XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED STATEMENT OF CASH FLOWS
 5 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (989,113)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (246)
Change in fair value of warrant liabilities 615,000
Transaction costs allocated to warrants 290,432
Changes in operating assets and liabilities:  
Prepaid expenses (25,967)
Accrued expenses 70,794
Net cash used in operating activities (39,100)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (151,240,000)
Cash withdrawn from Trust Account for working capital purposes 1,240,000
Net cash used in investing activities (150,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 147,000,000
Proceeds from sale of Private Placements Warrants 5,250,000
Proceeds from promissory note - related party 46,975
Payment of offering costs (377,395)
Net cash provided by financing activities 151,944,580
Net Change in Cash 1,905,480
Cash - Beginning of period 0
Cash - End of period 1,905,480
Non-cash investing and financing activities:  
offering costs included in accrued offering costs 82,904
Initial classification of common stock subject to possible redemption 131,721,200
Initial classification of warrant liabilities 9,842,500
Deferred underwriting fee payable $ 5,250,000