XML 19 R8.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED STATEMENT OF CASH FLOWS
8 Months Ended
Sep. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (210,021)
Changes in operating assets and liabilities:  
Prepaid expenses (256,808)
Accrued expenses 110,051
Net cash used in operating activities (356,778)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (517,500,000)
Net cash used in investing activities (517,500,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 507,150,000
Proceeds from sale of Private Placement Warrants 12,350,000
Proceeds from issuance of Class B ordinary shares to Sponsor 25,000
Proceeds from promissory note - related party 150,000
Repayment of promissory note - related party (150,000)
Payment of offering costs (778,589)
Net cash provided by financing activities 518,746,411
Net Change in Cash 889,633
Cash - Ending 889,663
Non-cash investing and financing activities:  
Initial classification of ordinary shares subject to possible redemption 495,628,920
Change in value of ordinary shares subject to possible redemption (205,040)
Deferred underwriting fee $ 18,112,500