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Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (2,735,465)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on Trust Account (14,376)
Change in fair value of warrant liabilities 1,046,000
Change in fair value of forward purchase agreement liabilities 666,000
Offering costs allocated to warrants 719,201
Changes in current assets and current liabilities:  
Prepaid assets (438,615)
Due to related party 35,000
Accounts payable 70,746
Net cash used in operating activities (651,509)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Founder Shares 25,000
Proceeds from Initial Public Offering, net of underwriters’ discount 338,100,000
Proceeds from issuance of Private Placement Warrants 8,900,000
Payments of offering costs (521,631)
Net cash provided by financing activities 346,503,369
Net Change in Cash 851,860
Cash - Beginning
Cash - Ending 851,860
Supplemental Disclosure of Non-cash Financing Activities:  
Initial value of Class A ordinary shares subject to possible redemption 298,882,970
Initial value of warrant liabilities 18,190,000
Initial value of forward purchase agreement liabilities 11,655,000
Change in value of Class A ordinary shares subject to possible redemption (1,999,790)
Deferred underwriters’ discount payable charged to additional paid-in capital $ 12,075,000