General form of registration statement for all companies including face-amount certificate companies

STATEMENTS OF CASH FLOWS (As Restated)

v3.21.2
STATEMENTS OF CASH FLOWS (As Restated) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net income $ (72,459,185) $ (14,682,592)
Adjustments to reconcile net loss to net cash used in operating activities:    
Interest earned on marketable securities held in Trust Account (2,516,752) (6,639,430)
Transaction costs attributable to the Initial Public Offering   1,125,634
Loss on derivative liabilities 73,583,549 18,250,000
Unrealized gain on marketable securities held in Trust Account (1,276) (45,988)
Deferred income tax (benefit) provision (8,681) 9,657
Changes in operating assets and liabilities:    
Prepaid expenses 181,226 (275,525)
Prepaid income taxes 27,140 (27,140)
Accounts payable and accrued expenses 378,017 257,466
Income taxes payable 95,302  
Net cash used in operating activities (720,660) (2,027,918)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account   (690,000,000)
Cash withdrawn from Trust Account for working capital 250,000 125,000
Cash withdrawn from Trust Account to pay franchise and income taxes 606,250 1,265,000
Net cash provided by investing activities 856,250 (688,610,000)
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   677,788,000
Proceeds from sale of Private Placement Warrants   15,800,000
Proceeds from promissory notes-related party 1,500,000 200,000
Repayment of promissory notes-related party   (200,000)
Payment of offering costs   (736,807)
Net cash provided by financing activities 1,500,000 692,876,193
Net Change in Cash 1,635,590 2,238,275
Cash-Beginning of period 2,238,275 0
Cash-End of period 3,873,865 2,238,275
Supplemental cash flow information:    
Cash paid for income taxes 373,000 1,265,000
Non-Cash investing and financing activities:    
Initial classification of Class A common stock subject to redemption   628,390,190
Change in value of Class A common stock subject to possible redemption (72,459,189) (13,551,961)
Deferred underwriting fee payable   $ 21,371,000
Class B Common Stock [Member]    
Cash Flows from Operating Activities:    
Net income $ 0