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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 6,319,210
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on cash held in Trust Account (8,319)
Unrealized gain on change in fair value of warrants (7,166,800)
Transaction costs (655,046)
Changes in operating assets and liabilities:  
Prepaid assets (696,830)
Franchise tax payable 50,000
Accounts payable and accrued expenses 293,175
Net cash used in operating activities 554,518
Cash Flows from Investing Activities:  
Principal invested into Trust account (276,000,000)
Net cash used in investing activities 276,000,000
Cash Flows from Financing Activities:  
Due to related party 3,817
Offering costs 360,212
Proceeds from issuance of Private Placement Warrants 7,820,000
Borrowing from Promissory Note 360,212
Repayment of promissory note 73,780
Proceeds from working capital loans 100,000
Net cash provided by financing activities 277,996,017
Net Change in Cash 1,441,499
Cash, end of period 1,441,499
Supplemental Disclosure of Non-cash Financing Activities:  
Class A ordinary shares subject to possible redemption 245,211,820
Change in Class A ordinary shares subject to possible redemption 6,944,702
Deferred underwriters' discount payable charged to additional paid in capital 9,660,000
Initial Warrant liability $ 18,028,933