Quarterly report pursuant to Section 13 or 15(d)


5 Months Ended
Jun. 30, 2021
USD ($)
Cash Flows from Operating Activities:  
Net income $ 8,179,083
Adjustments to reconcile net income to net cash used in operating activities:  
Change in fair value of derivative warrant liabilities (9,414,000)
Offering costs associated with derivative liabilities 997,440
Income from investments held in Trust Account (7,897)
General and administrative expenses paid by related party in exchange for issuance of Class B ordinary shares 25,000
Changes in operating assets and liabilities:  
Prepaid expenses (22,016)
Accounts payable 723,584
Accrued expenses (581,885)
Net cash used in operating activities (100,691)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Repayment of promissory note to related party (89,890)
Proceeds received from initial public offering, gross 345,000,000
Proceeds received from private placement 8,900,000
Offering costs paid (6,901,114)
Net cash provided by financing activities 346,908,996
Net change in cash 1,808,305
Cash - beginning of the period 0
Cash - end of the period 1,808,305
Supplemental disclosure of noncash financing activities:  
Offering costs included in accounts payable 74,285
Offering costs included in accrued expenses 768,000
Offering costs paid by related party under promissory note 89,890
Deferred underwriting commissions 12,075,000
Initial value of Class A ordinary shares subject to possible redemption 328,971,630
Change in value of Class A ordinary shares subject to possible redemption $ (20,108,673)