Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (unaudited)

v3.21.1
Condensed Statement of Cash Flows (unaudited) - USD ($)
 2 Months Ended 3 Months Ended
Mar. 31, 2020
Mar. 31, 2021
Cash flows from operating activities:    
Net loss $ (2,000) $ (4,082,000)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Income earned on the Trust Account (19,000)
Change in fair value of warrant liability 2,646,000
Changes in operating assets and liabilities:    
Increase in prepaid expenses and other assets (9,000)
Increase in accounts payable and accrued liabilities 12,000 749,000
Increase in accrued income and franchise taxes and rounding (34,000)
Net cash (used in) provided by operating activities 10,000 (749,000)
Cash flows from investing activities: Cash deposited in Trust Account
Cash flows from financing activities:    
Proceeds from sale of stock to Sponsor 25,000
Proceeds from Note payable to Sponsor 7,000
Payment of offering costs (42,000)
Net cash provided by financing activities (10,000)
Net increase in cash (749,000)
Cash at beginning of period 1,328,000
Cash at end of period 579,000
Supplemental disclosure of non-cash financing activities:    
Offering costs included in accounts payable and accrued liabilities 10,000
Change in value of Class A common stock subject to redemption $ 4,082,000