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 $ 58,558
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (1,238)
Change in fair value of warrant liability (426,666)
Transaction costs associated with derivative warrant liability 292,920
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (666,125)
Accrued expenses 73,000
Net cash used in operating activities (669,551)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 196,000,000
Proceeds from sale of Private Placement Warrants 6,000,000
Proceeds from promissory note – related party 62,118
Payment of offering costs (403,979)
Net cash provided by financing activities 201,658,139
Net Increase in Cash 988,588
Cash – End of period 988,588
Non-Cash investing and financing activities:  
Offering costs included in accrued offering costs 32,450
Deferred offering costs paid directly by Sponsor in exchange for the issuance of Class B common stock 25,000
Initial classification of common stock subject to possible redemption 181,561,590
Change in value of common stock subject to possible redemption 353,456
Deferred underwriting fee payable $ 7,000,000