XML 65 R45.htm IDEA: XBRL DOCUMENT
v3.20.2

Organization and Plan of Business Operations (Details) - USD ($) |  |  | 1 Months Ended | 2 Months Ended | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | --- | --- | ---
Apr. 30, 2020 | Jan. 21, 2020 | Apr. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2020 | Sep. 30, 2020 | Oct. 17, 2019
Period to consummate business combination |  |  |  | 24 months |  |  |
Units issue price (in dollars per share) |  |  |  | $ 10.00 |  |  |
Gross proceeds from initial public offering | $ 414,000,000 |  |  |  |  |  |
Proceeds from sale of Private Placement Warrants |  |  |  |  |  | $ 9,200,000 |
Transaction costs | 22,196,558 |  |  |  |  |  |
Underwriting fees | 7,200,000 |  |  |  |  |  |
Deferred underwriting fees | 14,490,000 |  | $ 14,490,000 |  |  |  |
Other offering costs | $ 506,558 |  |  |  |  |  |
Cash available for working capital purposes |  |  |  |  |  | 250,461 |
Cash held in trust account |  |  |  |  |  | $ 414,042,207 |
Maturity term of U.S. government securities | 185 days |  |  | 185 days |  |  |
Redemption of shares by Public Shareholders, Number of days considered | 2 |  |  |  |  |  |
Minimum Net Tangible Assets To Complete Business Combination | $ 5,000,001 |  | $ 5,000,001 | $ 5,000,001 |  |  |
Percentage of aggregate common shares that may not be redeemed without prior consent | 15.00% |  |  |  |  |  |
Percentage of public shares required to be redeemed if business combination is not completed within specified period | 100.00% |  |  | 100.00% |  |  |
Number of business days after which the public shares are to be redeemed if business combination is not completed within specified period | 10 |  |  |  |  |  |
Maximum interest earned to be used to pay dissolution expenses | $ 100,000 |  |  | $ 100,000 |  |  |
Full pro rata interest per share receivable by the Public Shareholders, in the event of liquidation (in dollars per share) | $ 10.00 |  |  | $ 10.00 |  |  |
Reduction in the amount of funds held in trust account (in dollars per share) | $ 10.00 |  |  | $ 10.00 |  |  |
Class of Warrant or Right, Numbers Issued |  |  |  |  | 6,133,333 |  |
Common Stock, Shares, Issued |  |  |  | 1 |  |  |
Share Price |  |  |  | $ 9.20 |  | $ 9.20 |
Cash |  |  |  | $ 0 |  | $ 250,461 | $ 0
Working capital deficit |  |  |  | $ 74,304 |  | $ 4,866,591 |
Subsequent Events | Sponsor |  |  |  |  |  |  |
Units issued (in shares) |  | 8,625,000 |  |  |  |  |
Initial Public Offering |  |  |  |  |  |  |
Sale of Stock, Number of Shares Issued in Transaction |  |  |  | 36,000,000 |  |  |
Sale of stock, price per share |  |  |  | $ 10.00 |  |  |
Units issued (in shares) | 41,400,000 |  | 41,400,000 |  |  |  |
Units issue price (in dollars per share) | $ 10.00 |  | $ 10.00 |  |  |  |
Over-allotment option |  |  |  |  |  |  |
Sale of Stock, Number of Shares Issued in Transaction |  |  |  | 41,400,000 |  |  |
Units issued (in shares) | 5,400,000 |  | 5,400,000 |  |  |  |
Private placement | Sponsor |  |  |  |  |  |  |
Number of warrants issued | 6,133,333 |  | 6,133,333 | 6,133,333 |  |  |
Issue price of warrants (in dollars per share) | $ 1.50 |  | $ 1.50 | $ 1.50 |  |  |
Proceeds from sale of Private Placement Warrants | $ 9,200,000 |  | $ 9,200,000 | $ 9,200,000 |  |  |
Common Class A |  |  |  |  |  |  |
Ordinary share, par value |  |  |  | $ 0.0001 |  | $ 0.0001 |
Common Stock, Shares, Issued |  |  |  | 0 |  | 2,435,411 |
Common Stock, Shares, Outstanding |  |  |  | 0 |  | 2,435,411 |
Common Class A | Sponsor |  |  |  |  |  |  |
Sale of stock, price per share |  |  |  | $ 12.00 |  |  |
Common Class A | Initial Public Offering |  |  |  |  |  |  |
Number of common stocks included in each unit | 1 |  | 1 |  |  |  |
Common Class B |  |  |  |  |  |  |
Ordinary share, par value |  |  |  | $ 0.0001 |  | $ 0.0001 |
Common Stock, Shares, Issued |  |  |  | 1 |  | 10,350,000 |
Common Stock, Shares, Outstanding |  |  |  | 1 |  | 10,350,000 |

X
- Definition Amount of cash available for working capital purposes. + References No definition available. + Details
Name: | ipob_CashAvailableForWorkingCapitalPurposes
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Per unit price at which the warrants were issued by the company. + References No definition available. + Details
Name: | ipob_ClassOfWarrantOrRightIssuePriceOfWarrantsOrRights
Namespace Prefix: | ipob_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition The number of class of warrant or right issued during the period under Private Placement. + References No definition available. + Details
Name: | ipob_ClassOfWarrantOrRightNumbersIssued
Namespace Prefix: | ipob_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Full pro rata interest per share in the trust account receivable by the public shareholders, in the event of liquidation. + References No definition available. + Details
Name: | ipob_FullProRataInterestPerShareReceivableByPublicShareholdersInEventOfLiquidation
Namespace Prefix: | ipob_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum maturity term of investments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | ipob_InvestmentsMaximumMaturityTerm
Namespace Prefix: | ipob_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Maximum interest earned on funds held in trust account to be used to pay dissolution expenses. + References No definition available. + Details
Name: | ipob_MaximumInterestEarnedOnFundsHeldInTrustAccountToPayDissolutionExpenses
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Maximum reduction in amounts held in trust account, per public share, exceeding which will trigger the Sponsor to be liable to the company. + References No definition available. + Details
Name: | ipob_MaximumReductionInAmountsHeldInTrustAccountPerPublicShare
Namespace Prefix: | ipob_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Minimum net tangible assets to complete business combination + References No definition available. + Details
Name: | ipob_MinimumNetTangibleAssetsToCompleteBusinessCombination
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Minimum percentage of aggregate common shares that may not be redeemed without prior consent of the Company. + References No definition available. + Details
Name: | ipob_MinimumPercentageOfAggregateCommonSharesThatMayNotBeRedeemedWithoutPriorConsent
Namespace Prefix: | ipob_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of business days after which the public shares are required to be redeemed by the company if business combination is not completed within the specified period. + References No definition available. + Details
Name: | ipob_NumberOfBusinessDaysAfterWhichPublicSharesRequiredToBeRedeemedIfBusinessCombinationIsNotCompletedWithinSpecifiedPeriod
Namespace Prefix: | ipob_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of common stocks included in each unit. + References No definition available. + Details
Name: | ipob_NumberOfCommonStocksPerUnit
Namespace Prefix: | ipob_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Percentage of public shares required to be redeemed by the company if business combination is not completed within the specified period. + References No definition available. + Details
Name: | ipob_PercentageOfPublicSharesRequiredToBeRedeemedIfBusinessCombinationIsNotCompletedWithinSpecifiedPeriod
Namespace Prefix: | ipob_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period to consummate business combination before closing proposed public offering + References No definition available. + Details
Name: | ipob_PeriodToConsummateBusinessCombinationBeforeClosingProposedPublicOffering
Namespace Prefix: | ipob_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of days prior to the completion of business combination considered for calculation of pro rata portion of the amount held in the Trust Account to entitle the Public Shareholders to redeem the shares. + References No definition available. + Details
Name: | ipob_RedemptionOfSharesByPublicShareholdersNumberOfDaysConsidered
Namespace Prefix: | ipob_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share price at which the new stock issued during the period. + References No definition available. + Details
Name: | ipob_StockIssuedDuringPeriodIssuePricePerShareNewIssues
Namespace Prefix: | ipob_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | duration

X
- Definition Underwriting fees attributable to actual offering of securities which are deferred. + References No definition available. + Details
Name: | ipob_StockOfferingDeferredUnderwritingFees
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of other costs incurred by the company for offering of stock. + References No definition available. + Details
Name: | ipob_StockOfferingOtherOfferingCosts
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Aggregate transaction costs incurred by the company for offering of stock. + References No definition available. + Details
Name: | ipob_StockOfferingTransactionCosts
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of underwriting fees incurred by the company for offering of stock. + References No definition available. + Details
Name: | ipob_StockOfferingUnderwritingFees
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of current liabilities over current assets. + References No definition available. + Details
Name: | ipob_WorkingCapitalDeficit
Namespace Prefix: | ipob_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(b)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_AssetsHeldInTrust
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(i)(2)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Face amount or stated value per share of common stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockParOrStatedValuePerShare
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockSharesIssued
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_CommonStockSharesOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The cash inflow associated with the amount received from entity's first offering of stock to the public. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceInitialPublicOffering
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585 + Details
Name: | us-gaap_ProceedsFromIssuanceOfWarrants
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The number of shares issued or sold by the subsidiary or equity method investee per stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction. + References No definition available. + Details
Name: | us-gaap_SaleOfStockPricePerShare
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Price of a single share of a number of saleable stocks of a company. + References No definition available. + Details
Name: | us-gaap_SharePrice
Namespace Prefix: | us-gaap_
Data Type: | num:perShareItemType
Balance Type: | na
Period Type: | instant

X
- Definition Number of new stock issued during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(28)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_StockIssuedDuringPeriodSharesNewIssues
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SubsequentEventTypeAxis=us-gaap_SubsequentEventMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=ipob_SponsorMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=us-gaap_IPOMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=us-gaap_OverAllotmentOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_SubsidiarySaleOfStockAxis=us-gaap_PrivatePlacementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |