Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Cash Flows (Unaudited)

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Condensed Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net loss $ (6,076,872) $ (1,780,964)
Adjustments to reconcile net loss to net cash used in operating activities:    
Change in fair value of warrant liabilities 5,875,000 2,125,000
Interest earned on marketable securities held in Trust Account (29,136) (587,273)
Fees charged on Trust Account 12,500 7,083
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets 49,250 (180,342)
Accrued expenses (112,579) 55,675
Net cash used in operating activities (281,837) (360,821)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:    
Proceeds from sale of Units, net of underwriting discounts paid 196,000,000
Proceeds from sale of Private Placement Warrants 6,250,000
Repayment of promissory note – related party (175,000)
Payments of offering costs (367,078)
Net cash provided by financing activities 201,707,922
Net Change in Cash (281,837) 1,347,101
Cash – Beginning 955,800 27,831
Cash – Ending 673,963 1,374,932
Non-Cash Investing and Financing Activities:    
Initial classification of ordinary shares subject to possible redemption 185,530,600
Change in value of ordinary shares subject to possible redemption $ (6,076,870) $ (1,030,970)