XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Statement of Cash Flows
4 Months Ended
Dec. 31, 2020
USD ($)
Statement of Cash Flows [Abstract]  
Net loss $ (10,661,113)
Adjustments to reconcile net loss to net cash used in operating activities:  
Transaction costs associated with the warrant liability 1,069,399
Fair value of warrant liability in excess of proceeds received in Private Placement 890,000
Change in fair value of warrant liability 8,629,500
Interest earned on marketable securities held in Trust Account (5,916)
Unrealized gain on marketable securities held in Trust Account (3,454)
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (543,350)
Accrued expenses 71,510
Net cash used in operating activities (553,424)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 338,100,000
Proceeds from sale of Private Placement Warrants 8,900,000
Proceeds from promissory note—related party 177,225
Repayment of promissory note—related party (177,225)
Payment of offering costs (480,706)
Net cash provided by financing activities 346,544,294
Net Change in Cash 990,870
Cash—Beginning of period 0
Cash—End of period 990,870
Non-Cash investing and financing activities:  
Initial classification of Class A common stock subject to possible redemption 300,553,370
Change in value of Class A common stock subject to possible redemption (8,550,800)
Deferred underwriting fee payable $ 12,075,000