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 income $ 139,435
Adjustments to reconcile net income to net cash used in operating activities:  
Offering costs attributable to warrant liabilities 645,069
Interest earned on marketable securities held in Trust Account (7,260)
Change in operating assets and liabilities:  
Increase in prepaid expenses (590,559)
Increase in accrued expenses 124,969
Net cash used in operating activities (802,013)
Cash flows from investing activities:  
Investment of cash into Trust account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash flows from financing activities  
Proceeds from sale of Class A common stock to public, net of underwriting discounts paid 338,100,000
Payment of offering costs (530,658)
Proceeds from promissory note 107,197
Repayment of promissory note (107,197)
Net cash provided by financing activities 346,469,342
Increase in cash 667,329
Cash at beginning of period 20,000
Cash at end of period 687,329
Supplemental disclosure of non-cash financing activities  
Deferred underwriting discount 12,075,000
Change in value of Class A common stock subject to possible redemption 1,555,840
Public Warrants  
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of derivative liability - public/private warrants (1,173,000)
Private Placement Warrants  
Adjustments to reconcile net income to net cash used in operating activities:  
Fair value of private warrant liability in excess of proceeds 771,333
Change in fair value of derivative liability - public/private warrants (712,000)
Cash flows from financing activities  
Proceeds from sale of Private Placement Warrants $ 8,900,000