| Jun'19 | ||||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
825 | ||||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
1,270 | ||||||
Unrealized gain on marketable securities held in Trust Account | ||||||
1 | ||||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
54 | ||||||
Accounts payable and accrued expenses | ||||||
1 | ||||||
Net cash used in operating activities | ||||||
-499 | ||||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
55,000 | ||||||
Net cash provided by (used in) investing activities | ||||||
-55,000 | ||||||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
53,625 | ||||||
Proceeds from sale of Private Warrants | ||||||
2,375 | ||||||
Proceeds from sale of unit purchase option | ||||||
0 | ||||||
Payment of offering costs | ||||||
335 | ||||||
Repayment of promissory notes – related party | ||||||
125 | ||||||
Repayment of advances from related party | ||||||
75 | ||||||
Net cash (used in) provided by financing activities | ||||||
55,464 | ||||||
Net Change in Cash | ||||||
-34 | ||||||
Supplemental disclosure of noncash investing and financing activities: | ||||||
Initial classification of ordinary shares subject to possible redemption | ||||||
50,515 | ||||||
Change in value of ordinary shares subject to possible redemption | ||||||
825 | ||||||