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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash flows from operating activities:  
Net income $ 1,869,955
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account 0
Offering costs allocated to warrants 621,678
Change in fair value of warrant liability (2,562,916)
Changes in operating assets and liabilities:  
Prepaid assets (586,663)
Accrued expenses 26,925
Net cash provided by operating activities (631,021)
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 discount 281,750,000
Proceeds from issuance of Private Placement Warrants 7,750,000
Proceeds from promissory note - related party 115,492
Repayment of promissory note - related party (115,492)
Payment of offering costs (408,062)
Net cash provided by financing activities 289,091,938
Net change in cash 960,917
Cash, beginning of period 25,000
Cash, end of the period 985,917
Supplemental disclosure of non-cash financing activities:  
Initial classification of common stock subject to possible redemption 257,758,610
Initial classification of warrant liability 18,901,875
Deferred underwriters' discount payable charged to additional paid-in capital $ 10,062,500