Registration of securities issued in business combination transactions

STATEMENT OF CASH FLOWS

v3.21.1
STATEMENT OF CASH FLOWS
4 Months Ended
Dec. 31, 2020
USD ($)
Net Cash Provided by (Used in) Operating Activities [Abstract]  
Net loss $ (5,281,503)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs in exchange for issuance of Class B ordinary shares 299,659
Change in fair value of warrants 5,019,872
Interest earned on marketable securities held in Trust Account (38,028)
Changes in operating assets and liabilities:  
Prepaid expenses (349,388)
Accrued expenses 93,136
Net cash used in operating activities (550,911)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (275,000,000)
Net cash used in investing activities (275,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 269,500,000
Proceeds from sale of Private Placement Warrants 7,500,000
Proceeds from promissory note – related party 5,000
Payments of offering costs (99,890)
Payments of offering costs (425,433)
Net cash provided by financing activities 276,479,677
Net Change in Cash 928,766
Cash - Beginning 0
Cash - Ending 928,766
Non-cash investing and financing activities:  
Offering costs included in accrued offering costs 48,965
Offering costs paid directly by Sponsor from proceeds of issuance of Class B ordinary shares 20,000
Offering costs paid through promissory note – related party 94,890
Initial classification of warrant liability 29,954,941
Initial classification of Class A ordinary shares subject to possible redemption 231,850,770
Change in value of Class A ordinary shares subject to possible redemption (5,276,510)
Deferred underwriting fee payable $ 9,625,000