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STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net Income $ 5,779,836
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on investments held in Trust Account 0
Change in fair value of warrant liability (6,943,900)
Transaction costs related to derivative liability 622,106
Changes in operating assets and liabilities:  
Prepaid expenses (529,871)
Accrued expenses 328,335
Net cash used in operating activities (743,494)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (241,500,000)
Net cash used in investing activities (241,500,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 0
Proceeds from sale of Units, net of underwriting discounts paid 237,085,800
Proceeds from sale of Private Placement Warrants 6,830,000
Repayment of advances from related party 0
Proceeds from promissory note - related party 250,000
Repayment of promissory note - related party (250,000)
Payment of offering costs (760,795)
Net cash provided by financing activities 243,155,005
Net Change in Cash 911,511
Cash - Beginning of period 24,351
Cash - End of period 935,862
Non-Cash financing activities:  
Initial classification of Class A common stock subject to possible redemption 208,954,220
Change in value of Class A common stock subject to possible redemption 9,862,470
Deferred underwriting fee payable 8,452,500
Initial classification of warrant liability $ 20,771,633