XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED STATEMENT OF CASH FLOWS - USD ($)
2 Months Ended 3 Months Ended
Mar. 31, 2020
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 0 $ 2,187,800
Adjustments to reconcile net income to net cash used in operating activities:    
General and administrative expenses paid by related party 0 121,519
Interest income on investments held in Trust Account 0 (1,781)
Change in fair value of warrant liability 0 (4,461,226)
Change in fair value of forward purchase securities liability   2,052,035
Changes in operating assets and liabilities:    
Accrued expenses 0 (68,535)
Franchise tax payable 0 38,492
Deferred offering costs associated with proposed initial public offering 0 131,695
Net cash used in operating activities 0 0
Cash flows from investing activities    
Cash deposited in Trust Account 0 (250,000,000)
Net cash used in investing activities 0 (250,000,000)
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock 25,000 0
Proceeds from related party - Sponsor loan 0 592,985
Proceeds received from initial public offering 0 250,000,000
Proceeds received from private placement 0 6,000,000
Offering costs paid 0 (5,393,362)
Payment of related party payable 0 (1,199,623)
Net cash provided by financing activities 25,000 250,000,000
Net change in cash 25,000 0
Cash, beginning of the period 0 25,000
Cash, end of the period 25,000 25,000
Supplemental disclosure of non-cash financing activities    
Offering cost paid with note payable 0 91,750
Prepaid expenses paid with payables to related party 0 902,019
Change in Class A common stock subject to possible redemption $ 0 $ 237,321,260