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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 3,112,761
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of warrant liabilities (4,248,830)
Financing costs - derivative warrant liabilities 449,070
Income from investments held in Trust Account (3,630)
Changes in operating assets and liabilities:  
Prepaid expenses (408,838)
Accounts payable 298,332
Accrued expenses 313,750
Franchise tax payable 1,183
Net cash used in operating activities (486,202)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable (130,000)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 8,900,000
Payment of offering costs (7,118,422)
Net cash provided by financing activities 346,651,578
Net Change in Cash 1,165,376
Cash - Beginning 16,110
Cash - Ending 1,181,486
Non-cash investing and financing activities:  
Offering costs included in accrued offering costs 95,000
Deferred underwriting commissions 12,075,000
Offering costs charged to additional paid-in capital in connection with the initial public offering 588,562
Initial value of Class A common stock subject to possible redemption 316,157,260
Change in value of Class A common stock subject to possible redemption $ 3,602,280