Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets    
Cash $ 87,616 $ 138,533
Prepaid income taxes 242,620 242,620
Prepaid expenses 81,792 190,917
Total Current Assets 412,028 572,070
Security deposit 23,800 23,800
Marketable securities held in Trust Account 305,409,720 304,528,924
Total Assets 305,845,548 305,124,794
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities - Accounts payable and accrued expenses 2,675,310 303,190
Convertible promissory note – related party 1,285,415
Deferred tax liability 35,655
Deferred underwriting fee payable 10,505,250 10,505,250
Total Liabilities 14,465,975 10,844,095
Common stock subject to possible redemption, 28,129,612 and 28,504,462 shares at redemption value as of September 30, 2020 and December 31, 2019, respectively 286,379,569 289,280,690
Stockholders’ Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued and outstanding
Additional paid in capital 5,214,852 2,313,769
(Accumulated deficit)/Retained earnings (215,787) 2,685,339
Total Stockholders’ Equity 5,000,004 5,000,009
Total Liabilities and Stockholders’ Equity 305,845,548 305,124,794
Class A Common Stock    
Stockholders’ Equity    
Common stock, Value 189 151
Total Stockholders’ Equity 189 151
Class B Common Stock    
Stockholders’ Equity    
Common stock, Value 750 750
Total Stockholders’ Equity $ 750 $ 750