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Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2020
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,225,382
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (516,220)
Unrealized gain on marketable securities held in Trust Account (1,173,651)
Deferred tax provision 246,467
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (105,517)
Accrued expenses 64,718
Income taxes payable 79,268
Net cash used in operating activities (179,553)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (241,500,000)
Net cash used in investing activities (241,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 236,670,000
Proceeds from sale of Private Units 6,180,000
Proceeds from promissory note – related party (124,148)
Repayment of promissory note – related party 43,340
Payment of offering costs (373,516)
Net cash provided by financing activities 242,395,676
Net Change in Cash 716,123
Cash – Beginning of period
Cash – End of period 716,123
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 237,394,700
Change in value of common stock subject to possible redemption $ (1,225,378)