XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED STATEMENT OF CASH FLOW
3 Months Ended
Sep. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (84,593)
Changes in operating assets and liabilities:  
Prepaid expenses (242,500)
Other long-term assets (229,028)
Accounts payable 82,505
Net cash used in operating activities (473,616)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (402,500,000)
Net cash used in investing activities (402,500,000)
Cash Flows from Financing Activities:  
Proceeds received from initial public offering, net of underwriting discounts and offering costs 393,689,968
Proceeds received from private placement 10,050,000
Proceeds from promissory note - related party 200,000
Repayment of promissory note - related party (200,000)
Net cash provided by financing activities 403,764,968
Net Change in Cash 791,352
Cash - beginning of the period 0
Cash - end of the period 791,352
Non-cash investing and financing activities:  
Offering costs included in accounts payable 16,345
Deferred offering costs paid in exchange for issuance of ordinary shares to Sponsor 25,000
Deferred underwriting commissions in connection with the initial public offering 14,087,500
Initial classification of Class A ordinary shares subject to possible redemption 384,671,820
Change in value of Class A ordinary shares subject to possible redemption (78,946)
Class B ordinary shares  
Cash Flows from Financing Activities:  
Proceeds from issuance of ordinary shares to Sponsor 6,481
Class L ordinary shares  
Cash Flows from Financing Activities:  
Proceeds from issuance of ordinary shares to Sponsor $ 18,519