Registration of securities issued in business combination transactions

STATEMENT OF CASH FLOWS

v3.21.1
STATEMENT OF CASH FLOWS
6 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,658,775)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 15,092
Interest earned on marketable securities held in Trust Account (49,590)
Change in fair value of warrant liability (406,549)
Allocation of initial public offering costs to warrant liability 510,982
Unrealized loss on marketable securities held in Trust Account 785
Changes in operating assets and liabilities:  
Prepaid expenses (608,945)
Accrued expenses 1,112,155
Net cash used in operating activities (1,084,845)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (239,746,320)
Net cash used in investing activities (239,746,320)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 234,951,394
Proceeds from sale of Private Placement Warrants 6,794,926
Proceeds from promissory note - related party 100,349
Repayment of promissory note - related party (100,349)
Payment of offering costs (195,229)
Net cash provided by financing activities 241,551,091
Net Change in Cash 719,926
Cash - Beginning 0
Cash - Ending 719,926
Non-Cash Investing and Financing Activities:  
Initial classification of ordinary shares subject to possible redemption 215,057,051
Change in value of common stock subject to possible redemption (2,081,607)
Initial classification of warrant liability 13,679,333
Deferred underwriting fee payable 8,391,121
Offering costs paid directly by Sponsor from proceeds from issuance of Class B ordinary shares 9,908
Offering costs included in accrued offering costs $ 372,483