In millions, except per share items | Dec-31-22 | Dec-31-21 |
| 10-K | 10-K |
Cash Flows from Operating Activities | | |
Net income (loss) | 17.7 | 5.6 |
|
Adjustments to reconcile net income (loss) to net cash used in operating activities: | | |
Earnings and realized gain on marketable securities held in Trust Account | | |
Change in fair value of warrant liabilities | -13.9 | -7.0 |
Changes in operating assets and liabilities: | | |
Prepaid expenses | 0.1 | 0.4 |
Due to related party | 0.5 | |
Accrued expenses | 0.8 | 0.1 |
Net cash used in operating activities | -0.5 | -1.2 |
|
Cash Flows from Investing Activities | | |
Proceeds received from Trust Account | 390.4 | |
Net cash provided by investing activities | 390.4 | |
|
Cash Flows from Financing Activities | | |
Payments to Class A ordinary shareholders for redemption of shares | -390.4 | |
Payment of offering costs | -0.1 | 0.0 |
Net cash used in financing activities | -390.5 | 0.0 |
Net change in cash | -0.6 | -1.3 |
|
Non-cash financing activities: | | |
Remeasurement of Class A ordinary shares subject to possible redemption | 5.9 | |