Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 7 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net income $ 784,778 $ 127,718
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,261,596) (1,016,670)
Changes in operating assets and liabilities:    
Prepaid expenses (125,000) 75,000
Accounts payable and accrued expenses 136,694 22,253
Income taxes payable 208,612 (2,768)
Net cash used in operating activities (256,512) (794,467)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (275,000,000)  
Cash withdrawn from Trust Account to pay franchise and income taxes   334,927
Net cash provided by (used in) investing activities (275,000,000) 334,927
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 269,500,000  
Proceeds from Issuance of Warrants 7,500,000  
Proceeds from promissory notes - related party 231,366  
Repayment of promissory notes - related party (231,366)  
Payment of offering costs (437,880)  
Net cash provided by financing activities 276,562,120  
Net Change in Cash 1,305,608 (459,540)
Cash - Beginning 0 1,305,608
Cash - Ending 1,305,608 846,068
Supplemental cash flow information:    
Cash paid for income taxes   213,233
Non-cash investing and financing activities:    
Initial classification of Class A common stock subject to redemption 261,909,820  
Change in value of Class A common stock subject to possible redemption 786,070 $ 127,717
Deferred underwriting fee payable 9,625,000  
Offering costs paid directly by Sponsor in exchange for the issuance of Class B common stock to Sponsor $ 25,000