Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net (loss) income $ (12,870,990) $ 6,442,454
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Change in fair value of warrant liability 10,721,500 (5,393,500)
Interest income earned on marketable securities held in Trust Account (47,155) (1,207,866)
Unrealized gain on marketable securities held in Trust Account (4,987) (378,250)
Deferred income tax provision   80,793
Changes in operating assets and liabilities:    
Prepaid expenses 26,257 (30,985)
Accounts payable and accrued expenses 1,907,017 (52,712)
Income taxes payable   198,043
Net cash used in operating activities (268,358) (342,023)
Cash Flows from Investing Activities:    
Interest withdrawn for tax payments 40,050 115,392
Net cash provided by investing activities 40,050 115,392
Net Change in Cash (228,308) (226,631)
Cash – Beginning 399,516 1,083,611
Cash – Ending 171,208 856,980
Non-cash investing and financing activities:    
Change in value of Class A common stock subject to possible redemption $ 53,430,749 $ 6,442,449