Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.21.1
Statement of Cash Flows
6 Months Ended
Dec. 31, 2020
USD ($)
Cash flows from operating activities:  
Net loss $ (345,570)
Adjustments to reconcile net income to net cash used in operating activities:  
General and administrative expenses paid by related party under note payable 29,287
Interest earned on cash equivalents held in Trust Account (11,571)
Changes in assets and liabilities:  
Prepaid expenses (440,771)
Accounts payable 80,044
Accrued expenses 22,000
Franchise tax payable 104,159
Net cash used in operating activities (562,422)
Cash Flows from Investing Activities  
Cash deposited in Trust Account (414,000,000)
Net cash used in investing activities (414,000,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, gross 414,000,000
Proceeds received from private placement 6,140,000
Repayment of note payable to related party (171,450)
Offering costs paid (4,518,031)
Net cash provided by financing activities 415,450,519
Net change in cash 888,097
Cash - beginning of the period 0
Cash - end of the period 888,097
Supplemental disclosure of noncash activities:  
Offering costs included in accrued expenses 85,000
Offering costs paid through note payable 142,163
Common Class A [Member]  
Supplemental disclosure of noncash activities:  
Initial value of Class A common stock subject to possible redemption 410,347,250
Change in initial value of Class A common stock subject to possible redemption (298,020)
Common Class B [Member]  
Supplemental disclosure of noncash activities:  
Offering costs paid in exchange for issuance of Class common stock to Sponsor 18,750
Common Stock Class F [Member]  
Supplemental disclosure of noncash activities:  
Offering costs paid in exchange for issuance of Class common stock to Sponsor $ 6,250