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Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 318,968
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of warrant liabilities (1,182,600)
Transaction costs allocated to warrant liabilities 438,283
Interest earned on marketable securities held in Trust Account (19,504)
Changes in operating assets and liabilities:  
Prepaid expenses and other current asset (496,414)
Accrued expenses 214,934
Net cash used in operating activities (726,333)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (253,000,000)
Net cash used in investing activities (253,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 247,940,000
Proceeds from sale of Private Placements Warrants 7,060,000
Proceeds from promissory note – related party 109,152
Repayments of promissory note – related party (133,000)
Payment of offering costs (381,127)
Net cash provided by financing activities 254,595,025
Net Change in Cash 868,692
Cash – Beginning of period
Cash – End of period 868,692
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 12,000
Payment of accrued expenses through promissory note 16,152
Initial classification of Class A common stock subject to possible redemption 228,885,190
Change in value of Class A common stock subject to possible redemption 757,250
Deferred underwriting fee payable $ 8,855,000