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Condensed Statement of Cash Flows
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (523,923)
Adjustments to reconcile net loss to net cash used in operating activities:  
Income from investments held in Trust Account (1,069)
General and adminsitrative expenses paid by related party under note payable 44,617
Changes in operating assets and liabilities:  
Prepaid expenses (1,422,818)
Due from related party (84,054)
Accounts payable 1,029
Accrued expenses 399,939
Due to related party 16,726
Net cash used in operating activities (1,569,553)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (320,000,000)
Net cash used in investing activities (320,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (413,562)
Proceeds received from initial public offering, gross 320,000,000
Proceeds received from private placement 10,400,000
Offering costs paid (6,430,750)
Net cash provided by financing activities 323,555,688
Net increase in cash 1,986,135
Cash - beginning of the period
Cash - end of the period 1,986,135
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accounts payable 57,979
Offering costs included in accrued expenses 73,567
Offering costs paid by related party under note payable 322,595
Reversal of offering costs included in accrued expenses in prior year 100,000
Prepaid expenses paid by related party through note payable 19,600
Outstanding accounts payable balance paid by related party under note payable 9,000
Deferred underwriting commissions 11,200,000
Underwriters' reimbursements in connection with the offering in accounts receivable $ 640,000