Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
4 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net income (loss) $ (1,620,103) $ 28,947,974
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Change in fair value of derivative warrant liabilities 1,066,689 (30,002,310)
Interest earned on marketable securities held in Trust Account (72,356)
Expenses allocated to operations from offering costs related to derivative warrant liability 551,352
Changes in operating assets and liabilities:    
Prepaid expenses (28,116) 16,440
Accrued expenses 31,358
Net cash used in operating activities (30,178) (1,078,894)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (350,000,000)
Cash withdrawn from Trust Account to pay franchise and income taxes   172,092
Net cash provided by (used in) investing activities (350,000,000) 172,092
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 343,900,000
Proceeds from sale of Private Placement Warrants 8,100,000
Due from related party   (30,000)
Proceeds from promissory note – related party 32,378
Repayment of promissory note – related party (186,165)
Payments of offering costs (405,252)
Net cash provided by (used in) financing activities 351,440,961 (30,000)
Net Change in Cash 1,410,783 (936,802)
Cash – Beginning of the period 950,537
Cash – End of the period 1,410,783 13,735
Non-Cash Financing Activities:    
Change in value of Class A common stock subject to possible redemption 28,947,970
Initial classification of common stock subject to possible redemption 304,405,301
Deferred offering costs paid directly by Sponsor in consideration for the issuance of Class B common stock 25,000
Deferred offering costs paid through promissory note – related party 153,787
Deferred underwriting fee payable $ 13,150,000