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Condensed Statements of Cash Flows (Unaudited)
6 Months Ended
Jun. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,019,945
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (1,410,903)
Unrealized gain on marketable securities held in Trust Account (331,245)
Deferred tax benefit 69,561
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (75,963)
Accrued expenses 207,683
Income taxes payable 201,563
Net cash used in operating activities (319,359)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (241,500,000)
Net cash used in investing activities (241,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 236,670,000
Proceeds from sale of Private Units 6,180,000
Proceeds from promissory note – related party 43,340
Repayment of promissory note – related party (124,148)
Payment of offering costs (373,516)
Net cash provided by financing activities 242,395,676
Net Change in Cash 576,317
Cash – Beginning of period
Cash – End of period 576,317
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 237,394,700
Change in value of common stock subject to possible redemption $ (1,019,941)