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v3.21.2

Statement of Cash Flows | 3 Months Ended | 4 Months Ended
--- | --- | ---
Mar. 31, 2021 USD ($) | Dec. 31, 2020 USD ($)
Cash Flows from Operating Activities: |  |
Net loss | $ (3,017,488) | $ (4,443,894)
Adjustments to reconcile net loss to net cash used in operating activities: |  |
Payment of formation costs through issuance of Class B ordinary shares |  | 5,000
Interest earned on marketable securities held in trust account | (52,169) | (49,118)
Unrealized gain on marketable securities held in trust account | (4,366) | (3,788)
Change in fair value of warrant liability | 436,667 | 1,690,000
Change in fair value of forward purchase agreement liability | (300,000) | 2,050,000
Transaction costs |  | 482,885
Changes in operating assets and liabilities: |  |
Prepaid expenses | 59,832 | (379,166)
Accrued expenses | 2,823,833 | 173,873
Net cash used in operating activities | (53,691) | (474,208)
Cash Flows from Investing Activities: |  |
Investment of cash in trust account |  | (250,000,000)
Net cash used in investing activities |  | (250,000,000)
Cash Flows from Financing Activities: |  |
Proceeds from sale of Units, net of underwriting discounts paid |  | 245,000,000
Proceeds from sale of private placement warrants |  | 7,000,000
Proceeds from promissory note - related party |  | 150,295
Repayment of promissory note - related party |  | (150,295)
Payment of offering costs |  | (445,163)
Net cash provided by financing activities |  | 251,554,837
Net Change in Cash | (53,691) | 1,080,629
Cash - Beginning | 1,080,629 |
Cash - Ending | 1,026,938 | 1,080,629
Non-Cash Investing and Financing Activities: |  |
Offering costs paid by sponsor in exchange for the issuance of Class B ordinary shares |  | 20,000
Initial classification of Class A ordinary shares subject to possible redemption |  | 224,354,830
Change in value of Class A ordinary shares subject to possible redemption | (3,017,488) | (3,906,010)
Deferred underwriting fee payable | $ 8,750,000 | $ 8,750,000

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