In millions, except per share items | Mar-31-22 | Dec-31-21 |
| 10-Q | 10-K |
Cash Flows from Operating Activities: | | |
Net income (loss) | 19.7 | -1.7 |
Adjustments to reconcile net income (loss) to net cash (used in) from operating activities: | | |
Interest earned on Trust Account | | |
Interest accrued on note payable | 0.0 | |
Termination fee | -1.5 | |
Change in fair value of warrant liabilities | -19.1 | |
Excess of fair value over cash received for private placement warrants | | |
Offering costs allocated to warrant issuance | | |
Changes in current assets and current liabilities: | | |
Prepaid assets | 0.2 | -0.4 |
Due to Sponsor | 0.0 | |
Accounts payable and accrued expenses | 0.4 | 1.0 |
Net cash (used in) provided by operating activities | 0.0 | 0.4 |
|
Cash Flows from Investing Activities: | | |
Proceeds from Trust account | 0.1 | |
Net cash provided by (used in) investing activities | 0.1 | |
Proceeds from Initial Public Offering, net of underwriting discount | | 347.0 |
Proceeds from issuance of Private Placement Warrants | | 347.0 |
Cash received for share receivable | | 347.0 |
Net cash provided by financing activities | 1.8 | 346.8 |
Net Change in Cash | -1.1 | 0.7 |
|
Non-cash investing and financing activities: | | |
Accretion for Class A common stock subject to possible redemption | -0.1 | 33.6 |