Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement Of Cash Flows

v3.21.2
Condensed Statement Of Cash Flows
 6 Months Ended
Jun. 30, 2021
USD ($)
Cash flows from operating activities:  
Net loss $ (994,586)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest income on cash and investments held in Trust Account (15,362)
Offering costs allocated to warrant liability 570,496
Change in fair value of warrant liability 162,466
Changes in operating assets and liabilities:  
Prepaid assets (1,087,577)
Accrued costs and expenses 53,962
Net cash used in operating activities (1,310,601)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (402,500,000)
Net cash used in investing activities (402,500,000)
Cash Flows from Financing Activities:  
Proceeds from purchase of Class B shares by initial shareholder 25,000
Proceeds from initial public offering, net of underwriters' discount 394,450,000
Proceeds from private placement 10,050,000
Payment of offering costs (595,524)
Net cash provided by financing activities 403,929,476
Net change in cash 118,875
Cash, beginning of period 0
Cash, end of the period 118,875
Supplemental disclosure of cash flow information:  
Initial classification of Class A ordinary shares subject to possible redemption 316,378,064
Deferred underwriting commissions charged to additional paid in capital 14,087,500
Change in value of Class A ordinary shares subject to possible redemption $ 47,888,678