XML 47 R7.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
STATEMENTS OF CASH FLOWS - USD ($)
11 Months Ended 12 Months Ended
Dec. 31, 2018
Dec. 31, 2019
Cash Flows from operating activities:    
Net income $ 1,913,035 $ 2,730,459
Adjustments to reconcile net income to net cash used in operating activities:    
Investment income earned on marketable securities held in Trust account (2,990,983) (5,033,038)
Deferred income taxes 102,777 (1,256)
Change in operating assets and liabilities:    
Decrease (increase) in prepaid expenses (85,938) 62,500
Decrease in accounts payable and accrued liabilities 276,462 48,224
(Decrease) increase in accrued income tax payable 572,869 (164,594)
Net cash used in operating activities (211,778) (2,357,705)
Cash flows from investing activities:    
Purchases of investments held in Trust account (466,922,021) (947,314,918)
Maturities of marketable securities held in Trust account 234,670,000 949,218,000
Net cash provided by (used in) investing activities (232,252,021) 1,903,082
Cash Flows from financing activities:    
Proceeds from issuance of common stock, net of offering costs 233,680,378  
Proceeds from note payable 120,000  
Payments on note payable (120,000)  
Net cash provided by financing activities 233,680,378  
Net (decrease) increase in cash and cash held in Trust account 1,216,579 (454,623)
Cash and cash held in Trust account - beginning of period   1,216,579
Cash and cash held in Trust account - end of period $ 1,216,579 $ 761,956