Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

v3.20.2
CONDENSED STATEMENT OF CASH FLOWS
 4 Months Ended
Sep. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (102,351)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (20,204)
Changes in operating assets and liabilities:  
Prepaid expenses (327,842)
Accounts payable and accrued expenses 57,916
Net cash used in operating activities (392,481)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (334,215,700)
Net cash used in investing activities (334,215,700)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 327,531,386
Proceeds from sale of Private Placement Warrants 9,700,000
Repayment of promissory note - related party (52,250)
Payment of offering costs (11,300)
Net cash provided by financing activities 337,192,836
Net Change in Cash 2,584,655
Cash - Beginning 0
Cash - Ending 2,584,655
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 320,091,800
Change in value of common stock subject to possible redemption (101,350)
Deferred underwriting fee payable 11,697,550
Deferred offering costs included in accrued offering costs 402,480
Deferred offering costs paid through promissory note - related party $ 52,250