v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2021
Cash Flows from Operating Activities:        
Net income (loss)     $ (31,017,171) $ 53,826,180
Adjustments to reconcile net loss to net cash used in operating activities:        
Change in fair value of forward purchase liability $ (4,970,490) $ 18,909,921 18,909,921 (39,276,288)
Change in fair value of warrant liability 25,034,667 12,105,667 12,105,666 (21,880,999)
Interest earned on marketable securities held in Trust Account (24,979) (124,456) (124,456) (161,030)
Changes in operating assets and liabilities:        
Prepaid expenses     (313,467) 87,832
Accrued expenses     89,014 5,920,962
Income taxes payable     15,636 (136,635)
Due to sponsor       1,138,058
Net cash used in operating activities     (334,857) (481,920)
Cash Flows from Investing Activities:        
Investment of cash into Trust Account     (1,035,000,000)  
Net cash used in investing activities     (1,035,000,000)  
Cash Flows from Financing Activities:        
Proceeds from issuance of Class B common stock to Sponsor     25,000  
Proceeds from sale of Units, net of underwriting discounts paid     1,014,300,000  
Proceeds from sale of Private Placement Warrants     22,700,000  
Proceeds from promissory note - related party     250,000  
Repayment of promissory note - related party     (250,000)  
Payment of offering cost     (404,954)  
Net cash provided by financing activities     1,036,620,046  
Net Change in Cash     1,285,189 (481,920)
Cash - Beginning     0 496,471
Cash - End $ 14,551 $ 1,285,189 1,285,189 14,551
Supplemental Disclosure of Non-Cash Investing and Financing Activities:        
Change in value of Class A common stock subject to possible redemption     (31,010,447) $ (53,826,178)
Initial classification of Class A common stock subject to possible redemption     924,978,987  
Offering costs included in accrued offering costs     620,000  
Deferred underwriting fee payable     $ 36,225,000