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Statement of Cash Flows
5 Months Ended
Dec. 31, 2020
USD ($)
shares
Cash Flows from Operating Activities:  
Net loss $ (15,175,822)
Adjustments to reconcile net income to net cash used in operating activities:  
General and administrative expenses paid by related party under note payable 1,335
Gain on investments held in Trust Account (53,904)
Change in fair value of derivative warrant liabilities 13,646,667
Financing costs – derivative warrant liabilities 1,346,780
Changes in operating assets and liabilities:  
Prepaid expenses (347,532)
Accounts payable 324
Due to related party 5,401
Franchise tax payable 90,411
Net cash used in operating activities (486,337)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (600,000,000)
Net cash used in investing activities (600,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from note payable to related party 259,094
Repayment of note payable to related party (263,979)
Proceeds received from initial public offering, gross 600,000,000
Proceeds received from private placement 14,500,000
Offering costs paid (12,550,081)
Net cash provided by financing activities 601,970,034
Net increase in cash 1,483,697
Cash - beginning of the period
Cash - end of the period $ 1,483,697
Supplemental disclosure of noncash financing activities:  
Forfeiture of Class B common stock (in Shares) | shares 9
Offering costs included in accrued expenses $ 84,214
Offering costs paid through note payable 3,550
Deferred underwriting commissions in connection with the initial public offering 21,000,000
Initial value of Class A common stock subject to possible redemption 540,547,710
Change in initial value of Class A common stock subject to possible redemption (13,792,930)
Derivative liabilities in connection with initial public offering and private placement $ 35,103,330