XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED STATEMENT OF CASH FLOWS (Unaudited)
4 Months Ended
Sep. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (129,076)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in trust account (15,750)
Changes in operating assets and liabilities:  
Prepaid expenses (290,899)
Accrued expenses 45,345
Net cash used in operating activities (390,380)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (345,000,000)
Net cash used in investing activities (345,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 338,100,000
Proceeds from sale of Private Placement Warrants 8,900,000
Advances from related party 265,763
Repayment of advances from related party (265,763)
Proceeds from promissory note—related party 97,126
Repayment of promissory note—related party (97,126)
Payment of offering costs (865,171)
Net cash provided by financing activities 346,159,829
Net Change in Cash 769,449
Cash — Ending 769,449
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 329,084,360
Change in value of common stock subject to possible redemption (128,610)
Deferred underwriting fee payable $ 12,075,000