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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (6,694,512)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of warrant liabilities (175,000)
Loss on issuance of Private Placement Warrants 5,162,500
Income from Investments held in Trust Account (4,173)
Offering costs associated with issuance of warrants 1,259,038
Changes in operating assets and liabilities:  
Prepaid expenses (793,420)
Accrued expenses 3,956
Accrued expenses - related party 20,000
Net cash used in operating activities (1,221,611)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (304,750,000)
Net cash used in investing activities (304,750,000)
Cash Flows from Financing Activities:  
Proceeds from note payable to related party 32,000
Repayment of note payable to related party (77,000)
Proceeds received from initial public offering 304,750,000
Proceeds received from private placement 8,750,000
Offering costs paid (6,629,468)
Net cash provided by financing activities 306,825,532
Net increase in cash 853,921
Cash - beginning of the period 0
Cash - end of the period 853,921
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accounts payable 12,385
Accrued offering costs 70,000
Offering costs included in note payable 5,000
Offering costs included in advance from related party 13,095
Reversal of accrued offering costs 263,000
Deferred underwriting commissions 10,666,250
Initial value of Class A ordinary shares subject to possible redemption 290,803,650
Change in value of Class A ordinary shares subject to possible redemption 37,841,310
Initial value of derivative warrant liabilities $ 37,835,375