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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (9,778,749)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities 4,539,990
Offering costs - derivative warrant liabilities 827,601
Income from investments held in Trust Account (128,612)
Changes in operating assets and liabilities:  
Prepaid expenses (1,571,508)
Accounts payable 28,797
Accrued expenses 2,644,362
Accrued expenses - related party 62,256
Franchise tax payable 139,121
Net cash used in operating activities (3,236,742)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (402,500,000)
Net cash used in investing activities (402,500,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (150,000)
Proceeds received from initial public offering, gross 402,500,000
Proceeds received from the sale of private placement warrants to Sponsor 13,106,908
Offering costs paid (8,135,810)
Net cash provided by financing activities 407,321,098
Net change in cash 1,584,356
Cash - beginning of the period 45,156
Cash - end of the period 1,629,512
Supplemental disclosure of noncash financing activities:  
Offering costs included in accrued expenses 189,632
Deferred underwriting commissions in connection with the initial public offering 14,087,500
Initial value of Class A common stock subject to possible redemption 361,272,210
Change in value of Class A common stock subject to possible redemption $ (8,903,260)