| Dec'19 | ||||||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
3,367 | ||||||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Interest earned on marketable securities held in Trust Account | ||||||
4,912 | ||||||
Unrealized gains on marketable securities held in Trust Account | ||||||
128 | ||||||
Deferred tax provision | ||||||
27 | ||||||
Changes in operating assets and liabilities: | ||||||
Prepaid expenses and other current assets | ||||||
186 | ||||||
Prepaid income taxes | ||||||
69 | ||||||
Accounts payable and accrued expenses | ||||||
268 | ||||||
Net cash used in operating activities | ||||||
-1,634 | ||||||
Cash Flows from Investing Activities: | ||||||
Investment of cash in Trust Account | ||||||
276,000 | ||||||
Cash withdrawn from Trust Account to pay income taxes | ||||||
938 | ||||||
Net cash provided by (used in) investing activities | ||||||
-275,062 | ||||||
Cash Flows from Financing Activities: | ||||||
Proceeds from sale of Units, net of underwriting discounts paid | ||||||
270,480 | ||||||
Proceeds from sale of Private Units | ||||||
6,870 | ||||||
Due to related party | ||||||
86 | ||||||
Repayment of advances from related party | ||||||
86 | ||||||
Proceeds from promissory note - related party | ||||||
15 | ||||||
Repayment of promissory note - related party | ||||||
90 | ||||||
Payment of offering costs | ||||||
455 | ||||||
Net cash provided by financing activities | ||||||
276,819 | ||||||
Net Change in Cash | ||||||
122 | ||||||
Supplemental cash flow information: | ||||||
Cash paid for income taxes | ||||||
938 | ||||||
Non-cash investing and financing activities: | ||||||
Initial classification of common stock subject to possible redemption | ||||||
271,835 | ||||||
Change in value of common stock subject to possible redemption | ||||||
3,367 | ||||||