Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

v3.21.1
STATEMENT OF CASH FLOWS
 7 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (8,871,171)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (7,324)
Change in fair value of Warrants 7,257,000
Transaction costs attributable to Warrants 580,529
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (279,762)
Accounts payable and accrued expenses 899,254
Net cash used in operating activities (421,474)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 225,400,000
Proceeds from sale of Private Placement Warrants 6,600,000
Proceeds from promissory note – related party 119,156
Repayment of promissory note – related party (119,156)
Payment of offering costs (280,101)
Net cash provided by financing activities 231,744,899
Net Change in Cash 1,323,425
Cash – Beginning of period 0
Cash – End of period 1,323,425
Non-Cash investing and financing activities:  
Initial measurement of warrants issued in connection with initial public offering accounted for as a liability 16,109,000
Deferred underwriting fee payable 8,050,000
Offering costs included in accrued offering costs 126,844
Class A Common Stock  
Non-Cash investing and financing activities:  
Initial classification of Class A common stock subject to possible redemption 202,458,400
Change in value of Class A common stock subject to possible redemption $ (8,289,990)