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STATEMENT OF CASH FLOWS
7 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (336,288)
Adjustments to reconcile net loss to net cash used in operating activities:  
Gain on marketable securities, dividends and interest held in Trust Account (11,767)
General and administrative expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 19,800
General and administrative expenses paid by Sponsor under promissory note 11,055
Changes in operating assets and liabilities:  
Prepaid expenses (136,636)
Accounts payable 9,352
Accrued expenses 5,000
Net cash used in operating activities (439,484)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (346,725,000)
Net cash used in investing activities (346,725,000)
Cash Flows from Financing Activities:  
Proceeds from note payable to related party 92,208
Repayment of note payable to related party (188,213)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 10,625,000
Offering costs paid (7,389,696)
Net cash provided by financing activities 348,139,299
Net change in cash 974,815
Cash - beginning of the period 0
Cash - end of the period 974,815
Supplemental disclosure of noncash investing and financing activities:  
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 5,200
Offering costs included in accrued expenses 75,000
Offering costs funded with note payable 84,950
Deferred underwriting commissions 12,075,000
Initial value of Class A ordinary shares subject to possible redemption 287,336,897
Change in initial value of Class A ordinary shares subject to possible redemption $ 43,346,967