Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows

v3.21.2
Condensed Statement of Cash Flows
9 Months Ended
Sep. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (566,757)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000
Income from investments held in Trust Account (18,028)
Changes in operating assets and liabilities:  
Prepaid expenses (497,636)
Accounts payable 20,715
Accrued expenses 85,987
Net cash used in operating activities (950,719)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (214,375,000)
Net cash used in investing activities (214,375,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (80,693)
Proceeds received from initial public offering, gross 214,375,000
Proceeds received from private placement 6,287,500
Offering costs paid, net of reimbursement from underwriter (4,197,879)
Net cash provided by financing activities 216,383,928
Net change in cash 1,058,209
Cash - beginning of the period 0
Cash - end of the period 1,058,209
Supplemental disclosure of non-cash investing and financing activities:  
Offering costs included in accrued expenses 85,000
Payment of offering costs through note payable 80,693
Deferred underwriting commissions in connection with the initial public offering $ 7,503,125