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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net (loss) income $ 2,965,368 $ (60,723,035)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,809,163) (1,671,038)
Change in fair value of warrant liability (3,052,800) 56,471,950
Transaction costs 988,242
Changes in operating assets and liabilities:    
Prepaid expenses (183,639) 108,997
Prepaid income taxes (477,437)
Accounts payable and accrued expenses 151,799 4,256,690
Franchise tax payable 148,543 (67,288)
Income taxes payable 317,902 (317,902)
Net cash used in operating activities (473,748) (2,419,063)
Cash Flows from Investing Activities:    
Investment of cash into Trust Account (350,000,000)
Cash withdrawn from Trust Account for franchise and income taxes 1,621,881
Net cash provided by (used in) investing activities (350,000,000) 1,621,881
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 343,900,000
Proceeds from sale of Private Units 8,100,000
Proceeds from promissory note – related party 275,000
Repayment of promissory note – related party (275,000)
Payment of offering costs (556,442)
Net cash provided by financing activities 351,468,558
Net Change in Cash 994,810 (797,182)
Cash – Beginning of period 994,810
Cash – End of period 994,810 197,628
Non-cash investing and financing activities:    
Initial classification of Class A common stock subject to possible redemption 309,314,540
Change in value of Class A common stock subject to possible redemption 3,957,670 (60,723,030)
Deferred underwriting fee payable $ 13,150,000