XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (3,604,854)
Adjustments to reconcile net loss to cash used in operating activities:  
Change in fair value of derivative warrant liabilities 2,484,250
Offering costs associated with derivative liabilities 502,450
Income from investments held in Trust Account (6,739)
Changes in operating assets and liabilities:  
Due from related party (23,462)
Prepaid expenses (350,375)
Accounts payable 53,620
Due to related party 380
Accrued expenses 379,605
Net cash used in operating activities (565,125)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Proceeds from note payable to related party 275,000
Repayment of note payable to related party (275,000)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 8,900,000
Offering costs paid (7,103,588)
Net cash provided by financing activities 346,796,412
Net change in cash 1,231,287
Cash - end of the period 1,231,287
Supplemental disclosure of noncash financing activities:  
Offering costs included in accrued expenses 302,000
Deferred underwriting commissions 12,075,000
Initial value of Class A ordinary shares subject to possible redemption 316,110,220
Change in value of Class A ordinary shares subject to possible redemption $ (3,021,660)