Registration of securities issued in business combination transactions

Statement of Cash Flows

v3.21.2
Statement of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ (2,223,991) $ (18,620)
Change in fair value of derivative warrant liabilities 912,840  
Financing costs - derivative warrant liabilities 1,111,480  
Unrealized gain on investments held in Trust Account (8,835)  
Changes in operating assets and liabilities:    
Prepaid expenses (1,499,616) 18,620
Accounts payable 3,201  
Accrued expenses 18,984  
Due to related party 89,204  
Net cash used in operating activities (1,596,733)  
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 (19,600,514)  
Net cash provided by financing activities 979,854,307  
Net increase in cash 757,574  
Cash - beginning of the period 0  
Cash - end of the period 757,574 0
Supplemental disclosure of noncash investing and financing activities:    
Offering costs included in accounts payable 11,300  
Prepaid expenses paid by Sponsor in exchange for issuance of Class B ordinary shares   25,000
Deferred offering costs included in accrued expenses 307,649 33,033
Offering costs paid by related party under promissory note 295,179  
Deferred offering costs included in accounts payable   $ 23,450
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)