CONDENSED STATEMENT OF CASH FLOWS - USD ($)
|
1 Months Ended |
2 Months Ended |
May 01, 2020 |
Jun. 30, 2020 |
| Cash Flows from Operating Activities: |
|
|
| Net loss |
$ 2,500
|
$ (62,862)
|
| Changes in operating assets and liabilities: |
|
|
| Prepaid expenses |
|
(25,297)
|
| Accounts payable |
|
227,500
|
| Accrued expenses |
2,500
|
(207,500)
|
| Franchise tax payable |
|
40,548
|
| Net cash used in operating activities |
|
(27,611)
|
| Cash Flows from Investing Activities |
|
|
| Cash deposited in Trust Account |
|
(230,000,000)
|
| Net cash used in investing activities |
|
(230,000,000)
|
| Cash Flows from Financing Activities: |
|
|
| Proceeds from issuance of Class B common stock to Sponsor |
25,000
|
25,000
|
| Proceeds received from note payable to related party |
|
75,000
|
| Proceeds received from initial public offering, gross |
|
230,000,000
|
| Proceeds received from private placement |
|
6,575,000
|
| Offering costs paid |
|
(4,907,692)
|
| Net cash provided by financing activities |
25,000
|
231,767,308
|
| Net change in cash |
25,000
|
1,739,697
|
| Cash - end of the period |
25,000
|
1,739,697
|
| Supplemental disclosure of noncash activities: |
|
|
| Offering costs included in accrued expenses |
$ 61,500
|
117,000
|
| Offering costs included in accounts payable |
|
23,175
|
| Deferred underwriting commissions in connection with the initial public offering |
|
8,050,000
|
| Initial value of common stock subject to possible redemption |
|
218,439,270
|
| Prepaid expenses included in accrued expenses |
|
207,500
|
| Prepaid expenses included in accounts payable |
|
$ 5,000
|