XML 34 R8.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED STATEMENT OF CASH FLOWS
6 Months Ended
Sep. 30, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 664,827
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (951,166)
Unrealized gain on marketable securities held in Trust Account (22,962)
Deferred tax provision 4,822
Changes in operating assets and liabilities:  
Prepaid expenses and other current assets (98,367)
Prepaid income taxes (7,808)
Accounts payable and accrued expenses 90,926
Net cash used in operating activities (319,728)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
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 225,400,000
Proceeds from sale of Private Placement Warrants 6,350,000
Proceeds from promissory note - related party 125,000
Repayment of promissory note – related party (125,000)
Payment of offering costs (525,704)
Net cash provided by financing activities 231,249,296
Net Change in Cash 929,568
Cash – Beginning 0
Cash – Ending 929,568
Supplemental cash flow information:  
Cash paid for income taxes 179,713
Non-cash Investing and Financing Activities:  
Deferred underwriting fee payable 8,050,000
Initial classification of common stock subject to possible redemption 218,188,500
Change in value of common stock subject to possible redemption 665,615
Offering costs charged to additional paid in capital 535,704
Accrued offering costs in deferred offering $ 10,000