XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.4
STATEMENT OF CASH FLOWS
3 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (9,269,956)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of warrant liability 8,375,750
Transaction costs allocable to warrants 804,576
Interest earned on marketable securities held in Trust Account (8,029)
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (625,421)
Accrued expenses 67,337
Net cash used in operating activities (655,743)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (312,500,000)
Net cash used in investing activities (312,500,000)
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 281,750,000
Proceeds from sale of Private Placement Units 25,000,000
Proceeds from sale of Private Placement Warrants 8,075,000
Proceeds from promissory note - related party 183,000
Repayment of promissory note - related party (183,000)
Payment of offering costs (500,665)
Net cash provided by financing activities 314,349,335
Net Change in Cash 1,193,592
Cash - Beginning of period 0
Cash - End of period 1,193,592
Non-Cash financing activities:  
Deferred underwriting fee payable 10,062,500
Offering costs included in accrued offering costs $ 5,000