Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statements of Cash Flows

v3.20.2
Unaudited Condensed Statements of Cash Flows - USD ($)
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (294,620) $ 0
Change in operating assets and liabilities:    
Increase in dividend receivable (3,758) 0
Increase in prepaid expenses (716,748)  
Increase in deferred tax assets (78,317)  
Increase in accounts payable 248,528 0
Increase in income tax payable 57  
Net cash provided by/(used for) operating activities (844,858) 0
Cash flows from financing activities:    
Proceeds from sale of Class A common stock to public 750,000,000 0
Proceeds from sale of Private Placement Warrants 17,000,000 0
Payment of underwriting discounts (15,000,000) 0
Payment of offering costs (485,245) 0
Proceeds from promissory note 300,000 0
Repayment of promissory note (300,000) 0
Net cash provided by financing activities 751,514,755 0
Increase in cash 750,669,897 0
Cash and restricted cash and cash equivalents at beginning of period 5,000 5,000
Cash and restricted cash and cash equivalents at end of period 750,674,897 5,000
Supplemental disclosure of non-cash financing activities    
Accrued offering costs 503,000 0
Deferred underwriting discount $ 26,250,000 $ 0