XML 18 R6.htm IDEA: XBRL DOCUMENT v3.21.4
Condensed Statement of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2021
Cash Flows from Operating Activities:  
Net loss $ (4,982,163)
Adjustments to reconcile net loss to net cash used in operating activities:  
Income from investments held in Trust Account (10,848)
General and administrative expenses paid by related party under note payable 44,617
Changes in operating assets and liabilities:  
Prepaid expenses (1,057,446)
Accounts payable 1,761,778
Accrued expenses 2,132,003
Due to related party 623,623
Net cash used in operating activities (1,488,436)
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 (5,790,750)
Net cash provided by financing activities 324,195,688
Net increase in cash 2,707,252
Cash - beginning of the period
Cash - end of the period 2,707,252
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accounts payable 6,479
Offering costs included in accrued expenses 73,567
Offering costs paid by related party under note payable 322,595
Offering costs included in due to related party 51,500
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