XML 38 R6.htm IDEA: XBRL DOCUMENT v3.20.2
STATEMENT OF CASH FLOWS
5 Months Ended
Jun. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (321,841)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest income from investments held in Trust Account (36,875)
Changes in operating assets and liabilities:  
Prepaid expenses (450,706)
Accounts payable and accrued expenses 333,642
Franchise tax payable 86,814
Net cash used in operating activities (388,966)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class F common stock to the Sponsor 25,000
Proceeds received under loan from the Sponsor 211,382
Repayment of loan from the Sponsor (211,382)
Proceeds received from initial public offering, net of underwriting commission 338,100,000
Payment of offering costs (205,882)
Proceeds received from private placement 8,900,000
Net cash provided by financing activities 346,819,118
Net change in cash 1,430,152
Cash - beginning of the period 0
Cash - end of the period 1,430,152
Supplemental disclosure of non-cash financing activities:  
Offering costs included in accounts payable and accrued expenses 651,186
Deferred underwriting commissions in connection with the initial public offering 12,075,000
Value of Class A common stock subject to possible redemption $ 328,771,090