XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 8,677,623
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (2,907)
Expenses incurred for the fair value of warrants exceeding the purchase price 1,053,214
Warrant issuance costs 778,385
Unrealized gain on change in fair value of derivate instruments (10,619,138)
Changes in operating assets and liabilities:  
Prepaid expenses (720,726)
Accrued offering costs and expenses (59,868)
Due to related party 4,000
Net cash used in operating activities (889,417)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, net of underwriters' discount 225,400,000
Proceeds from private placement 6,600,000
Payment of offering costs (384,912)
Repayment of note payable from related party (82,668)
Net cash provided by financing activities 231,532,420
Net change in cash 643,003
Cash, end of the period 643,003
Supplemental Non-cash disclosure of cash flow information:  
Deferred underwriting commissions charged to additional paid in capital 8,050,000
Initial value of ordinary shares subject to possible redemption 192,266,950
Change in value of ordinary shares subject to possible redemption 10,453,260
Initial classification of warrant liability 20,914,370
Initial classification of FPA warrant liability $ 5,285,467