Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 60,978 $ 138,533
Prepaid income taxes 190,722 242,620
Prepaid expenses 145,667 190,917
Total Current Assets 397,367 572,070
Security deposit 23,800 23,800
Marketable securities held in Trust Account 305,382,095 304,528,924
Total Assets 305,803,262 305,124,794
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities - Accounts payable and accrued expenses 287,653 303,190
Convertible promissory note - related party 670,176
Deferred tax liability 35,655
Deferred underwriting fee payable 10,505,250 10,505,250
Total Liabilities 11,463,079 10,844,095
Commitments and Contingencies (Note 6)
Common stock subject to possible redemption, 28,423,164 and 28,504,462 shares at redemption value as of June 30, 2020 and December 31, 2019, respectively 289,340,182 289,280,690
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
Additional paid in capital 2,254,268 2,313,769
Retained earnings 2,744,823 2,685,339
Total Stockholders’ Equity 5,000,001 5,000,009
Total Liabilities and Stockholders’ Equity 305,803,262 305,124,794
Class A Common Stock    
Stockholders’ Equity    
Common stock, Value 160 151
Total Stockholders’ Equity 160 151
Class B Common Stock    
Stockholders’ Equity    
Common stock, Value 750 750
Total Stockholders’ Equity $ 750 $ 750