XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ (11,147) $ 2,646,138
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,775,617) (4,144,082)
Changes in operating assets and liabilities:    
Prepaid income taxes (34,141) (114,106)
Prepaid expenses 60,937 (126,084)
Accrued expenses (130,607) 153,297
Net cash used in operating activities (1,890,575) (1,584,837)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account 0 (305,573,220)
Cash withdrawn from Trust Account for franchise and income taxes 719,347 969,147
Net cash provided by (used in) investing activities 719,347 (304,604,073)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 0 299,461,755
Proceeds from sale of Private Placement Warrants 0 9,111,465
Repayment of advances from related party 0 (77,389)
Proceeds from promissory note - related party 0 79,500
Repayment of promissory note - related party 0 (400,000)
Payment of offering costs 0 (222,351)
Net cash provided by financing activities 0 307,952,980
Net Change in Cash (1,171,228) 1,764,070
Cash - Beginning of period 1,600,833 12,000
Cash - End of period 429,605 1,776,070
Supplemental cash flow information:    
Cash paid for income taxes 376,000 953,577
Non-cash investing and financing activities:    
Initial classification of common stock subject to possible redemption 0 292,267,800
Change in value of common stock subject to possible redemption (11,140) 2,648,251
Deferred underwriting fee payable 0 10,695,063
Payment of offering costs through promissory note and advances $ 0 $ 114,135