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STATEMENT OF CASH FLOWS
4 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (212,799)
Adjustments to reconcile net loss to net cash used in operating activities:  
Formation cost paid by Sponsor in exchange for issuance of Class B ordinary shares 5,000
Changes in operating assets and liabilities:  
Prepaid expenses (248,791)
Accrued expenses 64,100
Net cash used in operating activities (392,490)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (500,000,000)
Net cash used in investing activities (500,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Class A ordinary shares, net of underwriting discounts paid 490,000,000
Proceeds from sale of Private Placement Warrants 12,000,000
Repayment of promissory notes - related party (178,120)
Payments of offering costs (573,418)
Net cash provided by financing activities 501,248,462
Net Change in Cash 855,972
Cash - Beginning of period 0
Cash - Ending of period 855,972
Non-Cash Investing and Financing Activities:  
Initial classification of Class A ordinary shares subject to possible redemption 478,775,260
Change in value of Class A ordinary shares subject to possible redemption (207,800)
Deferred underwriting fee payable 17,500,000
Offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares 20,000
Payment of offering costs through promissory note - related party 151,320
Payment of prepaid expenses through promissory note - related party $ 26,800