STATEMENT OF CASH FLOWS |
3 Months Ended |
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Mar. 31, 2021
USD ($)
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| Cash Flows from Operating Activities: | |
| Net income | $ 16,083,886 |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |
| Change in fair value of warrant liability | (17,520,500) |
| Interest earned on marketable securities held in Trust Account | (4,700) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses | 200,367 |
| Accrued expenses | 1,117,112 |
| Accrued offering costs | (10,282) |
| Net cash used in operating activities | (134,117) |
| Cash Flows from Financing Activities: | |
| Repayment of promissory note - related party | (267,768) |
| Net cash provided by financing activities | (267,768) |
| Net Change in Cash | (401,885) |
| Cash - Beginning of Period | 1,667,600 |
| Cash - End of Period | 1,265,715 |
| 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 | $ 15,905,320 |
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- Definition Amount of accrued offering costs. No definition available.
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- Definition The amount of ordinary shares redemption value that were incurred during a noncash or partial noncash transaction. No definition available.
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- Definition The amount of ordinary shares which initially classified subject to possible redemption in non cash financing activities. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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