Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (Unaudited)

v3.21.2
Condensed Statement of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2021
USD ($)
Cash flows from operating activities:  
Net income $ (1,553,661)
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (10,522)
Offering costs allocated to warrants 457,600
Change in fair value of warrant liability 843,000
Changes in operating assets and liabilities:  
Prepaid assets (363,848)
Accrued expenses 189,055
Net cash used in operating activities (438,376)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (300,000,000)
Cash withdrawn to pay taxes 450
Net cash used in investing activities (299,999,550)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discount 294,000,000
Proceeds from issuance of Private Placement Warrants 8,000,000
Repayment of promissory note – related party (9,284)
Payment of offering costs (250,661)
Net cash provided by financing activities 301,740,055
Net change in cash 1,302,129
Cash, beginning of period 3,523
Cash, end of the period 1,305,652
Supplemental disclosure of cash flow information:  
Initial value of Class A common stock subject to possible redemption 277,946,030
Change in Class A common stock subject to possible redemption (1,207,520)
Deferred underwriters’ discount payable charged to additional paid-in capital $ 10,500,000