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STATEMENT OF CASH FLOWS
5 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (110,277)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 5,000
Interest earned on marketable securities held in Trust Account (14,646)
Changes in operating assets and liabilities:  
Prepaid expenses (262,499)
Accrued expenses 37,067
Net cash used in operating activities (345,355)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (278,760,000)
Net cash used in investing activities (278,760,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 270,480,000
Proceeds from sale of private placement warrants 10,280,000
Advances from related party advanced prior to IPO 700,000
Repayment of advances from related party advanced prior to IPO (700,000)
Proceeds from promissory note - related party 300,000
Repayment of promissory note - related party (300,000)
Payments of offering costs (509,869)
Net cash provided by financing activities 280,250,131
Net Change in Cash 1,144,776
Cash - Beginning 0
Cash - Ending 1,144,776
Non-cash investing and financing activities:  
Initial classification of ordinary shares subject to possible redemption 265,562,774
Change in value of ordinary shares subject to possible redemption (104,708)
Deferred underwriting fee payable 9,660,000
Offering costs included in accrued offering costs 26,780
Offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares $ 20,000