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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