Registration of securities issued in business combination transactions

STATEMENTS OF CASH FLOWS

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STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:        
Net income/loss $ (12,870,990) $ 6,442,454 $ (15,265,396) $ (7,209,680)
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Interest income earned on marketable securities held in Trust Account (47,155) (1,207,866) (1,793,627) (714,993)
Change in fair value of warrant liabilities 10,721,500 (5,393,500) 13,924,875 6,999,875
Transaction costs       560,698
Unrealized (gain) loss on marketable securities held in Trust Account (4,987) (378,250) (3,447) 6,479
Deferred income tax provision (benefit)   80,793 1,361 (1,361)
Changes in operating assets and liabilities:        
Prepaid expenses 26,257 (30,985) 112,048 (202,472)
Prepaid income taxes     (255,364)  
Accounts payable and accrued expenses 1,907,017 (52,712) 1,976,231 180,244
Income taxes payable   198,043 (94,636) 94,636
Net cash used in operating activities (268,358) (342,023) (1,397,955) (286,574)
Cash Flows from Investing Activities:        
Investment of cash in Trust Account       (316,250,000)
Cash withdrawn from Trust Account to pay franchise and income taxes     713,860  
Interest withdrawn for tax payments 40,050 115,392    
Net cash provided by (used in) investing activities 40,050 115,392 713,860 (316,250,000)
Cash Flows from Financing Activities:        
Proceeds from sale of Units, net of underwriting discounts paid       309,925,000
Proceeds from sale of Private Placement Warrants       8,325,000
Proceeds from promissory notes – related party       124,992
Repayment of promissory notes – related party       (224,992)
Payment of offering costs       (571,876)
Net cash provided by financing activities       317,578,124
Net Change in Cash (228,308) (226,631) (684,095) 1,041,550
Cash – Beginning 399,516 1,083,611 1,083,611 42,061
Cash – Ending 171,208 856,980 399,516 1,083,611
Supplemental cash flow information:        
Cash paid for income taxes     350,000  
Non-cash investing and financing activities:        
Initial classification of Class A common stock subject to redemption       286,727,625
Change in value of Class A common stock subject to possible redemption 53,430,749 $ 6,442,449 (15,265,401) (6,633,789)
Initial classification of warrant liabilities       (14,807,125)
Deferred underwriting fee payable $ 11,068,750   $ 11,068,750 $ 11,068,750