Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS
 6 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (1,241,490)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on investments held in Trust Account (34,501)
Change in fair value of warrant liabilities 386,000
Transaction costs allocable to warrants 649,349
Changes in operating assets and liabilities:  
Prepaid expenses (670,135)
Accrued expenses 33,907
Net cash used in operating activities (876,870)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 338,100,000
Proceeds from sale of Private Placement Warrants 11,700,000
Repayment of promissory note - related party (89,890)
Payment of offering costs (424,432)
Net cash provided by financing activities 349,285,678
Net Change in Cash 3,408,808
Cash - Beginning of period 0
Cash - End of period 3,408,808
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 16,999
Offering costs paid through promissory note 37,640
Initial classification of Class A ordinary shares subject to possible redemption 313,273,580
Change in value of Class A ordinary shares subject to possible redemption (592,140)
Deferred underwriting fee payable $ 12,075,000