XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Statement of Cash Flows
6 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (2,282,026)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by Sponsor under promissory note 959
Change in fair value of derivative warrant liabilities 1,673,870
Financing costs - derivative warrant liabilities 469,004
Gain on investments held in Trust Account (11,212)
Changes in operating assets and liabilities:  
Prepaid expenses (316,989)
Accounts payable 332,263
Franchise tax payable 106,899
Net cash used in operating activities (27,232)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (172,500,000)
Net cash used in investing activities (172,500,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from note payable to related party 30,000
Repayment of note payable to related party (30,959)
Proceeds received from initial public offering, gross 172,500,000
Proceeds received from private placement 4,850,000
Offering costs paid (3,905,567)
Net cash provided by financing activities 173,468,474
Net increase in cash 941,242
Cash - beginning of the period
Cash - end of the period 941,242
Supplemental disclosure of noncash activities:  
Offering costs included in accrued expenses 70,000
Deferred underwriting commissions in connection with the initial public offering $ 6,037,500