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CONDENSED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 11,771,204 $ 8,986,375
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on investment held in Trust Account (6,852) (405,510)
Realized gain from sale of marketable securities   (1,357,111)
Excess of the fair value of private placement warrants over cash received   2,932,800
Warrant issuance costs   1,044,110
Unrealized gain/loss on fair value changes of warrants (12,428,400) (11,249,200)
Changes in current assets and current liabilities:    
Prepaid assets (357,426) (120,829)
Accounts payable and accrued expense 643,580 3,190
Due to related parties   (4,206)
Net cash used in operating activities (394,483) (170,381)
Cash Flows from Investing Activities:    
Purchase of investment held in Trust Account   (553,609,410)
Proceeds from sale of investment held in Trust Account   277,609,410
Net cash used in investing activities   (276,000,000)
Cash Flows from Financing Activities:    
Proceeds from Initial Public Offering, net of underwriters' fees 276,000,000 276,000,000
Proceeds from private placement   7,520,000
Repayment of Sponsor loan   (300,000)
Payments of offering costs 0 (5,993,015)
Net cash provided by financing activities 0 277,226,985
Net Change in Cash (377,894) 1,056,604
Cash – Beginning 981,606 300,000
Cash – Ending 603,712 1,356,604
Supplemental Disclosure of Non-cash Financing Activities:    
Deferred underwriting commissions charged to additional paid in capital 0 9,660,000
Original value of Class A ordinary shares subject to possible redemption   234,052,236
Change in value of Class A ordinary shares subject to possible redemption $ 11,771,200 12,925,382
Initial classification of warrant liability   $ 25,874,000