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CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 4,251,586
Adjustments to reconcile net loss to net cash used in operating activities:  
Dividend earned on Trust account (8,663)
Change in fair value of warrant liability (5,195,650)
Offering costs allocated to warrants 634,367
Changes in current assets and current liabilities:  
Prepaid assets (717,821)
Accounts payable 134,529
Net cash used in operating activities (901,652)
Cash Flows from Investing Activities:  
Investment of cash into trust account (275,000,000)
Net cash used in investing activities (275,000,000)
Cash Flows from Financing Activities:  
Proceeds from Initial Public Offering, net of underwriters' discount 245,000,000
Proceeds from sale of Option Units to underwriters 25,000,000
Proceeds from issuance of Private Placement Warrants 7,000,000
Payments of offering costs (575,716)
Net cash provided by financing activities 276,424,284
Net Change in Cash 522,632
Cash - Beginning 0
Cash - Ending 522,632
Supplemental Disclosure of Non-cash Financing Activities:  
Initial value of Class A Ordinary Shares subject to possible redemption 220,407,490
Change in value of Class A Ordinary Shares subject to possible redemption 27,471,871
Initial value of warrant liabilities 18,805,875
Deferred underwriters' discount payable charged to additional paid-in capital $ 9,625,000