Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

v3.19.2
CONDENSED STATEMENT OF CASH FLOWS
 6 Months Ended
Jun. 30, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 1,626,364
Adjustments to reconcile net income to net cash used in operating activities:  
General and administrative expenses paid by related party 2,206
Gain on marketable securities, dividends and interest held in Trust Account (1,760,594)
Changes in operating assets and liabilities:  
Prepaid expenses (138,629)
Accrued expenses 82,575
Net cash used in operating activities (188,078)
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 (252,206)
Proceeds received from initial public offering, gross 287,500,000
Proceeds from private placement 7,750,000
Offering costs paid (5,800,229)
Net cash provided by financing activities 289,447,565
Net change in cash 1,759,487
Cash - beginning of the period 25,000
Cash - end of the period 1,784,487
Supplemental disclosure of noncash activities:  
Offering costs included in accrued expenses 85,000
Offering costs included in accounts payable 2,600
Value of ordinary shares subject to possible redemption $ 276,823,340