XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Statement of Cash Flows (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 14 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ 1,953,936 $ 1,745,005 $ 1,066,729 $ (450) $ 3,698,941 $ 1,066,279  
Adjustments to reconcile net income to net cash used in operating activities:              
Investment income earned on cash equivalents held in Trust Account (2,592,502)   (1,484,040)   (5,027,471) (1,484,040)  
Changes in operating assets and liabilities:              
Prepaid expenses         3,023 (15,164)  
Accrued expenses         5,246 39,682  
Accrued taxes         (243,371) 355,000  
Net cash used in operating activities         (1,563,632) (38,243)  
CASH FLOWS FROM INVESTING ACTIVITIES              
Investment of cash in Trust Account         (414,000,000)  
Cash released from Trust Account         1,407,712  
Net cash provided by (used in) investing activities         1,407,712 (414,000,000)  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from public offering of Units         414,000,000  
Proceeds from sale of Private Placement Warrants         10,280,000  
Proceeds from promissory note from sponsor         200,000  
Payment of promissory note from sponsor         (200,000)  
Payment of underwriting commissions         (8,280,000)  
Payment of offering costs (excluding related parties)         (1,192,422)  
Payment to related party for offering costs paid on behalf of the Company         (34,160)  
Net cash provided by financing activities         414,773,418  
NET CHANGE IN CASH         (155,920) 735,175  
Cash, beginning of period   $ 734,894   $ 25,000 734,894 25,000  
Cash, end of period $ 578,974   $ 760,175   578,974 760,175 $ 578,974
Supplemental disclosure of investing activities:              
Cash paid for franchise taxes         202,712  
Cash paid for income taxes         1,165,000 $ 2,135,000
Supplemental disclosure of financing activities:              
Common stock subject to redemption         $ 410,858,810