Hl acquisitions corp. (HCCH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18
Cash Flows from Operating Activities:
Net income

2,364

-74,553

194,172

191,247

257,118

215,576

161,113

-5,167

Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on marketable securities held in Trust Account

202,039

256,222

299,519

348,015

342,683

296,155

283,415

-

Unrealized gain on marketable securities held in Trust Account

37,336

0

12,454

-14,606

8,918

18,969

-11,791

-

Changes in operating assets and liabilities:
Prepaid expenses and other current assets

29,068

-476

-27,082

-33,239

18,558

-35,213

104,066

-

Accounts payable and accrued expenses

9,248

49,312

31,239

-3,611

-1,955

3,774

3,181

-

Net cash used in operating activities

-256,831

-280,987

-59,480

-112,534

-114,996

-60,561

-211,396

-5,167

Cash Flows from Investing Activities:
Investment of cash in Trust Account

-

-

-

0

0

0

55,000,000

-

Net cash provided by (used in) investing activities

-

-

-

0

0

0

-55,000,000

-

Cash Flows from Financing Activities:
Proceeds from sale of Units, net of underwriting discounts paid

-

-

-

0

0

0

53,625,000

-

Proceeds from sale of Private Warrants

-

-

-

0

0

0

2,375,000

-

Proceeds from sale of unit purchase option

-

-

-

0

0

0

100

-

Proceeds from issuance of Founder Shares

-

-

-

-

-

-

-

25,000

Payment of offering costs

-

-

-

0

0

0

335,323

168,942

Proceeds from convertible promissory notes – related party

40,339

443,280

50,000

-

-

-

-

75,000

Proceeds from promissory notes – related party

-

-

-

-

-

-

-

125,000

Repayment of promissory notes – related party

-

-

-

0

0

0

125,000

-

Repayment of advances from related party

-

-

-

0

0

0

75,000

-

Net cash (used in) provided by financing activities

-3,564,315

600,000

50,000

0

0

0

55,464,777

56,058

Net Change in Cash

-276,153

319,013

-9,480

-112,534

-114,996

-60,561

253,381

50,891

Supplemental disclosure of noncash investing and financing activities:
Initial classification of ordinary shares subject to possible redemption

-

-

-

0

0

0

50,515,660

-

Change in value of ordinary shares subject to possible redemption

2,357

-74,548

194,167

191,247

257,118

215,583

161,113

-

Deferred offering costs included in accrued offering costs

-

-

-

-

-

-

-

140,177