Quarterly report pursuant to Section 13 or 15(d)

BALANCE SHEETS

v3.21.1
BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 482,585 $ 849,909
Prepaid expenses 70,849 10,833
Total current assets 553,434 860,742
Investments held in Trust Account 293,322,399 293,315,407
Total assets 293,875,833 294,176,149
Current liabilities:    
Accounts payable 9,920,729 916,939
Accrued expenses 607,100 779,411
Total current liabilities 10,527,829 1,696,350
Warrant liability 25,408,750 35,351,250
Deferred underwriting commissions 9,187,500 9,187,500
Total liabilities 45,124,079 46,235,100
Commitments and contingencies (Note 5)
Ordinary shares, $0.0001 par value; 28,750,000 shares subject to possible redemption at $10.00 per share at March 31, 2021 and December 31, 2020 287,500,000 287,500,000
Shareholders' Equity:    
Preference shares, $0.0001 par value; 2,000,000 shares authorized; none issued and outstanding 0 0
Ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 7,187,500 shares issued and outstanding (excluding 28,750,000 shares subject to possible redemption) at $10.00 per share at March 31, 2021 and December 31, 2020 719 719
Accumulated deficit (38,748,965) (39,559,670)
Total shareholders' equity (38,748,246) (39,558,951)
Total Liabilities and Shareholders' Equity $ 293,875,833 $ 294,176,149