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UNAUDITED CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,159,117)
Adjustments to reconcile net loss to cash used in operating activities:  
Change in fair value of derivative warrant liabilities 523,000
Offering costs associated with derivative liabilities 502,450
Income from investments held in Trust Account (1,586)
Changes in operating assets and liabilities:  
Prepaid expenses (404,437)
Due to related party 4,820
Accrued expenses 58,300
Net cash used in operating activities (476,570)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from note payable to related party 275,000
Repayment of note payable to related party (275,000)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 8,900,000
Offering costs paid (7,038,139)
Net cash provided by financing activities 346,861,861
Net change in cash 1,385,291
Cash - end of the period 1,385,291
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 65,450
Offering costs included in accrued expenses 302,000
Deferred underwriting commissions 12,075,000
Initial value of Class A ordinary shares subject to possible redemption 316,110,220
Change in value of Class A ordinary shares subject to possible redemption $ (575,920)