Quarterly report pursuant to Section 13 or 15(d)

CONDENSED STATEMENT OF CASH FLOWS

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CONDENSED STATEMENT OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2020
Cash Flows from Operating Activities:  
Net loss $ (82,243)
Adjustments to reconcile net loss to net cash used in operating activities:  
Interest earned on marketable securities held in trust account (6,646)
Changes in operating assets and liabilities:  
Prepaid expenses (163,744)
Accounts payable and accrued expenses 69,833
Net cash used in operating activities (182,800)
Cash Flows from Investing Activities:  
Investment of cash into Trust Account (230,000,000)
Net cash used in investing activities (230,000,000)
Cash Flows from Financing Activities:  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discounts paid 225,400,000
Proceeds from sale of Private Placement Units 6,500,000
Proceeds from promissory note-related party 140,671
Repayment of promissory note-related party (140,671)
Payment of offering costs (473,487)
Net cash provided by financing activities 231,451,513
Net Change in Cash 1,268,713
Cash - Beginning 0
Cash - Ending 1,268,713
Non-Cash investing and financing activities:  
Initial classification of common stock subject to possible redemption 218,395,060
Change in value of common stock subject to possible redemption (82,250)
Deferred underwriting fee payable 8,050,000
Offering costs included in accrued offering costs $ 5,450