Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.21.1
Statement of Cash Flows
 5 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (12,261,549)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (10,751)
Transaction costs 1,021,001
Excess of fair value of Private Placement Warrants 11,211,642
Changes in current assets and current liabilities:  
Prepaid expenses and other current assets (185,011)
Accounts payable 125,000
Due to related party 2,500
Net cash used in operating activities (97,168)
Cash Flows from Investing Activities:  
Purchase of investments held in Trust Account (166,232,863)
Net cash used in investing activities (166,232,863)
Cash Flows from Financing activities:  
Proceeds from Initial Public Offering, net of underwriter's fees 160,500,696
Proceeds from private placement 7,732,168
Proceeds from issuance of promissory note to related party 30,000
Repayment of promissory note to related party (30,000)
Payment of offering costs (607,453)
Net cash provided by financing activities 167,625,411
Net change in cash 1,295,380
Cash - Beginning 0
Cash - Ending 1,295,380
Supplemental Disclosure of Non-cash Financing Activities:  
Change is value of Class A ordinary shares subject to possible redemption (21,295)
Deferred underwriting commissions charged to additional paid-in capital 5,732,168
Initial classification of warrant liability 36,549,753
Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000
Ordinary shares redemption period one [Member]  
Supplemental Disclosure of Non-cash Financing Activities:  
Value of Class A ordinary shares subject to possible redemption 120,335,873
Ordinary shares redemption period two [Member]  
Supplemental Disclosure of Non-cash Financing Activities:  
Value of Class A ordinary shares subject to possible redemption $ 120,314,578