XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Unaudited Condensed Statement Of Cash Flows
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 4,962,873
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities (6,160,830)
Offering costs associated with derivative warrant liabilities 777,440
Income from investments held in Trust Account (10,287)
General and administrative expenses paid by related party under promissory note 144
Changes in operating assets and liabilities:  
Prepaid expenses (678,255)
Accrued expenses 243,837
Accounts payable 86,179
Franchise tax payable 48,817
Net cash used in operating activities (730,082)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 9,400,000
Repayment of note payable to related party (90,035)
Offering costs paid (6,525,801)
Net cash provided by financing activities 347,784,164
Net change in cash 2,054,082
Cash - beginning of the period
Cash - end of the period 2,054,082
Supplemental disclosure of noncash activities:  
Offering costs included in accrued expenses 448,383
Offering costs included paid by related party under promissory note 89,891
Deferred underwriting commissions in connection with the initial public offering 12,075,000
Initial value of Class A common stock subject to possible redemption 307,196,340
Change in value of Class A common shares subject to possible redemption $ 5,776,990