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Statement of Cash Flows
5 Months Ended
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 32,110
Adjustments to reconcile net income to net cash used in operating activities:  
Investment income from investments held in Trust Account (238,705)
Changes in operating assets and liabilities:  
Prepaid expenses (217,566)
Accounts payable 23,250
Accrued expenses 1,711
Franchise tax payable 83,836
Income tax payable 32,523
Net cash used in operating activities (282,841)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (172,500,000)
Net cash used in investing activities (172,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Class B common stock to Sponsor 25,000
Proceeds from note payable to related party 150,000
Repayment of note payable to related party (225,000)
Proceeds received from initial public offering, gross 172,500,000
Proceeds received from sale of private placement warrants 5,700,000
Offering costs paid (3,954,258)
Net cash provided by financing activities 174,195,742
Net increase in cash 1,412,901
Cash - beginning of the period
Cash - end of the period 1,412,901
Supplemental disclosure of noncash investing and financing activities:  
Deferred underwriting commissions associated with the initial public offering 6,037,500
Offering cost included note payable to related party 75,000
Offering cost included in accounts payable 4,500
Offering cost included in accrued expenses 25,000
Value of common stock subject to possible redemption $ 163,160,850