Registration of securities issued in business combination transactions

CONDENSED STATEMENTS OF CASH FLOWS

v3.20.4
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
2 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
Cash Flows from Operating Activities:        
Net income (loss) $ (2,694) $ (120,091) $ 3,076,468 $ 4,226,759
Adjustments to reconcile net income to net cash used in operating activities:        
Gain on marketable securities, dividends and interest held in Trust Account   (1,201,382) (3,322,448) (4,554,158)
General and administrative expenses paid by related party     2,206  
Changes in operating assets and liabilities:        
Prepaid expenses   15,654 (101,988) (62,738)
Accrued expenses 2,694 405,711 (87,694) 6,166
Accounts payable   284,630 79,620 83,995
Net cash used in operating activities   (615,478) (353,836) (299,976)
Cash Flows from Investing Activities:        
Cash deposited in Trust Account     (287,500,000) (287,500,000)
Net cash used in investing activities     (287,500,000) (287,500,000)
Cash Flows from Financing Activities:        
Proceeds from issuance of ordinary shares to Sponsor 25,000      
Proceeds from note payable to related party     250,000 250,000
Repayment of note payable and advances from related party     (252,206) (250,000)
Proceeds received from initial public offering, gross     287,500,000 287,500,000
Proceeds from private placement     7,750,000 7,750,000
Offering costs paid     (5,800,229) (5,885,229)
Net cash provided by financing activities 25,000   289,447,565 289,364,771
Net change in cash 25,000 (615,478) 1,593,729 1,564,795
Cash - beginning of the period   1,589,795 25,000 25,000
Cash - end of the period 25,000 974,317 1,618,729 1,589,795
Supplemental disclosure of noncash activities:        
Offering costs included in accrued expenses 71,354   85,000  
Offering costs included in accounts payable $ 18,000   2,600 2,600
Change in value of ordinary shares subject to possible redemption   $ (120,090) $ 278,273,440 $ 279,423,730