Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v3.21.1
Statement of Cash Flows
 6 Months Ended
Dec. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (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 Accounts (171,366)
Change in fair value of derivative warrant liabilities 61,680,150
Financing costs – derivative warrant liabilities 1,289,200
Changes in operating assets and liabilities:  
Prepaid expenses (507,465)
Accounts payable 15,775
Accrued expenses 361,100
Due to related party 44,697
Net cash used in operating activities (1,165,494)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (690,000,000)
Net cash used in investing activities (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
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 in cash 1,694,679
Cash - beginning of the period 0
Cash - ending of the period 1,694,679
Supplemental disclosure of noncash investing and financing activities:  
Offering costs paid through note payable – related party 193,562
Deferred legal fees 239,161
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)