Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS (Unaudited)

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CONDENSED STATEMENT OF CASH FLOWS (Unaudited)
5 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 6,256,541
Adjustments to reconcile net income to net cash used in operating activities:  
Expensed offering costs 867,351
Interest income on investments held in Trust Account (3,184)
Loss on sale of private placement warrants 2,880,000
Change in fair value of warrant liabilities (10,240,000)
Changes in operating assets and liabilities:  
Prepaid expenses (247,941)
Accrued expenses 10,000
Due to related parties 129
Net cash used in operating activities (477,104)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from initial public offering, net of underwriters' discount paid 196,000,000
Proceeds from sale of private placement warrants 6,000,000
Offering costs paid (432,516)
Net cash provided by financing activities 201,592,484
Net Change in Cash 1,115,380
Cash - Beginning of Period 0
Cash - End of Period 1,115,380
Supplemental disclosure of noncash investing and financing activities:  
Class A ordinary shares subject to possible redemption 175,878,420
Initial classification of warrant liability 23,680,000
Deferred underwriting fee payable 7,000,000
Offering costs included in accrued offering costs 37,951
Forfeiture of Class B ordinary shares $ 75