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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,448,608
Adjustments to reconcile net loss to net cash used in operating activities:  
Operating Costs paid through promissory note 450
Interest earned on marketable securities held in Trust Account (1,184)
Change in fair value of warrant liabilities (2,116,666)
Transaction costs incurred allocated to warrant liabilities 472,097
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (883,510)
Accrued expenses 154,698
Net cash used in operating activities (925,507)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (287,500,000)
Net cash used in investing activities (287,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 281,750,000
Proceeds from sale of Private Placement Warrants 7,750,000
Repayment of promissory note - related party (121,049)
Payment of offering costs (285,655)
Net cash provided by financing activities 289,093,296
Net Change in Cash 667,789
Cash - End of period 667,789
Non-cash investing and financing activities:  
Offering costs paid through promissory note 101,497
Initial classification of Class A common stock subject to possible redemption 261,291,534
Change in value of Class A common stock subject to possible redemption 1,923,756
Deferred underwriting fee payable $ 10,062,500