Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS
 3 Months Ended
Mar. 31, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 4,526,692
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (6,966)
Change in fair value of warrant liability (5,211,000)
Transaction costs allocable to warrants 649,349
Changes in operating assets and liabilities:  
Prepaid expenses (705,724)
Accrued expenses 3,907
Net cash used in operating activities (743,742)
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 (124,432)
Net cash provided by financing activities 349,585,678
Net Change in Cash 3,841,936
Cash - Beginning of period 0
Cash - End of period 3,841,936
Non-cash investing and financing activities:  
Offering costs included in accrued offering costs 316,999
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 5,176,040
Deferred underwriting fee payable $ 12,075,000