Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net (loss) income $ (1,131,437) $ 4,226,759
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Gain on marketable securities, dividends and interest held in Trust Account (1,261,249) (4,554,158)
Changes in operating assets and liabilities:    
Prepaid expenses 51,905 (62,738)
Accounts payable 830,344 83,995
Accrued expenses 770,551 6,166
Net cash used in operating activities (739,886) (299,976)
Cash Flows from Investing Activities:    
Cash deposited in Trust Account   (287,500,000)
Net cash used in investing activities   (287,500,000)
Cash Flows from Financing Activities:    
Proceeds from note payable to related party   250,000
Repayment of note payable and advances from related party   (250,000)
Proceeds received from initial public offering, gross   287,500,000
Proceeds from private placement   7,750,000
Offering costs paid   (5,885,229)
Net cash provided by financing activities   289,364,771
Net change in cash (739,886) 1,564,795
Cash - beginning of the year 1,589,795 25,000
Cash - end of the year 849,909 1,589,795
Supplemental disclosure of noncash activities:    
Offering costs included in accounts payable   2,600
Change in value of ordinary shares subject to possible redemption $ (1,131,440) $ 279,423,730