Annual report pursuant to Section 13 and 15(d)

STATEMENT OF CASH FLOWS

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STATEMENT OF CASH FLOWS
 7 Months Ended
Dec. 31, 2019
USD ($)
Cash Flows from Operating Activities:  
Net income $ 784,778
Adjustments to reconcile net income to net cash used in operating activities:  
Dividend income earned on marketable securities held in Trust Account (1,261,596)
Changes in operating assets and liabilities:  
Prepaid expenses (125,000)
Accrued expenses 136,694
Income taxes payable 208,612
Net cash used in operating activities (256,512)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (275,000,000)
Net cash used in investing activities (275,000,000)
Cash Flows from Financing Activities:  
Proceeds from sale of Units, net of underwriting discounts paid 269,500,000
Proceeds from sale of Private Placement Warrants 7,500,000
Proceeds from promissory notes - related party 231,366
Repayment of promissory notes - related party (231,366)
Payment of offering costs (437,880)
Net cash provided by financing activities 276,562,120
Net Change in Cash 1,305,608
Cash - Beginning 0
Cash - Ending 1,305,608
Non-cash investing and financing activities:  
Deferred offering costs paid directly by Sponsor from proceeds of issuance of Class B common stock to Sponsor 25,000
Initial classification of common stock subject to possible redemption 261,909,820
Change in value of common stock subject to possible redemption 786,070
Deferred underwriting fee payable $ 9,625,000