General form of registration statement for all companies including face-amount certificate companies

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Jun. 30, 2019
Sep. 30, 2019
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:            
Net (loss) income $ (810,705) $ (6,725,368) $ 4,595,625 $ 5,094,479 $ (17,665,187) $ 4,098,520
Adjustments to reconcile net (loss) income to net cash used in operating activities:            
Gain on marketable securities, dividends and interest held in Trust Account (6,992) (1,128,747) (1,760,594) (3,322,448) (1,261,249) (4,554,158)
Loss (gain) on revaluation of warrant liability (9,942,500) (5,763,750) (3,617,500) (2,666,250) 16,533,750 (520,000)
Changes in operating assets and liabilities:            
Prepaid expenses (60,016) 16,903   (101,988) 51,905 (62,738)
Accounts payable 9,003,790 11,337 (138,629) 79,620 830,344 83,995
Accrued expenses (172,311) 41,140 82,575 (87,694) 770,551 6,166
Net cash used in operating activities (367,324) (97,749) (836,317) (1,002,075) (739,886) (948,215)
Cash Flows from Investing Activities:            
Cash deposited in Trust Account     (287,500,000) (287,500,000)   (287,500,000)
Net cash used in investing activities     (287,500,000) (287,500,000)   (287,500,000)
Cash Flows from Financing Activities:            
Proceeds from note payable to related party     250,000 250,000   250,000
Repayment of note payable and advances from related party     (252,206) (252,206)   (250,000)
Proceeds received from initial public offering, gross     287,500,000 287,500,000   287,500,000
Proceeds from private placement     7,750,000 7,750,000   7,750,000
Offering costs paid     (5,151,990) (5,151,990)   (5,236,990)
Net cash provided by financing activities 0 0 290,095,804 290,095,804 0 290,013,010
Net change in cash (367,324) (97,749) 1,759,487 1,593,729 (739,886) 1,564,795
Cash - beginning of period 849,909 1,589,795 25,000 25,000 1,589,795 25,000
Cash - end of period 482,585 1,492,046 1,784,487 1,618,729 849,909 1,589,795
Supplemental disclosure of noncash activities:            
Offering costs included in accounts payable 2,600 2,600   2,600
Prepaid expenses included in accounts payable 63,750
Remeasurement of ordinary shares subject to possible redemption 26,789,590 26,789,590   26,789,590
Deferred underwriting commissions $ 9,187,500 $ 9,187,500   $ 9,187,500