Annual report pursuant to Section 13 and 15(d)

Condensed Statement of Cash Flows

v3.20.1
Condensed Statement of Cash Flows
 12 Months Ended
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 3,932,144
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (4,254,861)
Unrealized gain on marketable securities held in Trust Account (28,164)
Changes in operating assets and liabilities:  
Prepaid expenses (65,714)
Accrued expenses 19,781
Net cash used in operating activities (396,814)
Cash Flows from Investing Activities:  
Security deposits (38,000)
Investment of cash in Trust Account (300,000,000)
Net cash used in investing activities (300,038,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 294,780,000
Proceeds from sale of Private Placement Warrants 6,750,000
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from promissory note - related party 274,178
Repayment of promissory note – related party (274,178)
Payment of offering costs (114,355)
Net cash provided by financing activities 301,440,645
Net Change in Cash 1,005,831
Cash - Beginning
Cash - Ending 1,005,831
Non-Cash Investing and Financing Activities:  
Initial classification of ordinary shares subject to possible redemption 285,145,870
Change in value of ordinary shares subject to possible redemption 3,946,910
Deferred underwriting fees $ 11,280,000