Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows

v3.21.2
Condensed Statement of Cash Flows
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 6,898,636
Adjustments to reconcile net income to net cash used in operating activities:  
General and administrative expenses paid by related party under promissory note 37,965
Loss upon issuance of private placement warrants 3,496,500
Offering costs associated with derivative warrant liabilities 848,440
Change in fair value of derivative warrant liabilities (11,944,130)
Income from investments held in Trust Account (6,601)
Changes in operating assets and liabilities:  
Prepaid expenses (575,874)
Accounts payable 50,568
Accrued expenses 400,515
Accrued expenses - related party 50,000
Net cash used in operating activities (743,981)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (316,250,000)
Net cash used in investing activities (316,250,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (151,790)
Proceeds received from initial public offering, gross 316,250,000
Proceeds received from private placement 8,325,000
Offering costs paid (6,728,981)
Net cash provided by financing activities 317,694,229
Net increase in cash 700,248
Cash - beginning of the period
Cash - end of the period 700,248
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accounts payable 5,400
Offering costs included in accrued expenses 85,450
Offering costs paid by related party under promissory note 113,825
Deferred underwriting commissions 11,068,750
Initial value of Class A ordinary shares subject to possible redemption 274,654,340
Change in value of Class A ordinary shares subject to possible redemption $ 11,327,740