Quarterly report pursuant to Section 13 or 15(d)

Shareholder's Equity (Details)

v3.20.2
Shareholder's Equity (Details) - $ / shares
1 Months Ended 3 Months Ended
Aug. 04, 2020
Aug. 28, 2020
Sep. 30, 2020
Shareholder's Equity (Details) [Line Items]      
Share conversion percentage     20.00%
Preferred stock, shares authorized     5,000,000
Preferred stock, par value (in Dollars per share)     $ 0.0001
Gross proceeds price percentage     60.00%
Warrants description     the volume weighted average trading price of our Class A ordinary shares during the 20 trading day period starting on the trading day prior to the day on which the Company consummates its initial business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the higher of the Market Value and the Newly Issued Price, the $18.00 per share redemption trigger price described below under “Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00” and “Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to 180% of the higher of the Market Value and the Newly Issued Price, and the $10.00 per share redemption trigger price described below under “Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00” will be adjusted (to the nearest cent) to be equal to the higher of the Market Value and the Newly Issued Price.
Private Placement [Member]      
Shareholder's Equity (Details) [Line Items]      
Warrant exercise price (in Dollars per share)     $ 1.50
Warrant [Member]      
Shareholder's Equity (Details) [Line Items]      
Warrant exercise price (in Dollars per share)     $ 11.50
Warrant expire term     5 years
Share issued price per share (in Dollars per share)     $ 9.20
Class A Ordinary Shares [Member]      
Shareholder's Equity (Details) [Line Items]      
Common stock, shares authorized     500,000,000
Common stock, par value (in Dollars per share)     $ 0.0001
Common stock, issued     69,000,000
Common stock, outstanding     69,000,000
Subject to possible redemption     66,327,666
Class A Ordinary Shares [Member] | Private Placement [Member]      
Shareholder's Equity (Details) [Line Items]      
Warrant exercise price (in Dollars per share)     $ 11.50
Warrants for redemption, description.     Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00: Once the warrants become exercisable, the Company may redeem the outstanding warrants (except as described herein with respect to the Private Placement Warrants): ●in whole and not in part; ●at a price of $0.01 per warrant; ●upon not less than 30 days’ prior written notice of redemption to each warrant holder; and ●if, and only if, the last reported sale price of Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders (the “Reference Value”) equals or exceeds $18.00 per share (as adjusted). The Company will not redeem the warrants as described above unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A ordinary shares is available throughout the 30-day redemption period. If and when the warrants become redeemable by the Company, it may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00: Once the warrants become exercisable, the Company may redeem the outstanding warrants (except as described herein with respect to the Private Placement Warrants): ●in whole and not in part; ●at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to an agreed table based on the redemption date and the “fair market value” of Class A ordinary shares; ●if, and only if, the Reference Value equals or exceeds $10.00 per share (as adjusted); and ●if the Reference Value is less than $18.00 per share (as adjusted), the Private Placement Warrants must also concurrently be called for redemption on the same terms as the outstanding Public Warrants, as described above. The “fair market value” of Class A ordinary shares shall mean the volume-weighted average sale price of Class A ordinary shares for the 10 trading days following the date on which the notice of redemption is sent to the holders of warrants. In no event will the warrants be exercisable in connection with this redemption feature for more than 0.361 Class A ordinary shares per warrant (subject to adjustment).
Common Class B [Member]      
Shareholder's Equity (Details) [Line Items]      
Common stock, shares authorized     50,000,000
Common stock, par value (in Dollars per share)     $ 0.0001
Common stock, issued 14,375,000    
Common stock, outstanding 14,375,000    
Issuance of Class B ordinary shares to Sponsor   17,250,000 17,250,000
Shares forfeiture   2,250,000  
Proposed offering, percentage   20.00%