Registration of securities issued in business combination transactions

Condensed Consolidated Statement of Cash Flows

v3.21.2
Condensed Consolidated Statement of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended
Dec. 31, 2020
Jun. 30, 2021
Cash Flows from Operating Activities:    
Net loss $ (18,620) $ (5,829,716)
Change in fair value of derivative warrant liabilities   3,753,970
Financing costs - derivative warrant liabilities   1,111,480
Unrealized gain on investments held in Trust Account   (43,775)
Changes in operating assets and liabilities:    
Prepaid expenses 18,620 (1,318,225)
Accounts payable   27,964
Accrued expenses   53,396
Due to related party   497,675
Net cash used in operating activities 0 (1,747,231)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (977,500,000)
Net cash used in investing activities   (977,500,000)
Cash Flows from Financing Activities:    
Repayment of note payable to related party   (295,179)
Proceeds received from initial public offering, gross   977,500,000
Proceeds received from private placement   22,250,000
Offering costs paid   (19,706,097)
Net cash provided by financing activities   979,748,724
Net increase in cash 0 501,493
Cash - beginning of the period 0 0
Cash - end of the period 0 501,493
Supplemental disclosure of noncash investing and financing activities:    
Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares 25,000  
Offering costs included in accounts payable 33,033  
Offering costs included in accrued expenses $ 23,450 236,816
Offering costs paid by related party under promissory note   295,179
Deferred legal fees   18,182
Deferred underwriting commissions   34,212,500
Value of Class A ordinary shares subject to possible redemption   905,037,840
Change in value of Class A ordinary shares subject to possible redemption   $ (1,056,480)