Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.2
Condensed Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 613,000 $ 1,124,000
Prepaid expenses 51,000 50,000
Total current assets 664,000 1,174,000
Cash and investments held in trust account 308,800,000 307,338,000
Total assets 309,464,000 308,512,000
Current liabilities:    
Accounts payable 10,000 46,000
Accrued liabilities 2,355,000 2,119,000
Deferred compensation 186,000 116,000
Accrued income and franchise taxes 14,000
Total current liabilities 2,565,000 2,281,000
Other liabilities:    
Deferred underwriting compensation 10,179,000 10,179,000
Total liabilities 12,744,000 12,460,000
Commitments and contingencies
Common stock subject to possible redemption; 28,883,186 and 28,817,019 shares at June 30, 2020 and December 31, 2019, respectively, (at value of approximately $10.10 per share) 291,720,000 291,052,000
Stockholders' equity:    
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding at June 30, 2020 and December 31, 2019
Additional paid-in-capital 3,173,000 3,842,000
Retained earnings 1,826,000 1,157,000
Total stockholders' equity 5,000,000 5,000,000
Total liabilities and stockholders' equity 309,464,000 308,512,000
Class A Common Stock    
Stockholders' equity:    
Common stock
Total stockholders' equity
Class B Common Stock    
Stockholders' equity:    
Common stock 1,000 1,000
Total stockholders' equity $ 1,000 $ 1,000