Quarterly report pursuant to Section 13 or 15(d)

Unaudited Condensed Statement of Cash Flows

v3.20.2
Unaudited Condensed Statement of Cash Flows
 3 Months Ended
Sep. 30, 2020
USD ($)
Cash Flows from Operating Activities:  
Net loss $ (206,850)
Adjustments to reconcile net loss to net cash used in operating activities:  
General and administrative expenses paid by related party 25,000
Unrealized loss on investments held in Trust Accounts 42,794
Changes in operating assets and liabilities:  
Prepaid expenses (420,084)
Accounts payable 32,340
Accrued expenses 11,250
Net cash used in operating activities (515,550)
Cash Flows from Investing Activities:  
Cash deposited in Trust Account (690,000,000)
Net cash used in investing activities (690,000,000)
Cash Flows from Financing Activities:  
Repayment of note payable to related party (193,562)
Proceeds received from initial public offering, gross 690,000,000
Offering costs (13,811,300)
Proceeds received from private placement 17,300,000
Net cash provided by financing activities 693,295,138
Net increase in cash 2,779,588
Cash - beginning of the period
Cash - ending of the period 2,779,588
Supplemental disclosure of noncash investing and financing activities:  
Deferred offering costs included in accounts payable 109,126
Deferred offering costs included in accrued expenses 338,339
Deferred offering costs included from note payable - related party 193,562
Deferred legal fees (offering costs) 239,161
Deferred underwriting commissions (offering costs) 24,150,000
Change in value of Class A ordinary shares subject to possible redemption $ 663,276,660