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CONDENSED STATEMENT OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Cash flows from Operating Activities:            
Net income (loss) $ 5,555,043 $ 11,771,204 $ (11,247,689) $ 8,986,375 $ 15,450,188 $ (814,819)
Adjustments to reconcile net income (loss) to net cash used in operating activities:            
Interest earned on investment held in Trust Account         (20,784)  
Excess of the fair value of private placement warrants over the cash received           2,932,800
Warrant issuance costs           1,044,453
Realized gain and interest earned on investment held in Trust Account           (1,838,872)
Unrealized gain/loss on fair value changes of warrants (6,124,880)   11,086,400   (19,769,680) (1,705,600)
Changes in current assets and current liabilities:            
Prepaid expenses and other expenses         (126,922) (51,462)
Accounts payable and accrued expense         2,761,929 75,897
Due to related party         785,007 (19,920)
Net cash used in operating activities         (920,262) (377,523)
Cash Flows from Investing Activities:            
Cash deposited into Trust Account           (276,000,000)
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)
Proceeds from promissory note to related party           0
Repayment of promissory note to related party           0
Payments of offering costs           (5,998,175)
Net cash provided by financing activities           277,221,825
Net Change in Cash         (920,262) 844,302
Cash – Beginning   $ 981,606   $ 300,000 981,606 300,000
Cash – Ending $ 61,344   $ 1,144,302   $ 61,344 1,144,302
Supplemental Disclosure of Non-cash Financing Activities:            
Deferred underwriting commissions charged to additional paid in capital           9,660,000
Initial value of Class A ordinary shares subject to possible redemption           $ 276,000,000