Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.21.1
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:      
Net loss $ (45,255,407) $ (341) $ (295)
Adjustments to reconcile net loss to net cash used in operating activities:      
Change in fair value of warrant liability 43,139,251 0 0
Issuance costs related to warrant liability 1,075,021 0 0
Change in operating assets and liabilities:      
Increase in dividend receivable (3,883) 0 0
Increase in prepaid expenses (599,170) 0 0
Increase in deferred tax assets (265,954) 0 0
Increase in accounts payable 964,734 341 295
Increase in income tax payable 57 0 0
Net cash used for operating activities (945,351) 0 0
Cash flows from financing activities:      
Proceeds from sale of Class B common stock to GS Sponsor II LLC 0 0 5,000
Proceeds from sale of Class A common stock to public 750,000,000 0 0
Proceeds from sale of Private Placement Warrants 17,000,000 0 0
Payment of underwriting discounts (15,000,000) 0 0
Payment of offering costs (613,245) 0 0
Proceeds from promissory note 300,000 0 0
Repayment of promissory note (300,000) 0 0
Net cash provided by financing activities 751,386,755 0 5,000
Increase in cash and restricted cash 750,441,404 0 5,000
Cash and restricted cash and cash equivalents at beginning of year 5,000 5,000 0
Cash and restricted cash and cash equivalents at end of year 750,446,404 5,000 5,000
Supplemental disclosure of non-cash financing activities      
Accrued offering costs 375,000 0 0
Deferred underwriting discount $ 26,250,000 $ 0 $ 0