Registration of securities issued in business combination transactions

STATEMENT OF CASH FLOWS

v3.21.1
STATEMENT OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:      
Net loss $ (6,878,504)   $ (2,611,559)
Adjustments to reconcile net loss to net cash used in operating activities:      
General and administrative expenses paid by related party under note payable     25,000
Change in fair value of derivative warrant liabilities 4,774,000   1,705,000
Offering costs associated with derivative warrant liabilities 601,960 $ 601,960 601,960
Net gain from investments held in Trust Account (19,881) (9,978) (76,225)
Changes in operating assets and liabilities:      
Prepaid expenses (4,221)   (314,351)
Accounts payable (99,827)   30,360
Accrued expenses 1,786,896   24,847
Net cash used in operating activities (441,537) (393,915) (614,968)
Cash Flows from Investing Activities:      
Cash deposited in Trust Account     (215,000,000)
Net cash used in investing activities   (215,000,000) (215,000,000)
Cash Flows from Financing Activities:      
Proceeds received from initial public offering, gross     215,000,000
Proceeds received from private placement     6,300,000
Net cash provided by financing activities   216,459,791 216,534,791
Net change in cash (441,537) 1,065,876 919,823
Cash - beginning of the period 919,823 $ 0 0
Cash - ending of the period 478,286   919,823
Supplemental disclosure of non-cash investing and financing activities:      
Offering costs paid in exchange for issuance of Class B ordinary shares to Sponsor     25,000
Offering costs included in accounts payable     85,000
Offering costs included in note payable - related party     72,854
Deferred underwriting commissions     7,525,000
Initial value of Class A Ordinary shares subject to possible redemption     187,650,100
Change in value of Class A ordinary shares subject to possible redemption $ (6,878,510)   $ (1,907,410)