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Unaudited Condensed Statement of Cash Flows
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (5,184,207)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities 3,392,750
Transaction costs 1,406,506
Income from investments held in Trust Account (7,058)
Changes in operating assets and liabilities:  
Prepaid expenses (1,317,250)
Accounts payable 18,194
Accrued expenses 48,306
Franchise tax payable 47,660
Net cash used in operating activities (1,595,099)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (862,500,000)
Net cash used in investing activities (862,500,000)
Cash Flows from Financing Activities:  
Proceeds from note payable to related party 2,000
Repayment of note payable to related party (266,099)
Proceeds received from initial public offering, gross 862,500,000
Proceeds from private placement 19,250,000
Offering costs paid (17,369,609)
Net cash provided by financing activities 864,116,292
Net change in cash 21,193
Cash - beginning of the period 47,090
Cash - end of the period 68,283
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 250,000
Offering costs included in accrued expenses 372,369
Offering costs paid by related party under promissory note 94,099
Deferred underwriting commissions 30,187,500
Reversal of offering costs included in accounts payable in prior year 113,386
Derivative warrant liabilities in connection with initial public offering and private placement (39,511,970)
Initial value of common stock subject to possible redemption 788,774,130
Change in value of common stock subject to possible redemption $ (3,737,040)