Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

v3.21.1
STATEMENT OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended
Sep. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss   $ (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   1,705,000
Offering costs associated with derivative warrant liabilities $ 601,960 601,960
Net gain from investments held in Trust Account (9,978) (76,225)
Changes in operating assets and liabilities:    
Prepaid expenses   (314,351)
Accounts payable   30,360
Accrued expenses   24,847
Net cash used in operating activities (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 from note payable to related parties   65,000
Repayment of note payable to related parties   (162,854)
Proceeds received from initial public offering, gross   215,000,000
Proceeds received from private placement   6,300,000
Offering costs paid   (4,667,355)
Net cash provided by financing activities 216,459,791 216,534,791
Net change in cash 1,065,876 919,823
Cash - beginning of the period $ 0 0
Cash - ending of the period   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   $ (1,907,410)