XML 23 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Statement of Cash Flows
3 Months Ended
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 31,091
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (140,370)
Changes in operating assets and liabilities:  
Accounts payable and accrued expenses 90,753
Income taxes payable 17,500
Net cash used in operating activities (1,026)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (258,750,000)
Net cash used in investing activities (258,750,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 27,500
Proceeds from sale of Units, net of underwriting discounts paid 253,575,000
Proceeds from sale of Placement Warrants 7,175,000
Proceeds from promissory note - related party 156,000
Repayment of promissory note - related party (181,000)
Payment of offering costs (415,144)
Net cash provided by financing activities 260,337,356
Net Change in Cash 1,586,330
Cash - Beginning
Cash - Ending 1,586,330
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 246,240,010
Change in value of common stock subject to possible redemption 32,180
Offering costs included in accrued offering costs 40,000
Payment of offering costs through promissory note - related party $ 25,000