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 income $ 318,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:  
Interest income retained in Trust Account (530,000)
Changes in operating assets and liabilities:  
Increase in prepaid expenses (142,000)
Increase in accounts payable 5,000
Increase in accrued liabilities 91,000
Increase in accrued income and franchise taxes 117,000
Net cash used in operating activities (141,000)
Cash flows from investing activities:  
Cash deposited in Trust Account (303,152,000)
Cash flows from financing activities:  
Proceeds from sale of stock to Anchor Investor 3,000
Proceeds from Note payable to Sponsor 210,000
Proceeds from sale of Public Offering Units 300,150,000
Proceeds from sale of Private Placement Warrants 13,582,000
Payment of underwriting discounts (7,830,000)
Payment of offering costs (702,000)
Payment of Note payable to Sponsor (300,000)
Net cash provided by financing activities 305,113,000
Net increase in cash 1,820,000
Cash at beginning of period 6,000
Cash at end of period 1,826,000
Supplemental disclosure of non-cash financing activities:  
Deferred underwriters' compensation 10,179,000
Offering costs included in accounts payable $ 48,000