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STATEMENT OF CASH FLOWS - USD ($)
7 Months Ended 12 Months Ended
Dec. 31, 2019
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net (loss) income $ 1,618,159 $ (1,601,521)
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (1,812,577) (2,257,985)
Unrealized gain on marketable securities held in Trust Account (112,416) (4,728)
Changes in operating assets and liabilities:    
Prepaid expenses (257,110) 226,277
Accounts payable and accrued expenses 96,895 3,056,075
Net cash used in operating activities (467,049) (581,882)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (250,000,000) 0
Net cash used in investing activities (250,000,000) 0
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 245,000,000 0
Proceeds from sale of Private Placement Warrants 7,000,000 0
Proceeds from promissory note - related party 237,470 0
Repayment of promissory note - related party (237,470) 0
Payment of offering costs (638,362) 0
Net cash provided by financing activities 251,361,638 0
Net Change in Cash 894,589 (581,882)
Cash - Beginning 0 894,589
Cash - Ending 894,589 312,707
Non-Cash Investing and Financing Activities:    
Initial classification of Class A ordinary shares subject to possible redemption 237,606,630 0
Change in value of Class A ordinary shares subject to possible redemption 1,623,166 (1,601,524)
Offering costs paid directly by Sponsor for issuance of Class B ordinary shares 25,000 0
Deferred underwriting fee $ 8,750,000 $ 0