XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Jun. 30, 2019
USD ($)
Cash flows from operating activities:  
Net Income $ 2,754,826
Changes in state franchise tax accrual 98,569
Changes in prepaid assets (250,891)
Changes in deferred offering costs 437,375
Changes in accrued expenses, formation and offering costs (306,365)
Changes in current income tax 27,050
Changes in deferred income tax 359,203
Net cash provided by operating activities 3,119,767
Cash flows from investing activities:  
Cash deposited in Trust Account (400,000,000)
Interest reinvested in Trust Account (3,886,144)
Net cash used in investing activities (403,886,144)
Cash flows from financing activities:  
Proceeds from sale of Units in initial public offering 400,000,000
Proceeds from sale of Private Placement Warrants to Sponsor 10,000,000
Repayment of notes and advances payable – related party (150,000)
Payment of underwriters’ discounts and commissions (8,000,000)
Payment of accrued offering costs (865,105)
Net cash provided by financing activities 400,984,895
Increase in cash 218,518
Cash at beginning of period 52,489
Cash at end of period 271,007
Supplemental disclosure of non-cash financing activities:  
Deferred underwriting compensation 14,000,000
Accrued expenses, formation and offering costs 20,053
Cash paid for income and state franchise taxes $ 342,729