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Condensed Statement of Cash Flows (Unaudited)
8 Months Ended
Sep. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (356,822)
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 (6,867)
Changes in operating assets and liabilities:  
Prepaid expenses (565,472)
Accounts payable and accrued expenses 112,398
Net cash used in operating activities (811,763)
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 (157,624)
Net cash provided by financing activities 255,306,276
Net Change in Cash 1,494,513
Cash – Beginning of period
Cash – End of period 1,494,513
Non-cash investing and financing activities:  
Deferred offering costs included in accrued offering costs 329,000
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 253,000,000
Deferred underwriting fee payable $ 8,855,000