0001104659-20-069858.txt : 20200604 0001104659-20-069858.hdr.sgml : 20200604 20200604165008 ACCESSION NUMBER: 0001104659-20-069858 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 40 CONFORMED PERIOD OF REPORT: 20200331 FILED AS OF DATE: 20200604 DATE AS OF CHANGE: 20200604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Social Capital Hedosophia Holdings Corp. III CENTRAL INDEX KEY: 0001801170 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 981515192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39252 FILM NUMBER: 20943497 BUSINESS ADDRESS: STREET 1: 317 UNIVERSITY AVENUE, SUITE 200 CITY: PALO ALTO STATE: CA ZIP: 94301 BUSINESS PHONE: (650) 388-5937 MAIL ADDRESS: STREET 1: 317 UNIVERSITY AVENUE, SUITE 200 CITY: PALO ALTO STATE: CA ZIP: 94301 10-Q 1 tm2020708d1_10q.htm FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2020

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File No. 001-39252

Social Capital Hedosophia Holdings Corp. III

(Exact name of registrant as specified in its charter)

Cayman Islands

98-1515192

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification No.)

317 University Ave, Suite 200

Palo Alto, CA 94301

(Address of Principal Executive Offices, including zip code)

(650) 521-9007

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant	IPOC.U	New York Stock Exchange
Class A ordinary shares, par value $0.0001 per share	IPOC	New York Stock Exchange
Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50	IPOC WS	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ¨ No x

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x No ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

¨ Large accelerated filer	¨ Accelerated filer
x Non-accelerated filer	x Smaller reporting company
	x Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes x No ¨

As of June 4, 2020, there were 82,800,000 Class A ordinary shares, $0.0001 par value per share, and 20,700,000 Class B ordinary shares, $0.0001 par value per share, issued and outstanding.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2020

TABLE OF CONTENTS

	Page
Part I. Financial Information
Item 1. Financial Statements
Condensed Balance Sheets	1
Condensed Statement of Operations (Unaudited)	2
Condensed Statement Changes in Shareholder’s Equity (Unaudited)	3
Condensed Statement of Cash Flows (Unaudited)	4
Notes to Unaudited Condensed Financial Statements	5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk	16
Item 4. Controls and Procedures	17
Part II. Other Information
Item 1. Legal Proceedings	17
Item 1A. Risk Factors	17
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	18
Item 3. Defaults Upon Senior Securities	18
Item 4. Mine Safety Disclosures	18
Item 5. Other Information	18
Item 6. Exhibits	19
Part III. Signatures	20

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

CONDENSED BALANCE SHEETS

	March 31, 2020			December 31, 2019
	(unaudited)
ASSETS
Current assets - cash	$	63,370		$	—
Deferred offering costs		587,515			100,346
TOTAL ASSETS	$	650,885		$	100,346

LIABILITIES AND SHAREHOLDER’S EQUITY (DEFICIT)
Current liabilities
Accrued offering costs	$	343,516		$	100,346
Advance from related party		—			17,631
Promissory note – related party		300,000			—
Total Current Liabilities		643,516			117,977

Commitments

Shareholder’s Equity (Deficit)
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding		—			—
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued and outstanding		—			—
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 20,700,000 shares issued and outstanding as of March 31, 2020 ⁽¹⁾		2,070			—
Additional paid-in capital		22,930			—
Accumulated deficit		(17,631	)		(17,631	)
Total Shareholder’s Equity (Deficit)		7,369			(17,631	)
TOTAL LIABILITIES AND SHAREHOLDER’S EQUITY (DEFICIT)	$	650,885		$	100,346

(1)

Included an aggregate of up to 2,700,000 shares that were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full (see Note 7).

The accompanying notes are an integral part of the unaudited condensed financial statements.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

CONDENSED STATEMENT OF OPERATIONS

THREE MONTHS ENDED MARCH 31, 2020

(Unaudited)

Formation and operating costs	$	—
Net Loss	$	—

Weighted average shares outstanding, basic and diluted		14,043,956

Basic and diluted net loss per ordinary share	$	(0.00	)

The accompanying notes are an integral part of the unaudited condensed financial statements.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER’S EQUITY (DEFICIT)

THREE MONTHS ENDED MARCH 31, 2020

(Unaudited)

	Class B Ordinary Shares					Additional Paid-in		Accumulated			Total Shareholder’s (Deficit)
	Shares			Amount		Capital		Deficit			Equity
Balance – January 1, 2020		1		$	—	$	—	$	(17,631	)	$	(17,631	)

Cancellation of Class B ordinary share		(1	)		—		—		—			—

Issuance of Class B ordinary shares to Sponsor ⁽¹⁾		20,700,000			2,070		22,930		—			25,000

Net loss		—			—		—		—			—

Balance – March 31, 2020 (unaudited)		20,700,000		$	2,070	$	22,930	$	(17,631	)	$	7,369

(1)

Included an aggregate of up to 2,700,000 shares that were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full (see Note 7).

The accompanying notes are an integral part of the unaudited condensed financial statements.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. II

CONDENSED STATEMENT OF CASH FLOWS

THREE MONTHS ENDED MARCH 31, 2020

(Unaudited)

Cash Flows from Financing Activities:
Proceeds from issuance of Class B ordinary shares to Sponsor		25,000
Repayment of advances from related parties		(17,631	)
Proceeds from promissory note - related party		300,000
Payment of offering costs		(243,999	)
Net cash provided by financing activities		63,370

Net Change in Cash		63,370
Cash – Beginning		—
Cash – Ending	$	63,370

Non-cash investing and financing activities:
Deferred offering costs included in accrued offering costs	$	248,170

The accompanying notes are an integral part of the unaudited condensed financial statements.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Social Capital Hedosophia Holdings Corp. III (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on October 18, 2019. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”).

Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus on businesses in the technology industries primarily located in the United States. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of March 31, 2020, the Company had not commenced any operations. All activity for the period from October 18, 2019 (inception) through March 31, 2020 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

The registration statements for the Company’s Initial Public Offering became effective on April 21, 2020. On April 24, 2020, the Company consummated the Initial Public Offering of 82,800,000 units (the “Units” and, with respect to the shares of Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 10,800,000 Units, at $10.00 per Unit, generating gross proceeds of $828,000,000 which is described in Note 3.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 10,933,333 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to SCH Sponsor III LLC (the “Sponsor”), generating gross proceeds of $16,400,000, which is described in Note 4.

Transaction costs amounted to $44,156,346 consisting of $14,400,000 of underwriting fees, $28,980,000 of deferred underwriting fees and $776,346 of other offering costs. In addition, $1,663,066 of cash was held outside of the Trust Account, as defined below, and is available for working capital purposes.

Following the closing of the Initial Public Offering on April 24, 2020, an amount of $828,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) located in the United States and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s shareholders, as described below.

The Company will provide the holders of the public shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination, either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the Public Shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

The Company will proceed with a Business Combination only if the Company has net tangible assets, after payment of the deferred underwriting commission, of at least $5,000,001 upon such completion of a Business Combination and, if the Company seeks shareholder approval, it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote and a general meeting of the Company. If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Company’s Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination or seek to sell any shares to the Company in a tender offer in connection with a Business Combination. Additionally, subject to the immediately succeeding paragraph, each public shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination.

Notwithstanding the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than 15% of the Public Shares without the Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination (and not seek to sell its shares to the Company in any tender offer the Company undertakes in connection with its initial Business Combination) and (b) not to propose an amendment to the Amended and Restated Memorandum of Articles of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not complete a Business Combination within Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

The Company will have until April 24, 2022 (the “Combination Period”) to consummate a Business Combination. However, if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish the rights of the Public Shareholders as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Public Shareholders and its Board of Directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Shareholders will be entitled to receive a full pro rata interest in the Trust Account ($10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company and less up to $100,000 of interest to pay dissolution expenses). There will be no redemption rights or liquidating distributions with respect to the Founder Shares or the Private Placement Warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party (other than the Company’s independent auditors) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.00 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent auditors), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

Use of Estimates

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019.

Deferred Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $44,156,346 were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Income Taxes

The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations.

Net Loss per Ordinary Share

Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020 and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, the Company sold 82,800,000 Units, which includes the full exercise by the underwriter of its option to purchase an additional 10,800,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per whole share (see Note 7).

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 10,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $16,400,000. Each Private Placement Warrant is exercisable for one Class A Share at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

In October 2019, the Company issued one ordinary share to the Sponsor for no consideration. On January 21, 2020, the Company cancelled the one share issued in October 2019 and the Sponsor purchased 17,250,000 Founder Shares for an aggregate purchase price of $25,000. On April 21, 2020, the Company effected a share capitalization, resulting in 20,700,000 Founder Shares issued and outstanding as of such date. All share and per-share amounts have been retroactively restated to reflect the share capitalization. The Founder Shares will automatically convert into Class A ordinary shares on the first business day following the completion of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, as described in Note 7.

The Founder Shares included an aggregate of up to 2,700,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent 20% of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. As a result of the underwriters’ election to fully exercise their over-allotment option, no Founder Shares are subject to forfeiture.

The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Class B ordinary shares or Class A ordinary shares received upon conversion thereof (together, “Founder Shares”) until the earlier of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

Advances – Related Party

The Sponsor advanced the Company an aggregate of $17,631 to cover expenses related to the Initial Public Offering. The advances were non-interest bearing and due on demand. Advances in the aggregate amount of $17,631 were repaid in February 2020.

Promissory Note — Related Party

On January 21, 2020, the Company issued an unsecured promissory note to the Sponsor, pursuant to which the Company borrowed an aggregate principal amount of $300,000, which amount was outstanding as of March 31, 2020. The note was non-interest bearing and payable on the earlier of (i) June 30, 2020 and (ii) the completion of the Initial Public Offering. The borrowings outstanding under the note in the amount of $300,000 were repaid upon the consummation of the Initial Public Offering on April 24, 2020.

Administrative Support Agreement

The Company entered into an agreement whereby, commencing on April 21, 2020, the Company will pay an affiliate of the Sponsor up to $10,000 per month for office space, administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.

Related Party Loans

In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.

NOTE 6. COMMITMENTS

Registration Rights

Pursuant to a registration rights agreement entered into on April 21, 2020, the holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) will be entitled to registration rights requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Company’s Class A ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters are entitled to a deferred fee of $0.35 per Unit, or $28,980,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

Financial Advisory Fee

The underwriters agreed to reimburse the Company for an amount equal to 10% of the discount paid to the underwriters for financial advisory services provided by Connaught (UK) Limited in connection with the Initial Public Offering, of which $1,440,000 was paid at the closing of the Initial Public Offering and up to $2,898,000 will be payable at the time of the closing of a Business Combination.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

NOTE 7. SHAREHOLDER’S EQUITY

Preferred Shares — The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001. The Company’s board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able to, without shareholder approval, issue preferred shares with voting and other rights that could adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. At March 31, 2020 and December 31, 2019, there were no preference shares issued or outstanding.

Common Stock

Class A Ordinary Shares — The Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were no Class A ordinary shares issued or outstanding.

Class B Ordinary Shares — The Company is authorized to issue 50,000,000 Class B ordinary shares, with a par value of $0.0001 per share. Holders of the Class B ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were 20,700,000 Class B ordinary shares issued and outstanding.

Only holders of the Class B ordinary shares will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as otherwise required by law.

The Class B Shares will automatically convert into Class A ordinary shares on the first business day following the completion of the Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of a Business Combination, the ratio at which Founder Shares will convert into Class A ordinary shares will be adjusted (subject to waiver by holders of a majority of the Class B ordinary shares) so that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the ordinary shares issued and outstanding upon completion of the Initial Public Offering plus the number of Class A ordinary shares and equity-linked securities issued or deemed issued in connection with a Business Combination (net of redemptions), excluding any Class A ordinary shares or equity-linked securities issued, or to be issued, to any seller in a Business Combination and any Private Placement Warrants issued to the Sponsor.

Warrants — Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination or earlier upon redemption or liquidation.

The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

The Company has agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use it commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of the Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. Notwithstanding the above, if the Class A ordinary shares are, at the time of any exercise of a Public Warrant, not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but will use its commercially reasonable efforts to qualify the shares under applicable blue sky laws to the extent an exemption is not available.

Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00. Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:

	·	in whole and not in part;
	·	at a price of $0.01 per Public Warrant;
	·	upon not less than 30 days’ prior written notice of redemption to each warrant holder and
	·	if, and only if, the reported last sale price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like).

Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00. Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:

	·	in whole and not in part;
	·	at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares based on the redemption date and the “fair market value” of the Class A ordinary shares;
	·	if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like); and
	·	if the Reference Value is less than $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above.

If and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws.

The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless.

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2020

(Unaudited)

In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger prices described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable as described above so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

NOTE 8. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Social Capital Hedosophia Holdings Corp. III. References to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor” refer to SCH Sponsor III LLC. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Special Note Regarding Forward-Looking Statements

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Form 10-Q including, without limitation, statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and variations thereof and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of the Company’s final prospectus for its Initial Public Offering filed with the SEC on April 29, 2020. The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Overview

We are a blank check company incorporated in the Cayman Islands on October 18, 2019 formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses. We intend to effectuate our Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of the Private Placement Warrants, our shares, debt or a combination of cash, shares and debt.

The issuance of additional ordinary shares or preferred shares in a business combination:

	●	may significantly dilute the equity interest of investors in this offering, which dilution would increase if the anti-dilution provisions in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion of the Class B ordinary shares;
	●	may subordinate the rights of holders of ordinary shares if preferred shares are issued with rights senior to those afforded our ordinary shares;
	●	could cause a change of control if a substantial number of our ordinary shares is issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present directors and officers;
	●	may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person seeking to obtain control of us;
	●	may adversely affect prevailing market prices for our units, ordinary shares and/or warrants; and
	●	may not result in adjustment to the exercise price of our warrants.

Similarly, if we issue debt or otherwise incur significant indebtedness, it could result in:

	●	default and foreclosure on our assets if our operating revenues after an initial business combination are insufficient to repay our debt obligations;
	●	acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant;
	●	our immediate payment of all principal and accrued interest, if any, if the debt is payable on demand;
	●	our inability to obtain necessary additional financing if the debt contains covenants restricting our ability to obtain such financing while the debt is outstanding;
	●	our inability to pay dividends on our ordinary shares;
	●	using a substantial portion of our cash flow to pay principal and interest on our debt, which will reduce the funds available for dividends on our ordinary shares if declared, expenses, capital expenditures, acquisitions and other general corporate purposes;
	●	limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate;
	●	increased vulnerability to adverse changes in general economic, industry and competitive conditions and adverse changes in government regulation; and
	●	limitations on our ability to borrow additional amounts for expenses, capital expenditures, acquisitions, debt service requirements, execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt.

We expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

Results of Operations

We have neither engaged in any operations nor generated any operating revenues to date. Our only activities from inception through March 31, 2020 were organizational activities and those necessary to prepare for the Initial Public Offering, described below. We do not expect to generate any operating revenues until after the completion of our initial Business Combination. We expect to generate non-operating income in the form of interest income on marketable securities held after the Initial Public Offering. We expect that we will incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses in connection with searching for, and completing, a Business Combination.

For the three months ended March 31, 2020, we had no activity in the statement of operations.

Liquidity and Capital Resources

As of March 31, 2020, we had cash of $63,370. Until the consummation of the Initial Public Offering, our only source of liquidity was an initial purchase of ordinary shares by the Sponsor and loans from our Sponsor.

Subsequent to the end of the quarterly period covered by this Quarterly Report, on April 24, 2020, we consummated the Initial Public Offering of 82,800,000 Units, inclusive of the underwriters’ election to fully exercise their option to purchase an additional 10,800,000 Units, at a price of $10.00 per Unit, generating gross proceeds of $828,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 10,933,333 Private Placement Warrants to the Sponsor at a price of $1.50 per Private Placement Warrant generating gross proceeds of $16,400,000.

Following the Initial Public Offering, the exercise of the over-allotment option in full and the sale of the Private Placement Warrants, a total of $828,000,000 was placed in the Trust Account, and we had $1,663,066 of cash held outside of the Trust Account, after payment of costs related to the Initial Public Offering, and available for working capital purposes. We incurred $44,156,346 in transaction costs, including $14,400,000 of underwriting fees, $28,980,000 of deferred underwriting fees and $776,346 of other costs.

We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the Trust Account, excluding deferred underwriting commissions, to complete our Business Combination. We may withdraw interest from the Trust Account to pay taxes, if any. To the extent that our share capital or debt is used, in whole or in part, as consideration to complete a Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, structure, negotiate and complete a Business Combination.

In order to fund working capital deficiencies or finance transaction costs in connection with a Business Combination, our Sponsor or an affiliate of our Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we may repay such loaned amounts out of the proceeds of the Trust Account released to us. In the event that a Business Combination does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, but no proceeds from our Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into warrants, at a price of $1.50 per warrant, at the option of the lender. The warrants would be identical to the Private Placement Warrants.

We do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amount necessary to do so, we may have insufficient funds available to operate our business prior to our initial Business Combination. Moreover, we may need to obtain additional financing either to complete our Business Combination or because we become obligated to redeem a significant number of our public shares upon completion of our Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination.

Off-balance sheet financing arrangements

We have no obligations, assets or liabilities, which would be considered off-balance sheet arrangements as of March 31, 2020. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual obligations

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate of the Sponsor a monthly fee of $10,000 for office space, administrative and support services, provided to the Company. We began incurring these fees on April 22, 2020 and will continue to incur these fees monthly until the earlier of the completion of a Business Combination and the Company’s liquidation.

The underwriters are entitled to a deferred fee of $0.35 per unit, or $28,980,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that we complete a Business Combination, subject to the terms of the underwriting agreement.

Critical Accounting Policies

The preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed financial statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates. We have not identified any critical accounting policies.

Recent accounting pronouncements

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on our condensed financial statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As of March 31, 2020, we were not subject to any market or interest rate risk. Following the consummation of our Initial Public Offering, the net proceeds of our Initial Public Offering, including amounts in the Trust Account, have been invested in certain U.S. government securities with a maturity of 185 days or less or in certain money market funds that invest solely in U.S. treasuries. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.

ITEM 4. CONTROLS AND PROCEDURES

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Evaluation of Disclosure Controls and Procedures

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2020. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were effective.

Changes in Internal Control Over Financial Reporting

During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS.

None.

ITEM 1A. RISK FACTORS.

Factors that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in our final prospectus for our Initial Public Offering filed with the SEC on April 23, 2020. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our final prospectus for our Initial Public Offering filed with the SEC on April 23, 2020. We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

On April 24, 2020, we consummated our Initial Public Offering of 82,800,000 Units, inclusive of 10,800,000 Units sold to the underwriters upon the election to fully exercise their over-allotment option, at a price of $10.00 per Unit, generating total gross proceeds of $828,000,000. Each Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share, and one-third of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share Ordinary Share for $11.50 per share, subject to adjustment. Credit Suisse acted as the sole book-running manager. The securities sold in the offering were registered under the Securities Act on registration statements on Form S-1 (No. 333-236776 and 333-237777). The registration statements became effective on April 21, 2020.

Simultaneously with the consummation of the Initial Public Offering, and the exercise of the over-allotment option in full and the sale of the Private Placement Warrants, we consummated a private placement of 10,933,333 Private Placement Warrants to our Sponsor at a price of $1.50 per Private Placement Warrant, generating total proceeds of $16,400,000. Such securities were issued pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical to the warrants sold as part of the Units in the Initial Public Offering except that, so long as they are held by the Sponsor or its permitted transferees: (1) they will not be redeemable by us (except in certain redemption scenarios when the price per Class A ordinary share equals or exceeds $10.00 (as adjusted)); (2) they (including the Class A ordinary shares issuable upon exercise of these warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by the Sponsor until 30 days after the completion of our Business Combination; (3) they may be exercised by the holders on a cashless basis; and (4) they (including the Class A ordinary Shares issuable upon exercise of these warrants) are entitled to registration rights.

Of the gross proceeds received from the Initial Public Offering and the full exercise of the option to purchase additional Units, $828,000,000 was placed in the Trust Account.

We paid a total of $14,400,000 in underwriting discounts and commissions and $776,346 for other costs and expenses related to the Initial Public Offering. In addition, the underwriters agreed to defer $28,980,000 in underwriting discounts and commissions.

For a description of the use of the proceeds generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM 4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM 5. OTHER INFORMATION.

None.

ITEM 6. EXHIBITS.

The following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

No.		Description of Exhibit
3.1		Amended and Restated Memorandum and Articles of Association of the Company. (1)
31.1*		Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*		Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**		Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**		Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*		XBRL Instance Document
101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document
101.SCH*		XBRL Taxonomy Extension Schema Document
101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		XBRL Taxonomy Extension Labels Linkbase Document
101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document

*	Filed herewith.
**	Furnished.
(1)	Previously filed as an exhibit to our Current Report on Form 8-K filed on April 24, 2020 and incorporated by reference herein.

SIGNATURES

Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. III

Date: June 4, 2020		/s/ Chamath Palihapitiya
	Name:	Chamath Palihapitiya
	Title:	Chief Executive Officer
		(Principal Executive Officer)

Date: June 4, 2020		/s/ Steven Trieu
	Name:	Steven Trieu
	Title:	Chief Financial Officer
		(Principal Financial and Accounting Officer)

EX-31.1 2 tm2020708d1_ex31-1.htm EXHIBIT 31.1

Exhibit 31.1

CERTIFICATIONS

I, Chamath Palihapitiya, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Social Capital Hedosophia Holdings Corp. III;

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 4, 2020	By:	/s/ Chamath Palihapitiya
		Chamath Palihapitiya
		Chief Executive Officer
		(Principal Executive Officer)

EX-31.2 3 tm2020708d1_ex31-2.htm EXHIBIT 31.2

Exhibit 31.2

CERTIFICATIONS

I, Steven Trieu, certify that:

I have reviewed this Quarterly Report on Form 10-Q of Social Capital Hedosophia Holdings Corp. III;

(Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 4, 2020	By:	/s/ Steven Trieu
		Steven Trieu
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

EX-32.1 4 tm2020708d1_ex32-1.htm EXHIBIT 32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Social Capital Hedosophia Holdings Corp. III (the “Company”) on Form 10-Q for the quarterly period ended March 31, 2020, as filed with the Securities and Exchange Commission (the “Report”), I, Chamath Palihapitiya, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.

Date: June 4, 2020	By:	/s/ Chamath Palihapitiya
		Chamath Palihapitiya
		Chief Executive Officer
		(Principal Executive Officer)

EX-32.2 5 tm2020708d1_ex32-2.htm EXHIBIT 32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Social Capital Hedosophia Holdings Corp. III (the “Company”) on Form 10-Q for the quarterly period ended March 31, 2020, as filed with the Securities and Exchange Commission (the “Report”), I, Steven Trieu, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

Date: June 4, 2020	By:	/s/ Steven Trieu
		Steven Trieu
		Chief Financial Officer
		(Principal Financial and Accounting Officer)

EX-101.INS 6 ipoc-20200331.xml XBRL INSTANCE DOCUMENT 0001801170 us-gaap:RetainedEarningsMember 2020-03-31 0001801170 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001801170 us-gaap:RetainedEarningsMember 2019-12-31 0001801170 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001801170 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2020-03-31 0001801170 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2019-12-31 0001801170 ipoc:SponsorMember 2020-03-31 0001801170 us-gaap:CommonClassAMember ipoc:SponsorMember 2020-03-31 0001801170 us-gaap:OverAllotmentOptionMember 2020-04-24 2020-04-24 0001801170 us-gaap:NotesPayableOtherPayablesMember ipoc:SponsorMember 2020-04-24 0001801170 us-gaap:NotesPayableOtherPayablesMember ipoc:SponsorMember 2020-01-31 0001801170 ipoc:SponsorMember 2019-10-31 0001801170 2020-04-24 0001801170 ipoc:RelatedPartyLoansMember 2020-01-01 2020-03-31 0001801170 2020-04-21 2020-04-21 0001801170 ipoc:SponsorMember us-gaap:IPOMember 2020-02-01 2020-02-29 0001801170 ipoc:SponsorMember 2020-04-21 2020-04-21 0001801170 us-gaap:OverAllotmentOptionMember 2020-01-01 2020-03-31 0001801170 ipoc:SponsorMember us-gaap:OverAllotmentOptionMember 2020-01-01 2020-03-31 0001801170 ipoc:SponsorMember 2019-10-01 2019-10-31 0001801170 us-gaap:CommonClassBMember 2020-01-01 2020-03-31 0001801170 srt:MaximumMember ipoc:RelatedPartyLoansMember 2020-01-01 2020-03-31 0001801170 us-gaap:CommonClassBMember 2020-03-31 0001801170 us-gaap:CommonClassAMember 2020-03-31 0001801170 us-gaap:CommonClassBMember 2019-12-31 0001801170 us-gaap:CommonClassAMember 2019-12-31 0001801170 2019-01-01 2019-12-31 0001801170 ipoc:RedemptionOfWarrantPricePerShareEqualsOrExceeds18.00Member 2020-03-31 0001801170 ipoc:RedemptionOfWarrantPricePerShareEqualsOrExceeds10.00Member 2020-03-31 0001801170 ipoc:PrivatePlacementWarrantsMember 2020-01-01 2020-03-31 0001801170 ipoc:RedemptionOfWarrantPricePerShareEqualsOrExceeds18.00Member 2020-01-01 2020-03-31 0001801170 ipoc:RedemptionOfWarrantPricePerShareEqualsOrExceeds10.00Member 2020-01-01 2020-03-31 0001801170 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001801170 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001801170 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001801170 2020-04-24 2020-04-24 0001801170 2020-03-31 0001801170 2019-12-31 0001801170 us-gaap:CommonClassBMember 2020-06-04 0001801170 us-gaap:CommonClassAMember 2020-06-04 0001801170 2020-01-01 2020-03-31 ipoc:Vote iso4217:USD xbrli:shares xbrli:pure iso4217:USD xbrli:shares false --12-31 Q1 2020 2020-03-31 10-Q 0001801170 82800000 20700000 Yes true false Non-accelerated Filer Yes Social Capital Hedosophia Holdings Corp. III true true IPOC 100346 343516 10800000 17631 0 1663066 -1 0 0 0 0 1.15 1.80 0 P30D P30D 10933333 10933333 1.50 1.50 18.00 10.00 P30D P20D P20D 0.10 0.01 0.20 20 20 0 1 0 1 <div> <div> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Emerging Growth Company</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</font> </p><div /></div> </div> 248170 28980000 0.35 0 44156346 44156346 1500000 5000001 2700000 2700000 0.60 1.00 <div> <div> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">NOTE 4. PRIVATE PLACEMENT</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 10,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $16,400,000. Each Private Placement Warrant is exercisable for one Class A Share at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;"> </font> </p><div /></div> </div> 28980000 <div> <div> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">NOTE 3. INITIAL PUBLIC OFFERING</font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;"> </font> </p> <p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pursuant to the Initial Public Offering, the Company sold 82,800,000 Units, which includes the full exercise by the underwriter of its option to purchase an additional 10,800,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per whole share (see Note 7).</font> </p><div /></div> </div> 1440000 17250000 0.20 1 0 2700000 20700000 17631 17631 10000 20700000 25000 22930 0 2070 P60D P15D 0.10 14400000 P12M 1.50

22930

100346

650885

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Basis of Presentation</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods.</font> </p><div /></div> </div>

2898000

63370

<div> <div> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Cash and Cash Equivalents</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019.</font> </p><div /></div> </div>

63370

250000

11.50

2700000

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <a name="_Hlk41088641"></a><font style="display:inline;">NOTE 6. COMMITMENTS</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Registration Rights</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Pursuant to a registration rights agreement entered into on April 21, 2020, the holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) will be entitled to registration rights requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Company’s Class A ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Underwriting Agreement</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The underwriters are entitled to a deferred fee of $0.35 per Unit, or  $28,980,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Financial Advisory Fee</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The underwriters agreed to reimburse the Company for an amount equal to 10% of the discount paid to the underwriters for financial advisory services provided by Connaught (UK) Limited in connection with the Initial Public Offering, of which $1,440,000 was paid at the closing of the Initial Public Offering and up to $2,898,000 will be payable at the time of the closing of a Business Combination.</font> </p><div /></div> </div>

0.0001

500000000

50000000

500000000

50000000

20700000

2070

<div> <div> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Concentration of Credit Risk</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</font> </p><div /></div> </div>

100000

25000

300000

100346

587515

300000

0.00

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Net Loss per Ordinary Share</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020</font><font style="display:inline;color:#3DAEC2;"> </font><font style="display:inline;">and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented.</font> </p><div /></div> </div>

<div> <div> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Fair Value of Financial Instruments</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.</font> </p><div /></div> </div>

<div> <div> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Income Taxes</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations.</font> </p><div /></div> </div>

100346

650885

117977

643516

63370

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Recent Accounting Standards</font> </p> <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.</font> </p><div /></div> </div>

300000

<div> <div> <p style="margin:0pt 0pt 10pt;text-align:left;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Social Capital Hedosophia Holdings Corp. III (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on October 18, 2019. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”).</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus on businesses in the technology industries primarily located in the United States. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">As of March 31, 2020, the Company had not commenced any operations. All activity for the period from October 18, 2019 (inception) through March 31, 2020 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The registration statements for the Company’s Initial Public Offering became effective on April 21, 2020. On April 24, 2020, the Company consummated the Initial Public Offering of 82,800,000 units (the “Units” and, with respect to the shares of Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 10,800,000 Units, at $10.00 per Unit, generating gross proceeds of $828,000,000 which is described in Note 3.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 10,933,333 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to SCH Sponsor III LLC (the “Sponsor”), generating gross proceeds of $16,400,000, which is described in Note 4.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Transaction costs amounted to $44,156,346 consisting of $14,400,000 of underwriting fees, $28,980,000 of deferred underwriting fees and $776,346 of other offering costs. In addition, $1,663,066 of cash was held outside of the Trust Account, as defined below, and is available for working capital purposes.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Following the closing of the Initial Public Offering on April 24, 2020, an amount of $828,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) located in the United States and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s shareholders, as described below.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company will provide the holders of the public shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination, either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the Public Shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company will proceed with a Business Combination only if the Company has net tangible assets, after payment of the deferred underwriting commission, of at least $5,000,001 upon such completion of a Business Combination and, if the Company seeks shareholder approval, it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote and a general meeting of the Company. If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Company’s Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination or seek to sell any shares to the Company in a tender offer in connection with a Business Combination. Additionally, subject to the immediately succeeding paragraph, each public shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Notwithstanding the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than 15% of the Public Shares without the Company’s prior written consent.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination (and not seek to sell its shares to the Company in any tender offer the Company undertakes in connection with its initial Business Combination) and (b) not to propose an amendment to the Amended and Restated Memorandum of Articles of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not complete a Business Combination within Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company will have until April 24, 2022 (the “Combination Period”) to consummate a Business Combination. However, if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish the rights of the Public Shareholders as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Public Shareholders and its Board of Directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Shareholders will be entitled to receive a full pro rata interest in the Trust Account ($10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company and less up to $100,000 of interest to pay dissolution expenses). There will be no redemption rights or liquidating distributions with respect to the Founder Shares or the Private Placement Warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party (other than the Company’s independent auditors) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.00 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent auditors), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;"> </font> </p><div /></div> </div>

776346

243999

0.0001

5000000

828000000

25000

16400000

300000

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">NOTE 5. RELATED PARTY TRANSACTIONS</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Founder Shares</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In October 2019, the Company issued one ordinary share to the Sponsor for no consideration. On January 21, 2020, the Company cancelled the one share issued in October 2019 and the Sponsor purchased  17,250,000 Founder Shares for an aggregate purchase price of $25,000.  On April 21, 2020, the Company effected a share capitalization, resulting in 20,700,000 Founder Shares issued and outstanding as of such date. All share and per-share amounts have been retroactively restated to reflect the share capitalization. The Founder Shares will automatically convert into Class A ordinary shares on the first business day following the completion of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, as described in Note 7.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Founder Shares included an aggregate of up to 2,700,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent 20% of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. As a result of the underwriters’ election to fully exercise their over-allotment option, no Founder Shares are subject to forfeiture.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Class B ordinary shares or Class A ordinary shares received upon conversion thereof  (together, “Founder Shares”) until the earlier of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Advances – Related Party</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Sponsor advanced the Company an aggregate of  $17,631 to cover expenses related to the Initial Public Offering. The advances were non-interest bearing and due on demand. Advances in the aggregate amount of $17,631 were repaid in February 2020.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Promissory Note — Related Party</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">On January 21, 2020, the Company issued an unsecured promissory note to the Sponsor, pursuant to which the Company borrowed an aggregate principal amount of $300,000, which amount was outstanding as of March 31, 2020. The note was non-interest bearing and payable on the earlier of (i) June 30, 2020 and (ii) the completion of the Initial Public Offering. The borrowings outstanding under the note in the amount of  $300,000 were repaid upon the consummation of the Initial Public Offering on April 24, 2020.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Administrative Support Agreement</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company entered into an agreement whereby, commencing on April 21, 2020, the Company will pay an affiliate of the Sponsor up to $10,000 per month for office space, administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Related Party Loans</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-weight:normal;">In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.</font> </p><div /></div> </div>

17631

-17631

82800000

10800000

12.00

10.00

9.20

18.00

10.00

20700000

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Basis of Presentation</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Emerging Growth Company</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Use of Estimates</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Cash and Cash Equivalents</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Deferred Offering Costs</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $44,156,346 were charged to shareholders’ equity upon the completion of the Initial Public Offering.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Income Taxes</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.</font> </p> <p style="margin:0pt 0pt 12pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Net Loss per Ordinary Share</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020</font><font style="display:inline;color:#3DAEC2;"> </font><font style="display:inline;">and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented. </font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Concentration of Credit Risk</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;">Fair Value of Financial Instruments</font> </p> <p style="margin:0pt 0pt 12pt;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Recent Accounting Standards</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-weight:normal;">Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.</font> </p><div /></div> </div>

-17631

7369

22930

-17631

2070

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <a name="_Hlk41090673"></a><font style="display:inline;">NOTE 7. SHAREHOLDER’S EQUITY</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Preferred Shares</font><font style="display:inline;"> — The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001. The Company’s board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able to, without shareholder approval, issue preferred shares with voting and other rights that could adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. At March 31, 2020 and December 31, 2019, there were no preference shares issued or outstanding.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Common Stock</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Class A Ordinary Shares</font><font style="display:inline;"> — The Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were no Class A ordinary shares issued or outstanding.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Class B Ordinary Shares</font><font style="display:inline;"> — The Company is authorized to issue 50,000,000 Class B ordinary shares, with a par value of $0.0001 per share. Holders of the Class B ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were 20,700,000 Class B ordinary shares issued and outstanding.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Only holders of the Class B ordinary shares will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as otherwise required by law.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Class B Shares will automatically convert into Class A ordinary shares on the first business day following the completion of the Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of a Business Combination, the ratio at which Founder Shares will convert into Class A ordinary shares will be adjusted (subject to waiver by holders of a majority of the Class B ordinary shares) so that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the ordinary shares issued and outstanding upon completion of the Initial Public Offering plus the number of Class A ordinary shares and equity-linked securities issued or deemed issued in connection with a Business Combination (net of redemptions), excluding any Class A ordinary shares or equity-linked securities issued, or to be issued, to any seller in a Business Combination and any Private Placement Warrants issued to the Sponsor.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-weight:bold;font-style:italic;">Warrants</font><font style="display:inline;"> — Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination or earlier upon redemption or liquidation.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Company has agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use it commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of the Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. Notwithstanding the above, if the Class A ordinary shares are, at the time of any exercise of a Public Warrant, not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but will use its commercially reasonable efforts to qualify the shares under applicable blue sky laws to the extent an exemption is not available.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00.</font><font style="display:inline;"> Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">in whole and not in part;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">at a price of $0.01 per Public Warrant;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">upon not less than 30 days’ prior written notice of redemption to each warrant holder and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">if, and only if, the reported last sale price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like).</font></p></td></tr></table></div> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;font-style:italic;">Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00.</font><font style="display:inline;"> Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:</font> </p> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">in whole and not in part;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares based on the redemption date and the “fair market value” of the Class A ordinary shares;</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like); and</font></p></td></tr></table></div> <div style="width:100%"><table style="width:100%;" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;"><p style="width:36pt;font-size:0pt;"></p></td><td valign="top" align="left" style="width: 17.00pt;"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="margin:0pt 0pt 12pt;font-family:Symbol;text-align:justify;text-justify:inter-ideograph;font-size:10pt;;"> ·</font> </p> </td><td style="width:1pt;"><p style="width:1pt;width:1pt;font-size:0pt;"></p></td><td align="left" valign="top"> <p style="text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;margin:0pt 0pt 12pt;"> <font style="display:inline;color:#000000;">if the Reference Value is less than $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above.</font></p></td></tr></table></div> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">If and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless.</font> </p> <p style="margin:0pt 0pt 12pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">In addition, if  (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger prices described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable as described above so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.</font> </p> <p style="margin:0pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 1pt;"> <font style="display:inline;font-size:1pt;"> </font> </p><div /></div> </div>

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">NOTE 8. SUBSEQUENT EVENTS</font> </p> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;font-weight:normal;">The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.</font> </p><div /></div> </div>

<div> <div> <p style="margin:0pt 0pt 10pt;font-family:Times New Roman,Times,serif;font-weight:bold;font-size: 10pt;"> <font style="display:inline;">Use of Estimates</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font> </p> <p style="margin:0pt 0pt 10pt;text-indent:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 10pt;"> <font style="display:inline;">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.</font> </p><div /></div> </div>

P5Y

14043956

Included an aggregate of up to 2,700,000 shares that were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full (see Note 7).

EX-101.SCH 7 ipoc-20200331.xsd XBRL TAXONOMY EXTENSION SCHEMA 00100 - Statement - CONDENSED BALANCE SHEETS link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - CONDENSED STATEMENT OF OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - CONDENSED STATEMENT OF CASH FLOWS link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00300 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) link:presentationLink link:calculationLink link:definitionLink 00305 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - INITIAL PUBLIC OFFERING (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - PRIVATE PLACEMENT (Details) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - RELATED PARTY TRANSACTIONS (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - COMMITMENTS (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - SHAREHOLDER'S EQUITY (Details) link:presentationLink link:calculationLink link:definitionLink 40702 - Disclosure - SHAREHOLDER'S EQUITY - Warrants (Details) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - INITIAL PUBLIC OFFERING link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - PRIVATE PLACEMENT link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - COMMITMENTS link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - SHAREHOLDER'S EQUITY link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 20202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 ipoc-20200331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 ipoc-20200331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 ipoc-20200331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document and Entity Information [Abstract] Document Information [Table] Class of Stock [Axis] Class Of Stock [Domain] Class of Stock [Domain] Common Class A [Member] Common Class A Common Class B [Member] Common Class B Document Information [Line Items] Document Type Amendment Flag Document Period End Date Document Fiscal Year Focus Document Fiscal Period Focus Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Entity Filer Category Trading Symbol Entity Current Reporting Status Entity Interactive Data Current Entity Ex Transition Period Entity Small Business Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding CONDENSED BALANCE SHEETS Statement [Table] Statement [Line Items] Assets [Abstract] ASSETS Cash and Cash Equivalents, at Carrying Value Cash - Ending Cash - Beginning Current assets - cash Deferred Offering Costs Deferred offering costs Assets TOTAL ASSETS Liabilities and Equity [Abstract] LIABILITIES AND SHAREHOLDER'S EQUITY (DEFICIT) Liabilities, Current [Abstract] Current liabilities Represents the information pertaining to current accrued offering costs. Accrued Offering Costs, Current Accrued offering costs Carrying amount as of the balance sheet date of obligations due all related advance from related party. Advance From Related Party Advance from related party Notes Payable, Related Parties, Current Promissory note - related party Liabilities, Current Total Current Liabilities Commitments and Contingencies Commitments Stockholders' Equity Attributable to Parent [Abstract] Shareholder's Equity (Deficit) Preferred Stock, Value, Issued Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding Common Stock, Value, Issued Common Stock, Value, Issued Additional Paid in Capital Additional paid-in capital Retained Earnings (Accumulated Deficit) Accumulated deficit Stockholders' Equity Attributable to Parent Balance Balance Total Shareholder's Equity (Deficit) Liabilities and Equity TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY (DEFICIT) Preferred Stock, Par or Stated Value Per Share Preferred Stock, Shares Authorized Preferred Stock, Shares Issued Preferred Stock, Shares Outstanding Common Stock, Par or Stated Value Per Share Ordinary share, par value Common Stock, Shares Authorized Common Stock, Shares, Issued Common Stock, Shares, Outstanding n/a Number Of Shares Subject To Forfeiture If Over Allotment Option Is Not Fully Exercised by Underwriters Number of shares subject to forfeiture if the over allotment option not exercised by underwriters CONDENSED STATEMENT OF OPERATIONS Represents the information pertaining to formation and operating costs. Formation and Operating Costs Formation and operating costs Net Income (Loss) Attributable to Parent Net Loss Net loss Weighted Average Number of Shares Outstanding, Basic and Diluted Weighted average shares outstanding, basic and diluted Earnings Per Share, Basic and Diluted Basic and diluted loss per ordinary share CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Equity Components [Axis] Equity Component [Domain] Equity Component [Domain] Common Stock [Member] Common Stock [Member] Additional Paid In Capital [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] Retained Earnings [Member] Shares, Outstanding Balance (in shares) Balance (in shares) The total amount of class B shares cancelled during the period. Class B Shares Cancelled During Period Value Cancellation of Class B ordinary share The total number of class B shares Cancelled during the period. Class B Shares Cancelled During Period Shares Cancellation of Class B ordinary share (in shares) Equity impact of the value of new stock issued during the period. Stock Issued During Period Value Class B Shares New Issue Issuance of Class B ordinary shares to sponsor Number of new stock issued during the period. Stock Issued During Period Class B Shares New Issues Issuance of Class B ordinary shares to sponsor (in shares) CONDENSED STATEMENT OF CASH FLOWS Net Cash Provided by (Used in) Operating Activities [Abstract] Cash flows from operating activities: Net Cash Provided by (Used in) Operating Activities Net cash used in operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] Cash flows from investing activities: Net Cash Provided by (Used in) Investing Activities Net cash provided by investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] Cash flows from financing activities: Proceeds from Issuance of Common Stock Proceeds from issuance of Class B ordinary shares to Sponsor Repayments of Related Party Debt Repayment of advances from related parties Proceeds from Notes Payable Proceeds from promissory note - related party Payment of Financing and Stock Issuance Costs Payment of offering costs Proceeds from Issuance of Private Placement Proceeds from sale of Private Placement Warrants Net Cash Provided by (Used in) Financing Activities Net cash provided by financing activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect Net Change in Cash Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract] Non-cash investing and financing activities: Represents the information pertaining to deferred offering costs included in accrued offering costs. Deferred Offering Costs Included in Accrued Offering Costs Deferred offering costs included in accrued offering costs DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Significant Accounting Policies [Text Block] SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Initial Public Offering Disclosure [Abstract] INITIAL PUBLIC OFFERING The entire disclosure for the public offering made by the company in its initial times of incorporation. Public Offering Disclosure [Text Block] INITIAL PUBLIC OFFERING Private Placement Disclosure [Abstract] PRIVATE PLACEMENT The entire disclosure for the offerings made by the company under private placements and excludes offerings under public offering. Private Placement Disclosure [Text Block] PRIVATE PLACEMENT RELATED PARTY TRANSACTIONS Related Party Transactions Disclosure [Text Block] RELATED PARTY TRANSACTIONS COMMITMENTS Commitments and Contingencies Disclosure [Text Block] COMMITMENTS SHAREHOLDER'S EQUITY Stockholders' Equity Note Disclosure [Text Block] SHAREHOLDER'S EQUITY SUBSEQUENT EVENTS Subsequent Events [Text Block] SUBSEQUENT EVENTS Basis of Accounting, Policy [Policy Text Block] Basis of Presentation Disclosure of accounting policy for company's emerging growth and the facilities for which it is eligible under the 'Emerging Growth Company' category. Company Growth, Policy [Policy Text Block] Emerging Growth Company Use of Estimates, Policy [Policy Text Block] Use of Estimates Cash and Cash Equivalents, Policy [Policy Text Block] Cash and Cash Equivalents Deferred Charges, Policy [Policy Text Block] Deferred Offering Costs Income Tax, Policy [Policy Text Block] Income Taxes Earnings Per Share, Policy [Policy Text Block] Net Loss per Ordinary Share Concentration Risk, Credit Risk, Policy [Policy Text Block] Concentration of Credit Risk Fair Value of Financial Instruments, Policy [Policy Text Block] Fair Value of Financial Instruments New Accounting Pronouncements, Policy [Policy Text Block] Recent Accounting Standards Sale of Stock [Axis] Sale Of Stock Name Of Transaction [Domain] Sale of Stock [Domain] Over Allotment Option [Member] Over-Allotment option Class of Warrant or Right [Axis] Class Of Warrant Or Right [Domain] Class of Warrant or Right [Domain] Private Placement Warrants [Member] Private placement warrant Sale of Stock, Number of Shares Issued in Transaction Proceeds from Issuance Initial Public Offering Proceeds from Issuance Initial Public Offering Sale of Stock, Price Per Share Sale of Stock, Price Per Share The number of class of warrant or right issued during the period under Private Placement. Class of Warrant or Right, Numbers Issued Class of Warrant or Right, Numbers Issued The price of per class of warrant or right. Class of Warrant or Right, Per Warrant Class of Warrant or Right, Per Warrant Class of Warrant or Right, Per Warrant Represents the amount of cash withdrawn from Trust Account in connection with redemptions. Cash Withdrawn From Trust Account Cash withdrawn from Trust Account in connection with redemptions Business Combination, Consideration Transferred Aggregate merger consideration The amount of cost incurred relating to the deferred underwriting during the period. Deferred Underwriting Fee Payable Share Price The sale of stock under initial public offering at certain rate. Percentage of Stock Sold in Initial Public Offering The amount of initial public offering issued costs. Initial Public Offering Costs Initial Public Offering Costs The amount of net tangible assets which will be maintained by the entity to proceed a business combination. Net Tangible Assets To Be Maintained to Procced Business Combination Net Tangible Assets To Be Maintained to Proceed Business Combination Cost of Trust Assets Sold to Pay Expenses The amount of underwriting fees made during the period. Underwriting Fees Other Deferred Costs, Net Class of Warrant or Right, Number of Securities Called by Each Warrant or Right Cash, FDIC Insured Amount Cash, FDIC Insured Amount Shares Issued, Price Per Share Class of Warrant or Right, Exercise Price of Warrants or Rights It represents the number of additional purchase of underwriting shares. Additional Purchase of Underwriting Shares The price at which each warrant can be redeemed. Class Of Warrant Or Right Redemption Price Of Warrants Or Rights Redemption price per warrant Proceeds from Issuance of Warrants Debt Instrument, Face Amount Due to Related Parties, Current The amount payable to affiliate sponsor for monthly fee. Sponsor Monthly Fee Payable Represents the number of shares held by sponsor. Related Party Transaction Number Of Shares Held The amount incurred for services fee. Services Fee The amount of service fee paid. Service Fee Paid Per unit price of warrants issued by the company. Warrants Price Per Unit Amount of Loans that may be convertible into warrants of the post-Business Combination entity. Loans Convertible Into Warrants Number of shares issued and outstanding shares after the Initial Public Offering held by the sponsor. Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor Represents the percentage of issued and outstanding shares after the Initial Public Offering held by the sponsor. Related Party Transaction Percentage Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor It represents Aggregate carrying value as of the balance sheet date of the liabilities for deferred underwriting fees. Deferred Underwriting Fees The percentage of underwriting discount expended related to public offering during the period. Underwriting Discount, Percentage The refund received from the underwriting discount paid related to public offering. Refunds From Underwriting Discount The refund received from the underwriting discount paid related to public offering. Proceeds from Refund of Underwriting Discount Voting rights of common stock per share. Common Stock, Voting Rights per Share Voting rights of common stock per share Ratio applied to the conversion of Common Stock B into other common stock. Common Stock B, Conversion Ratio No Definition Available. Common Shares Outstanding Percentage Common Shares Outstanding Percentage Class of Warrant or Right [Table] Class of Warrant or Right [Line Items] Represents the warrants exercisable term from the closing of the public offering. Warrants And Rights Outstanding Exercisable Term From Closing Of Public Offering Warrants exercisable term from the closing of the public offering Warrants and Rights Outstanding, Term Warrants expiration term Represents the warrants exercisable for cash. Class Of Warrant Or Right Exercisable For Cash Warrants exercisable for cash Represents the threshold period for filling registration statement after business combination. Threshold Period For Filling Registration Statement After Business Combination Threshold period for filing registration statement after business combination Represents the threshold period for filing registration statement within number of days of business combination. Threshold Period For Filing Registration Statement Within Number Of Days Of Business Combination Threshold period for filing registration statement within number of days of business combination Threshold number of specified consecutive trading days for stock price trigger considered for redemption of warrants. Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Consecutive Trading Days Closing price of share for threshold consecutive trading days Price of the entity's common stock which would be required to be attained to trigger the redemption of warrants. Class Of Warrant Or Right Redemption Of Warrants Or Rights Reference Price Stock price trigger for redemption of public warrants Represents the percentage of gross proceeds on total equity proceeds. Percentage Of Gross Proceeds On Total Equity Proceeds Percentage of gross proceeds on total equity proceeds Class of Warrant or Right, Adjustment of Exercise Price of Warrants or Rights, Percent, Based On Market Value. Class Of Warrant Or Right Adjustment Of Exercise Price Of Warrants Or Rights Percent Based On Market Value Adjustment of exercise price of warrants based on market value (as a percent) Percentage of adjustment of redemption price of stock based on market value. Class Of Warrant Or Right Adjustment Of Redemption Price Of Warrants Or Rights Percent Based On Market Value Percentage of adjustment of redemption price of stock based on market value Represents the threshold period for written notice of redemption. Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants Threshold number of specified trading days for stock price trigger considered for redemption of warrants. Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days Sponsor Sponsor [Member] Sponsor Short-term Debt, Type [Axis] Short Term Debt Type [Domain] Short-term Debt, Type [Domain] Notes Payable Other Payables [Member] Notes Payable, Other Payables [Member] Range [Axis] Range [Member] Range [Domain] Maximum [Member] Maximum I P O [Member] Initial public offering Related Party Transaction [Axis] Related Party Transaction [Domain] Related Party Transaction [Domain] Related Party Loans [Member] Related Party Loans [Member] Related Party Loans Redemption Of Warrant Price Per Share Equals Or Exceeds 18.00 [Member] Redemption Of Warrant Price Per Share Equals Or Exceeds18.00 [Member] Redemption Of Warrant Price Per Share Equals Or Exceeds 18.00 [Member] Redemption Of Warrant Price Per Share Equals Or Exceeds 10.00 [Member] Redemption Of Warrant Price Per Share Equals Or Exceeds10.00 [Member] Redemption Of Warrant Price Per Share Equals Or Exceeds 10.00 [Member] EX-101.PRE 11 ipoc-20200331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE ZIP 12 0001104659-20-069858-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001104659-20-069858-xbrl.zip M4$L#!!0 ( $.&Q%#2%8??7U< *51 @ 1 :7!O8RTR,#(P,#,S,2YX M;6SMO6ESX\BQ+OSYWHC['W#ZC,^5(BB)B[;N66ZPU6H/[6Y)EM3V\?NE R2* M$J9!@ >+),ZO?W.I*E1A(RE1NQQV6R2!6K*RLK)R>?*7_W(^_^W^__9___7SGDTG;JA\U7$L1\$SL?8]RZ$X[S?W-UL;W8ZN\[&AFSDHYO M2U'H4&O=S8[^Y4 V&(4?G-VMG:UNN]MV.MT/V[L?H('^5W[P9A@'#@P[3'Y] M=YFFTP];6]?7UYOX]6847\!;[=Z6'R:I&X[$.W[R0^"'/QH>QY^',"[U^$WI M^>L>/=UY__[]%OVJ'X6&/%\_:[:[N\4_JD<]47@N$:/-B^AJ"WZ YSOO-]J= MC5Y'/0[DOW#=J7YE["9#:EK^4/$*MNHO019_&HVLQY-HY+O!R)WZJ1MLCJ() M+4*[EW?A)]%VM[/7U D_H5Y(XK0\!?BR:OB)7T5T:+6S]=]?OYR-+L7$W="3 M &YPG%]P,3XD]-.I&#NT.!_2V53\^B[Q)], )TO?7<9B_.L[G/*&FM3F3>*] M<[:X(>3 *$S%3>J3[\?A[[WNO\QU;^2X7X_M9 M"KR+^^+P?S(_G1U$DVD4PL>D?^,G^JE3D;I^*+Q#-PYACR5?Q60H8IX)= 3/ MP[OR$WSV/?QF[(O8H1D*>[$D^QP,_O[NMS80:;_=Z>RU?]G*7\N;2L0%CDY_ M 5\Q=WX0-]/ '_DIC\7Q?'B.Y8$<]8?&N;W[33U6/;E?MBK[R4>V90_MERV+ M"K],1>Q'GD$36O[T-Z3^1KL'[//+EOI.M6"\\\N67+U5+V7?\WQD$C^L)TNKVSG_=LF?;Q-"C*^TWV\M7S;I4]\91O$[T'@)LGQ M^"R-1C^L105"3**0?O[(TUF2*[@!:OB9<4*1)CD7E(DR;^GO@15+A'W.A\0; M_[WQWR.*OTH.PNO+]S/X)HGB9\8ZU2N'$_I@3>BIBXP[GEC]I23&,U[OA41% M_\%%Q7-BN$]9[*)F]WW[>W>;>>X\,CYH'LJ&B>_Y;CP[6/"-!1=GP<[=[VKM)8U SY![GLZ:X?VF?>Q&R8N.95RSC0?^!+! \^#1QOF)3FT M9F+WK8YUX+\+J&.LD-].'3,5\HZID'>>!I-7:*B+D(0?NR-)NL9NZ'[OOK^; M66.)N\W@Y/AY[)R52_<57Z0T(>][IW87VZG=C>[[>]JI;QK$?6D0CRF"F@_D M-RO)HUA)'O)8GL, ]W<&/5_.>>)GTNM@V_9W>;$%OGV[YC[L(<47W;F+G=^' M'T9&+>%]?C;+O4KO\;/:WY5+GL3I]U,WO&##*7[ZZM[XDVQ2.'U>FB$!9OI! MS_O=;_C1FO@J3YC7;*Q898#54^6E)R5BGF:DP MM]W]!QN_[;NGNG8%94O>I?12/BG3/"<^+73EZ-Z# B 7_%]N#!I1>AR?^A>7 MJ:E.>F)"-VW]S$GLC\2)B,\NW5C I?!\K43U[K@ M;6?^U,^C>V>"]JME@O8S8((%C0]S> +(< 52Z"1P1W1PR.>>^'5ST75OGMT+ MN ^NA@G>3H?'/QU>#?.\G2JOB7G>TG,?*#WWN;/ 6U;OZV.(MVS,MVS,I\2V MU2E93\K,]* Y2GKK/CH)[L^6_X2FMAI3]^[W8E[9FY/B(6PYN[#C'G/EWEP4 MC[%RS2K/HPN7!SI-_V-CXUOHET#6,OP.J80_=G8T-2;"3;)8\"WZGU$J?ME2 M7W'C^&)5$]NZ"<^_ F+DX\?GCK*)@-6(+ 5(]\40=A^^G7VR>^.Y5;]/S7X2 M833QP[J&":#O0X(7_J2NY7(3OVP9,ZB?<*]$,^YN"G\N2K1NF>YUM*AOI&8< M5=,V&P'&.,^F@2AR!GQ_&) 8*/[B"?]#'W[P\,?/@7OA2$X[1:B_>=MM[ 8) M$*;42-[V01;'^*6?C-S@W\*-#YG+E^IF0QW432WF?7Z2^)K\R EMH\_P7;)4 MI_^0_=6V5M"RW(:@I=FI;+'>(R;A+]=-I;_S#[@&; MR!L^)&EZ -_';C (/7'S=S%;J@=37->V6.HPOU61Y3 YSE(\C1"TU>I]E8J" M@]N46N4=[GABY$]@ _WZ#N:QW]UOXW^L630,\U&G]'&A*77;>W>;$F_T4S&- MXA1^QR$NN:G^C<)R7HO%?@_A6+J 7_\:1]?I)=[,W7 YIDSC3)C]5K98ZO:& MHBO)8L7[\+:BN*Z]8H^?_4#$![#N%U&\W 2/X !Q1R,1X $N/(=:,CNWFB[V M.X".8HPBO1(@9URY*G=9V.H6B_V>B@L_2=%O<.1.EA-D9X3JZT@+HO.[\*(D MFE[ZKO-[%"#S)LY!%$\WG<%@8 [,[K(XH+-+$02K8#"SH5(GL"&#CUGBAR)9 M;O>4>C%;RKL!-D,*G,TFPRA8JH/!R?$!=V"UP4V3MMH?C6 0WO%X#!P<7AQ$ M29I4\4O)S% 03=V";.JTV[WM7=#PYW1RZZ'DLYPSDMYV;Z>SY$ARNW86CR[= M1!R/O\%1%U_'/HDUDJS5*U%CN/,#-[G\EY]>>K%['>)SYW&6I+#64;:B'CD)X)B M2?2#B7PR@59'\!S5W#@.O[KQ#Y&6*3OG[.B9L^F"I-[L[)@3NH_Q+4.#/+3F M8:FPWUZ4"KVK'V)2W_DE[VP'1Y_O8;[ &O*+1Y_L=NF V&D4J/G0 MWR8)3U;M;74\0O\B%J OD;Q9YH0KC1>%4M. %Q_&PTSH 21K/PF2Z:/A M( H3,O=I$_&%4^Y6Y*JY?CQM =3> M["PH?VJF]RSIL[\$?=J=E=&'31M%[Z:\G[H7=[HRMS>[>B'G]5,>$YI;/H*\ MD.5*3W$3-VWL4@9XT^C(XVN/K:J_NX]JCA5U=8/Z9X3>#&U>(%(W^BQ6&B"P M4V=::![@HTZE)C"@.)7. TQE1<@O3V!15@0_=!]K@OYF#FHXB0)_-.-_SV'\ M'P-H8"F-\K^"]&?/O_JOB_1GQ_C[__SO__6_\./42=)9('Y]-W$QEN)#>YHZ M^+\._/,S=K+AAQBN^4%_=@/_(OR )D1_/..OY(B"YB=WKY\QC& MN3%V)WXP^W#N3T3B'(EKYS2:N&&+/K<2$?MC?B[Q_Q0?N-]W:H0T1/Q5C=+S MDVG@8D^!'PI^\5H@*3\,0?7@-U50/BYN!GH4AQP:08\9.M_)E//SMN CP[1A^+XX\S0"0USZ(_2%KXQB3P,X?6^5LVF5)$KG.M08]=9PU?,(?YM^./9_B$.:QUZ":$$:7.Q(4NW!_"<=$G3&<] MM#02,3J&''$C=8C$&IA+/53X=1ZE03$Q_SPU&0H9K0,R3LA*)YL1584%CD.+IR VP8=\@% M?ATZ4S=V1Y<9-#5U9]PSKM$T%E?(.[ J_*+P-E^FU/B*M^>EZP'3V*)*;B0^(G-VQ#,Z<'&<8CP6%."& MP_,BV1!\=)T1'O-(CB1OTMB7&8;F$*G@8G2)J)'8X3I)BZ9MOA0I-IUS6;JY+J$$X7>@7'B$MC3X";K MYW%]Z<,#$P'?\Y"O+V&3NYJ,U#4['@S*R],%NX:CC*R!J3H5J'4/N 6X.]+G M OY59,H644W.@TY&7(N:8Y<6RO5P:A6LH(?K\L\I;/>*73#W?20MS!B/S0D> MF_1J#/(S5#RA-")]W+[_.3$X,1?;S!=N6'$\SB39H:=0^/1[_W.SFX>*%S? MYW,8&$$SL^$K1;DS"-/H-K$.]PZZ/2_,=<<,1FZ:E3'Y(Y&>PYCQB7Z2B#0Y MCSZ*KW MXYB]\^@DCD9PQU#W09"$0\P@1/%]AR!A'JJRK=QA$.94R+M_/&;3 M[UDV_ /4D?,(=LT8CC>X' W&%24?!LE1E'[.@F"F LJ\CS.]XT7\8 &^\[*& M]LS5O:>YOE'SGJB9>Q^.QZ!%) ER-#ICCL/S*'4##@I57][-$[*KIK5K= QW;56.=U:8ZT$&+R25M"'M;8VGV^QM:CX_-#9WO3.3D= M_+,/?YY\Z1\3IDX$>/(.#.8#+@F!KD;X](_<@5\L[A^0_AQG0 M41S(=T991P9N59SM@S=2Q[VX0+M;2M>63KOUOM=K]7H]1W*JHUG5T3H&60*F M%*X#[_R$@4]X-:I_I45W6JLS-0:SG=W6=KO= C&WZ1RZ<#NK;0^O@"(/PJ76 MHQ!NF61 Z3OL@2D.4X^3['4MN.23W,2KOZLCE)VU1 @':Q,[>^ML,I@J*: YVN!8["\]@LP_?GM**YFD5S+D5 !G)\AI)^')GUL^D,K&NUXT6" M#8ID7!$I6I.T1=Q4@9!O9(OFUQQ6REQRZ^G6#A=Z#0*X'=,=%TDQSD)/VGZ4 M/UZWSS20N4IKQAI5F6X-DWK@7J^3A67>HN!8Q,T4FG&NHSB]#(!&MS2Z/HKL M6%J"TGOZ-3+!A,-D^O.JC T+G&G6" M$I$6WV'/;UHG69QD>/A*6=RH:JB#*0$.WC;.B3G]6B.L-(G9]_+?41^J'NNJBUS.2:W9Z^Y8 MTUQP\/,G;-Z".4L%3;UY$".WU1_#_JV\&6,O'V?J7K+RC-XRI592QW;QV,Z' M(-O\59*QI?>V0@_,S['FKIG(KX"E8Q+7[O?O^P7AU<'*\H#O/ /*Q9U2> M:@*_O*!YXG3,20-=GN^>*_)(\_9>AB#SZ4@ %57O6K3<68:6^QB;-]C\2Y&T318U&D^VQE28F_VGLK(*9.8-6H'I_] #-U MC!!B/8%_D>=&7=(QU_5X/"_(96[R]Z[.OKV/L7*=G<;)+=V[ M,9TJ\U!-8N@=DA[MA-_F/FL&5XHN7(F]K&I(A4!#Y6\##9D3SPP]V,1V5IZRLQ,L*LU7%TC6 CU0-54+3-]?3 MNA.,)_0^I_G;CF%QC8@/_>6&0>%[*X&@M9M[T][?WVGNY:.;^"") M^SJ\_'&3.6_M,;R;GXJH@.Z-$Q#Z*!QQ?G=)JGH^04(8K8+)!>1[0_&9A6[F M458@+#H,WL[_,;(N* -I*#!3+1932E22B0JQA^B,,BTC3UR8@H <^5-T2%V( M4,1N@#ELHY&@; H9!8*<#)_H9*4EZ4]@EB/7=HC]M=\_L=Q@%,]#%/0GQG#] M<*P"RCF5ICQ SFJ$$ST;<=)?&CD8A>Y@ 0-ZJ1^G_@BNXOLX'#C^LX ;/-OX M[XK<4WQ#)UNAEN@GB#50SB<].SPH>/(.9+:H.6J8UCB*TA!]:WD.)$;NQ!,B MH/2(TMPJUZEI=9".QD+F*X[141,$D?-:Z"^TO+AQ%LAYQIH8B:;$X4'-6NA< MUTT*\J&LS6!&OM^9RFJ3DW%@9G)A[/53I,!TGA&H6NBPI#BQ/(II:FQA'%0^ M@&G$.3F85)ID@735TD:*XNW,_%C+@ !J%;Q/T'/?1!V 9.M]=R\%"FE+]K M@?R6U/>K$.U/98HT-$."<'_C[ZVY/6US3RPPZ:M>F[_BB$@E#Q2G*=9*X9XE MG G:(1.'L^>^NC%P=Z^C6I29[8K5?1)Z'B5 7ND@0]4NR*@A9N)-.4]3=3,3 M;HS-(]$^04-4,TUW04(VILS0<89;3''\*F(9EE.U"NI9^4J)F%^P#UAHT7V M,[@ZJT]6,\:^Q#CL&2#4+5RI\/_0GG+E!F1*20_@RH%;J@Y)^%;7B(4Z>QWC M6_R6T.OMO=(AOD'6+)5%0?C8*-_I#X..+Q-^PDS]'TEAEY#2!H=[G&[ F"9P M$%T)J;^I-'0X37R8(IS6$U37_'3&9Y1QSL%9@R'D# &0IU;PV47ZE\BI:X,0 M>+YGX#\0K(+].)[4T%_Q$(5E*YQ[G?>K/-T6VF'E35EX_A2(";<].+EE>_87 M9LMT0 _"$>A7B8"IT?_#Q8LQ;M0-[!0TLD."SUCA\5@ACQYN'F4:?OXT.!B$ M>"WT^I,[Q\'+L+_&#@IC: "\KRM=T%EFC"7+)9LN[]3__4RAMJK2(TU!!VAJ M^\2!BU4S/LXP:MA^]@ZE#W20T[R]]^#']N=]O[^[G;GG3Y7 M7/77O ,9$T+R1(G=3>?@^.O7P3GF<9ZM1 5Y5BH9MX3/?D ?A3_BMDSWI,." MXG78:LQ<$]>&U(H9AMB] !6,,OO0AL464<1PTC:,CK*6Y/D2VJ[Y.6(L+?;, MMQIS74'7NE8?".H)48Y LY/P3MF4W=(2A19[^%<4_T#3A')ID1O/6<.64,>K M3M)@O"B*$J,F&8)(9FS,S[T$)52/LGYDV$CUZ'!P-2_8Q%K7R9PR(84TW:H5 MXEQ-!:>D5%[],.;A(LJ6@74V)F@IRC9=DQZ$D9M/O[AJ48@N!W36FZ.6=NUJ MHU@UZ66>K\TDT*\QM*I)$]15-N4>\4+@"=@%'HQ,*(V/;QD?L1I,E>\DU-]C&Y&;@_ZH*2>6O9PV"'(J>87HS3#![8[NP8^'@V M)-^F\WMT+:X0?)"-BTW2Q :\,X=&+,# FA;<'@/Z$50;7")]QJ2S.B%71):( M\B\Y/B!=%X&(P@ (9%1"O)HJ LJ=8*8]@TJQ 4S(-D[[>BF9UHVE-$'42L8. M1>.P,F2'HF#''E/@CP*P)-+7<,/+]QPL>E*;D3!.7W'3BR>/MJUD)F0.&OE- M0>DBVB_9DYVQ0'&>*WX_(7Q9_E'E8I+[SGBJN]]ZOT\YG?F7\H30D!+,^U9/ M<@/0MIK*&&PIKZP!:Z0#EV[$35 &210(\EGPGKJBO5L4%U=I*9O*0ET]M>4WOML_;1]15([VZ%++46,5T1.9_*#.3$+FANMOZ&9H@5C[ M]O=UYXL$I:XY:FISR&%LY!S"5$T)T]I_ MOU]H7>I\2G*8(*FR!Z/#ZIV^4JOL4G:&LHU"1CB?N/%Q3"$Y'*3\\!4Q+/O9 M-E5M(6R])0;[-KO[GET-+MW;[!Y@=O=3\^1M#A]K1 M]T/SW<;PVWLE.*+7-RC4S2H:^42><@ M[>X:Z_M U6L-$ )$%S"*E>HJC\$LC^JP(]I&YOPIS&/$!(@E\V"B./N0*0%( MPBQ0CK^%?P"KFF;L04?G."&;IS1I#$H5-R,*!># MP (.HBOXD6M:_]3=D157BL51J?[T#8:58=U*SPFB!(/'*#05RW[+,:(O/<^D M=X8B\,65L!*3J6 GMQ;)S*@$6-8?^R,,X4,B4+L4:2;;7:W?O';G%K=XDAZ/ M*=Z'X56PIM-Y=.+.#E7LW JAE$J'[KS.[<%^$L-TH)GQLSL2M?E"]X#)7(-& M.&]PMY]"^3S R%H$<,)6SF=389T%"%^?2!C,8RP5*_].EL*'6YX.O<*J+DH( M#EH[ &WK0CQ**NN33-VL/DX4M?* 'JJ0^3(35PTD-%EY5!T6@;AP@Y:!R=.R M(P?'0@*[<"EE?E_'_J:7<91=F4Q@P!YY1%D#D_+2]W>KL[+9ZV[M<'&M$#,]' MXT9$2[&;5/Z;#I M+,^*L"/-F\:RPC.D>8=6[^;ZFK%WA1BK[.%V@UB\ NK^WDYG9[DQ9.(\,@#M M,$E0PI(T9%L^-PE?.TF;& JJ5<4L((+(J!]ZG_P@2T5=H9!%-(MB.FI[TQS? MG'Z;!_G*H...0/Q] 3V72N(T@I Q?@M4J9*I%AM'*RW2*UU06$O;D*R:6U&=*BG4C>RG!= &BW_FK.DH"J+XPW_V/O4/#[J- M-<4688Y*M B[2E<)A\)#X8 I2(F-A:=4";Q-C=0->(3H6"WS(MQBV"9%KD@E MZ*4Z3;/ &+)N8ZAX5F972&FDSGDY7*!N0EFA"!+5XK'*"RIM@!'9<7+VYQ*6 M$X%@&D.4?OFC_(R-C+88,-JR"L0QB.TK!"4WY6:3&V"JLLXL;@= M\=^@%M/841B,D; M1D5CW8[M+B<=([XM0C'V9 M]PRSB$';\&0B)OQ,)[3J2UK+20YAH]=N["4Y>?+:GV2FD+1R2=S*O'-0Z:Y) M$$E$29C/,/!!*GD,V^532?%)!(,+_!^8X F:34@Z$5M"@L A2%9"O:VGO)TC M#MS\YQWA59_NSM#4#Y+(&04@U<>^9%$#)AI9( LE-D%*>;/6SI'<_*=$- X9 MS0..B438)V,E,"LR"!Y%H]@?"M8)\\V1JJ(/[*/(CSNN<)X4\QIS'C=;*;Y+ M7AI<<86\"Q]^",KQUVS.3,;?DP\'GX\%\'ZXB2BL,+0(:]SR%E PISDI6L4N M)IB!/!3$H!O,H!O(H!O$H/1V H]021@VE(D;5X,&X&W%O:$#G"-7&4["%&VZ M;W+LQ!GKZ2 3$M[Q4P&[B_:U80;,0F/UC#U-J'7Y*BO@ >H1BZX+PH!M>CW$ MZXA6-]2(-!)U>51+P.19\\;+,1MK8,LC,=UKO!!(Z .?RV&Q=(_%E0_;*+_Q MR L(KK#ISIJZ,XD 3>.&[8&\@=I4C%SF03.\+"3K<+IJF4M#,^ZJ%CGUTM+E M?>+^@2Q56F$8%4H\_&T)E#-XPD!TA_ JL#G01(@[$I^ MI".,O(;"ECQ0279!RV@L@T3)D.>- @-GU=[N3)Z"%A@^W6'1X=FJOPR0",#4 MZD19(?X4<72KV^HS7M_C4.[K[IY"=,+"#CX&02 VPV1*VT\ZO@^B&!2!*S_. M$J?O@R0]18?TN,5(_L "$M)0/VC"RV'?I8/>TBN/CK^LT]1) ]+C$G3FL#Z%Z$ ./(>P'3XE MLT/+\/(^RTMZF\2I=/R,T2P$!S2, W&X$\2R2$ 2>U+5HY-5$X#T.*HQ0/)0 M!#A:/.NHTC8*VBD*UBA+8/-Q(0DVAL>@:>&3(.!%'#(Z.-#&GV030R>$5O/J M$T$$IRKO0-V_/B^(>BQX69X/3@_0ND7?='9[:W^LLT3N44'TD<3DV>FNNT';]^PO^86A'WH4>24] M@.RL6:G3;%YG=Q[:K6OYW'ID]=ZT)M&4:HGQI46JHMK"H1STC8ZA*G/>*O7/99F]L%6,V*)": ]N M:[1T>JO0OSIUN,]CB_:CXJD;YI% C!\O1LD"3N]L.I\.SPY.!R?G@^,CY_BSSP='AV9ES?')X2E_?"6#]^6 EGD4D8!30]>_"BY)H>NF[SN^P#!18 M"F$]:'D-MLO#0&NT6C8#:$JG> M /EX/$HCM$TK6TL!O="_M!>JDCK0L9,8%$QR2,W"F*SU&&M(=)P9CC&:T' M++,L:2>7GS.(0'1FDXDK6: :9=;J$F:/C$B!;Z.,,FZ,U9,F*S)L14%T,5.# M(+AM';8!$M>M*_!:\E^@ =Z-,2^*JJ*C%4P@K^*0+^+H&GAIE!OBJ2QAR21> M$.0(U86":2\(>!QW.:I*F:X6(?H 'LE[%?A&;,)?.ER\!^&S7&J%XFGW"SH M]+'6)!LU9D7W ]E,BX(,X?NEUVE=9QH4O'/L2$P:\?KM>K%<0Y9#_:<J]*.R_R+W!G6C$*/8(P"C?R$4CW@-R15&H .U2&;_FSAK@F MY[?PDD+,Q>W2*%[01CDOE@8PBQY(GJ]DTCJ4800>=RT\_U)QDDWGN%ASU=Z; M6LI+]U9=7[#@^]W6O@Q_1DT^*6LT**SM&"22NL7*#Q0N*P.]Q_752@J^#FH< MT=$]GH'9L1PM8PE4[T+E32,6SH#9=>V3JECKJ"E<&Z:@]!L*$= *32(: M+FVZGSJ8+^'DR/-RF\DS(TGR'8/YLOM=0HFF1BHD"%"#8L![KV37G/F3+$C= M4+ '3P-[+X;$W]_KM7J]7E[CIL3<];5Q; T>S2&HSXPX_1DK MM]':U[[/$3Q3^?-4_PQL=G;PNR-SA^@.\>7+045E>'Z@P/;-3-;9;6TSCU4> M4XK)ME$DU%!8I==M696(6O.9E*A773]I\ZVHB-^+&5'MARCL(05TE>=2/G3 MWAYW@VY3\@-'5K)CH43/3YW6[FZOU=ZE%RBS'^]T5%L"4VB C&I_6#4F2!&& MH5 T%ZDD+16HXEZY<#G#H \DJYE*:>1O.&J^\$K88O/$08UJ.RC!;'_2T7. M6T9YA(* S\TL:X538CW7FC (P]R\IN3*#T9Y2C95)"B^V%#MB^H>X->>C"\D M]E&0#"419'&7+0Z;[G/,=%03EY_XMGFVZ5S@J1O2>/+D(-8B9",3X89D/Q84 MKI+B\8XA-[1_NVON^EIG=SU?)U5S5Y\#?8Y*[KS?YEKWH$11*?G2O*K?+2H8 M5,C7*M_;V=]Q/'>F2_>V.+1+:?;A!O>7EP/6UU0RIZ-O/D&-7@1CW,AL[YE$ MH=R2=:JCZ4OC6@ M//H =Z_UY2IRK?GR#0^57W^8F;G5'*=360JGZ>9F9G/+:=B7K- F0]=0\(2:5(>R7),5])884:U8,NA@MM&5J&T?QTP,BI&NPN7] Q)/4! 7 MG;^J\-.( R5=LBE<7PH98%=8@42(']:8> 1NT+!+.('1RT9IH6M=%W#B>J*T M/_-:47@$8)V=6.2!OA4+6E-;D=9/94K1(HUY)6/XU4V+2ZI.L]HB5BVD/UH: MI;$:7[N.8N5BW)9O0AV ML@=G*4L6J%8DT<+F)RH4M"@9W%EE\:4UEUDG2Q)#]=]=U^'TDF5"'N1D:M8U MK-G,-6Q>90FHE.[J&O:*I3A!;4D)5RTSL#JI;^5Z,JZ6P!#0\,*GDE*4-M22 M9D.9.J +<\UA(JJ2!?H([HG4^6E'JJT=7G5"TUI4!V@51XI2,JD4DRU,EL)H M O^*5,3<,@2<$P69$6);<($%[K5LI&%]%!5SRP?CPIE%[TJ'C:[[J13V4N N'D,> MY9EQZE&Y*I0"-N3UI:.$B*Q.,_*C:*EAUU5E=Y!QUE$8MZ+7F0T,<"B= MCCAHR9ZV3?[L\*"@F%.&H!\4.O&BD4QF1K^^Z_--(AMB,(I$V4M5/K\?&@Z" M1(:C#(5EFZ13\F9FQ#QK/0F&E)]R:J?4]2EGO'@V%4\;76Q66YCG*)-$"T.%K%?>2.=#C"F!GJQ0&[$+ M:@3?I4UN7'@A-YV^D85:JN_I3R;"0R\E@42.\/! XDW=V*6##+1H%V9N:N)* M8T9@QT 793:T$&M-^9Z+EU&@"EE6Z?).'(O2B8@%HCN6!"=WQ-C4DF>Y=$)V MN' 16("W#\,V+EO>\ 4I +"=D+P:]$8ZVL1%1*1>^.QLNDC5'RE*6"\GJ#&) MM*S-@L")+GC-F9O1]S[&7#8)HI/O0#EVJA\ZDZ<4*-*)V@APQ$[*CQ,TJ/1+ M,O!I3+6QR49B'@@7<91-[8QX0X9)X:;R;"6 M9,@6=RSZ^WSV%RK8%>?=FKM^FT.D<#3BOK+7@NZ#'8I.)XP>?;-BR#@PWYMN.[(I' IN-F\#7TJKQ5V.4]Y M1'VQ6G=D\R*RO(=0-*2+L78VHJBPU)^4M6J;T_/KN7&F==KMFIU3D*Z&6.0B MVTVW63^TOCKAF)6UHG]E75N9JOA)BCZ=B4N1*Q+1LA:U4O(G1FW%8D,M7&50 MG0JM08-N0%FCQG2EP3 IF0ASDU&CV:]"5Y#<]4<6FFJ-TKXTK[PBV6-=[BF> MG4WKEJ>H6QDC6N MVR3+V-_2J5VK.?X>76,.<4F/4"CE%V;O3M"K<]-IGS2>;MGBCN.2R!F$<$!X57US=(7R"5Q(R M;J@,@_QTQ)/-MC+BUA)T]V@9'&N;I%O2::^->.2^;^FZW,C.;H(ZM*IN3D8# M#0VH;'X(] )D\1@3O<8RFMLPM=ER3<6HR,\P"&ER$VRK(70 .1I6O&D;4XEQ MC"_1_F7=A#18 C]JDXE$R4C6&:(QMR7F.(P\ P-\L4 F93K1AR2MMF*? !'B M46YE?G(I(RA91I6EKA(NKNW)H;@^21[= L;L@\2IQ* M HRX;EV10#^&KFDQ U=ZNX'+%F.SL78#D_S*IU^ZA175\,K3*183:76H) C> MJH!F'R,W]K"=3X2/'*&72TV:+4V\MIA2HT;AAWS+&^'.:S*O&O;K>DL:G_#D M3"),@,#U)T9M@2C6J(HV1H6.7;")3K$+Y$J\TC WQBJVZJWCE2X+9@>78[G* MGH!*@[_I9">N@RT>9,E"S@1NZ7.VN,_@KMMT(?M[9&P%!$LUMT*EN;V@NTI! M7!\*H#8]C0+&YN.(T.=.4RL<*&/7#Q+#V#5/=:H^4&ZI%SP3=6! !FT1R_V5 MJG(>"HRHP:F65M]B*&; 3S6C($I:4!0 4BYJ+@5",-K:3.UL. U<^,D'L8.9 M C-G32&(N&&]*$%Z(S@'-9:Q7%@G@0'$NO)'A.@4,EX.Z:H1FAHXD+,T1.5T MU!:D%,'0#;@3:1= ABPJ,KD+BQ"^Y $;4?!*'MU%)"-(2NE1,_V9L#.;HQ%( MEW?6.NMF4*Q M$WI,Q(T89:QHTJ4[5DA8$D)&B36ZZ\*=%Q%=$GW/+;MOZSIG&=?(M)/0<.U4 M!?_6AE))RZ4"R;%P5'/UQ<0JS(=CF)=RJU*OV:IDOU. <+0.59F,FY-9$IF" M.\5$(\=EH4#/!JCHY"/4IEACN6QI8WNB$_S6-V2,%"9R+=7,.96#M@(UO,%\ MP$M4D7Z@K!S&QF0=C!O32#76H.@R14!:M*328E"Y,:HT&.!2I#JZ'>2%F[.- MH66@J$=JEQ1D2AM"+?76DK'5)-Z$X:XC;<<7M2*/K!3JQ99:\5R^&??V/-_/ MOU*Q$[3/8(U1HVKE.U[I>6HI?_@4H>>P"VL285Y3O>!Z3@?WTEGQ])Y^K08N M_6XYY:O.7"[D12-?Z3(C&$Z,J/YWR-C>V]NU\(\J.[#'<,(!"'H"X87"(\(B MPVCB*Y<1N1MZ3'>[]_[]^WR0"XZ@,.Q8SHH>/''CXY@([Q'LLT)<7RI3WZJI MLH/\P:XW]TOR^(%QS%_^,=C ]EME3KTSMP16UTO,E)I< MRI,(>=)4?1R?XJ4VK[I7[$*9M!?#O.OL;B^P4N6)+#)YG6>WPFJ_"PY7=5T_ M3!-X:X4#+.)[U75I#\Q _IH96;J/BM/U)'"Y=C:=T\,O_?/#3\Y)__3\W\[Y M:?_HK'^P$OBMAY\AOX@_?SUY(UX(O.1THR,VLL:EB-'#^AN\/5X_,&CXL@)_8,& U%Z,P( ME;PN[6HM655#X]#KFHZ%PQC(HCB_@JG%2A4NQ=Z?0L>>%(N3R_!5+6HK6I0C#:*QYH0V\L*:2( K5,6UUQ@KEK,%:Z*_3*8R5 M4&JQWYJ@%SZN4_BT^)],1F?7"?*UFW45SA-@NB=LNXCJZ1)DB#Z0:?/5D(C" M(Q.N5,9P)3]UNE; %45&LWR7J*/\-? P67Q)XY/#!$76L8#^/+^P@<&_I[P MFMOPHO2%?73F06I8UFQ=ZAR@_K214;C"-,:)RH@D_*G7WC!^4CB$$KV0= "5 M$MO9:?/;O#(-9^3:;-T(Z @K'+HJ9"HIQL4I\%47KE(7[L0U<59S*-8RSBK[ MD17:JAD$0V*8I1K%B!B8EW.Q-E"?*45GJF%(05?''Q1&2(&T1M5G/5),)P - M8'9G(?=D;B]][XJ8UI !O9\=>:5UZ$[[^@2ZRT2Q4]$*RHQQ>_@)K@^[O0X' M%6(LBXJ/- L%-I[AV+FK5D+6!@PW=,C#$"2K0DC"0!$*X(;I>YAQ*=]2-8B+ M$=\$ <;CDZ7DIZY/VL]G,8SYFH4HC"]^E6NV4FE'G,01)F]'0!A4Y,TS,]\C MVS^;W[_"[3+WEJX57= :2)0*CZ+8)6E#F;=LJ/AV>G_Y]!E&<1Q=%Z\5<.K# MB3>%764P?,\&#I2_X!V@?$^V(7EY+]+H^,I0LPU5WH74UW-]B!)+_I:!/M1K M&S4X-;[4$IH]CH0G33CMYM#S:#T:JMK\B@*F<.HIH$YC]QOW#(6@/7<\9=2X M-YF1GZ)8EH]1IB":"AP=7;H32?#D*I'7V.5\B M4.&?Z=QD2R'"J03E1 BNUB.L6PH#L2Z)=*(86%J6:_B;KF3*W-B824R\+C.= M/)6)A2'Q7-_()6TR50E5I(VVG""RXX)E5H&;J%AZC?)C(=C\2Z*MJGHBO-YV MN/<9&IXK'\S1:03=GB586$$M2/(SV!A-?FXM9O156 /J]$9Z:H#Y@-(];#KF MT'0M+5M:.T405.C1&I@T9XLEQL8R4J,X5X QY]VA6)-/2L+J]W*D'SP_J0ZK MPF^KS92JC,6O'F2>8AY$6"3%Y!6<>X:9LR;HGL9_M;!]*W-4<#79NEO-)IPT M6VBQ,@U%$R%+E)NBL>E5EM=:PN];=!BK^NC'8[.13V*X3(S!7'?['ESZS.'6 M]UH/?K>#71FE@\[I;P? 6IMI=1W?F!D)61#PB#P)\ M,$+2!J$-Y'WKL)V:J)U\X,L,Y/&G0.%ASV$2>1W+; @2SH<;L-&55"'&"I\PB8>&WJ_397ZK2)\4_266GFBQ6,'H7J(*& M^DJ26!.[]?1K&;4TD/9M!H)?T>^W#LB'KM]O=LV>=9NWZ6O1(+53G=*MG['F M>4@^E>/XD#TJ1)T%5W3?)N23G,[^(T]GY=NHO?@HI7BYMYU3UT?54!:-U7Y2 M98J+.EEQ[K4ASTL%7C_E*7?;>\6S;,[,_8O0!\T*]J51OA9+U?HB>:6AE%VX M_7W[^K5_^F\L;WHV^.O1X//@H']T[O0/#HZ_'9T/CO[JG!Q_&1P,#I]A:"4] M^!&CK? F:>:1OG@3L[:D6D6BLY#2L3E%IJ%!HZY!%Q0 M@&3>= ZDSO' M)1)P0&N9#&89328(TC@G0:'8:*(:%K<%(7H]PC&Y5.;!6+A>)>1CK5E=86!D MO #H\:E%6TD(P]VS4=5S'U=/%]G"X [DMZ2^7U6F_I0V*H5"DR#?'.9"Z;;1[3-26S6W8E5PO^WRRV5J$AJ-)BA.'KYTB3?\LF4Q A M<>H<9W'N&CG#K[*IAD2"'BNP4/]V_/&LHOP: R:2VP2AC3G4BZIS(]"/U#?$ MC08V)]#M*]AD49;D)[8-8_ 8C,K%(<(H'$KH6%AYGQR=7,(EK!L2Q2C4 MU>>"'7*!7U/6@CNZ1% EY=LI(C_*NA!WTQ6>KM3XS%BKK1PEO]U=&ZXC_)UD M&+4EY9HE#=Q/2]G,WR', +*&S55;G1TA+0M<(HL!TK/9YAPA M*^&,L+Q)8U_FH61F M:8!UDA9-VWPI4K#ZH=?" /0F#_0H3^W+"WU$P'KHP9<+29D_J)E0 8ISRKN MG13FPO JA.44'T@C"NJKYP**F5! X&;"C!H/G$Y80N0J(J%K@\1A*@B](SR5 MZV%,@YNLGX<$,Z0*?S3D:P0[=C49J6N979E37IXN##").BFAN?&IP*Y\NL6/ M(WTN$,AE@2DM#S^#_84U>P5CN:BH.$ZM@A7T<&6T10K;O6(7S'T?2>MSI,4$ MCTUZ-?:3J#D@IO(J(/'=*X['65Y=.I1E'.MGCK?!II^Y*5R*B.PIU"$I6<$]\)(/@-Y[T M(1PPB!W_2G*K49RPM:C&=& 9,?!&B]891)_,C4FZ84S]43%M0G;IY!)DUP;Q85Z'7>LR MP) ^3!'+>!IUW2U3GJSMSGID7O&0S7-D8A8Y=6U-UO,]XQ)!NKG]>&7Z#"U; MP;37>?_R+I_5C*N 97/3, &UOKC9KL[+9ZV[N<* 4[);[@1FO+6PD*D[@-:,.+XXCJ_3 (@23".4<4 M_A.13I-3JI:Q0Q5M:AJZ$* MYFBX,"BW4.XG8LV*WA>A&/NZ2#TLU96J1HD_PSTCT7TQ5#X<4#%[8*_9XJ3( MXQI%:7-:N51R0EI;$5.(DWO8<07S@0T+4L?CH],G/9BT/X1HH/K+< "3A8?D M$>/(6/D0592W:Q0@ ,2+M]<@%@(E\H72 IE8>T=H[D MYC]EX$3(>8;3&*XL"QA]V( OH9D8)B??'*@H)5R?'!Z;P-4F8W,AYYTDO"^J M>-QLI?@N77=PQ96#GSP^(0..2#9G)N/ON=PR/!\+X/UP$YV]\AX@MX#RIN:D M:!6[F&24G4P,NL$,NH$,NB%-D$/$ZDDXCX&/*W$#ZR\S?894)X6\$XROC!O4 M5@9UWUC8=A0SS)K,BF9(,=A=TK"L#^,L-%;/V-.D.>:KK*[MNI84PQ\TO4X% MKK090(U(![R41[6$JFK-&S;]B/WQ >6F.>ZUR^8-G>*NI#L:+V$;D3C@>Y[$ M9((5-B_7RE'3XG%+,!J\[\5DTX-F>%E(UI%?2BYS:6@&UI!%3KVT5#MDXOZ! M+%5:81@52CS\A^P_+U0.%9P7N@NL,SRML@C$: +LB):P9\BC@KA0BN*%GJZZWL< MRGW=W5-A-A@_2DF1F"PXF=+VTV N,2@"5WZ<)4[?!TEZ*@)?C-FK>PC,$4VP M^!4[RF9VG=/^Z>&9I:+U1Q+&D$H'$J/A,_)["B^#1<2RIGA\&#) (QI:2\B6 M+P11BC#V+.7R/9ASUI)YC@*=\2'?@HC+9.E/8CIRU#-^D8PHH'I9.KH,52;T M/9IS.CK^LJ[J6D779I$?=/B1/C5T1S\<> XAW_Q$0U)V]ELYO":)4WG]&J,/ MDNMX8[@/H6$E& X@53TZ634!2(]3I=I'(Q'@:/&LXW1D2BO5OFR.5^6XKQ@T M+4*Y"8#I0@Y"PBS_238Q=$)H-0]R#2(X57D'ZO[U>4'48\'+\GQP>H .4W8J M[_;6_EAGB=PCK(&1M)_NY)^L91.CRY!29/) ^ULT M9$^OS1,%HXQ*RATBVUX9UM><\_*24Z[%=$J?#U5K_S>IB$.A(G4ZK$-IPQK!T%N:IW9%@4 M+P>>FBC.+DQXS!) H9&S8GABIK(2,X@ 67ZN^&(UGJ3SKV+7\G$):,.Q/_HN MF7L="N"C.>QHH=^6]+6+.DA+A3E8"8Y9@2PJ2685[%M+A)# L'AS3PO*J,6( M<]9T% 51_.$_>Y_ZAP?=QE)?BS!'I19LI_N73,&>'W#,4F)'W"M[7IC&[DB% M79 RW,K=UN@;H>!01:XH-E 4Z#PM,H;T (:*9S7F4LC 2%8P@(6(VN*Q0L-Z M XPH?REG?WPU<>$ A75$J\4H?Y2?J5>H%BFP]C*JQ-NW8R3A($RRF(Q7!Y$4D Q* MWF94\F)X$LLJ9&8&8)%Z(5E$_$2/D0P;N3=5*AQ6X#J%S'!KD70KF0H'$H': MI; G]T[U%Q^0+ZI9_3.F=/Q3%:G-V6:0L\V3GYF^#U-^2EYQM^Z"66VZ5:YV MS)+&6J9N4F!EM8MRJ_=Y- 6QNM\MV+X-FG[-36B%F&Z,7[V100SD9,%;"9DR MI/E'8V_GBK65+9+GB%C>I 3+G$*[E,D@O?PI0<,:7E=.]7FNBN^IH(M)GD2+ MQ@6."WM^,ZJ#Z/J:RZCJVY&T7[+]AJ,G\^CV&:BY.G2V51E"1U7))3+18!G4AZQH3NJ67D_._5PKR4V[^.7>_9,I\ M7WN@3ES?&X02DFJQ(D_MIS*+(A+28L-_\)5X1.2#^UZZQ]W;?O\2^'W+? M=;OO>_>V@,]WZSU-S)'2XK7W[K1V:*EY@?7;7-!H)]#E]]^#']N=]OOV[E[O MG58JW$5M1D<6-LG>IG/V>__T\/?C+Y\.3\TKQ)ES^(]O@_-_OS[S"+=4@2VO M@D(JJL4M0OE%T.B+F;1Y@6;T6*("[%#!,L9-IA$)OA;)FEV$7SMUC2OB3UP' MW#(FV'?%880)/Q0LI!!HR1$Q%(4!C/T;4HVO(LYII>(II&-38I$GT(2@L""F MT;6(Z::F1BGSE"C,@%1V+-SD(P \!QJR4=8-C.HB4\'(%URFA;Q=0!F^OLH4 M*6@U=P I5 VXR?H*C83KY[0*R;9D.I1&[[$C7+@5(R.IZ(DFFG +.4QM5;)G M2Z[65'.-N422@+G=54[0B$!P/2P A.%*1E:'?(](6W[;*HFF/U899$?&_0[X-ZPH648DEV']I MP(/ 3!5*+A]3V4,42=S6+7=C7;]O>W(!]OOX&.Q7X+Y2!;G;E^N=A"Y9$AI$*IRF@*BH)\JBK?W=):.)Q'*CQ5 M:/&+22I8H,OB8S6CO.+R0%R@D)+1,5SQ JM],YH!5X2;('I(3)$#C)/&U0-Y M1F-@A]@N#,>E&"D<%!N^QLQ'C7$PG%$@U^O@FW.#3QZE6&\=*ZVT7&\.[*:! MY$:N MS(\P+JSVD<"QD$-H!T/U #UQ$/+<:%5E7?5%0ES#6#KM>NCYK^ MT!(]+H<:ZSS$6D&T7E-GMTG5H M3L:PI=@JCK)HCU?ELE:KB,=? ?Y.-/.9$ M\DVW_1>KS@?=[K))W1VHII)O11F0IH6>!EFR(!DHQ;V&&9OX<+':-,Y:R,G8 ML8;'3M;-:"W4.6I%0/TVT2XW/D&&0G]!A:)F5/=6Q!P345LC%A^L+VNB)FO7 MDWOYDGQ19531Z8[:I^1=376,38E0_[#"N1@"\QH$@\G4S"B;SE'DC&,N4^ & M15DCEU%FJ$AD KF!"IVSA:4X(MD0Q4/+!LPJ?2A/N4:?NXZ!O$9=W/(!U52Q M>+@.'**2K#4"F"&A&Q-1:TCHQ ID<)-B8.B M"F_J9K.0TO;=.MBO'+.K !-&]6>5PJ4J4L^KB6V?KW,VG@R9# W$,1+0)F J M6V=Y%+&@JZF*H+#4,S.6#('ODO%,X7.8 'YT:L% I_(UDR@D40ID5.+$E "J MKC,9+$(9D$=$EJ>_0IF9RR]\S:8A,_G@.Z4%)4+\D!GEFHP<5%2@8DLM<=4Z MR79I-21DF&S+MY#;8"K2BFW!N!EG+]QGM )*W).#J5&+.%:M3L=Y1I3./[/X M#RT.5ZX?$.S9ZY,@&#Q)92T]>7^ ]8Z0E_""C$<:^04XM@BS;R)998U/'4H8 M[NQ8%R1DN_STF:_?^Y*W$0W,)\R%R037468V2W >"H(G $MRMP0&Q#JB!=<* M%<591?'1JA4WK95*%CM4U9CH(O-DB#0=RTV:)JL!6DPA%6!==MOV&E0O0=WU ME.4$0FD!0[HJ$EWU$*S.A2.@KSJ\C,"BN5%T:5W[5O8X86 MN=P\%ZBN)J)WIHFT2[24"C8DDUE2LL\J:2,6JJUGU M0,M=>U\S*>1"?3U6U2"-TSAB4V!24=I6XQ?DV* D92B-6>X*7^D'M>*&Y>2R MXDP%'9O'9"A]ILHQ.T2+=O)CQJ>?UMA2AJ4PP'!7RK7RM*QEI^ MU@W$^B_/;J>WJQ;18C'CQWS%V^:C>7CP5NH9K5\1T_WZ+HVF[QSY=R#&Z3N[ M::>S!XM48B ]@(?BWZJ]E ^IQ-3SDB?.9I-A%-QN]]&H:%"V!>3C7CG)JX*% M[&6PF:5AC?&W_*\E%]M:7W/EG_*B+I;C2(7#VOR:'TJC$L-_D(Z-P3_EE,=* M0FWEVV^+MG(QEOY-"CQIAGF3 F]2 %XK5$MO;\J0!?NX?Y,);S+A32:\%IE MQB4R*;!%%2YYTKECP75R% L",L!5$)^70L3PDJ#=%@.6E(E$!>2&WIM >1,H M;P+EE0@47P*"D7,;/W#*@2P_$" 4?N(&(M=#FBRDJJ8=0F3%+J/BH-E9FJ-= MD%4;Q@\*9D26R9.>:W@T]ASK,3,FC^'Q)7J$;<@3B*-% 28U L\T"2L#9JFP MV:D.R:=\?;OJ:YWUQ\!064/?B8HD0HKPU[ 0!-+%GPA\",?;4MD(R@7!45WX M>\+9&K&(X@LW]/]4Z1NQ&'%RG_I*._00#W.];(BZF_Q^,P,N:@9LOYD!W\[F MM[/Y[6Q^,P.^28$W*? F!59E!ORIO=EA%5-IKV0'<#4,+.@PMS0#R/*4,LY' M*<6%W-VB.U_K2Q7A9;FV;O3",?XCX2NDHF*T++[+$1)\_]!ODKJO]%M332=@ M+Z#U#Y%R9I<5*]!\47D3H&\"]$V OA8!6FGB*-SR:^]S3^AB__.;).8B"O';*;SA$:LLX@G M5.*&LA2-5,12S@%6")?5D#R.[WVSBY9,CX,Q9_ HJV>- 9)MC!QP.C,MD&5S M9)Z^07"U>A$Y Q^#;S'*FFN,9:&Z7JAP_#S-PX"5#RA1QHB6)IY&GX0,A\54 M[CPDEG,_"HDA+S_<5:=PZ!5@$S:9CFKK%RR7#H4+;*9)8\*MK+]BES7FZA^R M@$H>=4UQZ[;\P:S;-';UN-3W#LD 6\X415'+PLVE"/):+S%*>(G&VVK,%%#D5K8!;%_EE'##Q82XFA2S$.TAF3J00!I[G@X0*QW%*1E17HFD&H0: MDP+S;DQ,/V?M9KW RU1[;CZ&16-N/F=%DCQQ8I?S :=9C'#^215TP$)Y:K3U M0XU=1^:UV,C#LGX8FUK;^\UNN\F_N$:#(,9:J'55/!0U)*I]"%.ZB&#[CEUL MR#ZWY^$9\GW9-U!$9*J3'H^J(&I@$%!1.$0='&,].)0/.>1?ZO[@TP"!$'35 MA5D1SH)VGARJT2H753":10U7G_BMW.)H#6^][-H'3@8U<\"I]R=(-\N[WW+6 M9NLVB(9S$5.%%"R3B48!$B!6-P8J/U=-I?7=;?]%B8XT0I:3!9150XK"LB07 M9<'A5M ).KH4"XK!9AZ4"K)GY+PNE$)?C8)!2?]_,AFNHB";5!1$4L$9=E!( M%6\5=ZA1),D.$E&Q(*!"Q*D9#5(?!S*K#@-!52";V M*5<$?_B)/-_SW4O3:MF)\A95:F ;#*P9.9]0N,0*B-Z_KHKSHC*,?WTGKQQJAJ&DD2@]<* ':VA%J M+]0W;BK>L.7#! ;(PATZ0Y3<(6==PKV/^Z!LX=OAFEBX#.H"0YBXP'%,$"Y' M:*OLB\Q@6,)B*;G'D(Q##%$+-XQ[==E<@7FI 9999&O'C#C!/"!]N::@Q(PN MX8R.57E5T(^GJ 4P2)PDIA#Y)6$.NZE.$KC[(]:8*L_IAK?K=V'2U=H9& _* M(.Q0JB+Z;F'8B"29D\I[TC,2)N0)12;12\_6#GF.H'1P->(X'#[1B.S GB'+K1I6K-YF4RL, M6!];556&&%25<;8VG>-OH!"^P9);X:[]_HO@Z,4LG$EK,#U""-/L0 @SL07G!Y-UA M0/3K5 ,%&HIJ6V4Q/OIL[!HL01E1N2]"NZAY)RW=C2LGJ93;JN'$N+$SA4IY M,\7"9M9-EE^B"S%=8N]<1.]Y,-%7-NKD:UW#$?H:8%;,_"/S+B18+3F#7$QI MPVP3#88RPT+=B4\V;"7G55\:VRLO@4PUYZ1!,?'33,,$)FSEL#T4U**X85R> M!9E$58,T9D=U3SW"WH%M@GLDD[A&Y *0HVW) A(2Y$>*>[PTDT-3E60D73MF M(](XHVK,N/%\-.A=R-.EPJH,QRC>M+D(<"*[\GR\XID4!WI*ZW>4&!MTE0>, M?7+8IXK2P/NA=TH.Y^/<>WN.1&@JP_7;R'L?SQ"WQP;NBK=#:%#4R@0)[PWLEOXPBW]66:3C]L;5U? M7V_>#.-@,XHOMKKM=F\+?]["!]]1XZIYT!:L5N&SFT:Q:O0R1BK\YP VS 8B M[*OOX^_!\/@G;-E-:U&WH_M+MQXI)J!/^<,6SZQ-89-L:%:5*\C M^Y<&(;N*?GVGZ+J!XX8M)N)?WW6*HUR. #LU!-AY"@38>0 "]&H(T'L*!.@] M &V:PBP_10(L/T !.C6$*#[% C0?0 "[-408.\I$&#O 0BP6T. W:= @-U; M$4"U:0T1%+ HBT>ZHT5.V.+@)(FL0=Q, O@>XVI%N/'M[-UO XJN(3Q^PU$) MBBM;1[JZBHP"[26#!!I##+LWZ*ICX9.2:<,&:EV;G J8.R+BY+]41@D"3<)- M)(BD'8/]1M'-D[5U;&>XS/%GF$K#X1A)[!I/1$Z- M$9O/$36ZF'/B>4:+$W>"#>.B]J[6J#6;[XQJ-:RDA00H,6KHVLYJS;BD'5;( MZ*7QKOZV?M8X:QC-L\LW[R[/WAMF-Q;L@H%CDBLIG"F>(4,B/L&RAV98S)&# MKRM3*>>7]?K3TU--,(<@ST%S(I%7<]A,5]4X/V]"1WA8X;QE?':#Q\CWY'7E MAX\\W73%@)ZC8J6RI_,:XQ.HH=&L?^O>V;KY4/"2T$ MZT$9*#;/JXUF534>* $#$X3FL=88B0?=1EB@5"Y652BCU)^MV*7;4EJNY'6Y MF.,Z"%5!"G/B1'HNGG/LJ/Y/U@54%W7$'?W;':'?X_Y# MQ!')=>LB5?G[U&)@!0!4_P+!ZX9(D&P,% M22Z3[R^KOO*\84_H^LV+BXNZ+HU!$B?9%"A0IC0W'%XU*!(]7IA/0H5$U,%+3*69%1JD$X@E8-]>%^:.6THL>L#17K":W-J(LI3,(MY"F4]A1C M*2H&@9&?)Q3;$5GBXC&A1%L,TUZC852-N [XW.[W;CH]NW-CM,P[L]?N&/;G M3F=D7]77M=Y>9+.I>U.4NK9I?S9N[_I?3]0E4W<3QK31OR9U.U02N;!@[N4S MC2,@KI!D-FV-"T5;5,'R1T1=(ZC-6*KNQ-DVZ]D 0? HIU@2P%5H<5O5R%OI MWA9N #YK#SN7]WTQG^TS8Z_[ZW1G\8O]UT;JVV-3KYPEY\ MH=#(WZ'&/"])GQFV\Y+3#%)L#2?"\9CP.;[!PN%DK@R 0)A/$"7_U3!@L6[Y M@E LQ$M\?(,E(EX8E^U:299OO(%5HZF6^[@-]:5CMX?60,75.L@>?C)[UG]T MG&V8/5A,[FVKU['MI? ;/"-H[>0)>9Y@^[,9XHO^V"832F L(XC8'+TE0^AD MP#P8W3C- \HI9S-_MLF\?=_MFL,_%.NV]:EGP6 W868PV^W^?6]D]3X9@_X= M3 "=$^'%";=4X\@;^ _ 3G\\QARH2N$W4S:;SO--.JV>-;+,.V-PWP+6@-7; MSE"1>.*N*'<#3AYAU1QXR-%+9PIM:6+9C+W99&PPM+[ >FP,[LQVL"J?N"K* MU1![ZE4!!"9R,>*("N1D+:9YXMG$N0R*;JW295[7ZW:XW4^#IQ4R)R2THB=\L>,WENOE+:>&+\59+% M[;+$'(9W2@]/Q&Z3%!;*!G-H*YX&GC@JF?SE97TYS!1)]TZ<;)GD%S&5D<3F49*=O)PY*9P#Y(7\.(P73M!,UN<'=@\ _?$#=>4P:(QOE MV;1\2 K86C:0H?81.U].P^75 N[= N]" ;@ZA;F92I=X/Q.U\O^05JN_U&'C M(1X;^JCOI3K_>ET19#;WU)%9_6S*\?BZHD[ 5J,SKG\"W-KSS(M$5/T9AW"U MLZSW4-AP5$5X'CW[*#)4PB#5EL!//3*^8M1?#19P41;6&GW'B H>B@+"E2PMQ\\5_7ET]WP;?7T]Q7 85P:-/'F2MJ)]>#2RQUS=$49*NI; M-=*KJD?5YEGUO%E[%FYD8QD37O"5,R'2*VU"\LV2@HU'"JK5M]M!O@@QQOJ*EFK]0H)OO2H!.N\Z19(%(4U(?JB_:6_3!YO60(EVPKE6Z"PI< M:2IG!Z.]+4U9OIVB:!6Y=$1L)-[DJF-/BKBNTN1DW@[;WACU9'M;UB\T%;(C M4@IL4'=L4MH/[^AI R XQ&/,.7;O*>173YRH0/ 61Z&C6@K^3!<)UA!]->AR MQBB6$%Q:$L]4" 1F0WX@B?25T9\X\^>1* &1BH&@E"-'7E?&R%-S("4>K!QJ M?9#<5VN2%GX(SAM?5QPP09U:#1[#$D&8.](&!#.R3$&XO@T6O=CIXMD#YDLX M\P0#M,%EP4N7S1"A6X -L"5C70;E^CP\0Y^(RIXS*AC? +'V_"AM9E1.O06X MT M5(4)YF^*_%1?<_%#LJOE(<3\D3A8@.'+H):?_A(XEH>ZRO!4ACC W%%Y MQ6096IY@Z'_@?//@Z6M#+0$*(E&?NN*6LUF2V4NH.RX)2ZZ/M22:N+^LLN&G16$<$U([?W[6V >$B(_CA< MD_I\2"93"3$8S/+"$L)7T72(I(AD(I3 +*'[8 5>8=B2.=^#+KWQ>> MH/X%>3[6MK<"?^KA)RT5X=I"+X.OTJ,O"VI*S%6R M!Y) B!ST:3J']=24V#>.2C*#Z!>I ]$7SIMIX-:.<<<[N2/\+%L>L!3A*R*8 M/!2#P%-&N.(#H6%3 >K=JMAOM\2DENN5Q.!DB%T\TT<8889Q M<%PLPG*1&=H4T=YGQ%,TFE9C\ M3BUQ@UB!L>BV6SA#+8!1\ D\P_TDP6FU& MP]_R&BIW2X"0())A_MS?<]"I?NGB*Y%3EZ,GJO*T$?=%]!8W-C]'Z#@G&K / MS'%79L6V_D6K&%BVR&$FBKP@^3;Z50H3TNG@ //:HI I<9QUY"$KBR2A21/M+T,-?^H*@PW%C\.)+"E5G(HH[G MNQ@"TZ0Y:CU3+*=ZG%/ YON@SW_$@\L#:>'N?.X%[WE,1I0TK985\?Z-X,DDNI=D8L*EED:&1X MCLR1QGTO&QGQ'D;4\[I;.^HWH46?=Y[UV\;FAUJCL>YU.]1P9(Y9%DMCY]YH M''%O1-X+TWVP+;0TZ8=9FS)WA/E,;5RT/2:@I#].WAM^M=HR1E*$Z>>_$EU" M )FOVM3)W#],%-]GI)&[TS::0@/J[DZ0OX%5MV"/VA'$$Z)\2<=5T0^_Z=4^ M8Q?YU6H[--F)0-)PJ'T\$H?C-V@!O)?MI-WK/G27Y6R8;^Z5Q_T JZ? #MCR MB"'^5!.#PEEP(WZ;>G^YKAJJ30D,*[M>5+;NF8UJ#OJN8CG!@!J%B,XV]>F( M2>0%5PFCATGO&@MI'=V9(-/]RQ?!GN@XV@5->9T4@M7_NTB?=A'_CN7F_N.> M&CCJCLM]$[=[U^W4Q-%U7I=0,O-G\>3XE1,I,>TQ&82IP4J4-'MD=MA.U1YZ M'D[^L<3XI(D9!M.9)P,2Q;-".JFT?FI GWZ69AUA(/"JL<9Q!1BF M^ZCV 8)#PB^[0R\;Y6G%AW\_>U4/+M-\_!]02P,$% @ 0X;$4+Y6A+++ M!0 ^C0 !4 !I<&]C+3(P,C P,S,Q7V-A;"YX;6SE6U%SVC@0?K^9^P\Z M]]D8VPD$)FG'(63*# $&Z+5O&6&+H*FP.$D.X=]7,H8SQ ;[(&DO$T8V"FQC^ZQ4"?67OA'3U9!N6KIM5EZXIZU-S*!? MVX!1 TEPS$:C882_:M(' %PS2M 034$XUA2K!;K1.)XOB-(5CLT8FMYH>$%= M73FR:J^-^C02D@Y%=8OZ'O(E;;>0*-^,9@@)K@&E^MNPLV,&IRZ&Q(4++""I MN'1N*"GCJ"[C_-9N1_K3_@*QD,)3K4[1^;;6MR"?W1.Z/*/Q,961[:Y4$9 0 M4%=:&MFK-)V%W[A+T(M 4LK;CF*AGB(3L5H%.MCJDM];_=Y=NS=JWX%;I^OT M6FTP^MINCT?KX)9F$^KNZ"8J5RG;]7=D?YA24\@G8:;(Y>T)PH7,+[-A("+X M9D17(WK5C)+S4S3\Z' >@T+@!)'P>8_[ D8!QBE"'=]3'^U_ OP,B70@=T0+ M,K:2R_G?D 1HS_9<?VI_)1P6I2_BLV#LCO03;-N6[52\YD= M1,2?E8T_NQC^NAA.,,$"(RZC="2H^W-&B327@]=4?-B"U+ M(A;!X8!%96N(X] A+$&R/"SF9.,UC5G19=G\"CE>T_F<^D=)W!?;Q6C7;=MZ MKPQF@E;6-!PB ;&/O#9DOMP?N-PO@GD0;N[R7(E=G%;"'I_X@2C^CV"S;*9% MD.YX'EZ;,H#8Z_BM==,RA>D4Z0]$;QZ$$:<7.0ND:V.OC?PVO>64+GRF'K-U MH,<\&COC]D.[-P;]>] ?M(?.N-/O%=)L[B'1\:4+4)?R0SWG/;FSG"_N*5M' MH:S2(O\F-QB/2) M2)XH6'L]_B'B@F%7[EK1'<#N0$QR($^+5*Z$ZBJ;HSNT_FR_N"105^#RRPSZ M3V@H?="61TLWK4KX?XU0@5BU&U6S;MF->MTR+Z\*ZA BH; ,&'W&,H1N5]]D MR'7\;=HXKL#/X7$OK4&864%YEI(2<9[0>SS-H64]?1W:#!-ERA";LY3G'2/?>B[)RP?"0K*%R'O:?G( MZM"R]H^&: %7ZNS#^]/X3> =FJ2W"].GE"^83N0MJ8&8$WZFXW,Q]S;41V?K3?_T0O<.P">5#K^!F MG+WKD8L"7\I]NV XP1-1;%QF*!>2&NS7VW^C^?P+4$L#!!0 ( $.&Q%#K M>?ZZEA0 &]@ 0 5 :7!O8RTR,#(P,#,S,5]D968N>&UL[5U9<^,XDG[? MB/T/7._#S#[(DGR6*ZIF@CK[4PQ'WZR1[2HZ1IJ+#.7%=%?*PGEZTFSE'F%L M6I;2PZ;QB!3EYO3JM'/:[5XIK5;02$\CM))C*UYK9Z?=W9=^T*!C?U:NVI?M ML\Y91^F>?;ZX^GQVK:CWNX+WE,"EF5C2,NW?'VAO"F72)I]?B?GU9.6Z3Y_; M[9>7E].7\U,'/]*ZG6[[G_=W34*CZ MZP.VM@V/7TEQHE/HD3[)UMFZ%?#W54(%[YL M^Q]W15E='N?=FYN;MO?UA(I+4;Y@QT(SM%2\WSZ[;T_HZPDQUT\6Z];[;871 MO-;H:'G4M"=*0?>FC2R7L%]8BZ3%?FIUN@&S_XV0L3Y1V*?OL]&N MM8.&6($V*]L>OKK()N:#A88V'7O8 ^/.)"XY4=KI2#>?'+W%ADOG/*!F$(SG M[;^J;0QMUW3?1O;2P6NOKT-JF1B)HYN:I6M/IJM9I[JS]DF6:S SW7.73A;6 M?M^Q#2H>9/0TBXW<^0HA)ID4)">V532U4PW3;RODFKIFY4EZI.$"^-C],EGV M5YK]B,C(GJ]HMRO',A">#_^]H=@/T-+433M;1H(_PYWM%"33=MN&N6X'9=J:99W(*CQ1M6RK M:3%M[M(3B-=:-H+HWTS9<>R6@9;:QG)S)(_3=F[$.FO-M(NA-6@Z(ZE>*ZTU M6C\@G">=^^UF(W)%Z<'ZY@&U=NSG2"JW]6P$VXZKYCJ#M@T&9-%Q:MJFK^_; MOP=-LIZSGAO"!"-6SD#&[E?391V\5U="]96!!S@]ZC+ 20I*,Y\9)&CN=#HW M':6E;!L*_ZG9AN*WJH2;]#Q4Z]#C[$D6P'!$'ZZ:/SW#:0Z1_[ MZ!_1PQ[]Z>>6@E"O"^WA?8A8V@.ROI[$%VVGIE/NB,I^B1(=_/SS70VU-*IK M+>>NH_^NOIHD0KE$^1WY[^-$Q?N,T#FU;3>87DOS\\NRH!FJ_D4B@V7-PAP.>NU8WOTJO=[JE 4+D[! MHK#9UZ#B<1&/MSU .-3#DGY/5OJ]2J1_EI/T>[E)/P^M@VIF:$2G=73_3BY> MD/"]\V*J[?J !2;X^*T](GI?X_ZL.[9+E4*QQT;%8/C7/S/T:!*7 MW:*/M35O3>(7*Q6"ZVP0\#D (?T^90%KUL@VT.O_HC>A^ _*E2K_3WG(_X"% MB@'H;S#>6R+%V[*X:*DPW&2#0,9]YX5D# ,K)=A)DCQS.B2Z(6T"J$152\7%@R'I'C60$!R_#5\[#Q!.FK MSD)(>$7+A2/CP5G,!@@HYFO-LK:>9D(4(J7*!2#CH9G+ 0C9#]<(/](E\Q?L MO+BKOK-^TFRQBB0H72X6&4_-L9R P&2^0I:5!,5^H7(1R.70O,\ ",'[!B7/ MZN0Y!)+)QF5A&DS5$^M1L97*!2:?TW0L0\E ?6GO^RCEX+>4&#@0EJ?09:G; M82Y+N[;HW_W)># J>/^4)E_&PX7\_3.2CDZ ?%\ED2%&F^EC-Y* M\=)O_)0:/Z7&\84G_<;QY:,YON2X,1PH&*(=X:Y*SY=DLKG+?Z7>+ME!4@FA M&I/ZP.Q5>O0:2E0(PM20@RE*>;[GBAQ6*(VL5-M@_[ XHV?-HAP1U>UK&+]1 M!?M7S=J(E#_)NA!V$?XHVUO#Y)B!AM\ +1'&R)@LZ;^4S+X3"O.(X"4H"V$R M)>,C(!X:'CXCLF]F!:5&J(T GKJ29^I"3Q(R43]A+Y MZA!@DMMEY'D"#&9@CY&'[Z "A)TF[>@4P'C 6W[ '<8SLU]^JKI.E<#]]95O M'$PN#@P(P1N B/J M3V/'162J MO;$S5HA2QB([[7KIF/B3Y*@6(.PXQ1XT= ]9E=YTJO54/PXK'A?0(&%7 M2::[]LY>]#3FV,Q_!MDZI3GFZDQ8 P)(N-IF;ML?URP M9"K"T W2X";#%30(#SF45A&JC7[+JAK @R+I:NK("]-J(^3RO2B%Z4\6R>L9 MEFN,<]FEI'.9\M>]]O^G<3:3(;1Q-FN1@E>4(VD%FGVX_*$3=N"M*Y!\H&CY?<76J,\%7"P;X%&*W;6$I:M,8)41':C[58K(:+DJ M56:WRHA10=N4P%MQO&<%.ZU_=\\_ OI+L+Y];!2V2Z&XQ&R\DSPJIE.9XW MR\3K?D3&CGN[L:RWX2O"NLENN-^^VU0:+Y1:[SV)/="*[:K25%IR:!_#.?*:*S,OZFSX;?)W6 X^\M< M&?[C^VCQF_+7P?!VU!\M&GN(%*$^5BQ_AF-[3FP2-A%^G5K:1?BL -@I(X3% MFD<$9:%92.*&6A@< 3L? 92]=S8^75R?7W0 OB&2"2@NBP"P"^E?$E:6O7(0 M3%RQ0T^@9P(RLPA&I4$7@ @%'52BX5&5!C"9;PT)B(F (!1 M;W>5).-6XZY2O3+V,=Q5@#M,Y.6NTCA,- X3*4&JB_=V)D>(.GAOR]YS5WVY MGTGU 5[B!2=API&0/$-&Q MZ?4X64[PHV:;?WB/XJBVT0N>YIK03=W[C0R8I=&2>U_FHM/M=*F*^-X7^\]P MWI^-IHO19,STQ,GL%W4\^C_5^[\Z'BB][_/1>#B?*Y/I<.;]/*?*HM]KHQPV MRF&C'#;*89,8H$D,4*Y^4&_5?/- 3,/4\-MF?WE.T[&U@QX[=*&0J0MDXD@;>'EP2?'ULW/;]C:^NSZ_. ;E4YXLEEU< M\'*.<+$;5DQY"%J#_&@-PQ?#% "(@KWXAX8I+^X$S\S'E1NSG<64KV [2W). M$6YG,6Q !47FP,.O 60#2QQJB0 !VKERA6AO_;ZYO#Z_N(&S5^4%&Y?)(APC MIMA\IO-_:FFZMP@$Q/ C%Z1J0-A\) ;<[G8UB1\ \^=C!)HF.>&F*%("P$B4&4O$(!S"B&Z-J'2(40F>L/1NA[[DWLD-G+HF[ M@>0F(%R(2D*D8 H:GJ'12-5-/2E+G;@X_&B*9![*":&(:O_^*L#/8B9=JR8.^#*L5(," M'07!#](0A*O ]]*6XZ-XX6MD]<-T5P;67FRV8"[PAKBJKCL;@>CC*\!/LBC# M!;1M8>OD1(\'#Z;MN3GUZ4' - *?)T]'\5.S=@5;1;HFZI.-,1U?T(#]2 EJ M\TK86.,$M35(?7I]R8K*,VI927-?P M*I>+5<8'(.18*GS9HFJ&3GO2'K>W$7/',D:VS&W:$?7+1>CX&X)T7!4.$K?? MOD-<;CQ07.ER 3C^BB".A^+SF"-WH=F/)MV]5$*02Q9.#]U3!OU;1(5 MRT4TXYL/R>P4/ALC:B5WR3LL4ZZ4C[H$$% .;3),W!7"6QW?6X+I7!>,?T'9 M"%,-NV\A M5^"4688N#P^>L^$=/7<.E*DZ6_RF+&;J>*[VFV1"::R7#G87"*\'Z,%=T-[B M@ISX9>MT\A2P & 5/* L/LF J#20TV;LL(H%!% @;2Z0A&-+;SJ=Z_.;2S@! MM%EAXC(' +FQXR(2>(QX5[#!W_%/A"76@G"GD# H]W)7)_$# *F/$6Q[?.ZB M)MBV";9M@FVK/V_6QNC2Y)5IC"Z-T:6V1A>"W="DH/^+3@CZT\\9>]*#LR)% MOM4AJTB$Y"H%RAW6!U\K7CFX\.\)$L+8E!'E_MFP>WU^#B#+H:QXN<17)/%[ M[=5<;]9"F4>^5[D&"P;(5L 12@&H'?5.F9MD26A2YC8I(1M-) M+"2A[R!\/HZ"(,0$ )'7^[F.I)B;YKF.ZN\SF^ 7 ;RA(_+ M:!$WW6$J[AQ*A?B*6U@4PFXC-=1VM]M"5J!Y@#:!!34(+&#^)B.;4 (88;>: MCM0U)[]=?++ MP4_5&D-\X;+U#@]]QWY&=(NEB_[(=AU!1*E$>?CY5"68:"(8B\F1"B2CMV"3 M#3*!+OTX5M4V0DE!_6_JTD68FVZ,;YCL37@&U>EV ",4NU?%CS*EIN*'<#HU>9EP8P/;#0/"T*U*;& M,E&6Q*,S[=T"&"/WN$IUL8!*L +.0+;ULDEK*#N3,I2UE&W[U=K,N$XN2DX*4,1C'+H">I3"NB7R3+Y=>J\ M6@8[A\7GB+Q8AS:EX_ABS @F=7(U"';)]!,\F:]J A]"0^S6P7V-K+CG=MFJ M$*R0*2>@-&^% [2@7PD[L-,MW'0,VO&M:5GL.@T]FL3%WBOT M>5XM0[!;IH0W+]:K05]$YP_379F[T-2!]D8EDF4L9.X'@ITTCY&161#5+..< MP\#NE;(=GWW')DC?N.8S6F"-[3R,#^GU/E,?$"RR>6P,F80 ;VS,F'<'LG7_ MA;MPPQP4/L_"<6Z_8(>0[>NX M$WOAN)KEFUNV/_*F5=H60)B"4TZCM#Q6LSRJQK\VQ$\JO$QX[S-@J*<19$SL M>PW_CES/54=ZX=\;2ADY6;H#85_/>^QD$4C52IF MXB-T,6%+(,*-\]7!A+Q6 ^<]%>MZL]Z= 'Y0$EQDCQW7M\CXYTN>"BF-MVO^ /;-52:KL\\B=R6XR-W=*EN5$M3Z6Q])))GMJZA8M M03;G4J0N2?DQOW[1 -\$0%"DT/#LA^385G>C&^IN-(#NQI__Y647D"<:)WX4 M_OSNT_N/[P@-U]'&#Q]^?G=(SKUD[?OO_N4O__V__?E_G)__V\7=-=E$Z\.. MABE9Q]1+Z88\^^DC647[O1>2SS2._2 @%[&_>:"$_/C^A_9?"X M/S,&MWXG9."'?[MGHQ$F9)C\])+X/[][3-/]3Q\^/#\_OW_^T_LH?F"X'S]] M^+?/U\OU(]UYYWZ8I%ZXIN\(@_\IX7^\CM9>RF>H@OYR'PA -EK7" ;P349Q6_*$$>3$$KI^_Q ]?=A0GQ']]"/\< X_G'_\E'U;_\#^ M]-=IQ,QFD^ M/0_$1 KT;1SMI QDPT62#_\:W =-#FOLQ32)#O&:]OH:JERIYD6,S#2:08#' MH>'YE^6[OUSF+L8+-V06IG[Z2N;A-HIWW S)UQS_W_\LQCG]UYVS5&%CY=V7 M-E214 UJ7PFZV,[U005G537T3*BUI*8:'.-HO-Y>Z 8- MTB3_2U-)LC__=9DRYP9L30,O21;;91JM_S9Y\9.&P ;P=M7%6 #0F4Y@:XIC MR$E+>S@8B;:$ S*7PD 1U:;*]66T\_Q0(:<,$$=1U"Q7-:0-95TU5"PH=&)1 MZ(0 ;FG%* RG+.BFU^-Q'75Q;5&7H]TN"CE;D\]T=T]CE8@20"1=5K)W>!.;%1:[&LV*P4L]H:EP8CAI@6P"$>SOZ-=,;H: MV<3'> I19:^I / 9RA=>#JS^@@'&VI:2;7 U.MF P[-8*<--TZT!H=BPA .U M,0M@PJ )@%M7@BL_67O!']2+K]A?= MZ"Q)/$11,-U6A 8:B#%(>U.H@P G M$XZ I!!"+N/M M9"N&',R^2NC8S;5!!F-5$=0,M'0@NZDJ80D 6_[VITP)8R^8AQOZ\G_HJU*B M%AS6]Z]@N*X #2 $#9!RH%*!#)AP:,+ K2G!]!#'M?5,'3BJ01$NJSO8+NZM M%7!VK["U3+0/A 1X+6BP'D@*Q;SR QI/V;@/4:QV#0TH+,<@9;;N%FH@"$Y! M,K[*)7!0DL-:^]Y7L0?)7,O7W7TDDZ/QN?WO6LI@_BW7/K3Z_4I&;GVS&0P1 M0+;7>>%5[N@^BE/@-/52Z2Y #XZVZFO9;RS^4EB,&$##B#(4R+Q_@40$EF5U MF8#&@B""DC&5WW[')3DL+;=P8[&#VSM^B6.GM/':;3; M>Z%Z_Z" 1G,*.N8;?D$&BN$:U'PHO4.&0@0.R9!L.XA'&@1=^E$'0G,/$E8; MWJ$"@>$<6L,K?0- (GWC(MV%IQXN'STV"XM#"A4TL#-2!]):)+0]B8$HC9V) M!@-C?]+)CG*7(I*6..H9$^6'7KCVO> V$D&0HORF'RIREKV! M6-*$>PT>7NY])U/MP]'%S>7L9CF[)!>3Z\G-=$:6O\YFJZ4#"B>K[U$!(2M1 MJZ9'#H&G&+HZG@+(H>*=:T7JI X060=:+$OUX-IZHF07"SI]N!Z>%SE<*29) M0M.D8ZUI N$H@YS5JB+4(:PK@6SX=L(=!])4>8["YA.-[R-]SK<9M\LEZGHU M]9+'2;B!?V9_/_A/7L!,)YFD4R^.7UGH]IL7'%3+F"$N4D%#'\%J-0XFB/;+ M'LRY:D=)#(D70_,?*NAGQ$M)3H%P$B+*DSE\$2GL.]N&2W,:((;'&) MTQ,+<4$?_# \E1P&?FN0#-E]E2><\#E9,RIXWNV2;BEC:+/8LG\9Z],H255! MF0(6QWMI&:]Z*RF@=>^DX:*=ZYC!DAR8<&@L;3^*]2AG?2UCW79PJ8T_<(-) M=1")%#QJ@\;3U 9&J1=TQXFJ+)'%:G)-L*/$:]^[]P,_]6G"5@9^SO<8!1L: M)[!"I*\=VQMS=!Q=[2M>59M-<:WK>S_&6HI701>-=#B2 ]NJH7+-)Q?SZ_EJ M/EN2R:\K2*O".\YF0I=N*-[Q@EL_4CZ M2(E?J3AGF^'4\V&/2M*(K/,]GQBB$1R_/XGRRZSW2#DSC,9VY$R5.C=.3*CJ M%S%0AN'[$I7I;IZ@K>45LX8[&D #QELO3IM)&GI0#)/5LUV:JQP.R51US$A. MC;+C.V\7'?C)"S1S HN]]P*@0Y)'2E.R883@D^@^\!_XV G9'"B!O+!8#$,\ M,3*!&2S^N(?!;5MQKRG(H F DPR>< 0,XSV*]?:,XT6>-U%*DUOO%6Y3*R) M$ %=:7CO7/FR?10%G-CT""&KP6H/=.O1:V_>6EK)*9",Q%G-I*H1+E98.US M6Z8+?I)$\2L)&3%R[HKMM2-VX]#>G5V>V>[.@5U=C]T)"0+1"^27+QOKVD6W_MIXA'W+=Q=I_*)=)E&DDA<:Q"PW35 M'"1@UNU R8,D'LYOMK,,G MB.;)$V#^,_FG,_87^"\#(MXA?8QB_S_IYI_9)B"DQ.?"\I4OY_M5E39 M$"IHI#06/?.UO!8YJ/U$%QT?DA/(')H ./%#DB&@Y4T?R_^>@9\S_M=R_NUI M_!V%ZS&ZF7DQ7)(ED_7ZL#OP Z8LZE*(;H*(8P?F(E5-HAO+NG68LB2Y#Q6( M),3;OA&\E;&G.C-SJN42.[<&K7)9KZ($^%B7RVIV>K M^[B/X9,H)H*".#> %F'"R[NBD**OR*0XMC.:F3:2"PJH$D6M>$T,9(63L].M M:%EOF!+1+>421V4]9B!'<$>IZB)T*92 =D*9JJP8*Q+VV:9,$'4+*V,L=]1) MT<3*$,4)Q>IN8Z72+B=:6%6._GN&9$:8Z)=%?8(Q S3,*Z6>85C]MJ97#&;] MUJFG:(N8&8T7OXK+UK/R(M8).S*,)+48Z'9C$D-JP#'MQ#!ZE+85="%T;(FB MC1N5T(ZHD#IB5(#BJXXV5I2I#?XM>(].IV8HCFA/1X#H1(]38CK?+IYH/ F"B*>W+O9P\3U/;J+T MZA $K[,7&J_]A&XN7K^$&QH_QSXL\8W)..U0"$5^)YZVHDCP1./@%!F>5)B6 M%84?/+L%A';%$Z.1Q38/4K(!R2HBY9!DOB4P*"E&)6)8MC81-C#A(Y-B:'+_ M2JJ#(Q0SHDQCM,U3-)-L&M.(;,MI]$5Y:P13Z153&8FI#-D\TNH,'C0S:&_U MGX?K:$>+WJ0=M0!*:)PUOX/YZG*O +6^TFOYT+217JXFJ]GGV.%#!(A? R M1FNE[E4 ^\7L[=';<0--B0 BWP+8=S;3U3I31TPE@(_1*NH->0PD/-JSJ=^I M__"8TLV$2>0]T%IP6MF17WB)OV;NX](/#JGR5.Y88CA6.DSTJCD?1\FZW0]A MLZ6Z.3&242/E3J-]TW=&.%&^G&1DL@;N>CVK#U/ M9<]OFLS,NA,+QWX-A:D::@>*=8LTXJ?]0E1>+%%<9=JRK\[;S>,$NFA:"%\4 M84M HMJEIP/OT#!7T;\-@1$N^K-7?9L3&"!B/GS5NZ9?+W_E.DAP'60EU@DB53X: IW1J;MI. M7)1WE+#D*T COJK48/XRVGE^\]BG Q8I$- Q7EO^98#V%WTU%YU:0KX*\-,T M2NE>WD_!.DJ^P&<*<7_WG78.AYX94&=8D0X@@#!S *H<:"_^R5Q& M3PBU0<@AT7L_:+6FW>\!5_-/Q+S%':!AVJ,SN8Y&"8[X68VFJ8P&R8NC\&K6 MP,&0Z:PG OF6.6UQ8'V:#BNFO1S&8WM #@EO)G".$% -Y<'>/GAELLA MZQ?7"Q,AMZ2?4$6>B1D:3LY)'][:O0,>X>H:@I3L98=H2]9 D%SD5S?KG";9 M<*(\445HLN6\DT&23C.ILKNX I\( D10..'[M)JKN!&D$P@B1X5]A[FTPV\+ MCO4.XJ.C!,U17?0/=;','83XR%$/465.XR+"XD*[X2*F;\=%:$4U]!'B8X2\ MM8'2&?F($T43_+Q(E$>U?%I5K!OZS*%DXO>G@>!!CA6T<"5]">#XE..X5)V) M^[N]MT[S-Z5X#2_\$M)GDO"#QJQM,K9[&4EJ<7@JZ,CB#])P1(R<@$8)3$82 M&C[CVQ6EZTD@BS+91V$2Q:=W/3+6I?%*/WQW7(Y6P"YW(T5VRM5H.-04_;P5 ME])'.HT[43D2ZTG 8\G:SXL,#69&3Y6:>LGC51 ])^894A(4],0HI1B*?*@6 M/&8:E((9TX*MZ63Y*[FZ7OQ^5,'6:(4?(,5M'#WY&U[XF-#-/"QJ62;KU'\2 MC23U>G8,(;02DB-%;M29]*2"48QR%(O26@J@1')24*GZ+5 C?OA=I0RKI.C MPT.CB<]%WX*=BX=/RZHMKR#QTULPX<$3Y;[)#C-5ATUT/--$JRL;+ND:)#T( MX:1FZ)P5SL,GFHRQD&H).665!B(;6*>&BBM6VLEB7VLM"+Z)A;2_^,V%U"_D M=7DAE<@Y>*+<-]EAINJPB8YGFDXMI/TDY0OIOB*IS!2=L\0K/_3"]0B+J9:0 M4Y9I(+*!A6JHN&*IG2SVM=B"X)M83/N+WUQ,MX6\3BRF3, UI9ODBO&6'[4N MMI7: ,7\&.!AM1LW%*C><+P#":'EN!%'DJ;C D\H6^WPO%+'@655XTCEFUT) M+(^_6!PK"7_OO?(7XQ?;.\I?P[OUXO3UDMZKGVK4H6 EY'>+44_+5\,C).=W M,2-KT96A@()E2(1C$4 ;UWA^%#*$] &&T1G/$%% $F_S!%:3&5&EPOQR!9!@NK"2])6 [ MJAU;1"*V7(0,EYS7K*'U&)Q%6Q#6NMB6<6;V+ER^6LIZ.O;&1K*4?L+5#,<, MU;X=]>&KK92E;RYW0= #ILSOX&'.";HFFJ\ZHXD8;;(%<-O*[ M%\=>B-RVU/ P9?!IC/OG@L/. QT^!QSO_,^I$_M^DK9.[&7G?8C]7QA[\!^D MX3\QC\'_T/%4B1O#D/US'U$GI)Q;^SEW5P@*)5]L,C MFPYZQ]S/C"WVRM-^VTP@=:Y!F>I:6QRK'-CON8,@GO1X_TSXMPKU,U(.+#Z$ ML+[YMQI"EK^='M5Y)'7-<* M6<8WS#6P'\N+WG C64(N_60=1,DAIAU7H\/)XKF_,::CZ="&T$1Q4<,9EM\I M MTSDE&N)#Z IY%>JI;D';A?/=',,'+G?#[\VGR,=NFJJ#B[S%[Z761G'/Q( MA+DWYLX@A)RLU_&A\6EC7HXG@U!_-D#95T3.R#5 $,KR3R!V[V\:+]!9Q ]> MZ/\G5]PI7+$'_B9_7.=6*#C_M3@R]H*B&*LK$6PDVC@ASZ@34XU[1B%L/?@9 MD>NVW6)NY-.2@6L$ O.*C/9].Q[L[7UB$@=5/N%*'62ED);;^/ M<@8/7SY_GMS] 5JUG/]R,[^:3R)Z/IW/$!5J MZ3^$_M9?>V':EJ]K'3-%1FJ*T$NT6GL$(TS[C1)ZL-56QA*9E-@D1W? WP\3 M[Z2VICA,FH=^RE:=V\,]8S+?1':>%_=#13@TZBE6<5!DB(=S.-2+N79O&X%- M!'IYKF'OI%9YLC-0L)OY:CZY)K=?+IAY,/.YFMTQ:QG12%2,J1874R0$PS 6 MI3")3@P<8S!D2]IPE-'UF;IO2LW?1K%HTB6,HSC]VGD;"HD5\-DZVNV]$,HB MB<]/S80]I?Z.\N1]/UQ'\3Z*.TZG$0 MJEI-&&HG(,RNF5)=DMO)W>H/LKJ;W"PG4^2S9Y4HYO=>O2BXI72&MU4]T)U1 M17-?5Z^PKM)PPY6/**F#]@?-%_Q4W+F'FVG$ST=IN.Z5H]J/!MY+LKT%;;XR M:TP Y07:GMQ)&B!__CQ?\5??'5?(KC6A+Q&'55*[,O2CX*92=GG-"A&^A:F1 M<6N)&$=>%ZR05W@_1@';&B;BS1;HLM#9Q%Z/A-7&WD24>B-['09"*_MN=MI7 ME[].[F:_+JXO9W??+,GL7[_,5W^XID[F_KP'ODM*9NC%C9$=43US7U;%_X9D MCS\!";?\]F QW3*VPWU"_WY@J]#LR2#G6@V.9$H=[-LAG=#7_2N5@6,KC&=/J: )P+!!;_95P9WU/["2_QD ML6WDA+V*_W?9@"DRCD'T$ZUJ'6:8UDVE#UN21],9,B2#E.AG(D'QE7S-_D4W MI'$DK.:OC_GTL[A8_"6.GM-'$S,QQL)X\-E8F/*MYTX4I&>>#?EJ%R>4L3?T M!2WS=O?"'.">.;M-_B8A=$?C!_CT@0_$SV#@OGGKK?U E)8#PO.COWXD?DJ8 M+M+ ?_#O YK=+0/T-[.O 6Z"\)76QG2>KOF'ZH&H,U@7 67#FKU86U#F%] 94-W]( !@3NH !S1[,' MB8';$0:.@1N];XPB3$-S(Q$#8YC'EWL5PU#!6O=)/2,2$K! )PP>/<6CJ-%P0R^9EX, M[92@U2!_:-Y,]3NQ<"S 4)BJ(72@6+<'(W[:N](,"]IC$H[GGGD<)QFTKKR. MD@1:?Y%%_GH1)X"9>\54,4Q%O=R=G_QMRI8Q/X6?E!DO&@RLK*I.(>HI5$IP MA'RI#EXDAU$5# * 9T0@9;^X9BU#180WOTKY\$SERO/CW[S@0"N-8N9ADL;\ MS#:+%!5S8(B+8SZ]!*L:DA&B=9/JP55+\P"7<.1Z;Z,*OGL&=F*!,5^1>*[< MC\51R'[,2MOZW-WV)X/UHL1QXM;?E>A' ^%UB6,8E 13S[7V,S5"[IGH2%+? M45@7JX(O4R_<>/$&T4HA)<3?^"R877H!\T$\M6[RXJMN<#3P>.E$6@&:Z412 M8)1T(@TG[52<[+T@\=;85X!L68-%K2EYOO%V[,=*@=5EM//\Y@5X'T0D/3(6 MJ:90G5CV-]_+[;9&W>+^,Y_>$PUX88&'NFTJDN VEF5"MC^296> MD_8A#G^GG?G,#(-$,>$XZ*&'5!)MS*'%<$B+U%&&!MP-3=(NOT*7%J4N+0I= M0HTGCI5$:A4#@@K#3E'YNZ#24,$(PX'^4'(AE*VAZN#6=-V8%X/V1CD:4MPP M7)2B(Q5Y%FAN;#L/P#K[!6[@$GB,%YYRJ>P(##81W23PMZ*F8JHVI5WXJ-M3 M,^;T^[DS(LCP/W!"1%""+J,56FZ]8"[MUZN8L1[X[KQCKA6PZRES*;(3KYEK M.#-]T%S111HG!L*5$67E8.O:FN;)']U.J@&.OB)(V5=X_QHLIJ>7,-+EU3E* MF4>$?N0XO@A#2OQD6Q>Q#F;KJ"P,-,'"*/$S%J8L\>M$02KQ,^1+VD V+.*8 M=;[/?"[WF3'?9_HBM-D<>)XR[[G M.!HC@)7Q=_F9 I99NRR.IO[%ND!#/)27//[NIX^;V'L.8=^QB@])_MB35"X] M H9W,A&A]$TZ:"3/U,U2UW/8W@Y@>;0"-8;/.36Q$^3T\E0G.(EA4QI2D44 MH"2F&[KCEY&V'\$^1G9>1ED@D:N6B!C^ZU@Y!GQ5B/U_#HD?TB291KM[/RR> M _59U,M_X2=]HH[ODV(SUX\$4B^@(\2L=03J@6^_+U!OYMJ]?'K%]@_/L<^Y*5>47KKO7KW M0?-XS @#83TV$Z)8D/7@."NR"4_2K4)E'8X2\-_K R]FCJ']/3\DB/AZOOO>0G_0NHV S#TUNZ([ Q\C!.$+ ,B.C!S+2 MJUV].93ZT20[NT]XDK X3LT?J&R^:>FE9$WCU&/!,EN0J>W'MX8+7)(H\Z*! M"H3_(][=]7DQF??0:\_JGD#FH0Z\?5_CIB"]4UI#=24#X87LO MWULBU1/.THXO%C;QIQ5@@(W>T'3%QH6ND),DH6FRBB[H9^;QP.O1S2J"F_\U MW4CV.C(Y!Y%#L/(1Q"_
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end XML 13 R23.htm IDEA: XBRL DOCUMENT v3.20.1

SHAREHOLDER'S EQUITY (Details)
3 Months Ended 12 Months Ended

Mar. 31, 2020

Vote

$ / shares

shares

Dec. 31, 2019

Vote

$ / shares

shares

Preferred Stock, Shares Authorized 5,000,000 5,000,000

Preferred Stock, Par or Stated Value Per Share | $ / shares $ 0.0001 $ 0.0001

Preferred Stock, Shares Issued 0 0

Preferred Stock, Shares Outstanding 0 0

Common Stock B, Conversion Ratio 20 20

Common Shares Outstanding Percentage 20.00%

Common Class A

Common Stock, Shares Authorized 500,000,000 500,000,000

Common Stock, Par or Stated Value Per Share | $ / shares $ 0.0001 $ 0.0001

Common Stock, Shares, Issued 0 0

Common Stock, Shares, Outstanding 0 0

Voting rights of common stock per share | Vote 0 0

Common Class B

Common Stock, Shares Authorized 50,000,000 50,000,000

Common Stock, Par or Stated Value Per Share | $ / shares $ 0.0001 $ 0.0001

Common Stock, Shares, Issued 20,700,000 20,700,000

Common Stock, Shares, Outstanding 20,700,000 20,700,000

Voting rights of common stock per share | Vote 1 1

X

- Definition
No Definition Available.
+ References
No definition available.
+ Details

Name: ipoc_CommonSharesOutstandingPercentage

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Ratio applied to the conversion of Common Stock B into other common stock.
+ References
No definition available.
+ Details

Name: ipoc_CommonStockBConversionRatio

Namespace Prefix: ipoc_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Voting rights of common stock per share.
+ References
No definition available.
+ Details

Name: ipoc_CommonStockVotingRightsPerShare

Namespace Prefix: ipoc_

Data Type: xbrli:integerItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 15 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 17 R19.htm IDEA: XBRL DOCUMENT v3.20.1

INITIAL PUBLIC OFFERING (Details) - $ / shares

Apr. 24, 2020

Mar. 31, 2020

INITIAL PUBLIC OFFERING

Sale of Stock, Number of Shares Issued in Transaction 82,800,000

Shares Issued, Price Per Share $ 10.00

Class of Warrant or Right, Exercise Price of Warrants or Rights $ 11.50 $ 11.50

Additional Purchase of Underwriting Shares 10,800,000

X

- Definition
It represents the number of additional purchase of underwriting shares.
+ References
No definition available.
+ Details

Name: ipoc_AdditionalPurchaseOfUnderwritingShares

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Initial Public Offering Disclosure [Abstract]
+ References
No definition available.
+ Details

Name: ipoc_InitialPublicOfferingDisclosureAbstract

Namespace Prefix: ipoc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Exercise price per share or per unit of warrants or rights outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(i)(4))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Per share or per unit amount of equity securities issued.
+ References
No definition available.
+ Details

Name: us-gaap_SharesIssuedPricePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

XML 18 R15.htm IDEA: XBRL DOCUMENT v3.20.1

SUBSEQUENT EVENTS
3 Months Ended

Mar. 31, 2020

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 8. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 855
-URI http://asc.fasb.org/topic&trid=2122774
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 19 R11.htm IDEA: XBRL DOCUMENT v3.20.1

PRIVATE PLACEMENT
3 Months Ended

Mar. 31, 2020

PRIVATE PLACEMENT

PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 10,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $16,400,000. Each Private Placement Warrant is exercisable for one Class A Share at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.

X

- Definition
Private Placement Disclosure [Abstract]
+ References
No definition available.
+ Details

Name: ipoc_PrivatePlacementDisclosureAbstract

Namespace Prefix: ipoc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the offerings made by the company under private placements and excludes offerings under public offering.
+ References
No definition available.
+ Details

Name: ipoc_PrivatePlacementDisclosureTextBlock

Namespace Prefix: ipoc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.20.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
3 Months Ended

Mar. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods.

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019.

Deferred Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $44,156,346 were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Income Taxes

The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations.

Net Loss per Ordinary Share

Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020 and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-URI http://asc.fasb.org/topic&trid=2122369
+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 21 R1.htm IDEA: XBRL DOCUMENT v3.20.1

Document and Entity Information - shares
3 Months Ended

Mar. 31, 2020

Jun. 04, 2020

Document Information [Line Items]

Document Type 10-Q

Amendment Flag false

Document Period End Date Mar. 31, 2020

Document Fiscal Year Focus 2020

Document Fiscal Period Focus Q1

Entity Registrant Name Social Capital Hedosophia Holdings Corp. III

Entity Central Index Key 0001801170

Current Fiscal Year End Date --12-31

Entity Filer Category Non-accelerated Filer

Trading Symbol IPOC

Entity Current Reporting Status Yes

Entity Interactive Data Current Yes

Entity Ex Transition Period false

Entity Small Business true

Entity Emerging Growth Company true

Entity Shell Company true

Common Class A

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 82,800,000

Common Class B

Document Information [Line Items]

Entity Common Stock, Shares Outstanding 20,700,000

X

- Definition
Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: dei_DocumentInformationLineItems

Namespace Prefix: dei_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityCurrentReportingStatus

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityEmergingGrowthCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 7A
-Section B
-Subsection 2
+ Details

Name: dei_EntityExTransitionPeriod

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-T
-Number 232
-Section 405
+ Details

Name: dei_EntityInteractiveDataCurrent

Namespace Prefix: dei_

Data Type: dei:yesNoItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntityShellCompany

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicates that the company is a Smaller Reporting Company (SRC).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12
-Subsection b-2
+ Details

Name: dei_EntitySmallBusiness

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details

Name: dei_TradingSymbol

Namespace Prefix: dei_

Data Type: dei:tradingSymbolItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 22 R5.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) - 3 months ended Mar. 31, 2020 - USD ($)

Common Stock [Member]

Common Class B

Additional Paid-in Capital [Member]

Retained Earnings [Member]

Total

Balance at Dec. 31, 2019 $ 0 $ 0 $ (17,631) $ (17,631)

Balance (in shares) at Dec. 31, 2019 1

Cancellation of Class B ordinary share $ 0 0 0 0

Cancellation of Class B ordinary share (in shares) (1)

Issuance of Class B ordinary shares to sponsor ^[1] $ 2,070 22,930 0 25,000

Issuance of Class B ordinary shares to sponsor (in shares) ^[1] 20,700,000

Net loss $ 0 0 0 0

Balance at Mar. 31, 2020 $ 2,070 $ 22,930 $ (17,631) $ 7,369

Balance (in shares) at Mar. 31, 2020 20,700,000

[1] Included an aggregate of up to 2,700,000 shares that were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full (see Note 7).

X

- Definition
The total number of class B shares Cancelled during the period.
+ References
No definition available.
+ Details

Name: ipoc_ClassBSharesCancelledDuringPeriodShares

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The total amount of class B shares cancelled during the period.
+ References
No definition available.
+ Details

Name: ipoc_ClassBSharesCancelledDuringPeriodValue

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of new stock issued during the period.
+ References
No definition available.
+ Details

Name: ipoc_StockIssuedDuringPeriodClassBSharesNewIssues

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Equity impact of the value of new stock issued during the period.
+ References
No definition available.
+ Details

Name: ipoc_StockIssuedDuringPeriodValueClassBSharesNewIssue

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Number of shares issued which are neither cancelled nor held in the treasury.
+ References
No definition available.
+ Details

Name: us-gaap_SharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 23 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 24 R14.htm IDEA: XBRL DOCUMENT v3.20.1

SHAREHOLDER'S EQUITY
3 Months Ended

Mar. 31, 2020

SHAREHOLDER'S EQUITY

SHAREHOLDER'S EQUITY

NOTE 7. SHAREHOLDER’S EQUITY

Preferred Shares — The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001. The Company’s board of directors will be authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. The board of directors will be able to, without shareholder approval, issue preferred shares with voting and other rights that could adversely affect the voting power and other rights of the holders of the ordinary shares and could have anti-takeover effects. At March 31, 2020 and December 31, 2019, there were no preference shares issued or outstanding.

Common Stock

Class A Ordinary Shares — The Company is authorized to issue 500,000,000 Class A ordinary shares, with a par value of $0.0001 per share. Holders of Class A ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were no Class A ordinary shares issued or outstanding.

Class B Ordinary Shares — The Company is authorized to issue 50,000,000 Class B ordinary shares, with a par value of $0.0001 per share. Holders of the Class B ordinary shares are entitled to one vote for each share. At March 31, 2020 and December 31, 2019, there were 20,700,000 Class B ordinary shares issued and outstanding.

Only holders of the Class B ordinary shares will have the right to vote on the election of directors prior to the Business Combination. Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as otherwise required by law.

The Class B Shares will automatically convert into Class A ordinary shares on the first business day following the completion of the Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to adjustment. In the case that additional Class A ordinary shares, or equity-linked securities, are issued or deemed issued in excess of the amounts issued in the Initial Public Offering and related to the closing of a Business Combination, the ratio at which Founder Shares will convert into Class A ordinary shares will be adjusted (subject to waiver by holders of a majority of the Class B ordinary shares) so that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of the ordinary shares issued and outstanding upon completion of the Initial Public Offering plus the number of Class A ordinary shares and equity-linked securities issued or deemed issued in connection with a Business Combination (net of redemptions), excluding any Class A ordinary shares or equity-linked securities issued, or to be issued, to any seller in a Business Combination and any Private Placement Warrants issued to the Sponsor.

Warrants — Public Warrants may only be exercised for a whole number of shares. No fractional shares will be issued upon exercise of the Public Warrants. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) 12 months from the closing of the Initial Public Offering. The Public Warrants will expire five years from the completion of a Business Combination or earlier upon redemption or liquidation.

The Company will not be obligated to deliver any Class A ordinary shares pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying its obligations with respect to registration. No Public Warrant will be exercisable for cash or on a cashless basis, and the Company will not be obligated to issue any shares to holders seeking to exercise their Public Warrants, unless the issuance of the shares upon such exercise is registered or qualified under the securities laws of the state of the exercising holder, or an exemption from registration is available.

The Company has agreed that as soon as practicable, but in no event later than 15 business days, after the closing of a Business Combination, it will use its commercially reasonable efforts to file with the SEC a registration statement registering the issuance, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use it commercially reasonable efforts to cause the same to become effective within 60 business days after the closing of the Business Combination and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. Notwithstanding the above, if the Class A ordinary shares are, at the time of any exercise of a Public Warrant, not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of Public Warrants who exercise their Public Warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elects, the Company will not be required to file or maintain in effect a registration statement, but will use its commercially reasonable efforts to qualify the shares under applicable blue sky laws to the extent an exemption is not available.

Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00. Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:

·

in whole and not in part;

·

at a price of $0.01 per Public Warrant;

·

upon not less than 30 days’ prior written notice of redemption to each warrant holder and

·

if, and only if, the reported last sale price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like).

Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00. Once the Public Warrants become exercisable, the Company may redeem the Public Warrants:

·

in whole and not in part;

·

at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares based on the redemption date and the “fair market value” of the Class A ordinary shares;

·

if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like); and

·

if the Reference Value is less than $18.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above.

If and when the Public Warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws.

The exercise price and number of ordinary shares issuable upon exercise of the Public Warrants may be adjusted in certain circumstances including in the event of a share dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, except as described below, the Public Warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the Public Warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of Public Warrants will not receive any of such funds with respect to their Public Warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such Public Warrants. Accordingly, the Public Warrants may expire worthless.

In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of a Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors, and in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of a Business Combination on the date of the completion of a Business Combination (net of redemptions), and (z) the volume weighted average trading price of the Company’s ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates a Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the Public Warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger prices described above will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price.

The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon the exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be exercisable on a cashless basis and be non-redeemable as described above so long as they are held by the initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityNoteAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762
+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 25 R10.htm IDEA: XBRL DOCUMENT v3.20.1

INITIAL PUBLIC OFFERING
3 Months Ended

Mar. 31, 2020

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING

NOTE 3. INITIAL PUBLIC OFFERING

Pursuant to the Initial Public Offering, the Company sold 82,800,000 Units, which includes the full exercise by the underwriter of its option to purchase an additional 10,800,000 Units, at a purchase price of $10.00 per Unit. Each Unit consists of one Class A ordinary share and one-third of one redeemable warrant (“Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at an exercise price of $11.50 per whole share (see Note 7).

X

- Definition
Initial Public Offering Disclosure [Abstract]
+ References
No definition available.
+ Details

Name: ipoc_InitialPublicOfferingDisclosureAbstract

Namespace Prefix: ipoc_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the public offering made by the company in its initial times of incorporation.
+ References
No definition available.
+ Details

Name: ipoc_PublicOfferingDisclosureTextBlock

Namespace Prefix: ipoc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R18.htm IDEA: XBRL DOCUMENT v3.20.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)
3 Months Ended

Mar. 31, 2020

USD ($)

shares

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Initial Public Offering Costs $ 44,156,346

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right | shares 2,700,000

Cash, FDIC Insured Amount $ 250,000

X

- Definition
The amount of initial public offering issued costs.
+ References
No definition available.
+ Details

Name: ipoc_InitialPublicOfferingCosts

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation.
+ References
No definition available.
+ Details

Name: us-gaap_CashFDICInsuredAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Number of securities into which each warrant or right may be converted. For example, but not limited to, each warrant may be converted into two shares.
+ References
No definition available.
+ Details

Name: us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByEachWarrantOrRight

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

XML 27 R4.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED STATEMENT OF OPERATIONS
3 Months Ended

Mar. 31, 2020

USD ($)

$ / shares

shares

CONDENSED STATEMENT OF OPERATIONS

Formation and operating costs $ 0

Net Loss $ 0

Weighted average shares outstanding, basic and diluted | shares 14,043,956

Basic and diluted loss per ordinary share | $ / shares $ 0.00

X

- Definition
Represents the information pertaining to formation and operating costs.
+ References
No definition available.
+ Details

Name: ipoc_FormationAndOperatingCosts

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256
+ Details

Name: us-gaap_EarningsPerShareBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncomeStatementAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669619-108580

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669625-108580

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257
+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).
+ References
No definition available.
+ Details

Name: us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 28 R8.htm IDEA: XBRL DOCUMENT v3.20.1

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
3 Months Ended

Mar. 31, 2020

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

Social Capital Hedosophia Holdings Corp. III (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on October 18, 2019. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”).

Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus on businesses in the technology industries primarily located in the United States. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

As of March 31, 2020, the Company had not commenced any operations. All activity for the period from October 18, 2019 (inception) through March 31, 2020 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

The registration statements for the Company’s Initial Public Offering became effective on April 21, 2020. On April 24, 2020, the Company consummated the Initial Public Offering of 82,800,000 units (the “Units” and, with respect to the shares of Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 10,800,000 Units, at $10.00 per Unit, generating gross proceeds of $828,000,000 which is described in Note 3.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 10,933,333 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to SCH Sponsor III LLC (the “Sponsor”), generating gross proceeds of $16,400,000, which is described in Note 4.

Transaction costs amounted to $44,156,346 consisting of $14,400,000 of underwriting fees, $28,980,000 of deferred underwriting fees and $776,346 of other offering costs. In addition, $1,663,066 of cash was held outside of the Trust Account, as defined below, and is available for working capital purposes.

Following the closing of the Initial Public Offering on April 24, 2020, an amount of $828,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) located in the United States and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s shareholders, as described below.

The Company will provide the holders of the public shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination, either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the Public Shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants.

The Company will proceed with a Business Combination only if the Company has net tangible assets, after payment of the deferred underwriting commission, of at least $5,000,001 upon such completion of a Business Combination and, if the Company seeks shareholder approval, it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote and a general meeting of the Company. If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Company’s Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination or seek to sell any shares to the Company in a tender offer in connection with a Business Combination. Additionally, subject to the immediately succeeding paragraph, each public shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination.

Notwithstanding the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than 15% of the Public Shares without the Company’s prior written consent.

The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination (and not seek to sell its shares to the Company in any tender offer the Company undertakes in connection with its initial Business Combination) and (b) not to propose an amendment to the Amended and Restated Memorandum of Articles of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not complete a Business Combination within Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

The Company will have until April 24, 2022 (the “Combination Period”) to consummate a Business Combination. However, if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish the rights of the Public Shareholders as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Public Shareholders and its Board of Directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Shareholders will be entitled to receive a full pro rata interest in the Trust Account ($10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company and less up to $100,000 of interest to pay dissolution expenses). There will be no redemption rights or liquidating distributions with respect to the Founder Shares or the Private Placement Warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period.

In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party (other than the Company’s independent auditors) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.00 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent auditors), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-URI http://asc.fasb.org/topic&trid=2122149

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 29 R22.htm IDEA: XBRL DOCUMENT v3.20.1

COMMITMENTS (Details)
3 Months Ended

Mar. 31, 2020

USD ($)

COMMITMENTS

Deferred Underwriting Fees $ 0.35

Underwriting Discount, Percentage 10.00%

Refunds From Underwriting Discount $ 1,440,000

Proceeds from Refund of Underwriting Discount 28,980,000

Aggregate merger consideration $ 2,898,000

X

- Definition
It represents Aggregate carrying value as of the balance sheet date of the liabilities for deferred underwriting fees.
+ References
No definition available.
+ Details

Name: ipoc_DeferredUnderwritingFees

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The refund received from the underwriting discount paid related to public offering.
+ References
No definition available.
+ Details

Name: ipoc_ProceedsFromRefundOfUnderwritingDiscount

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The refund received from the underwriting discount paid related to public offering.
+ References
No definition available.
+ Details

Name: ipoc_RefundsFromUnderwritingDiscount

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The percentage of underwriting discount expended related to public offering during the period.
+ References
No definition available.
+ Details

Name: ipoc_UnderwritingDiscountPercentage

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477
+ Details

Name: us-gaap_BusinessCombinationConsiderationTransferred1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 30 R2.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED BALANCE SHEETS - USD ($)

Mar. 31, 2020

Dec. 31, 2019

ASSETS

Current assets - cash $ 63,370 $ 0

Deferred offering costs 587,515 100,346

TOTAL ASSETS 650,885 100,346

Current liabilities

Accrued offering costs 343,516 100,346

Advance from related party 0 17,631

Promissory note - related party 300,000 0

Total Current Liabilities 643,516 117,977

Commitments

Shareholder's Equity (Deficit)

Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding 0 0

Additional paid-in capital 22,930 0

Accumulated deficit (17,631) (17,631)

Total Shareholder's Equity (Deficit) 7,369 (17,631)

TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY (DEFICIT) 650,885 100,346

Common Class A

Shareholder's Equity (Deficit)

Common Stock, Value, Issued 0 0

Common Class B

Shareholder's Equity (Deficit)

Common Stock, Value, Issued ^[1] $ 2,070 $ 0

[1] Included an aggregate of up to 2,700,000 shares that were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full (see Note 7).

X

- Definition
Represents the information pertaining to current accrued offering costs.
+ References
No definition available.
+ Details

Name: ipoc_AccruedOfferingCostsCurrent

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount as of the balance sheet date of obligations due all related advance from related party.
+ References
No definition available.
+ Details

Name: ipoc_AdvanceFromRelatedParty

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910
+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03.(a),19)
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.17)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118942415&loc=d3e14326-108349
+ Details

Name: us-gaap_CommitmentsAndContingencies

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Specific incremental costs directly attributable to a proposed or actual offering of securities which are deferred at the end of the reporting period.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 340
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.A)
-URI http://asc.fasb.org/extlink&oid=27011391&loc=d3e105025-122735

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.8)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DeferredOfferingCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(23))
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(25))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(32))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a)(5))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_NotesPayableRelatedPartiesClassifiedCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30)(a)(3))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(23)(a)(4))
-URI http://asc.fasb.org/extlink&oid=119400593&loc=d3e572229-122910

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770
+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 31 R6.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) (Parenthetical)
3 Months Ended

Mar. 31, 2020

shares

Common Class B

Number Of Shares Subject To Forfeiture If Over Allotment Option Is Not Fully Exercised by Underwriters 2,700,000

X

- Definition
n/a
+ References
No definition available.
+ Details

Name: ipoc_NumberOfSharesSubjectToForfeitureIfOverAllotmentOptionIsNotFullyExercisedByUnderwriters

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 32 R16.htm IDEA: XBRL DOCUMENT v3.20.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
3 Months Ended

Mar. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods.

Emerging Growth Company

Emerging Growth Company

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of Estimates

Use of Estimates

The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019.

Deferred Offering Costs

Deferred Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $44,156,346 were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Income Taxes

Income Taxes

The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented.

On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations.

Net Loss per Ordinary Share

Net Loss per Ordinary Share

Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020 and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented.

Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature.

Recent Accounting Standards

Recent Accounting Standards

Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.

X

- Definition
Disclosure of accounting policy for company's emerging growth and the facilities for which it is eligible under the 'Emerging Growth Company' category.
+ References
No definition available.
+ Details

Name: ipoc_CompanyGrowthPolicyPolicyTextBlock

Namespace Prefix: ipoc_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
No definition available.
+ Details

Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4273-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_CashAndCashEquivalentsPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for credit risk.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 825
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108315417&loc=d3e61044-112788
+ Details

Name: us-gaap_ConcentrationRiskCreditRisk

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for deferral and amortization of significant deferred charges.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DeferredChargesPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257
+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for determining the fair value of financial instruments.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 60
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7493716&loc=d3e21868-110260

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13279-108611

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790
+ Details

Name: us-gaap_FairValueOfFinancialInstrumentsPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 20
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32847-109319

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 954
-SubTopic 740
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6491622&loc=d3e9504-115650

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84158767&loc=d3e18780-107790

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32809-109319

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=116657188&loc=SL116659661-227067

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e32247-109318

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=116821951&loc=d3e32280-109318

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 05
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65884525&loc=d3e40913-109327
+ Details

Name: us-gaap_IncomeTaxPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6191-108592

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6161-108592

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6143-108592

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6061-108592

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e6132-108592

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=99393423&loc=d3e5967-108592
+ Details

Name: us-gaap_UseOfEstimates

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 33 R12.htm IDEA: XBRL DOCUMENT v3.20.1

RELATED PARTY TRANSACTIONS
3 Months Ended

Mar. 31, 2020

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 5. RELATED PARTY TRANSACTIONS

Founder Shares

In October 2019, the Company issued one ordinary share to the Sponsor for no consideration. On January 21, 2020, the Company cancelled the one share issued in October 2019 and the Sponsor purchased 17,250,000 Founder Shares for an aggregate purchase price of $25,000. On April 21, 2020, the Company effected a share capitalization, resulting in 20,700,000 Founder Shares issued and outstanding as of such date. All share and per-share amounts have been retroactively restated to reflect the share capitalization. The Founder Shares will automatically convert into Class A ordinary shares on the first business day following the completion of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, as described in Note 7.

The Founder Shares included an aggregate of up to 2,700,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent 20% of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. As a result of the underwriters’ election to fully exercise their over-allotment option, no Founder Shares are subject to forfeiture.

The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Class B ordinary shares or Class A ordinary shares received upon conversion thereof (together, “Founder Shares”) until the earlier of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property.

Advances – Related Party

The Sponsor advanced the Company an aggregate of $17,631 to cover expenses related to the Initial Public Offering. The advances were non-interest bearing and due on demand. Advances in the aggregate amount of $17,631 were repaid in February 2020.

Promissory Note — Related Party

On January 21, 2020, the Company issued an unsecured promissory note to the Sponsor, pursuant to which the Company borrowed an aggregate principal amount of $300,000, which amount was outstanding as of March 31, 2020. The note was non-interest bearing and payable on the earlier of (i) June 30, 2020 and (ii) the completion of the Initial Public Offering. The borrowings outstanding under the note in the amount of $300,000 were repaid upon the consummation of the Initial Public Offering on April 24, 2020.

Administrative Support Agreement

The Company entered into an agreement whereby, commencing on April 21, 2020, the Company will pay an affiliate of the Sponsor up to $10,000 per month for office space, administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees.

Related Party Loans

In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.

X

- References
No definition available.
+ Details

Name: us-gaap_RelatedPartyTransactionsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-URI http://asc.fasb.org/topic&trid=2122745
+ Details

Name: us-gaap_RelatedPartyTransactionsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

EXCEL 34 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( $.&Q% ?(\\#P !," + 7W)E;',O+G)E;'.MDD^+ MPD ,Q;]*F?L:5\'#8CUYZ6U9_ )Q)OU#.Y,A$[%^>X>];+=44/ 87O+>CT?V M/S2@=AQ2V\54C'X(J32M:OP"2+8ECVG%D4)6:A:/FD=I(*+ML2'8K-<[D*F' M.>RGGD7E2B.5^S3%":4A+,*P).B0\5?UX^8 TBTH_0(:+L A#&^NQT:E8(C M-R."?S]PN -02P,$% @ 0X;$4"?HAPZ" L0 ! !D;V-0&UL38Y-"\(P$$3_2NG=;BGH06) L$?!D_>0;FP@R8;-"OGYIH(? MMWF\81AU8\K(XK%T-8943OTJDH\ Q:X831F:3LTXXFBD(3^ G/,6+V2?$9/ M-(X'P"J8%EQV^3O8:W7..7AKQ%/25V^9"CGIYFHQ*/B76_..7+8\#?NW_+"" MWTG] E!+ P04 " !#AL10$2:;E>\ K @ $0 &1O8U!R;W!S+V-O M&ULS9)12\,P$,>_BN2]O:0;14.7%\4G!<&!XEM(;EM8TX;DI-VWMXU; MA^@'\#%W__SN=W"-"=+T$5]B'S"2PW0S^K9+TH0-.Q %"9#, ;U.Y93HIN:N MCU[3](Q["-H<]1ZAXKP&CZ2M)@TSL @+D:G&&FDB:NKC&6_-@@^?L&$YCV\ 5,,,(HT_?!;0+,5?_Q.8.L'-R3&Y)#<-0#JN&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T M$W-I=MNTF83M3A^%$5B-;'EDD81_OTV23;J;/ 0LZ?O.14?GZ#AY M\^XN8NB&B)3R> +]O6N[!3+UES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4? M,_@5RU2-9:,!$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA M5,+$P&IG/U9KQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M M&N#C\7@XMLO2BW A(5M>5 TR 6'!VULS2 Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T M1G*=D 4. #?$T4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH]5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5 9<8WS2J M-2S%UGB5P/&MG#P=$Q+-E L&08:7)"82J3E^34@3_BNEVOZKR2. MFJW"$2M"/F(9-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$. M$9)>-T(^8LZ+D!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]07 M2N0/)J<_Z3(T!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL! M_]':-\*K^(+ .7\N?<^E[[GT/:'2MSAD M6R4)RU3393>*$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.W MF)&Y"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>( M\J(A[J&&F,_#0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R M4E5@,5O& RN0HGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K> M9;'!51W/55ORL+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4X MOT4SMA*7&+SCYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M# DL6XA9$N)-7>W5 MYYN MTB42%(JP# 4A%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+ MA=OB5,V[&KXF8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.'YA,L0Z1^P7V*BH 1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW> , M?-2K6J5D*Q$_2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H: M,]6+K#F-"F]!U4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_ M 5!+ P04 " !#AL10HT=I#LP" #C"P & 'AL+W=OE7XV)REM]%*5M5G%)VN;NR0QNY.LA+E1 MC:S=FX/2E;!NJH^):;04>T^JR@32=)94HJCC]=*O/>KU4IUM6=3R44?F7%5" M_WV0I;JN8A:_+CP5QY-M%Y+ULA%'^4/:G\VC=K-DB+(O*EF;0M61EH=5?,_N M-I"W!(_X5R+-M(;A]_^J#Q MH-D2Q^/7Z)]]\BZ9K3!RH\K?Q=Z>5O$BCO;R(,ZE?5+7+[)/*(^C/OMO\B)+ M!V]WXC1VJC3^/]J=C555'\5MI1(OW;.H_?/:OVE8'?<'>:N7?1GY]^Y;(U;O:S397)IP_2( MAPX!(P0;$(F+/0@ )? B [O!388P6D!3F; /9V/Z!E-STAZYNG9B)Y/#@ C M9K1 3@KDB#Z?"&#$@A:8D0(S1+^="& $2VF%.:DPQWPVD2 @0$LL2(D%YO.) M! $)5/J6E+C%_&FI"4B@UBRE[93B"--R4YA P5G M Q'F-:84]S=,4(3$B%-C[#MN8P52$P 16@ MK0_8UCSP(0/:UL ^^BD#VK& WDSN,75W,V"1MK^ %NU;P)[D>2 " M[4G(/IPN;3? 5L+IYBA=2.=4NLFH9:JD/OKNTD0[=:Y]:SM:'3K8>_ MUQN\ M:W^_"WTL:A-ME76-FV^O#DI9Z3:4WKBMG%S'/4Q*>;#M<.[&NFL[NXE53=]2 M)T-?O_X'4$L#!!0 ( $.&Q%#&.@5X20, %(. 8 >&PO=V]R:W-H M965T&ULC9==;YLP%(;_"N)^!7_Q$261UD33)FU2U6G;-4V< M!!5P!D[3_?L90QGQ.;#F(F#SGN/G&.>-O;RJ^KDY2:F]U[*HFI5_TOJ\"()F M=Y)EUMRILZS,DX.JRTR;9GT,FG,ML[T-*HN AF$4E%E>^>NE[7NHUTMUT45> MR8?::RYEF=5_[F6AKBN?^&\=C_GQI-N.8+T\9T?Y7>H?YX?:M((ARSXO9=7D MJO)J>5CY'\EB2T4;8!4_6\J34L]MX\M^Y8\LM=KG_\M# ^@?0!] M;P#K ]@00/AL .\#N!,0=*78N=EF.ELO:W7UZN[UGK-V%9$%-[._:SOM9-MG M9GH:T_NR9M$R>&GS]))-)Z$C";U5;*&"Q8,D,.,/$!2%H#:>C>,3/)ZA\*,)4R(2U$4@4NT2()G%I9C6W)+B_$6AP/)W(@#L< M@18G7&OI-7,K;E9RRX$['($6)UQ3(="\*$T98(&R*1;(:JI*7/MY_8I;@@4,83(+0;1N'\KP6CS M7,KZ: \FC;=3ETJWLSWJ'0X_]_:HXO93OMA0CCPQ'.:)/2\%_X;H3EO?LOJ8 M5XWWI+39]MO-^4$I+0U^>&?P3^: -S0*>=#M;6SNZ^Z4TS6T.O_;7UN0I7\4?2%0GYGY#4Z>S.)*Z#O+,>;>1U76;.GGG#?S(&!9CBO$7DB# M:_'+D= *@C[+H:APS0I2>Q0?E_X:SK
[*5/2'O\N'[8>D#281+G'&9 HG+!6]Q6DO)/<>#YTI_ZW@$?T;GDK^3Z#7<-Q;[7=?\#7W IY))$ MU,A(R=2WEYT9)U671:!4Z*.]%K6Z7KO\MS!W0-@%A'V J/TH(.H"HL^ B6J^ M)5.M?D$+TLHJGB^ B\W2232L) M!Q+8*P*1O*\0NBIL0BL\U ML;464NBM$SAXB%3\9]C S>F@EJ9+42@)> #0 M(!F5:303)\W$HDF 0=-*XD&9&*B/@3.NTWAB)T]L\QAM;V*KCDGR2*$Q)$Z& MQ&8PAF"3C#(\4F@,J9,AM1BBR!T_=<9/[1XBHX?IU1/*'4JMQ%"VPF3U*1*[5K.4L%@T:@P/:F= MC'D9.==J(1R<]GO?.E2+RJ>\71I_(GHJ:N;M"1?KCEI*CH1P+'C BR#)Q9[: M/Y3XR.5M*NYINZRU#YPTW2(:]-OPZC]02P,$% @ 0X;$4 ;D4+?J 0 M^P0 !@ !X;"]W;W)K&1 F*@B!#% ^C7Q7& M=^)5P69)AA%.W!,SI9C_.@)A2^F'_KOC>>AZJ1VH*B;0WZ<35Q;:HC0# MA5$,;/0XM*7_&!Z.N<8;P,L B]CM/5W)F;%7;7QN2C_0"0&!6NH(6"T7> )" M=""5QL\UIK]):N)^_Q[]HZE=U7+& IX8^3$TLB_]>]]KH,4SD<]L^01K/:GO MK<5_@0L0!=>9*(V:$6&^7CT+R>@:1:5"\9M=A]&LBSW)DI7F)D0K(=H(L;D< M9(5,YA^PQ%7!V>)Q>_<3UK\X/$3J;FKM-%=ASE3R0GDO579?H(N.LT*.%A+M M(.&&0"KXIA"Y%([1#3U[*H17"NG_*F1.A>Q6(;I2L)!TIQ F01(_I)E;*'<*Y;="\950_L]2 MT.[Q4>"=:3OAU6P>3>V'ZTAV;2.&K3-N^HW4$L#!!0 ( $.&Q%"Z:E'- MQ ( +\* 8 >&PO=V]R:W-H965T&ULC5;;CMHP$/V5 M*.^[SM4)")!*=E$KM=*J5=MG+QB(-HE3V\#V[VL[WC2Q#>$%W\Z9F3,9[%E< M"'UC1XRY]UY7#5OZ1\[;.0!L>\0U8H^DQ8TXV1-:(RZ6] !82S':*5)=@2@( M(*A1V?BKA=I[H:L%.?&J;/ +]=BIKA']N\85N2S]T/_8^%X>CEQN@-6B10?\ M _.?[0L5*]!;V94U;EA)&H_B_=+_%,XW820)"O&KQ!C66C MQHNV_T%S$R)-B.XEQ)H0]X08WB0DFI#<2T@U(>T)47:3 #4!]H10:0!=LE3V MGQ!'JP4E%X]V!=0B6:?A'(KONY6;ZG.J,_$!F-@]K[)D <[2CH84'20:0M(Q MY,D!@6/(LP.2C2$;!R3O(4#(Z+5$3BV1XB=#_LS0TD&@@C0*$AA2)A'/-N(A MS& <&FHF82-%L5-1;"G*C6B*#I(.W%SQD#@])+8'0TB13.8LL6(P3.6'([%N,F*O+)8LTG MBW42L;F%&.F8.77,;!UFPF;WE(D#Y"@3&^6\KVQ8%L.96Y9X:IR/26 +,R[Y M0F/N+X70?+C&I^ZG(+3? K,FURY,9L0 !N]HC>E!=4',VY)3P^6E/=CM.ZVU MZHNL_7#^'+I.1!SB1#5GX+^+KK7[ANBA;)CW2KCH -0[O2>$8Q%^\"A2>!3= M9+^H\)[+:2;FM&NIN@4GK6X70=^SKOX!4$L#!!0 ( $.&Q%#+MHV+NP$ M -0# 8 >&PO=V]R:W-H965T&UL;5-;;MLP$+P*P0.$ M,FTWCB$)B%,4+= "1HJFW[2T>B!\J"1EI;?ODI)5(9$_3.YJ9G:67*:#L:^N M ?#D34GM,MIXWQT9V>6IZ+UL-9TMCD8LQK"+Z5&4V"(9!0^* @<+G"$T@9 MA-#>F3SB4#<;F_J7^)O6,O%^'@RF;C!XH*:$2O?3/9O@*4S][2J;F MO\,5),*#$ZQ1&.GB/REZYXV:5-"*$F_CVNJX#I/^C;9.X!.!SP0>"6PL%)U_ M%E[DJ34#L>/9=R)<\>;(\6R*D(Q'$;^A>8?9:WXXI.P:=";(:83P!60S(QB* MSQ7X6H43_T _/*SSMZL.MY&_6_"W^W7^;I6_^\!_2-YU.$+V$:(CA-\GX?>N M#EN[C3=0&>,![21W MZ*3!)S8'$BH?MO>XM^.@C8$WW?2&V/R0\W]02P,$% @ 0X;$4!KS@UQ* M @ 4P< !@ !X;"]W;W)K=NK+A?&62'7DUT#TG)*S$;5-@ "( M@Y;4G5_DYNZ)%SF[R:;NZ!/WQ*UM"?]WI T;]C[TWRZ>ZVLE]450Y#VYTI]4 M_NJ?N#H%LY=SW=).U*SS.+WL_0/<'2'6 F/QNZ:#6.P]G^T!' M1!M:2NV"J.5.'VG3:$\JCK^34W]F:N%R_^;]BTE>)7,B@CZRYD]]EM7>3WWO M3"_DULAG-GRE4T*1[TW9?Z=WVBAS'8EBE*P1YMZ+_8[A#JC:EOC2E,-]4\$+= MWHL,YL%=^YE,CJ,)6IB\6P3*^4Q +L(16?(,N?78&2$V>KS48[<^=.I#HP^7 M^G"5X6@2&Y/.F* ( ."F1$Y*9%.B%64TB1:43S")\48Q8RQL4(BS+'-S4B"B[%,S 8NT1=EH6.B@6"T+/Y2/LW$/$%F=!\%&ZT)W[T+L"!:O@\5V M^X4IM*(-%C.MI?QJIKGP2G;KS%.RN)U?C ,R,_'=?'QN?A!^K3OAG9A4D]7, MOPMCDJIPP(.J6J5>N/G0T(O4VT3M^3CFQX-D_?2$!?,[6OP'4$L#!!0 ( M $.&Q%!P(4((M $ -(# 8 >&PO=V]R:W-H965T&UL M?5/;;IPP$/T5RQ\0LRS;1BM RJ:J6JF55JG:/'MA "N^4-LLZ=]W; BA+--XVQBGLT;V96X&+X6&LR5N4(K;7R>09BSHCKXX'D3;^>!@9=[S M%KZ!_]Z?+5IL8:F% NV$T<1"4]"[W?&4A?@8\$/ Z%9G$BJY&/,4C,]U09,@ M""14/C!PW*YP#U(&(I3Q<^:D2\H 7)]?V#_&VK&6"W=P;^2CJ'U7T%M*:FCX M(/V#&3_!7,^!DKGX+W %B>%!">:HC'1Q)=7@O%$S"TI1_'G:A8[[.-T-B6*RC]PS\OXC?/\?A7\09)L$623(WBQQ M*^;P5Q*VZJD"V\9I=\?&'-5!XJ[*].#QIO&6,4]FK9EKK? ZPA2DJ5) M?2=;)F;P4NAX62)&Y3B]N<1I!D+NJ/OCD?1=CXX6)GWO(4G\-_Z MDT6++2RU4*"=,)I8: IZMSL@_&Y+F@2!(&$R@<& MCML%[D'*0(0R7F9.NJ0,P/7YG?U3K!UK.7,']T;^$+7O"GI+20T-'Z1_-.,# MS/5\H&0N_@M<0&)X4((Y*B-=7$DU.&_4S()2%'^==J'C/DXWV7Z&;0/2&9 N M@-N8ATV)HO*/W/,RMV8D=NI]S\,3[PXI]J8*SMB*>(?B'7HOY2ZYSMDE$,TQ MQRDF7<4DESA M"'7XP19#0N/#\0;/=AJSR?"FGW\06[YQ^0902P,$% @ 0X;$4/T6%T>T M 0 T@, !D !X;"]W;W)K&UL?5/;;M0P$/T5 MRQ]09[T!EE42J5N$0 )I541Y]B:3B^I+L)U-^7O&3AH"37FQ/>,Y9\Z,Q]EH M[*-K 3QY4E*[G+;>]T?&7-F"$N[&]*#QIC96"8^F;9CK+8@J@I1D/$G>,B4Z M38LL^LZVR,S@9:?A;(D;E!+VUPFD&7.ZH\^.^ZYI?7"P(NM% ]_ ?^_/%BVV ML%2= NTZHXF%.J>WN^,I#?$QX*&#T:W.)%1R,>8Q&)^KG"9!$$@H?6 0N%WA M#J0,1"CCY\Q)EY0!N#X_LW^,M6,M%^'@SL@?7>7;G!XHJ: 6@_3W9OP$E&".TD@75U(.SALULZ 4)9ZFO=-Q'Z<;GLZP;0"? 7P!'&(> M-B6*RC$+XK,FI'8J?>]"$^\.W+L31F__2<)6/55@ MFSA-CI1FT'&25]YE8&]Y?),_X=.T?Q6VZ;0C%^/Q96/_:V,\H)3D!D>HQ0^V M&!)J'X[O\&RG,9L,;_KY!['E&Q>_ 5!+ P04 " !#AL10HN^6/[(! #2 M P &0 'AL+W=O0/F;5AO)G#=-1^Q@@#41) 6A679+).,*5T7T MG4U5Z-$)KN!LD!VE9.;'"82>2ISC-\<3[WH7'*0J!M;!%W!?A[/Q%EE8&BY! M6:X5,M"6^"X_GO8A/@9\XS#9U1F%2BY:/P?CL2EQ%@2!@-H%!N:W*]R#$('( MRWA)G'A)&8#K\QO[QUB[K^7"+-QK\9TWKB_Q :,&6C8*]Z2G!TCUO,,H%?$ MKB!\>%#B<]1:V+BB>K1.R\3BI4CV.N]=90:Z!*,6;"G<1OON'PM\(]IL$^TBP_V^)6S%_%DE6/95@NCA-%M5Z M5'&25]YE8.]H?)-?X?.T?V:FX\JBBW;^96/_6ZT=>"G9C1^AWG^PQ1#0NG!\ M[\]F'K/9<'I(/X@LW[CZ"5!+ P04 " !#AL106T&Y&K,! #2 P &0 M 'AL+W=O,)IILSNA]9MMI2PZ8"G1[_GN!]FK5ZA=@AGEOW@Q#/J)]=AV )R]:&5?0 MSOO^R)BK.M#"W6 /)MPT:+7PP;0M<[T%42>05HSO=F^9%M+0,D^^LRUS'+R2 M!LZ6N$%K87^<0.%8T(R^.AYEV_GH8&7>BQ:^@/_:GVVPV,)22PW&233$0E/0 M^^QX.L3X%/!-PNA69Q(KN2 ^1^-C7=!=% 0**A\91-BN\ !*1:(@X_O,29>4 M$;@^O[*_3[6'6B["P0.J)UG[KJ!WE-30B$'Y1QP_P%S/&TKFXC_!%50(CTI" MC@J52RNI!N=1SRQ!BA8OTRY-VL?IAM_.L&T GP%\ =RE/&Q*E)2_$UZ4N<61 MV*GWO8A/G!UYZ$T5G:D5Z2Z(=\%[+;.,Y^P:B>:8TQ3#US%+! OL2PJ^E>+$ M_X+S;?A^4^$^P??_4/@;P6&3X) (#O\M<2MF_T<2MNJI!MNF:7*DPL&D25YY MEX&]Y^E-?H5/T_Y9V%8:1R[HP\NF_C>('H*4W4T8H2Y\L,50T/AXO UG.XW9 M9'CLYQ_$EF]<_@102P,$% @ 0X;$4(A1$'>R 0 T@, !D !X;"]W M;W)K&UL?5/;;MP@$/T5Q >$->NDT6;ML8W"Q0&\3O^^@(GKMFY?@!GFG#DS#,6DS8OM 1QZDT+9$O?.#0=" M;-V#9/9*#Z#\3:N-9,Z;IB-V,,":")*"T-WNADC&%:Z*Z#N9JM"C$US!R2 [ M2LG,CR,(/94XP^^.)][U+CA(50RL@Z_@O@TGXRVRL#1<@K)<*V2@+?%==CCF M(3X&?.X!R$"D9?QFCCQDC( U^=W M]D^Q=E_+F5FXU^*9-ZXO\2U&#;1L%.Y)3P^0ZKG&*!7_&2X@?'A0XG/46MBX MHGJT3LO$XJ5(]C;O7,5]2C#RP\ M<7:@OC=U<,96Q#LOWGKOIK]!UL, :T+QP_^;.8QFPVGA_2# MR/*-JY]02P,$% @ 0X;$4&YZY]BT 0 T@, !D !X;"]W;W)K&UL?5/;;M0P$/T5RQ]0;[Q+6ZV22-TB!!)(JR+@V9M, M$JN^!-O9E+]G[*0A0.#%]HSGG#DS'N>C=<^^ PCD12OC"]J%T!\9\U4'6O@; MVX/!F\8Z+0*:KF6^=R#J!-**\=WNEFDA#2WSY#N[,K=#4-+ V1$_:"WBA<\0OO1GAQ9;6&JIP7AI#7'0%/0A.YX.,3X%?)4P M^M69Q$HNUCY'XT-=T%T4! JJ$!D$;E=X!*4B$ S@"^ ^Y2'38F2\K8TQ?!US!+!D'U)P;=2G/A?<+X-WV\JW"?X M_A\*?R,X;!(<$L'AOR5NQ=S]D82M>JK!M6F:/*GL8-(DK[S+P#[P]":_PJ=I M_R1<*XTG%QOP95/_&VL#H)3=#8Y0AQ]L,10T(1[O\.RF,9N,8/OY!['E&Y<_ M 5!+ P04 " !#AL10EAJ#ZK,! #2 P &0 'AL+W=O2V2O=@_(W MC3:2.6^:EMC> *LC2 I"-YN/1#*N<)E'W\F4N1ZCR#T6. , MOSCN>-NYX"!EWK,6?H+[U9^,M\C,4G,)RG*MD(&FP-?9X;@+\3'@GL-H%V<4 M*CEK_1B,[W6!-T$0"*A<8&!^N\ -"!&(O(S?B1//*0-P>7YA_QIK][6)_P 6$#P]*?(Y*"QM75 W6:9E8O!3) MGJ:=J[B/Z6:?8.L F@!T!NQC'C(EBLJ_,,?*W.@1F:GW/0M/G!VH[TT5G+$5 M\$VPK?O*/R+ M8+=*L(L$N_^6N!;S^9\D9-%3"::-TV11I0<5)WGAG0?VFL8W>0V?IOV6F98K MB\[:^9>-_6^T=N"E;*[\"'7^@\V&@,:%XR=_-M.838;3??I!9/[&Y1]02P,$ M% @ 0X;$4)'D7G(P @ ; < !D !X;"]W;W)K&UL=57;CILP$/T5Q >L,9"K "G9JFJE5HJV:OOLD$E :V-J.V'[][4- M2RD=7K ]G#EGQF-[LDZJ5UT!F.!-\$;G865,NR=$EQ4(II]D"XW]"J=]'X+++0QJ^&U[J M6V6<@119RV[P#7B@^R--G(-'_*BATY-YX%(Y M2_GJ%I\O>1BYB(!#:1P%L\,#GH%SQV3C^#60AJ.FFX5GR MG_7%5'FX#8,+7-F=FQ?9?8(AH548#-E_@0=P"W>16(U2U,Z MH]\*_\\&KZWU4= XRLC#$0V88X^)IY@102S[*!%C$L?X/_<8=T_0"!/OGDS5 MHS5.D*($J2=(_TF1SE+$, M1KE"1%4*0S$0P3(J+K%&1-4*PFHE@F(7MVJ B M&X1@,Q/!,%M<9(N*;!&"W4P$P201+K)#178(P;SP&&:A\#3";U"$4,Q+CX(6 M:D\7;BI%*.;51T$+Y:?H=3W0&*&8'P 4M' "*'ZO:8)0S,\ !DKGAX!,'CL! MZN:?>1V4\M[X'C.QCJWD$/O'\B^\[T-?F;K5C0[.TM@GUS^,5RD-V%BB)WM_ M*]OZQ@6'JW'3C9VK_OWO%T:V0V\C8X,M_@!02P,$% @ 0X;$4%XH^T5V M P -! !D !X;"]W;W)K&ULC5CM;ILP%'T5 MQ ,$_ FIDDAKJFF3-JG:M.TW39P$%7 &3M*]_6QPHV!?T_"C8'/N/=?&YSCN MXB+;U^X@A(K>ZJKIEO%!J>-#DG2;@ZB+;B:/HM%O=K*M"Z6;[3[ICJTHMGU0 M724X37E2%V43KQ9]WW.[6LB3JLI&/+=1=ZKKHOWW*"IY6<8H?N_X4>X/RG0D MJ\6QV(N?0OTZ/K>ZE5RS;,M:-%TIFZ@5NV7\"3T\$6P">L3O4ERZF^?(#.5% MRE?3^+I=QJFI2%1BHTR*0M_.8BVJRF32=?RU2>,KIPF\?7[/_KD?O![,2]&) MM:S^E%MU6,9Y'&W%KCA5ZH>\?!%V0"R.[.B_B;.H--Q4HCDVLNKZO]'FU"E9 MVRRZE+IX&^YET]\OPYL,VS X -L ? U =#* V !R;P"U =0)2(:A]'/S5*AB MM6CE)6J'SWLLS"I"#U3/_L9T]I/=O]/3T^G>\PI1M$C.)I'%/ X8/,+@,6;M M8QS$DX\@V162Z"*OE6*P4MS'TU$5Q*ETP+ >T_28'.>IN6 F C(1@(DZ3 .& M TP!*@I248"*.534HT(!#@9R,("#.Y^/^1R:-R!(%F'*0*0>8Y@[3@,EOF.8S-!]=,.4D4&>P4"+ *YLH8^5Z191.?"S8,!#@&"W@U@JT M05[@"L>"[G$V!!L! IR Y8$4L,(1(''F59H#ZV5.S!4@@[6- .%R5]P6=&LH M:,9@'@RK&P/JYLZVOL:^NA&?6ID85C<&U,UQ($5@;[]K'5.0<1VP,V# &3@-I("= 4.;OS>GN2^BT-J'/0'[GD " M:B>PV@FD=G]2*4/=OWQ:R>E$CIK.M/Y#OH(?VU4 M8J?,8Z:?V^$<.S24/-HS>G+]1\'J/U!+ P04 " !#AL10"GPQVN0! "J M! &0 'AL+W=O.YY[LR=LTG(=]4" MZ."#LU[E8:OU<$!(E2UPJA[$ +WY4@O)J3:F;) :)-#*!7&&5A'%X=;UW3:NM 13;0!GZ _CFK?&URL/()@0,2FT9J%DN\ R, M62*3QI^%,UPE;>!V?V5_=;6;6LY4P;-@O[M*MWGX& 85U'1D^DU,7V"I)PV# MI?AO< %FX#83HU$*IMP[*$>E!5]83"J8 M%8$,^RJ!?1)'?!].B)]@Y\UQYPAV6X+H$X+$2Y X@F1+D.*;(F<,<9C>89(D M3LDN^40I]2JE]TID?Z,T8]*-$MY']O$+$:\0\0@]W@B1NY)PZM%!FU[A(!LW M)2HHQ=B["=UXUT%\PJ[7_L/G*?Y.9=/U*C@+;3K6]54MA :33?1@*F[-Q;$: M#&IMMWNSE_/XS(86PW(SH/5Z*OX!4$L#!!0 ( $.&Q%!8EZ+]Z $ L% M 9 >&PO=V]R:W-H965TV6TDSO4*-5O,99E XS(#>^ATRLU%XPH'8HSEKT 4MDB1G'H^REFI.U0D=O< M410YORC:=G 4GKPP1L3O/5 ^[%" WA)/[;E1)H&+O"=G^ [J1W\4.L(S2]4R MZ&3+.T] O4./P?:0&KP%/+M>3D3"@=.?;:6:'$S3/TDR)N: M_PI7H!ING&B-DE-I_[WR(A5G$XNVPLCK.+:='8=Q)8VG,G=!.!6$S-$F[=W9-=RMU]EH$Z8<<7PW1 MA-F/F'")B<-;S.$>\Q>!M8/91NBT$=KR:"GA9VZ"R$D068+XQF.TZF/$)!;3 M64P69K[YN95BIU)\K_3@KY1&3+I0"OZAD3@U$H=&L-(8,=E2(]@DJV-Y!W1C M)75:21U65H>_3^\V5I^>:V/QXEJ:9^(;$>>VD]Z)*WW#[3VL.5>@2?V-YFOT MRS0'%&IEI@]Z+L;OG!\_O7_$'4$L#!!0 ( $.&Q%#Z<$&PO=V]R:W-H965T<>@V\Q,/XJ M&@#IO5'2B=)OI.PW"(FZ 8K%BO70J9T3XQ1+M>1G)'H.^&B2*$%1$&2(XK;S MJ\+$]KPJV$62MH,]]\2%4LS_;H&PH?1#_SWPW)X;J0.H*GI\AI\@?_5[KE9H M8CFV%#K1LL[C<"K]QW"SRS7> %Y:&,1L[FDG!\9>]>+;L?0#71 0J*5FP&JX MP@X(T42JC#\CIS])ZL3Y_)W]B_&NO!RP@!TCO]NC;$I_[7M'..$+D<]L^ JC MG]3W1O/?X0I$P74E2J-F1)BW5U^$9'1D4:50_&;'MC/C8'>R9$QS)T1C0C0E M*.W_)<1C0OR18!20K!9K\U!7XV'4!X-;MTIOO, MHE.3>8S,M?B VP[U _-SVPGOP*2Z7.8*G!B3H$H)5LIOHYKBM"!PDGJ:JSFW MK<$N).O'KH>FUEO] U!+ P04 " !#AL10-W0>P0X# !A#0 &0 'AL M+W=O?Q2IW6LV@T9DN>_\ZVXC"W8]O:LEUZ MRL4+OWQE:D&!;:G5?V=GEDMXDXG4V/"\;O];FU,M>*%89"I%^M%=L[*]7A3_ M9Q@.H"J ]@'$OQK@J0#OU@!?!?BW!@0J(+@U(%0!X:T!D0J(M "GJVZ[78^I M2!>SBE^LJCMQQ[0YV.0^D@=BTTRV^]_^)G>LEK/G!8F"F7-NB!3FH4?EO&@C#>5\;7JKST@@S5\J.&#I1!,$$"" !!H!5]UF'B8Y%V 14(H M$DY%0HH)(D@0@2P]+"U(#)08!L1X*,XU+O/U$@T,-<5FXD@ M-TWZG#\Y9R1JM4QBV'@$.<_3FW,P$:-N-#XQ*JTITM '"/8H 2:-38<*NY0 MF^H=;Z5 (P\8>@'!3B7(JH8' ,%>)D-1H%'QHRMNI=BM%+@UT:T&088- MI-C2%%@Z,526&AZ,P*V)5I8E!8_&*/1,R6)34V#JQ->5P-/QBA(V-06F3@Q- MC&*K4F15K0,]*= P6>_:8<$NI,"%B2:U5J#_2CF#]\3FX^-'6NVSLK;>N)"O MG.V+X8YSP22G>R?3/\COG7Z0LYUH;B-Y7W4O_=U \*/ZH''ZKZK%/U!+ P04 M " !#AL10*U'O=00" !U!0 &0 'AL+W=OVU[,S.PZ[^<#%JVP 5/#.:">+L%&JWR,DJP88D2O>0Z=O+EPPHO11 MU$CV LC9)C&*_N>F+\XWF/]-I4)VJ>P M=[IXJ:.W,MYMLX5'A\DLIK.8:+5._2JI5R7UJ.P6*O<8W3Y^D8U79.,AB!(;P0L&V;?W WD'X04;>=#$Y:S+7+A7($N)UII MSXV>@=.!PD69[5;OA9L$[J!X/PXY-$W:\B]02P,$% @ 0X;$4'PKY+GM M @ WPP !D !X;"]W;W)K&ULC9?1;ILP%(9? M!?$ Q38!DBJ)U&2:-FF3JD[;KMW$25 !,]M)NK>?,91A^P32BP+F/\>?[9Q? MA^65BS=Y8DP%[V51R55X4JI^C"*Y.[&2R@=>LTJ_.7!14J4?Q3&2M6!T;X+* M(B((I5%)\RI<+\W8LU@O^5D5><6>12#/94G%WPTK^'45XO!CX"4_GE0S$*V7 M-3VR'TS]K)^%?HKZ+/N\9)7,>14(=EB%3_AQ2U 38!2_S>+V85RK9EA>_ M\[TZK<)Y&.S9@9X+]<*O7UBWH"0,NM5_8Q=6:'E#HN?8\4*:_\'N+!4ONRP: MI:3O[36OS/7:ODD_PN T@60/B">C0;$74#L!$0MF5GJ)ZKH>BGX-1#M:=6T M^5'@QUAOYJX9-'MGWNG52CUZ61,4+Z-+DZC3;%H-&6BPK=CZ"H)FO2;2!#T& M@3 V!$B0.)- FA2>) ;7&IL$LT&"%#E+;26)D51&DB#SY[!,ZRR>&<@S\W@( MRAR@5I,-)D(/>AKW "9E%DX"XB3^]CC3;!)OV>[&C"DLAA1D2'T&XC"DDPQC M"HLA QDRX%CF#D3F34%8 QL+!\#5X<>/,%^ D"R]!',/Q&,'^ M@?P3F[G^@6Y5BU=7=TEMKAN^AOWMPVZU=Z+)ZIK6V4B@QSUAXF]5XA*1R5_W MJ,3F@&T0 SZ8NAR^P7D<8Q*; [8_#/@?=AVG$XV"C$EL$-CXL.]\<7(C VQ; M&/ MKPI\6TIN%,$=2IL*-C(,.)E? ]F=-3"ILY%@4\.^8_DU, ><,P,WZ@ZE M306[(/9MT*^(Q=U4=RCME@BV5N);JU\?Q#=,]^1&)2U(-&@72R:.IK.6P8Z? M*]/6#T;[[OV)F';SO[QM_;]3<.%=,DZ 'S7#27QO]0\$. MJKG-]+UH6^[V0?&Z^YR(^F^:]3]02P,$% @ 0X;$4"1GZ[[L @ DPP M !D !X;"]W;W)K&ULE5?M;ILP%'T5Q ,$?!U( M4B61FD[3)FU2U6G=;YHX"2K@S#A)]_8SAC)BCJ4N/P(VYY[CCWO,97F5ZK4^ M"J&#M[*HZE5XU/IT%T7U]BC*K)[(DZC,D[U49:9-4QVB^J1$MK-!91%1'*=1 MF>55N%[:OD>U7LJS+O)*/*J@/I=EIOYL1"&OJY"%[QU/^>&HFXYHO3QE!_%# MZ)^G1V5:4<^RRTM1U;FL B7VJ_">W6UHU@18Q',NKO7@/FBF\B+E:]/XNEN% M<3,B48BM;B@R<[F(!U$4#9,9Q^^.-.PUF\#A_3O[9SMY,YF7K!8/LOB5[_1Q M%<[#8"?VV;G03_+Z17032L*@F_TW<1&%@3:RW+CL4,I MVFM>V>NUXW\/PP'4!5 ?P&U U K9D7_*=+9>*GD-5+OXIZS98W9'9FVV3:== M"OO,#+XVO9+*#( A!,'1&$2; (B[D"1NA9J0>E@ M4WP;SSQ&92,9-G6WO@/-!S*+"5O<_#RJT+OWC,#DW*R&(-_LL,49!Q2CV0$0 M]^0VPR D3]AX!6XT.R@YTDR4>BQ.V'HVM-T[&#I1\(!D) MVY/ JWB4C!WH-AE]N8@]3,B>HU5#1G=S,1K4A*50!UL-U\%6GBM;B@]Z^XK[ MGFQ-^0_>ENO?,W7(JSIXD=I4IK9^W$NIA1E+/#&+>C1?"'VC$'O=W,[,O6K+ MY+:AY:G[!(CZ[Y#U7U!+ P04 " !#AL10, SK'D&UL[7UI<^/&M>CGJU^!\IW<2%40+4JS.4Y;4LZC]\M6B:]>^^_KJ>+=0JJP?E6A7P MRTU9K;(&_EG=?EVO*Y7-ZX52S6KY]>'!P>NO5UE>?/7=[^O\N]\WWYV4LW:E MBB;)BGER6C1Y\Y","UXA+XMD/ZD76:7JWW_=?/?[K_$=?N\H^5 6S:*&=^9J MWOWU0U8-DJ-AFAP>'!YT?_RQ+0;)PU MZOXX/-C_4_=O(WAZ3F^<+;/;[J\WV;+N+6.^<:FJO$0XS9.3K.D]IX^]\Q__ ML?%L9WD]RY;)GU56)6?PQQYTMWE;]A)\_T_#[E_D:J_4;5XW50;+G&>KW@$F MY2R'I8^S==[ __^@YF5=KA=YEOQ0+N=Y<5LGQV6U'B3C\3CRA6/88@7OC@$O M/B=_5 _=YPX.#H9O#X;#-[T3'K=5U05/#-3[^\/#_:/8,<_RI:K@&(VZ+:O> M#L[+8C^;S10\ T_,^>GN0]=5A@=.)@^K:;GL_CJ^O#B. 4!.<:769=70$DW6 M]._HSWVB,O37P,YF37ZG\.R97C+R^.GG!#9;U#G1"J-%Y-')*ELNDW=M#?14 M]S[?5&T/SOH;*U7=XEF^K\K[9@%8L%IG10^R^C,+!9^)/ -_7L$^CY=972>C M&!#YH4E3SCZEL!ZRH.2B;>H&^!3L8^.B[WJ_7IR?G)Y/3D^2=Z/WH_/CTV3R MP^GI]02XV\?)2;+[8J]';&JF&=CPFQX'F4S@Y1CVP@Y44\/2LZQ>]->]4?#8 M/"EOX#\0H+.R;GHW<7UQ/7J?;/[.,L^F^1(NO8]'H]D,KO*QCXSF=UDQ4\E- M5:Z22BV)%M99U?2N[!*>R.L:2"DIRD;!V38^?ETB\]#[?!_?)]Y:WB!3Z_Z$ M NYW]3J;J3]\!1*L5M6=^NJ[I,>O$#$6P)I4]5L017]K$7=V BS3$N3%P<#9$=XC.0N6[;JV^15"G_!_\E#2=8VB[+*_Z[FW\+I00X!)!"X M*##+.$:.YG,B2(#$.LOG^WD!"$%L-7!;[:IE>,YYZV&(/NVTC$/OQZ-WX_?C MZ_'I)!F=GP#BCZY.?[AX?W)Z]=M)S93LG4"79[6VE;N&,@)1)NTZ:,CE,W_B0;A99D]RK2B5U M._U%S1I\"K2 &Y4W+?P5_M4L5*(^-XA7]#3^NP5)4]U7.3#-^K_^\^WA\,VW M27FGJGW@=25A5U*NB3?>9S4B,*R@JEE>P\[@5FY:X%6[M5+).>+VF[W!UNQC M]S)#%%^H)@>!M0=T\2+Y.J(P6>03:,*[25F1<( _$FR1>?,M/_JVL,210KJ:P3\!*P<(P[N4WA&N(5TD/ MKWR%://7S7J'(P,N109HU5HOT'WE2C5@GL&N3K.J((4[ M]B3)A#Z,ER33@35N5&'T<[NP)8;SWJ/O'.,;RR6C%="+'+IS>5_VEKN1GA@! M0J?-1M^ND5CK=5F BO+KWMZT#R2398!,')AOM'LC,-_XSJ_&]HZ(VLA;P@0G M#/+B1C/JB3#(ZQ*,3\,@QS?)!3+'D6&.%\P65?#MT MFH21$6S"[($EQTV2L?Y=]Q7P@*KL[V+]-(7\TGYTLTF *(YF"W[@+I_S-86@ M%'KQ>)$5("2(R?4M'X+]?O).@1E9A-0)_OTT+*3!8J=]Y<6=JDF2H1S9ZOXB M)A?"N&./UK^.T>X'"2)5-@1I^2V4*!-)OQ M P@26*!DKTB&3QT#YF1(P_ T(!\H.:LU_JC? /J^F#4E,HCA6Q8;@^0:/BW? M))4;'7GP#OP?Z5#K%KY1$P4I@/>,KS-!#X.J4I$'ZO.,T"EE>QIN",P==G'H M1V =>*:&1RI55K=9D?]=I$R5U/DJ7X)*.A57!VYX"MC"9D#>+!*TY.#!50DK MZ:> %G;&$CR.0@ ]D3,^S%C>3 M%_.V;H!F<8-P;O@_A(G HT: S(!MM*M5)C )[2'U/UF ,32O65N=M37>B',< MP&U\NE&S15$NR]L'O0F@%"#R?)55.;#E93FC.Y?'/Q:T?U+F:_\^$7>*1&45 MO 5*(- [$J+2[J%;=@]I](#?\ )!IYXMTBZH'$4;O5(E:]A57G^J\=(1VW$7 M=%O;?1 .!3=#@ 1Q,%L8>>!_>Y'-Z9[@)6"+,S)0'[22#!6&0Q /$L@^T(;[M32)(CH+5EAC#4L $UW[1O MA,+;P_2MN%': N_ Y?Q(R+7@ Q,C41- ;2V4AP]KLTYK-*.>1N/*2LT@@(!! M[/"^Y7.R/=83>VC(:]1\A^ATT28S*AE=1XYF!V%'#FQ<,P <09,CM66U],1R\8F!$7R6="-^@G]?F9]1LCW_0VBTI&N_? M'WO;D=_L[6^&]?!U^I)!'617&M8O@40QQH%,&>Z?-;ALA1%1%K0O7KY,AZ]> MIT0%AOO^YJUY8JX5QMZCQ)E?O'G#GT%M M&@Y>=;1&T+\L1L+BP_3UZZ/TX#6]0$HLZD0+M63W,6C9&DVN*Y#,R6@VPV.1 MW$1W<*&Y=DJ?1P%\EX%R,UT2*TSNR^H3?5ST0JU.#';.2J";>_QM>YQTF)7A M3$AA!.H>=>QV*&O/LMH"E#;WIEV4MBQ$^$EL,UH2NB_&\9T 2\C*2GW2$$ S M!JB'I1ZH#9UL4H,8^&1^\!,?!Y-!5158J0W,G0246 MKJM!1IA,%./QX6ZVMSM\O6GY31;&,T([,-O7AX02F0K]EJYIPF_YC!@ MY$N@86<-[O"!UGO[*IEG#S7JHDN0U"G^!P*-17^QSU_)[F MR]4V4E/+"7P%;*>G^HC%3(58,RK+ I!=L%"!S8& M/6:P&S&8U@@(%5T_(1\=K V(@*15\\6B$:0Y,>N5K@*^I):H@5&NC)@VJPB>/*& M W=IEE,8%1<(R?WQ77&Y-5ZEH?,S''^SNC-X.%(LD+?C%5!;=))$I6BEKL$=RUK? HE)9 MS6!Q+Q;5P^R!H-QDGY,2 'NK3;MKMN3VV8<@H($7I@[MVQ6#E[((7X*QHZ9H M2P!V6'855BG0_LSKFCAB#R_Q +()3R_>S1AUVKIV]*/7>W0R.)%&F8(WN6*% MN<)(3I28(V@>LA6ZG$ZKI&&.AM)?TWV8D@HDB)N.>5Z3]@!Z]6V.6@YG5*1B M>3H>U&U F](!FP0Q!2P!'=X?,BS0,;&UE$B[.T7>40>9!SS: .AF"NP_\I@8 MBPK@62Y9O-".NRZV978OJVQR ;&J7*F_M7DE)E5VT:2H_*)_GM 5R7\DVA+N MY$K5')W^H%8E(.V\7='?1^B@6[(!/!*_$P%9\WAR2QE:JKV/L'?-D0!5*TOA M+Q.C$W)^I3@U*;V)T=,X/LBIDHF$&2W9640? 8W3)!@#*2(9'B?OLLNLMT"9S(I8PKYA&=BF#A:%)Q M'894'XQ]8K8>?)9T1I04" M;YU5<+79>@'*9 8G=Q52K3B"= 3ASTMYPMB[4S9]T#X!J)#'A:PX0E9D1P0L MX-65 )R\=3>NLOA@V1&BPRU07E!*M['GXV#N :?AEG2:A_9;JMJ1=;"U' M-JG::2S&614_:.<$(KDMX!5:O6 M. +B9M5_'!T:,W'SXLYGJFIH#;0HA3G>5F6[UGY,EZB%V@43ATV]JJP?Z%$PA)K":87^O?F.\&![K MT5@:XGC,AE&Q@2LCWQ9P:E:W LQP-]O[$@[3X9N(6?X.22^?HDX=HOZM5-C(0F6!+O3/=H26@U,U>SQTF4"LJ7' M5 G4'L*:!+LC$!'F^8W(:);:,XI!-OFJKV.9^[?6B\/KA@<'$53JL!:')]#U M1.6!N*SRX3:TQO=(@$Q(?@U"]MX4HZ+9 -A@1LGT5VI\0W MY7E3#[N!^0ZPC?>&U"X=$(A*UQ_*>W6'/#ID0CF7/G_DUN7=SF;Z"C9A\DQ1 MV 7]1R9DBO%ZM6Y",?[[G$5@NTX9:3(* 0!/ JF?U:+-9U/X%[Q2D\4'-CCM MW[).Y'V^0P+13)%^ECI7Z'NO4@E]&'N?@B IVI#D/Z>D[!KUC+^U@'1"Z397 M6;L'%@I-5: "V"%SP( 3Q;H[C(=C5X>^Y-^P";'.%1NPV6=4/'DWK)P07G." M](NA#5N8)<2W,>U JE0[\%?3=8.^>!-;BN?P.9M=L&D[4DC*^BV M-?K U:C/2,-M7B\D2L]$V^= FMHRWPM* 7(!CUF J8^,Y.2FK=C$R\%XG#,: MNL[8FI <$''/4R-!48)/TV6"Y9QJ9^YV:'9C B1$T/;X/4VUJX]UF72E5F*/ M!6&!2B> ZUV959ADE)R >8SY'W H?5XEF;%XK7?*;B O6 F>(=%%G#".@RON M5&#Q1CYFI-+9,LM7G',"Y\YQ,T:A% .>;4T3YO)!36$N\KO?Z7PV]^[2N/LL MZ--D),@X,-QW%08]@F[TB7 -"'O9UEMY&WFELW9[I^*O)\MQ1QB6HJ-UQ,A-EB]KQP/PF/(0%B.#G3'YOU0E M.-@H<:HP>]W@]&4L"MG\&(3*&P-,+(9:=NE#.(:Y22D
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end XML 35 R24.htm IDEA: XBRL DOCUMENT v3.20.1

SHAREHOLDER'S EQUITY - Warrants (Details)
3 Months Ended

Mar. 31, 2020

$ / shares

shares

Class of Warrant or Right [Line Items]

Warrants exercisable term from the closing of the public offering 12 months

Warrants expiration term 5 years

Warrants exercisable for cash | shares 0

Threshold period for filing registration statement after business combination 15 days

Threshold period for filing registration statement within number of days of business combination 60 days

Closing price of share for threshold consecutive trading days 30 days

Stock price trigger for redemption of public warrants $ 18.00

Share Price $ 9.20

Percentage of gross proceeds on total equity proceeds 60.00%

Adjustment of exercise price of warrants based on market value (as a percent) 115.00%

Percentage of adjustment of redemption price of stock based on market value 180.00%

Redemption Of Warrant Price Per Share Equals Or Exceeds 18.00 [Member]

Class of Warrant or Right [Line Items]

Closing price of share for threshold consecutive trading days 20 days

Share Price $ 18.00

Redemption price per warrant $ 0.01

Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants 30 days

Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days 20 days

Redemption Of Warrant Price Per Share Equals Or Exceeds 10.00 [Member]

Class of Warrant or Right [Line Items]

Stock price trigger for redemption of public warrants $ 10.00

Share Price 18.00

Redemption price per warrant $ 0.10

Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants 30 days

X

- Definition
Class of Warrant or Right, Adjustment of Exercise Price of Warrants or Rights, Percent, Based On Market Value.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightAdjustmentOfExercisePriceOfWarrantsOrRightsPercentBasedOnMarketValue

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Percentage of adjustment of redemption price of stock based on market value.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightAdjustmentOfRedemptionPriceOfWarrantsOrRightsPercentBasedOnMarketValue

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Represents the warrants exercisable for cash.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightExercisableForCash

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Represents the threshold period for written notice of redemption.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightMinimumThresholdWrittenNoticePeriodForRedemptionOfWarrants

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Price of the entity's common stock which would be required to be attained to trigger the redemption of warrants.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsReferencePrice

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Threshold number of specified consecutive trading days for stock price trigger considered for redemption of warrants.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdConsecutiveTradingDays

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Threshold number of specified trading days for stock price trigger considered for redemption of warrants.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightRedemptionOfWarrantsOrRightsThresholdTradingDays

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
The price at which each warrant can be redeemed.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightRedemptionPriceOfWarrantsOrRights

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Represents the percentage of gross proceeds on total equity proceeds.
+ References
No definition available.
+ Details

Name: ipoc_PercentageOfGrossProceedsOnTotalEquityProceeds

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Represents the threshold period for filing registration statement within number of days of business combination.
+ References
No definition available.
+ Details

Name: ipoc_ThresholdPeriodForFilingRegistrationStatementWithinNumberOfDaysOfBusinessCombination

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Represents the threshold period for filling registration statement after business combination.
+ References
No definition available.
+ Details

Name: ipoc_ThresholdPeriodForFillingRegistrationStatementAfterBusinessCombination

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Represents the warrants exercisable term from the closing of the public offering.
+ References
No definition available.
+ Details

Name: ipoc_WarrantsAndRightsOutstandingExercisableTermFromClosingOfPublicOffering

Namespace Prefix: ipoc_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ClassOfWarrantOrRightLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Price of a single share of a number of saleable stocks of a company.
+ References
No definition available.
+ Details

Name: us-gaap_SharePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Period between issuance and expiration of outstanding warrant and right embodying unconditional obligation requiring redemption by transferring asset at specified or determinable date or upon event certain to occur, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)(2)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258
+ Details

Name: us-gaap_WarrantsAndRightsOutstandingTerm

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_ClassOfWarrantOrRightAxis=ipoc_RedemptionOfWarrantPricePerShareEqualsOrExceeds18.00Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ClassOfWarrantOrRightAxis=ipoc_RedemptionOfWarrantPricePerShareEqualsOrExceeds10.00Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 36 R20.htm IDEA: XBRL DOCUMENT v3.20.1

PRIVATE PLACEMENT (Details) - USD ($)
3 Months Ended

Mar. 31, 2020

Apr. 24, 2020

Proceeds from Issuance of Warrants $ 16,400,000

Class of Warrant or Right, Exercise Price of Warrants or Rights $ 11.50 $ 11.50

Private placement warrant

Class of Warrant or Right, Numbers Issued 10,933,333

Class of Warrant or Right, Per Warrant $ 1.50

X

- Definition
The number of class of warrant or right issued during the period under Private Placement.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightNumbersIssued

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The price of per class of warrant or right.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightPerWarrant

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Exercise price per share or per unit of warrants or rights outstanding.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(i)(4))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690
+ Details

Name: us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceOfWarrants

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_ClassOfWarrantOrRightAxis=ipoc_PrivatePlacementWarrantsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 37 R21.htm IDEA: XBRL DOCUMENT v3.20.1

RELATED PARTY TRANSACTIONS (Details) - USD ($)
1 Months Ended 3 Months Ended

Apr. 21, 2020

Feb. 29, 2020

Oct. 31, 2019

Mar. 31, 2020

Apr. 24, 2020

Jan. 31, 2020

Sponsor Monthly Fee Payable $ 10,000

Sale of Stock, Price Per Share $ 10.00

Related Party Loans

Warrants Price Per Unit $ 1.50

Over-Allotment option

Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor 0

Maximum | Related Party Loans

Loans Convertible Into Warrants $ 1,500,000

Private placement warrant

Class of Warrant or Right, Per Warrant $ 1.50

Sponsor

Debt Instrument, Face Amount $ 25,000

Related Party Transaction Number Of Shares Held 17,250,000

Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor 20,700,000 1

Sponsor | Common Class A

Sale of Stock, Price Per Share $ 12.00

Sponsor | Over-Allotment option

Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor 2,700,000

Related Party Transaction Percentage Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor 20.00%

Sponsor | Initial public offering

Services Fee $ 17,631

Service Fee Paid $ 17,631

Notes Payable, Other Payables [Member] | Sponsor

Debt Instrument, Face Amount $ 300,000

Due to Related Parties, Current $ 300,000

X

- Definition
The price of per class of warrant or right.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightPerWarrant

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of Loans that may be convertible into warrants of the post-Business Combination entity.
+ References
No definition available.
+ Details

Name: ipoc_LoansConvertibleIntoWarrants

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Represents the number of shares held by sponsor.
+ References
No definition available.
+ Details

Name: ipoc_RelatedPartyTransactionNumberOfSharesHeld

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Represents the percentage of issued and outstanding shares after the Initial Public Offering held by the sponsor.
+ References
No definition available.
+ Details

Name: ipoc_RelatedPartyTransactionPercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingHeldBySponsor

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of shares issued and outstanding shares after the Initial Public Offering held by the sponsor.
+ References
No definition available.
+ Details

Name: ipoc_RelatedPartyTransactionSharesOfIssuedAndOutstandingSharesAfterInitialPublicOfferingHeldBySponsor

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of service fee paid.
+ References
No definition available.
+ Details

Name: ipoc_ServiceFeePaid

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount incurred for services fee.
+ References
No definition available.
+ Details

Name: ipoc_ServicesFee

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount payable to affiliate sponsor for monthly fee.
+ References
No definition available.
+ Details

Name: ipoc_SponsorMonthlyFeePayable

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Per unit price of warrants issued by the company.
+ References
No definition available.
+ Details

Name: ipoc_WarrantsPricePerUnit

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Face (par) amount of debt instrument at time of issuance.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400
+ Details

Name: us-gaap_DebtInstrumentFaceAmount

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount as of the balance sheet date of obligations due all related parties. For classified balance sheets, represents the current portion of such liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k)(1))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(a))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_DueToRelatedPartiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockPricePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_RelatedPartyTransactionAxis=ipoc_RelatedPartyLoansMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=us-gaap_OverAllotmentOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: srt_RangeAxis=srt_MaximumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ClassOfWarrantOrRightAxis=ipoc_PrivatePlacementWarrantsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=ipoc_SponsorMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=us-gaap_IPOMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ShortTermDebtTypeAxis=us-gaap_NotesPayableOtherPayablesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 38 FilingSummary.xml IDEA: XBRL DOCUMENT 3.20.1 html 41 207 1 true 14 0 false 5 false false R1.htm 00090 - Document - Document and Entity Information Sheet http://www.socialcapital.com/role/DocumentDocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00100 - Statement - CONDENSED BALANCE SHEETS Sheet http://www.socialcapital.com/role/StatementCondensedBalanceSheets CONDENSED BALANCE SHEETS Statements 2 false false R3.htm 00105 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Sheet http://www.socialcapital.com/role/StatementCondensedBalanceSheetsParenthetical CONDENSED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - CONDENSED STATEMENT OF OPERATIONS Sheet http://www.socialcapital.com/role/StatementCondensedStatementOfOperations CONDENSED STATEMENT OF OPERATIONS Statements 4 false false R5.htm 00300 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) Sheet http://www.socialcapital.com/role/StatementCondensedStatementOfChangesInShareholderSEquityDeficit CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) Statements 5 false false R6.htm 00305 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) (Parenthetical) Sheet http://www.socialcapital.com/role/StatementCondensedStatementOfChangesInShareholderSEquityDeficitParenthetical CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) (Parenthetical) Statements 6 false false R7.htm 00400 - Statement - CONDENSED STATEMENT OF CASH FLOWS Sheet http://www.socialcapital.com/role/StatementCondensedStatementOfCashFlows CONDENSED STATEMENT OF CASH FLOWS Statements 7 false false R8.htm 10101 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Sheet http://www.socialcapital.com/role/DisclosureDescriptionOfOrganizationAndBusinessOperations DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Notes 8 false false R9.htm 10201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://www.socialcapital.com/role/DisclosureSummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 9 false false R10.htm 10301 - Disclosure - INITIAL PUBLIC OFFERING Sheet http://www.socialcapital.com/role/DisclosureInitialPublicOffering INITIAL PUBLIC OFFERING Notes 10 false false R11.htm 10401 - Disclosure - PRIVATE PLACEMENT Sheet http://www.socialcapital.com/role/DisclosurePrivatePlacement PRIVATE PLACEMENT Notes 11 false false R12.htm 10501 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://www.socialcapital.com/role/DisclosureRelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 12 false false R13.htm 10601 - Disclosure - COMMITMENTS Sheet http://www.socialcapital.com/role/DisclosureCommitments COMMITMENTS Notes 13 false false R14.htm 10701 - Disclosure - SHAREHOLDER'S EQUITY Sheet http://www.socialcapital.com/role/DisclosureShareholderSEquity SHAREHOLDER'S EQUITY Notes 14 false false R15.htm 10801 - Disclosure - SUBSEQUENT EVENTS Sheet http://www.socialcapital.com/role/DisclosureSubsequentEvents SUBSEQUENT EVENTS Notes 15 false false R16.htm 20202 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://www.socialcapital.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 16 false false R17.htm 40101 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details) Sheet http://www.socialcapital.com/role/DisclosureDescriptionOfOrganizationAndBusinessOperationsDetails DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details) Details http://www.socialcapital.com/role/DisclosureDescriptionOfOrganizationAndBusinessOperations 17 false false R18.htm 40201 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://www.socialcapital.com/role/DisclosureSummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://www.socialcapital.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicies 18 false false R19.htm 40301 - Disclosure - INITIAL PUBLIC OFFERING (Details) Sheet http://www.socialcapital.com/role/DisclosureInitialPublicOfferingDetails INITIAL PUBLIC OFFERING (Details) Details http://www.socialcapital.com/role/DisclosureInitialPublicOffering 19 false false R20.htm 40401 - Disclosure - PRIVATE PLACEMENT (Details) Sheet http://www.socialcapital.com/role/DisclosurePrivatePlacementDetails PRIVATE PLACEMENT (Details) Details http://www.socialcapital.com/role/DisclosurePrivatePlacement 20 false false R21.htm 40501 - Disclosure - RELATED PARTY TRANSACTIONS (Details) Sheet http://www.socialcapital.com/role/DisclosureRelatedPartyTransactionsDetails RELATED PARTY TRANSACTIONS (Details) Details http://www.socialcapital.com/role/DisclosureRelatedPartyTransactions 21 false false R22.htm 40601 - Disclosure - COMMITMENTS (Details) Sheet http://www.socialcapital.com/role/DisclosureCommitmentsDetails COMMITMENTS (Details) Details http://www.socialcapital.com/role/DisclosureCommitments 22 false false R23.htm 40701 - Disclosure - SHAREHOLDER'S EQUITY (Details) Sheet http://www.socialcapital.com/role/DisclosureShareholderSEquityDetails SHAREHOLDER'S EQUITY (Details) Details http://www.socialcapital.com/role/DisclosureShareholderSEquity 23 false false R24.htm 40702 - Disclosure - SHAREHOLDER'S EQUITY - Warrants (Details) Sheet http://www.socialcapital.com/role/DisclosureShareholderSEquityWarrantsDetails SHAREHOLDER'S EQUITY - Warrants (Details) Details 24 false false All Reports Book All Reports ipoc-20200331.xml ipoc-20200331.xsd ipoc-20200331_cal.xml ipoc-20200331_def.xml ipoc-20200331_lab.xml ipoc-20200331_pre.xml http://xbrl.sec.gov/dei/2019-01-31 http://fasb.org/us-gaap/2019-01-31 http://fasb.org/srt/2019-01-31 true true XML 39 R3.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
3 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Preferred Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001

Preferred Stock, Shares Authorized 5,000,000 5,000,000

Preferred Stock, Shares Issued 0 0

Preferred Stock, Shares Outstanding 0 0

Common Class A

Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001

Common Stock, Shares Authorized 500,000,000 500,000,000

Common Stock, Shares, Issued 0 0

Common Stock, Shares, Outstanding 0 0

Common Class B

Common Stock, Par or Stated Value Per Share $ 0.0001 $ 0.0001

Common Stock, Shares Authorized 50,000,000 50,000,000

Common Stock, Shares, Issued 20,700,000 20,700,000

Common Stock, Shares, Outstanding 20,700,000 20,700,000

Number of shares subject to forfeiture if the over allotment option not exercised by underwriters 2,700,000

X

- Definition
n/a
+ References
No definition available.
+ Details

Name: ipoc_NumberOfSharesSubjectToForfeitureIfOverAllotmentOptionIsNotFullyExercisedByUnderwriters

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 40 R7.htm IDEA: XBRL DOCUMENT v3.20.1

CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended

Mar. 31, 2020

USD ($)

Cash flows from financing activities:

Proceeds from issuance of Class B ordinary shares to Sponsor $ 25,000

Repayment of advances from related parties (17,631)

Proceeds from promissory note - related party 300,000

Payment of offering costs (243,999)

Net cash provided by financing activities 63,370

Net Change in Cash 63,370

Cash - Beginning 0

Cash - Ending 63,370

Non-cash investing and financing activities:

Deferred offering costs included in accrued offering costs $ 248,170

X

- Definition
Represents the information pertaining to deferred offering costs included in accrued offering costs.
+ References
No definition available.
+ Details

Name: ipoc_DeferredOfferingCostsIncludedInAccruedOfferingCosts

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3044-108585

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118951113&loc=d3e6676-107765

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.1)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; excluding effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 230
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=98513438&loc=d3e33268-110906

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CashFlowNoncashInvestingAndFinancingActivitiesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 24
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3521-108585
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The total of the cash outflow during the period which has been paid to third parties in connection with debt origination, which will be amortized over the remaining maturity period of the associated long-term debt and the cost incurred directly for the issuance of equity securities.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_PaymentOfFinancingAndStockIssuanceCosts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow from the additional capital contribution to the entity.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceOfCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromNotesPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 15
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3291-108585
+ Details

Name: us-gaap_RepaymentsOfRelatedPartyDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 41 R17.htm IDEA: XBRL DOCUMENT v3.20.1

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details) - USD ($)
3 Months Ended

Apr. 24, 2020

Mar. 31, 2020

Dec. 31, 2019

Sale of Stock, Number of Shares Issued in Transaction 82,800,000

Proceeds from Issuance Initial Public Offering $ 828,000,000

Sale of Stock, Price Per Share $ 10.00

Cash withdrawn from Trust Account in connection with redemptions $ 1,663,066

Aggregate merger consideration 2,898,000

Deferred Underwriting Fee Payable $ 28,980,000

Share Price $ 9.20

Percentage of Stock Sold in Initial Public Offering 100.00%

Initial Public Offering Costs $ 44,156,346

Net Tangible Assets To Be Maintained to Proceed Business Combination 5,000,001

Cost of Trust Assets Sold to Pay Expenses 100,000

Underwriting Fees 14,400,000

Other Deferred Costs, Net $ 776,346

Sponsor

Share Price $ 10.00

Private placement warrant

Class of Warrant or Right, Numbers Issued 10,933,333

Class of Warrant or Right, Per Warrant $ 1.50

Proceeds from Issuance of Private Placement $ 16,400,000

Over-Allotment option

Sale of Stock, Number of Shares Issued in Transaction 10,800,000

Common Class A

Ordinary share, par value $ 0.0001 $ 0.0001

Common Stock, Shares, Issued 0 0

Common Stock, Shares, Outstanding 0 0

Common Class A | Sponsor

Sale of Stock, Price Per Share $ 12.00

Common Class B

Ordinary share, par value $ 0.0001 $ 0.0001

Common Stock, Shares, Issued 20,700,000 20,700,000

Common Stock, Shares, Outstanding 20,700,000 20,700,000

X

- Definition
Represents the amount of cash withdrawn from Trust Account in connection with redemptions.
+ References
No definition available.
+ Details

Name: ipoc_CashWithdrawnFromTrustAccount

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of class of warrant or right issued during the period under Private Placement.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightNumbersIssued

Namespace Prefix: ipoc_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The price of per class of warrant or right.
+ References
No definition available.
+ Details

Name: ipoc_ClassOfWarrantOrRightPerWarrant

Namespace Prefix: ipoc_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of cost incurred relating to the deferred underwriting during the period.
+ References
No definition available.
+ Details

Name: ipoc_DeferredUnderwritingFeePayable

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of initial public offering issued costs.
+ References
No definition available.
+ Details

Name: ipoc_InitialPublicOfferingCosts

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of net tangible assets which will be maintained by the entity to proceed a business combination.
+ References
No definition available.
+ Details

Name: ipoc_NetTangibleAssetsToBeMaintainedToProccedBusinessCombination

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The sale of stock under initial public offering at certain rate.
+ References
No definition available.
+ Details

Name: ipoc_PercentageOfStockSoldInInitialPublicOffering

Namespace Prefix: ipoc_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
The amount of underwriting fees made during the period.
+ References
No definition available.
+ Details

Name: ipoc_UnderwritingFees

Namespace Prefix: ipoc_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6613-128477

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=35744584&loc=d3e6927-128479

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 30
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=116859721&loc=d3e6578-128477
+ Details

Name: us-gaap_BusinessCombinationConsiderationTransferred1

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_CommonStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Cost of trust assets sold to pay trust expenses (includes commodities, but is not limited to, gold and silver).
+ References
No definition available.
+ Details

Name: us-gaap_CostOfTrustAssetsSoldToPayExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Net amount of other deferred costs capitalized at the end of the reporting period. Does not include deferred finance costs or deferred acquisition costs of insurance companies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.17)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682
+ Details

Name: us-gaap_OtherDeferredCostsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cash inflow associated with the amount received from entity's first offering of stock to the public.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceInitialPublicOffering

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 14
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3255-108585
+ Details

Name: us-gaap_ProceedsFromIssuanceOfPrivatePlacement

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of shares issued or sold by the subsidiary or equity method investee per stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction.
+ References
No definition available.
+ Details

Name: us-gaap_SaleOfStockPricePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Price of a single share of a number of saleable stocks of a company.
+ References
No definition available.
+ Details

Name: us-gaap_SharePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_StatementEquityComponentsAxis=ipoc_SponsorMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ClassOfWarrantOrRightAxis=ipoc_PrivatePlacementWarrantsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_SubsidiarySaleOfStockAxis=us-gaap_OverAllotmentOptionMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 42 R13.htm IDEA: XBRL DOCUMENT v3.20.1

COMMITMENTS
3 Months Ended

Mar. 31, 2020

COMMITMENTS

COMMITMENTS

NOTE 6. COMMITMENTS

Registration Rights

Pursuant to a registration rights agreement entered into on April 21, 2020, the holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants or warrants issued upon conversion of the Working Capital Loans and upon conversion of the Founder Shares) will be entitled to registration rights requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Company’s Class A ordinary shares). The holders of these securities will be entitled to make up to three demands, excluding short form registration demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not be required to effect or permit any registration or cause any registration statement to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The underwriters are entitled to a deferred fee of $0.35 per Unit, or $28,980,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

Financial Advisory Fee

The underwriters agreed to reimburse the Company for an amount equal to 10% of the discount paid to the underwriters for financial advisory services provided by Connaught (UK) Limited in connection with the Initial Public Offering, of which $1,440,000 was paid at the closing of the Initial Public Offering and up to $2,898,000 will be payable at the time of the closing of a Business Combination.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-URI http://asc.fasb.org/topic&trid=2127136

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-URI http://asc.fasb.org/topic&trid=2144648
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

SHAREHOLDER'S EQUITY (Details)	3 Months Ended	12 Months Ended
SHAREHOLDER'S EQUITY (Details)	Mar. 31, 2020 Vote $ / shares shares	Dec. 31, 2019 Vote $ / shares shares
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share \| $ / shares	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock B, Conversion Ratio	20	20
Common Shares Outstanding Percentage	20.00%
Common Class A
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share \| $ / shares	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	0	0
Common Stock, Shares, Outstanding	0	0
Voting rights of common stock per share \| Vote	0	0
Common Class B
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share \| $ / shares	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	20,700,000	20,700,000
Common Stock, Shares, Outstanding	20,700,000	20,700,000
Voting rights of common stock per share \| Vote	1	1

INITIAL PUBLIC OFFERING (Details) - $ / shares	Apr. 24, 2020	Mar. 31, 2020
INITIAL PUBLIC OFFERING
Sale of Stock, Number of Shares Issued in Transaction	82,800,000
Shares Issued, Price Per Share	$ 10.00
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50	$ 11.50
Additional Purchase of Underwriting Shares	10,800,000

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2020
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	NOTE 8. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Other than as described in these financial statements, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

PRIVATE PLACEMENT	3 Months Ended
PRIVATE PLACEMENT	Mar. 31, 2020
PRIVATE PLACEMENT
PRIVATE PLACEMENT	NOTE 4. PRIVATE PLACEMENT Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 10,933,333 Private Placement Warrants at a price of $1.50 per Private Placement Warrant, for an aggregate purchase price of $16,400,000. Each Private Placement Warrant is exercisable for one Class A Share at a price of $11.50 per share, subject to adjustment (see Note 7). The proceeds from the sale of the Private Placement Warrants were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the proceeds from the sale of the Private Placement Warrants held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Private Placement Warrants will expire worthless.

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X of the Securities and Exchange Commission (the “SEC”). Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus for its Initial Public Offering as filed with the SEC on April 23, 2020, as well as the Company’s Current Reports on Form 8-K, as filed with the SEC on April 24, 2020 and April 30, 2020. The interim results for the three months ended March 31, 2020 are not necessarily indicative of the results to be expected for the year ending December 31, 2020 or for any future periods. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of March 31, 2020 and December 31, 2019. Deferred Offering Costs Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $44,156,346 were charged to shareholders’ equity upon the completion of the Initial Public Offering. Income Taxes The Company accounts for income taxes under ASC 740, “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized. ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2020 and December 31, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company is considered an exempted Cayman Islands Company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the period presented. On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security “CARES” Act into law. The CARES Act includes several significant business tax provisions that, among other things, would eliminate the taxable income limit for certain net operating losses (“NOL) and allow businesses to carry back NOLs arising in 2018, 2019 and 2020 to the five prior years, suspend the excess business loss rules, accelerate refunds of previously generated corporate alternative minimum tax credits, generally loosen the business interest limitation under IRC section 163(j) from 30 percent to 50 percent among other technical corrections included in the Tax Cuts and Jobs Act tax provisions. The Company does not believe that the CARES Act will have a significant impact on Company's financial position or statement of operations. Net Loss per Ordinary Share Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. Weighted average shares were reduced for the effect of an aggregate of 2,700,000 ordinary shares, that were subject to forfeiture if the over-allotment option was not exercised by the underwriters (see Note 7). At March 31, 2020 and December 31, 2019, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into ordinary shares and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per share for the period presented. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal Depository Insurance Coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. Fair Value of Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying amounts represented in the accompanying condensed balance sheets, primarily due to their short-term nature. Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying condensed financial statements.

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	Jun. 04, 2020
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Registrant Name	Social Capital Hedosophia Holdings Corp. III
Entity Central Index Key	0001801170
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	IPOC
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Ex Transition Period	false
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Shell Company	true
Common Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		82,800,000
Common Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		20,700,000

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	Mar. 31, 2020 USD ($) shares
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Initial Public Offering Costs	$ 44,156,346
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right \| shares	2,700,000
Cash, FDIC Insured Amount	$ 250,000

CONDENSED STATEMENT OF OPERATIONS	3 Months Ended
CONDENSED STATEMENT OF OPERATIONS	Mar. 31, 2020 USD ($) $ / shares shares
CONDENSED STATEMENT OF OPERATIONS
Formation and operating costs	$ 0
Net Loss	$ 0
Weighted average shares outstanding, basic and diluted \| shares	14,043,956
Basic and diluted loss per ordinary share \| $ / shares	$ 0.00

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	3 Months Ended
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	Mar. 31, 2020
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS	NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Social Capital Hedosophia Holdings Corp. III (the “Company”) is a blank check company incorporated as a Cayman Islands exempted company on October 18, 2019. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “Business Combination”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus on businesses in the technology industries primarily located in the United States. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of March 31, 2020, the Company had not commenced any operations. All activity for the period from October 18, 2019 (inception) through March 31, 2020 relates to the Company’s formation and the initial public offering (“Initial Public Offering”), which is described below. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The registration statements for the Company’s Initial Public Offering became effective on April 21, 2020. On April 24, 2020, the Company consummated the Initial Public Offering of 82,800,000 units (the “Units” and, with respect to the shares of Class A ordinary shares included in the Units sold, the “Public Shares”), which includes the full exercise by the underwriters of the over-allotment option to purchase an additional 10,800,000 Units, at $10.00 per Unit, generating gross proceeds of $828,000,000 which is described in Note 3. Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 10,933,333 warrants (the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant in a private placement to SCH Sponsor III LLC (the “Sponsor”), generating gross proceeds of $16,400,000, which is described in Note 4. Transaction costs amounted to $44,156,346 consisting of $14,400,000 of underwriting fees, $28,980,000 of deferred underwriting fees and $776,346 of other offering costs. In addition, $1,663,066 of cash was held outside of the Trust Account, as defined below, and is available for working capital purposes. Following the closing of the Initial Public Offering on April 24, 2020, an amount of $828,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Private Placement Warrants was placed in a trust account (the “Trust Account”) located in the United States and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 185 days or less, or in any open-ended investment company that holds itself out as a money market fund meeting the conditions of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the completion of a Business Combination and (ii) the distribution of the funds in the Trust Account to the Company’s shareholders, as described below. The Company will provide the holders of the public shares (the “Public Shareholders”) with the opportunity to redeem all or a portion of their public shares upon the completion of the Business Combination, either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their shares for a pro rata portion of the amount held in the Trust Account, calculated as of two business days prior to the completion of a Business Combination, including any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations. The per-share amount to be distributed to the Public Shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). There will be no redemption rights upon the completion of a Business Combination with respect to the Company’s warrants. The Company will proceed with a Business Combination only if the Company has net tangible assets, after payment of the deferred underwriting commission, of at least $5,000,001 upon such completion of a Business Combination and, if the Company seeks shareholder approval, it receives an ordinary resolution under Cayman Islands law approving a Business Combination, which requires the affirmative vote of a majority of the shareholders who attend and vote and a general meeting of the Company. If a shareholder vote is not required and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a Business Combination. If the Company seeks shareholder approval in connection with a Business Combination, the Company’s Sponsor has agreed to vote its Founder Shares (as defined in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of approving a Business Combination and to waive its redemption rights with respect to any such shares in connection with a shareholder vote to approve a Business Combination or seek to sell any shares to the Company in a tender offer in connection with a Business Combination. Additionally, subject to the immediately succeeding paragraph, each public shareholder may elect to redeem their Public Shares, without voting, and if they do vote, irrespective of whether they vote for or against a proposed Business Combination. Notwithstanding the foregoing, if the Company seeks shareholder approval of the Business Combination and the Company does not conduct redemptions pursuant to the tender offer rules, a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than 15% of the Public Shares without the Company’s prior written consent. The Sponsor has agreed (a) to waive its redemption rights with respect to any Founder Shares and Public Shares held by it in connection with the completion of a Business Combination (and not seek to sell its shares to the Company in any tender offer the Company undertakes in connection with its initial Business Combination) and (b) not to propose an amendment to the Amended and Restated Memorandum of Articles of Association (i) to modify the substance or timing of the Company’s obligation to redeem 100% of the Public Shares if the Company does not complete a Business Combination within Combination Period (as defined below) or (ii) with respect to any other provision relating to shareholders’ rights or pre-initial business combination activity, unless the Company provides the public shareholders with the opportunity to redeem their Public Shares in conjunction with any such amendment. The Company will have until April 24, 2022 (the “Combination Period”) to consummate a Business Combination. However, if the Company has not completed a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of taxes payable, and less up to $100,000 of interest to pay dissolution expenses) divided by the number of then outstanding public shares, which redemption will completely extinguish the rights of the Public Shareholders as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining Public Shareholders and its Board of Directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. In the event of a liquidation, the Public Shareholders will be entitled to receive a full pro rata interest in the Trust Account ($10.00 per share, plus any pro rata interest earned on the Trust Fund not previously released to the Company and less up to $100,000 of interest to pay dissolution expenses). There will be no redemption rights or liquidating distributions with respect to the Founder Shares or the Private Placement Warrants, which will expire worthless if the Company fails to complete a Business Combination within the Combination Period. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a third party (other than the Company’s independent auditors) for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account to below (1) $10.00 per Public Share or (2) such lesser amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account due to reductions in the value of trust assets, in each case net of the interest which may be withdrawn to pay taxes, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (other than the Company’s independent auditors), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

COMMITMENTS (Details)	3 Months Ended
COMMITMENTS (Details)	Mar. 31, 2020 USD ($)
COMMITMENTS
Deferred Underwriting Fees	$ 0.35
Underwriting Discount, Percentage	10.00%
Refunds From Underwriting Discount	$ 1,440,000
Proceeds from Refund of Underwriting Discount	28,980,000
Aggregate merger consideration	$ 2,898,000

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDER'S EQUITY (DEFICIT) (Parenthetical)	3 Months Ended
	Mar. 31, 2020 shares
Common Class B
Number Of Shares Subject To Forfeiture If Over Allotment Option Is Not Fully Exercised by Underwriters	2,700,000

RELATED PARTY TRANSACTIONS	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2020
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	NOTE 5. RELATED PARTY TRANSACTIONS Founder Shares In October 2019, the Company issued one ordinary share to the Sponsor for no consideration. On January 21, 2020, the Company cancelled the one share issued in October 2019 and the Sponsor purchased 17,250,000 Founder Shares for an aggregate purchase price of $25,000. On April 21, 2020, the Company effected a share capitalization, resulting in 20,700,000 Founder Shares issued and outstanding as of such date. All share and per-share amounts have been retroactively restated to reflect the share capitalization. The Founder Shares will automatically convert into Class A ordinary shares on the first business day following the completion of a Business Combination, or earlier at the option of the holder, on a one-for-one basis, subject to certain adjustments, as described in Note 7. The Founder Shares included an aggregate of up to 2,700,000 shares subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the number of Founder Shares would collectively represent 20% of the Company’s issued and outstanding shares upon the completion of the Initial Public Offering. As a result of the underwriters’ election to fully exercise their over-allotment option, no Founder Shares are subject to forfeiture. The Sponsor has agreed, subject to limited exceptions, not to transfer, assign or sell any of its Class B ordinary shares or Class A ordinary shares received upon conversion thereof (together, “Founder Shares”) until the earlier of: (A) one year after the completion of a Business Combination and (B) subsequent to a Business Combination, (x) if the last reported sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share dividends, rights issuances, subdivisions, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after a Business Combination, or (y) the date on which the Company completes a liquidation, merger, amalgamation, share exchange, reorganization or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property. Advances – Related Party The Sponsor advanced the Company an aggregate of $17,631 to cover expenses related to the Initial Public Offering. The advances were non-interest bearing and due on demand. Advances in the aggregate amount of $17,631 were repaid in February 2020. Promissory Note — Related Party On January 21, 2020, the Company issued an unsecured promissory note to the Sponsor, pursuant to which the Company borrowed an aggregate principal amount of $300,000, which amount was outstanding as of March 31, 2020. The note was non-interest bearing and payable on the earlier of (i) June 30, 2020 and (ii) the completion of the Initial Public Offering. The borrowings outstanding under the note in the amount of $300,000 were repaid upon the consummation of the Initial Public Offering on April 24, 2020. Administrative Support Agreement The Company entered into an agreement whereby, commencing on April 21, 2020, the Company will pay an affiliate of the Sponsor up to $10,000 per month for office space, administrative and support services. Upon completion of a Business Combination or its liquidation, the Company will cease paying these monthly fees. Related Party Loans In order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes may be repaid upon completion of a Business Combination, without interest, or, at the lender’s discretion, up to $1,500,000 of notes may be converted upon completion of a Business Combination into warrants at a price of $1.50 per warrant. Such warrants would be identical to the Private Placement Warrants. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans.

SHAREHOLDER'S EQUITY - Warrants (Details)	3 Months Ended
SHAREHOLDER'S EQUITY - Warrants (Details)	Mar. 31, 2020 $ / shares shares
Class of Warrant or Right [Line Items]
Warrants exercisable term from the closing of the public offering	12 months
Warrants expiration term	5 years
Warrants exercisable for cash \| shares	0
Threshold period for filing registration statement after business combination	15 days
Threshold period for filing registration statement within number of days of business combination	60 days
Closing price of share for threshold consecutive trading days	30 days
Stock price trigger for redemption of public warrants	$ 18.00
Share Price	$ 9.20
Percentage of gross proceeds on total equity proceeds	60.00%
Adjustment of exercise price of warrants based on market value (as a percent)	115.00%
Percentage of adjustment of redemption price of stock based on market value	180.00%
Redemption Of Warrant Price Per Share Equals Or Exceeds 18.00 [Member]
Class of Warrant or Right [Line Items]
Closing price of share for threshold consecutive trading days	20 days
Share Price	$ 18.00
Redemption price per warrant	$ 0.01
Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants	30 days
Class Of Warrant Or Right Redemption Of Warrants Or Rights Threshold Trading Days	20 days
Redemption Of Warrant Price Per Share Equals Or Exceeds 10.00 [Member]
Class of Warrant or Right [Line Items]
Stock price trigger for redemption of public warrants	$ 10.00
Share Price	18.00
Redemption price per warrant	$ 0.10
Class Of Warrant Or Right Minimum Threshold Written Notice Period For Redemption Of Warrants	30 days

PRIVATE PLACEMENT (Details) - USD ($)	3 Months Ended
PRIVATE PLACEMENT (Details) - USD ($)	Mar. 31, 2020	Apr. 24, 2020
Proceeds from Issuance of Warrants	$ 16,400,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50	$ 11.50
Private placement warrant
Class of Warrant or Right, Numbers Issued	10,933,333
Class of Warrant or Right, Per Warrant	$ 1.50

RELATED PARTY TRANSACTIONS (Details) - USD ($)		1 Months Ended		3 Months Ended
RELATED PARTY TRANSACTIONS (Details) - USD ($)	Apr. 21, 2020	Feb. 29, 2020	Oct. 31, 2019	Mar. 31, 2020	Apr. 24, 2020	Jan. 31, 2020
Sponsor Monthly Fee Payable	$ 10,000
Sale of Stock, Price Per Share					$ 10.00
Related Party Loans
Warrants Price Per Unit				$ 1.50
Over-Allotment option
Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor				0
Maximum \| Related Party Loans
Loans Convertible Into Warrants				$ 1,500,000
Private placement warrant
Class of Warrant or Right, Per Warrant				$ 1.50
Sponsor
Debt Instrument, Face Amount			$ 25,000
Related Party Transaction Number Of Shares Held			17,250,000
Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor	20,700,000		1
Sponsor \| Common Class A
Sale of Stock, Price Per Share				$ 12.00
Sponsor \| Over-Allotment option
Related Party Transaction Shares Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor				2,700,000
Related Party Transaction Percentage Of Issued And Outstanding Shares After Initial Public Offering Held By Sponsor				20.00%
Sponsor \| Initial public offering
Services Fee		$ 17,631
Service Fee Paid		$ 17,631
Notes Payable, Other Payables [Member] \| Sponsor
Debt Instrument, Face Amount						$ 300,000
Due to Related Parties, Current					$ 300,000

CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	3 Months Ended
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Class A
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	0	0
Common Stock, Shares, Outstanding	0	0
Common Class B
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	20,700,000	20,700,000
Common Stock, Shares, Outstanding	20,700,000	20,700,000
Number of shares subject to forfeiture if the over allotment option not exercised by underwriters	2,700,000

CONDENSED STATEMENT OF CASH FLOWS	3 Months Ended
CONDENSED STATEMENT OF CASH FLOWS	Mar. 31, 2020 USD ($)
Cash flows from financing activities:
Proceeds from issuance of Class B ordinary shares to Sponsor	$ 25,000
Repayment of advances from related parties	(17,631)
Proceeds from promissory note - related party	300,000
Payment of offering costs	(243,999)
Net cash provided by financing activities	63,370
Net Change in Cash	63,370
Cash - Beginning	0
Cash - Ending	63,370
Non-cash investing and financing activities:
Deferred offering costs included in accrued offering costs	$ 248,170