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Condensed Statement of Cash Flows (Unaudited)
5 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (145,941)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 5,000
Interest earned on marketable securities held in Trust Account (3,611)
Changes in operating assets and liabilities:  
Prepaid expenses (657,948)
Due from sponsor (1,553,900)
Accrued expenses 87,869
Net cash used in operating activities (2,268,531)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (253,000,000)
Net cash used in investing activities (253,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Public Shares, net of underwriting discounts paid 247,940,000
Proceeds from sale of Private Placement Shares 7,560,000
Proceeds from promissory note – related party 110,000
Repayment of promissory note – related party (146,100)
Payment of offering costs (109,124)
Net cash provided by financing activities 255,354,776
Net Change in Cash 86,245
Cash – Beginning of period
Cash – End of period 86,245
Non-cash investing and financing activities:  
Deferred offering costs included in accrued offering costs 417,500
Deferred offering costs paid through promissory note – related party 36,100
Deferred offering costs paid by the Sponsor in exchange for the issuance of Class B ordinary shares 20,000
Initial classification of ordinary shares subject to possible redemption 240,981,330
Deferred underwriting fee payable $ 8,855,000