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UNAUDITED STATEMENT OF CASH FLOWS
5 Months Ended
Jun. 30, 2021
USD ($)
Cash flow from operating activities:  
Net loss $ (24,200,094)
Adjustments to reconcile net loss to net cash used in operating activities:  
Change in fair value of warrant liabilities 21,166,668
Offering costs allocated to warrant liabilities 956,584
Interest earned on cash equivalents held in Trust Account (5,400)
Changes in operating assets and liabilities:  
Accounts payable 625,004
Franchise tax payable 83,288
Prepaid insurance (972,212)
Net cash used in operating activities (2,350,328)
Cash flows from investing activities:  
Investment of cash in Trust Account (350,000,000)
Net cash used in investing activities (350,000,000)
Cash flows from financing activities:  
Proceeds from sale of Units, net of underwriting discounts paid 343,000,000
Proceeds from sale of Private Placement Warrants 10,000,000
Proceeds from sale of Class B Common Stock to Sponsor 25,000
Payment of offering costs (674,672)
Net cash provided by financing activities 352,350,328
Net decrease in cash 0
Supplemental disclosure of non-cash financing activities:  
Initial classification of Class A common stock subject to possible redemption 307,889,890
Change in initial value of Class A common stock subject to possible redemption $ (23,037,240)