Registration of securities issued in business combination transactions

STATEMENT OF CASH FLOWS

v3.21.2
STATEMENT OF CASH FLOWS
 4 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,767,451)
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
Transaction costs allocated to warrant liabilities 1,583,878
Changes in operating assets and liabilities:  
Prepaid expenses (700,417)
Accrued expenses 96,590
Net cash used in operating activities (782,400)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 338,550,000
Proceeds from sale of Private Placement Warrants 8,900,000
Net cash used in financing activities 347,450,000
Net Change in Cash 1,667,600
Cash - Beginning of Period 0
Cash - End of Period 1,667,600
Non-Cash Investing and Financing Activities:  
Initial classification of Class A ordinary shares subject to possible redemption 286,646,240
Change in value of Class A ordinary shares subject to possible redemption (178,570)
Deferred underwriting fee payable 12,075,000
Initial classification of warrant liabilities 43,147,500
Offering costs paid by Sponsor in exchange for the issuance of Class B ordinary shares 20,000
Payment of offering costs through promissory note - related party 240,968
Payment of prepaid expenses through promissory note - related party 26,800
Offering costs included in accrued offering costs $ 340,282