Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statement of Cash Flows

v3.21.1
Unaudited Condensed Statement of Cash Flows
3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 8,891,867
Adjustments to reconcile net income to net cash used in operating activities:  
Decrease in fair value of derivative warrant liabilities (9,116,670)
Net gain from investments held in Trust Account (12,876)
Changes in operating assets and liabilities:  
Prepaid expenses 5,928
Accounts payable 1,941
Accrued expenses (12,196)
Franchise tax payable (30,548)
Net cash used in operating activities (272,554)
Cash Flows from Investing Activities:  
Transfer in from Trust Account 12,749
Net cash provided by investing activities 12,749
Net change in cash (259,805)
Cash - beginning of the period 1,834,812
Cash - end of the period 1,575,007
Supplemental disclosure of non-cash financing activities:  
Increase in Class A common stock subject to possible redemption $ 8,891,860