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Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (295,215)
Adjustment to reconcile net loss to cash used in operating activities:  
Change in fair value of derivative warrant liabilities (322,850)
Financing costs - derivative warrant liabilities 522,300
Income from investments held in Trust Account (1,028)
General and administrative expenses paid by related party under promissory note 875
Changes in operating assets and liabilities:  
Prepaid expenses (510,153)
Accounts payable (503)
Accrued expenses 3,834
Franchise tax payable 48,269
Net cash used in operating activities (554,471)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (250,000,000)
Net cash used in investing activities (250,000,000)
Cash Flows from Financing Activities:  
Proceeds from stock subscription receivable 25,000
Repayment of note payable to related party (66,928)
Proceeds received from initial public offering, gross 250,000,000
Proceeds received from private placement 6,900,000
Offering costs paid (4,768,653)
Net cash provided by financing activities 252,089,419
Net change in cash 1,534,948
Cash - beginning of the period
Cash - end of the period 1,534,948
Supplemental disclosure of noncash activities:  
Offering costs included in accounts payable 22,660
Offering costs included in accrued expenses 70,000
Offering costs paid by related party under promissory note 66,053
Reversal of accrued offering costs 5,785
Deferred underwriting commissions in connection with the initial public offering 10,600,000
Initial value of Class A common stock subject to possible redemption 227,445,530
Change in value of Class A common shares subject to possible redemption $ 268,050