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Cash and Marketable Securities Held in Trust Account
6 Months Ended
Jun. 30, 2020
Assets Held-in-trust [Abstract]  
Cash and Marketable Securities Held in Trust Account

Note 6 — Cash and Marketable Securities Held in Trust Account

 

As of June 30, 2020, investment securities in the Company's Trust Account consisted of $3,422 in money market fund and $57,803,354 in United States Treasury Bills maturing on August 6, 2020 with a cost basis of $57,496,581. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320 "Investments – Debt and Equity Securities". Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheet and adjusted for the amortization or accretion of premiums or discounts.