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v3.20.2

CONDENSED STATEMENT OF CASH FLOWS - USD ($) | 1 Months Ended | 2 Months Ended
--- | --- | ---
May 01, 2020 | Jun. 30, 2020
Cash Flows from Operating Activities: |  |
Net loss | $ 2,500 | $ (62,862)
Changes in operating assets and liabilities: |  |
Prepaid expenses |  | (25,297)
Accounts payable |  | 227,500
Accrued expenses | 2,500 | (207,500)
Franchise tax payable |  | 40,548
Net cash used in operating activities |  | (27,611)
Cash Flows from Investing Activities |  |
Cash deposited in Trust Account |  | (230,000,000)
Net cash used in investing activities |  | (230,000,000)
Cash Flows from Financing Activities: |  |
Proceeds from issuance of Class B common stock to Sponsor | 25,000 | 25,000
Proceeds received from note payable to related party |  | 75,000
Proceeds received from initial public offering, gross |  | 230,000,000
Proceeds received from private placement |  | 6,575,000
Offering costs paid |  | (4,907,692)
Net cash provided by financing activities | 25,000 | 231,767,308
Net change in cash | 25,000 | 1,739,697
Cash - end of the period | 25,000 | 1,739,697
Supplemental disclosure of noncash activities: |  |
Offering costs included in accrued expenses | $ 61,500 | 117,000
Offering costs included in accounts payable |  | 23,175
Deferred underwriting commissions in connection with the initial public offering |  | 8,050,000
Initial value of common stock subject to possible redemption |  | 218,439,270
Prepaid expenses included in accrued expenses |  | 207,500
Prepaid expenses included in accounts payable |  | $ 5,000

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