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v3.21.2

STATEMENT OF CASH FLOWS | 4 Months Ended
--- | ---
Dec. 31, 2020 USD ($)
Cash Flows from Operating Activities |
Net Loss | $ (12,971,424)
Adjustments to reconcile net loss to net cash used in operating activities |
Change in fair value of derivative warrant liabilities | 12,110,000
Offering costs allocated to derivative warrant liabilities | 749,253
Payment of formation costs through issuance of Class B ordinary shares | 5,000
Interest earned on marketable securities held in Trust Account | (1,973)
Changes in operating assets and liabilities |
Prepaid expenses | (237,088)
Net cash used in operating activities | (346,232)
Cash Flows from Investing Activities: |
Investment of cash into Trust Account | (232,300,000)
Net cash used in investing activities | (232,300,000)
Cash Flows from Financing Activities |
Proceeds from sale of Units, net of underwriting discounts paid and reimbursements | 226,150,000
Proceeds from sale of Private Placement Warrants | 8,900,000
Repayment of promissory note - related party | (124,826)
Payment of offering costs | (372,594)
Net cash provided by financing activities | 234,552,580
Net decrease in cash | 1,906,348
Cash - end of period | 1,906,348
Supplemental disclosure of noncash investing and financing activities: |
Initial classification of common stock subject to possible redemption | 200,645,178
Change in value of common stock subject to possible redemption | (12,959,704)
Warrant liabilities in connection with initial public offering and private placement | 22,529,000
Deferred underwriting fee payable | 8,050,000
Accrued offering costs | 49,934
Offering costs paid by Sponsor in exchange for Founder Shares | 20,000
Offering costs paid through Note payable | $ 124,826

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