Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statement of Cash Flows

v3.21.2
Unaudited Condensed Statement of Cash Flows
9 Months Ended
Sep. 30, 2021
USD ($)
Cash flows from operating activities:  
Net income $ 594,906
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (18,084)
Income earned on mutual funds (1,000)
Offering costs allocated to warrants 457,600
Change in fair value of warrant liability (1,544,000)
Changes in operating assets and liabilities:  
Prepaid assets (291,817)
Due to related party 30,000
Accrued expenses 247,390
Net cash used in operating activities (525,005)
Cash Flows from Investing Activities:  
Investment of cash in Mutual Funds (1,000,000)
Investment of cash in Trust Account (300,000,000)
Cash withdrawn to pay taxes 450
Net cash used in investing activities (300,999,550)
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 301,749,339
Net change in cash 215,500
Cash, beginning of period 3,523
Cash, end of the period 219,023
Supplemental disclosure of cash flow information:  
Initial value of Class A common stock subject to redemption 300,000,000
Deferred underwriters’ discount payable charged to additional paid-in capital $ 10,500,000