Registration of securities issued in business combination transactions

Condensed Consolidated Statement of Cash Flows

v3.21.2
Condensed Consolidated Statement of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ 40,606,478 $ (63,902,585)
Adjustments to reconcile net loss to net cash used in operating activities:    
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares   25,000
Unrealized gain on investments held in Trust Account (79,847) (171,366)
Change in fair value of derivative warrant liabilities (41,818,550) 61,680,150
Financing costs – derivative warrant liabilities   1,289,200
Changes in operating assets and liabilities:    
Prepaid expenses 81,360 (507,465)
Accounts payable 147,021 15,775
Accrued expenses 12,001 361,100
Due to related party (110) 44,697
Net cash used in operating activities (1,051,647) (1,165,494)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (690,000,000)
Cash withdrawn from Trust Account 230,000  
Net cash used in investing activities 230,000 (690,000,000)
Cash Flows from Financing Activities:    
Repayment of note payable to related party   (193,562)
Proceeds received from initial public offering, gross 690,000,000 690,000,000
Proceeds received from private placement   17,300,000
Offering costs paid   (14,246,265)
Net cash provided by financing activities   692,860,173
Net increase (decrease) in cash (821,647) 1,694,679
Cash - beginning of the period 1,694,679
Cash - ending of the period 873,032 1,694,679
Supplemental disclosure of noncash activities:    
Deferred legal fees   239,161
Change in value of Class A ordinary shares subject to possible redemption $ (44,317,850)  
Offering costs paid through note payable – related party   193,562
Deferred underwriting commissions in connection with the initial public offering   24,150,000
Initial value of common stock subject to possible redemption   625,164,780
Change in value of common stock subject to possible redemption   $ (62,540,050)