XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (15,636,976) $ (976)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (7,184)  
Changes in fair value of warrant liabilities 14,245,031  
Transaction costs allocable to warrant liabilities 820,852  
Changes in operating assets and liabilities:    
Prepaid expenses (205,921)  
Accounts payable and accrued expenses 123,951 976
Net cash used in operating activities (660,247)  
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (230,000,000)  
Net used in investing activities (230,000,000)  
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 226,000,000  
Proceeds from sale of Placement Units 5,400,000  
Proceeds from the collection of stock subscription receivable 25,000  
Proceeds from promissory notes – related party 75,000  
Repayment of promissory notes – related party (75,000)  
Payment of offering costs (433,916)  
Net cash provided by financing activities 230,991,084  
Net Change in Cash 330,837  
Cash – Beginning
Cash – Ending 330,837
Non-cash investing and financing activities:    
Change in value of Class A common stock subject to possible redemption 230,000,000  
Deferred underwriting fee payable $ 9,800,000  
Offering costs included in accrued offering costs   9,315
Issuance of stock for stock subscription receivable   $ 25,000