XML 27 R6.htm IDEA: XBRL DOCUMENT 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