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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,040,995
Adjustments to reconcile net loss to net cash used in operating activities:  
Unrealized gain from Investments held in Trust Account (3,601)
Offering costs associated with issuance of public and private warrants 231,566
Change in fair value of warrant liabilities (2,651,458)
Changes in operating assets and liabilities:  
Prepaid expenses (803,907)
Accounts Payable 559,805
Accrued expenses 385,269
Franchise tax payable 48,865
Net cash used in operating activities (1,192,466)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (287,500,000)
Net cash used in investing activities (287,500,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, gross 287,500,000
Proceeds received from private placement 7,775,000
Advances from related party 20,125
Repayment of advances from related party (33,175)
Repayment to note payable to related party (300,000)
Payment of offering costs (5,832,150)
Net cash provided by financing activities 289,129,800
Net Change in Cash 437,334
Cash - Beginning 201,781
Cash - Ending 639,115
Non-cash investing and financing activities:  
Offering costs included in accrued expenses 70,000
Warrant liabilities associated with issuance of public and private warrants 11,407,475
Initial value of ordinary shares subject to possible redemption 284,058,140
Change in value of ordinary shares subject to possible redemption $ (10,125,110)