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Statement of Cash Flows
7 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (4,718,021)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by related party through note payable 36,280
Compensation cost from issuance of derivative warrant liabilities – private warrants 2,924,805
Gain on marketable securities (net) held in Trust Account (48)
Change in fair value of derivative warrant liabilities 921,830
Issuance costs – warrant liabilities 645,776
Changes in operating assets and liabilities:  
Prepaid expenses (168,141)
Accounts payable 157,210
Accrued taxes 172,200
Net cash used in operating activities (28,109)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (58,650,000)
Net cash used in investing activities (58,650,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (157,480)
Proceeds received from initial public offering, gross 57,500,000
Proceeds received from private placement 3,445,000
Offering costs paid (1,454,040)
Net cash provided by financing activities 59,333,480
Net increase in cash 655,371
Cash - beginning of the period
Cash - end of the period 655,371
Supplemental disclosure of noncash activities:  
Offering costs paid by related party in exchange for issuance of Class B common stock 25,000
Offering costs included in accounts payable 21,435
Offering costs included in accrued expenses 70,000
Offering costs paid by related party through note payable 121,200
Deferred underwriting commissions in connection with the initial public offering 2,012,500
Initial value of common stock subject to possible redemption 36,340,978
Change in value of common stock subject to possible redemption (999,406)
Issuance of Class A common stock to the underwriters $ 6