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Commitments and Contingencies
1 Months Ended
Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Note 6—Commitments and Contingencies


Registration and Shareholder Rights 



The holders of the Founder Shares, Private Placement Warrants, and warrants that may be issued upon conversion of Working Capital Loans (and underlying shares) will be entitled to registration rights pursuant to a registration and shareholder rights agreement. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.


Underwriting Agreement 


The Company granted the underwriters a 45-day option from the date of the final prospectus to purchase up to 2,625,000 additional Units at the Initial Public Offering price less the underwriting discounts and commissions. As of September 30, 2020, the over-allotment option had not been exercised. The over-allotment option expired unexercised.


The underwriters are entitled to an underwriting discount of $0.20 per unit, or $3.5 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or approximately $6.1 million in the aggregate (will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.


The underwriters will be entitled to an additional fee of $0.5 million upon closing of the underwriters’ over-allotment option and approximately $0.9 million in deferred underwriting commissions if the over-allotment option is exercised in full. The over-allotment option expired unexercised.