Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.21.2
Statement of Cash Flows
5 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (20,061,109)
Adjustments to reconcile net loss to net cash used in operating activities:  
Payment of formation costs through issuance of Class B ordinary shares 5,000
Interest earned on marketable securities held in Trust Account (85,104)
Change in fair value of warrant liability 18,910,000
Transactions costs allocable to warrants 999,374
Changes in operating assets and liabilities:  
Prepaid expenses (578,413)
Accrued expenses 118,353
Net cash used in operating activities (691,899)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (400,000,000)
Net cash used in investing activities (400,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 392,725,000
Proceeds from sale of Private Placement Warrants 10,500,000
Proceeds from promissory note – related party 5
Repayment of promissory note – related party (171,395)
Payments of offering costs (700,626)
Net cash provided by financing activities 402,352,984
Net Change in Cash 1,661,085
Cash – Beginning 0
Cash – Ending 1,661,085
Non-Cash Investing and Financing Activities:  
Initial classification of Class A ordinary shares subject to possible redemption 356,167,970
Change in value of Class A ordinary shares subject to possible redemption (19,056,730)
Deferred underwriting fee payable 13,125,000
Common Class B [Member]  
Cash Flows from Operating Activities:  
Net loss 0
Non-Cash Investing and Financing Activities:  
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 20,000
Payment of offering costs through promissory note – related party 171,390
Class A Ordinary Shares Subject To Possible Redemption [Member]  
Non-Cash Investing and Financing Activities:  
Initial classification of Class A ordinary shares subject to possible redemption 356,167,970
Change in value of Class A ordinary shares subject to possible redemption $ (19,056,730)