Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (Unaudited)

v3.19.1
Condensed Statement of Cash Flows (Unaudited)
3 Months Ended
Mar. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (41,421)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (190,608)
Unrealized gain on marketable securities held in Trust Account (6,508)
Deferred income taxes 1,366
Changes in operating assets and liabilities:  
Prepaid expenses (312,842)
Accounts payable and accrued expenses 59,767
Net cash used in operating activities (490,246)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (300,150,000)
Net cash used in investing activities (300,150,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 294,147,000
Proceeds from sale of Private Placement Warrants 8,503,000
Advances from related party 150,000
Repayment of advances from related party (150,000)
Repayment of promissory note – related party (299,000)
Payment of offering costs (415,098)
Net cash provided by financing activities 301,935,902
Net Change in Cash 1,295,656
Cash – Beginning 119,136
Cash – Ending 1,414,792
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 286,423,829
Change in value of common stock subject to possible redemption 86,413
Offering costs included in accrued offering costs 1,699
Deferred underwriting fee payable $ 10,505,250