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CONDENSED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:        
Net income $ (1,876,059) $ 1,446,495 $ 9,895,145 $ 10,432,870
Adjustments to reconcile net income to net cash used in operating activities:        
Interest earned on investment held in Trust Account     (13,780) (474,758)
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   343   1,044,453
Unrealized gain/loss on fair value changes of warrants (1,216,400) (1,542,800) (13,644,800) (12,792,000)
Changes in current assets and current liabilities:        
Prepaid assets     (231,514) (86,835)
Accounts payable and accrued expense     2,810,530 79,905
Due to related parties     329,435 25,795
Net cash used in operating activities     (854,984) (194,881)
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 (5,996,390)
Net cash provided by financing activities     0 277,226,985
Net Change in Cash     (854,984) 1,056,604
Cash – Beginning     981,606 300,000
Cash – Ending $ 126,622 $ 1,356,604 126,622 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     $ 9,895,140 14,367,403
Initial classification of warrant liability       25,874,000
Increase in accounts payable for deferred offering costs       $ 1,785