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Statement of Cash Flows
5 Months Ended
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 292,962
Adjustments to reconcile net income to net cash used in operating activities:  
Formation cost paid through advances from related party 1,000
Interest earned on marketable securities held in Trust Account (567,358)
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (104,022)
Accounts payable and accrued expenses 118,805
Income taxes payable 102,450
Net cash used in operating activities (156,163)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (250,000,000)
Net cash used in investing activities (250,000,000)
Cash Flows from Financing Activities  
Proceeds from sale of Units, net of underwriting discounts paid 245,600,000
Proceeds from sale of Placement Units 6,650,000
Proceeds from promissory note - related party 11,000
Repayment of promissory note - related party (282,244)
Repayment of advances (230,350)
Payment of offering costs (14,168)
Net cash provided by financing activities 251,734,238
Net Change in Cash 1,578,075
Cash - Beginning of period
Cash - End of period 1,578,075
Supplemental Disclosure of Non-Cash Investing and Financing Activities:  
Initial classification of common stock subject to possible redemption 237,406,230
Change in value of common stock subject to possible redemption 293,960
Payment of offering costs through promissory note and advances 478,594
Deferred offering costs paid directly by stockholder in exchange for the issuance of Class B common stock to stockholder 25,000
Deferred underwriting fee payable 9,350,000
Prepaid expenses paid through advances from related party $ 22,000