Quarterly report pursuant to Section 13 or 15(d)

Condensed Statement of Cash Flows (Unaudited)

v3.20.2
Condensed Statement of Cash Flows (Unaudited) - USD ($)
 7 Months Ended
Sep. 30, 2020
Cash Flows from Operating Activities:  
Net loss $ (190,427)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (108,734)
Changes in operating assets and liabilities:  
Prepaid expenses (46,794)
Accrued expenses 80,000
Income taxes payable 12,334
Net cash used in operating activities (253,621)
Cash Flows from Investing Activities:  
Security deposit (329)
Investment of cash in Trust Account (350,000,000)
Net cash used in investing activities (350,000,329)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 343,900,000
Proceeds from sale of Private Placement Warrants 8,100,000
Proceeds from promissory note – related party 2,378
Repayment of promissory note – related party (186,165)
Payment of offering costs (375,252)
Net cash provided by financing activities 351,440,961
Net Change in Cash 1,187,011
Cash – Beginning
Cash – Ending 1,187,011
Non-cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 333,288,890
Change in value of common stock subject to possible redemption (188,360)
Deferred underwriting fee payable 13,150,000
Deferred offering costs paid directly by Sponsor in consideration for Class B common stock 25,000
Deferred offering costs paid through promissory note – related party $ 183,787