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 $ 3,994,994
Adjustments to reconcile net income to net cash used in operating activities:  
General and administrative expenses paid by Sponsor under promissory note 10,788
Change in fair value of warrant liabilities (4,973,300)
Offering costs - warrant liabilities 599,920
Changes in operating assets and liabilities:  
Prepaid expenses (637,544)
Accounts payable 1,009,830
Accrued expenses 28,075
Due to related party 3,247
Net cash provided by operating activities 36,010
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (207,000,000)
Net cash used in investing activities (207,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (94,427)
Proceeds received from initial public offering, gross 207,000,000
Proceeds received from private placement 6,140,000
Offering costs paid (4,259,485)
Net cash provided by financing activities 208,786,088
Net change in cash 1,822,098
Cash - beginning of the period 0
Cash - end of the period 1,822,098
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accrued expenses 594,915
Offering costs paid by Sponsor under promissory note 32,739
Deferred underwriting commissions 7,245,000
Initial value of Class A ordinary shares subject to possible redemption 179,872,890
Change in value of Class A ordinary shares subject to possible redemption $ 4,613,820