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CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 8,138,992
Adjustments to reconcile net income to net cash used in operating activities:  
Trust dividend income (3,872)
Change in fair value of warrant liabilities (9,522,933)
Offering costs allocated to warrants 780,268
Changes in current assets and current liabilities:  
Prepaid expenses (433,982)
Due to related party 24,107
Accounts payable (29,180)
Net cash used in operating activities (1,046,600)
Cash Flows from Investing Activities:  
Investment of cash into trust account (276,000,000)
Net cash used in investing activities (276,000,000)
Cash Flows from Financing Activities:  
Proceeds from Initial Public Offering, net of underwriters' discount 270,480,000
Proceeds from issuance of Private Placement Warrants 7,520,000
Repayment of promissory note to related party (75,000)
Payment of offering costs (328,534)
Net cash provided by financing activities 277,596,466
Net Change in Cash 549,866
Cash - Beginning of period 72,550
Cash - Ending of period 622,416
Supplemental Disclosure of Non-cash Financing Activities:  
Initial value of Class A ordinary shares subject to possible redemption 241,645,310
Initial value of warrant liabilities 21,177,866
Change in value of Class A ordinary shares subject to possible redemption 8,925,090
Deferred underwriters' discount payable charged to additional paid-in capital $ 9,660,000