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Condensed Statement of Cash Flows
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,352,066
Adjustments to reconcile net income to net cash used in operating activities:  
Income from investments held in Trust Account (869)
Change in fair value of derivative warrant liabilities (1,860,000)
Offering costs associated with derivative warrant liabilities 358,700
General and administrative expenses paid by related party under promissory note 3,053
Changes in operating assets and liabilities:  
Prepaid expenses (862,419)
Accounts payable 12,500
Accrued expenses 9,965
Net cash used in operating activities (987,004)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (250,000,000)
Net cash used in investing activities (250,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (78,045)
Proceeds received from initial public offering, gross 250,000,000
Proceeds received from private placement 8,000,000
Offering costs paid (5,121,841)
Net cash provided by financing activities 252,800,114
Net increase in cash 1,813,110
Cash - beginning of the period
Cash - end of the period 1,813,110
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accrued expenses 253,400
Offering costs paid by related party under promissory note 74,992
Deferred underwriting commissions 8,750,000
Initial value of Class A ordinary shares subject to possible redemption 226,177,820
Change in value of Class A common shares subject to possible redemption 1,759,530
Initial value of derivative warrant liabilities $ 12,503,330