Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS
 3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 3,598,716
Adjustment to reconcile net income to net cash used in operating activities:  
Income from investments held in Trust Account (788)
Change in fair value of derivative warrant liabilities (4,432,500)
Transaction costs - derivative warrant liabilities 590,295
Changes in operating assets and liabilities:  
Prepaid expenses (382,224)
Accounts payable (19,398)
Accrued expenses 38,299
Accrued expenses - related party 20,000
Net cash used in operating activities (587,600)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (287,500,000)
Net cash used in investing activities (287,500,000)
Cash Flows from Financing Activities:  
Payment of note payable to related party (78,625)
Proceeds received from initial public offering, gross 287,500,000
Proceeds received from private placement 8,000,000
Offering costs paid (6,134,897)
Net cash provided by financing activities 289,286,478
Net change in cash 1,198,878
Cash - end of the period 1,198,878
Non-cash investing and financing activities:  
Deferred offering costs included in accounts payable 20,600
Deferred offering costs included in accrued expenses 75,000
Deferred offering costs included in note payable 35,000
Reversal of offering costs included in accrued expenses in prior year 60,000
Deferred underwriting commissions 10,062,500
Initial value of Class A ordinary shares subject to possible redemption 263,442,510
Change in value of common stock subject to possible redemption $ 4,222,750