CONDENSED STATEMENT OF CASH FLOWS |
3 Months Ended |
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Mar. 31, 2021
USD ($)
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Cash Flows from Operating Activities: | |
Net loss | $ (51,352,965) |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | |
Change in fair value of warrants | 50,845,000 |
Interest earned on marketable securities held in Trust Account | (61,910) |
Unrealized gain on marketable securities held in Trust Account | (9,455) |
Changes in operating assets and liabilities: | |
Prepaid expenses | (13,909) |
Accrued expenses | 102,954 |
Net cash used in operating activities | (490,285) |
Cash Flows from Investing Activities: | |
Cash withdrawn from Trust Account to pay taxes | 22,292 |
Net cash used in investing activities | 22,292 |
Cash Flows from Financing Activities: | |
Net Change in Cash | (467,993) |
Cash - Beginning of period | 773,086 |
Cash - Ending of period | $ 305,093 |
X | ||||||||||
- Definition Amount of cash withdrawn from Trust Account to pay taxes. No definition available.
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- Definition Interest earned (expense) on marketable securities held in Trust Account. No definition available.
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- References No definition available.
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- Definition Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage. Excludes amount for disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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