XML 21 R8.htm IDEA: XBRL DOCUMENT v3.21.1
STATEMENT OF CASH FLOWS
 4 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (441,255)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 4,961
Interest earned on marketable securities held in Trust Account (5,892)
Unrealized loss on marketable securities held in Trust Account 8,391
Changes in operating assets and liabilities:  
Prepaid expenses (790,341)
Accrued expenses 290,148
Net cash used in operating activities (933,988)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (92,000,000)
Net cash used in investing activities (92,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 90,160,000
Proceeds from sale of Private Placement Units 4,340,000
Proceeds from promissory note - related party 147,753
Repayment of promissory note - related party (147,753)
Payment of offering costs (578,825)
Net cash provided by financing activities 93,921,175
Net Change in Cash 987,187
Cash - Ending 987,187
Non-Cash Investing and Financing Activities:  
Initial classification of Class A ordinary shares subject to possible redemption 85,701,170
Change in value of Class A ordinary shares subject to possible redemption (436,290)
Offering costs paid directly by Sponsor from proceeds from issuance of Class B ordinary shares 20,039
Deferred underwriting fee payable $ 3,220,000