Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

v3.20.4
STATEMENT OF CASH FLOWS
6 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,554,342)
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)
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 Class A ordinary shares subject to possible redemption 227,787,480
Change in value of Class A ordinary shares subject to possible redemption (1,539,252)
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