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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net income $ 1,501,571 $ 2,444,728
Adjustments to reconcile net income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (2,589,682) (3,657,526)
Unrealized loss on marketable securities held in Trust Account 33,021 35,094
Deferred tax benefit (34,003) (7,370)
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 98,332 (173,767)
Prepaid income taxes 69,818
Accounts payable and accrued expenses (7,419) (62,589)
Income taxes payable 364,472 305,481
Net cash used in operating activities (563,890) (1,115,949)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (276,000,000)
Cash withdrawn from Trust Account to pay income taxes 479,473 720,000
Net cash provided by (used in) investing activities 479,473 (275,280,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 270,480,000
Proceeds from sale of Private Units 6,870,000
Due to related party 2,833
Repayment of due to related party (2,833)
Advances from related party 86,748
Repayment of advances from related party (86,748)
Proceeds from convertible promissory note – related party 200,000
Proceeds from promissory note – related party 15,000
Repayment of promissory note – related party (90,342)
Payment of offering costs (455,423)
Net cash provided by financing activities 200,000 276,819,235
Net Change in Cash 115,583 423,286
Cash – Beginning 140,303 17,500
Cash – Ending 255,886 440,786
Supplemental cash flow information:    
Cash paid for income taxes 720,000
Non-cash investing and financing activities:    
Initial classification of common stock subject to possible redemption 271,835,860
Change in value of common stock subject to possible redemption $ 1,501,578 $ 2,445,171