Registration of securities issued in business combination transactions

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
5 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Cash Flows from Operating Activities:        
Net income $ (5,476) $ 1,690,242 $ 3,089,413 $ 3,244,206
Adjustments to reconcile net income to net cash used in operating activities:        
Change in fair value of warrant liabilities 0 (2,976,000) (3,801,300) (4,297,300)
Transaction costs incurred in connection with IPO 0   86,544 86,544
Interest earned on marketable securities held in Trust Account 0 (670,720) (7,352) (10,281)
Changes in operating assets and liabilities:        
Prepaid expenses (400,000) 145,833 162,288 200,834
Accrued expenses 4,882 610,183 250,309 435,363
Income taxes payable   69,477    
Net cash used in operating activities (400,594) (1,130,985) (220,098) (340,634)
Cash Flows from Investing Activities:        
Investment of cash in Trust Account     (116,150,000) (116,150,000)
Net cash used in investing activities     (116,150,000) (116,150,000)
Cash Flows from Financing Activities:        
Proceeds from issuance of Class B common stock to Sponsor 25,000      
Proceeds from sale of Units, net of underwriting discounts paid     114,000,000 114,000,000
Proceeds from sale of Private Placements Warrants   0 4,120,000 4,120,000
Proceeds from sale of Unit Purchase Option     100 100
Proceeds from promissory note 600,000 436,077    
Repayment of promissory note - related party     (600,000) (600,000)
Payment of offering costs (122,110)   (407,352) (407,352)
Net cash provided by financing activities 502,890 436,077 117,112,748 117,112,748
Net Change in Cash 102,296 (694,908) 742,650 622,114
Cash - Beginning of period   724,410 102,296 102,296
Cash - End of period $ 102,296 $ 29,502 $ 844,946 $ 724,410