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 $ (7,140,177)
Adjustments to reconcile net loss to net cash used in operating activities:  
Income from investments held in Trust Account (9,680)
Change in fair value of derivative warrant liabilities 5,783,400
Financing cost - derivative warrant liabilities 821,170
Changes in operating assets and liabilities:  
Prepaid expenses (462,323)
Accounts payable 4,429
Accounts payable - related party 75,000
Accrued expenses 53,677
Net cash used in operating activities (874,504)
Cash Flows from Investing Activities:  
Principal 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 from private placement 10,280,000
Repayment of notes payable to related party (185,116)
Offering costs paid (8,715,098)
Net cash provided by financing activities 415,379,786
Net change in cash 505,282
Cash - beginning of the period 6,410
Cash - end of the period 511,692
Supplemental disclosure of noncash investing and financing activities:  
Offering costs included in accrued expenses 85,000
Offering costs included in notes payable 45,167
Deferred underwriting commissions in connection with the initial public offering 14,490,000
Initial value of Class A ordinary shares subject to possible redemption 374,284,560
Change in value of Class A ordinary shares subject to possible redemption $ (6,163,750)