Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.20.4
Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:    
Net loss $ (154,280) $ 0
Adjustments to reconcile net loss to net cash used in operating activities:    
Trust account interest income (78,624) 0
Changes in operating assets and liabilities:    
Decrease (increase) in prepaid expenses (105,838) 0
Increase (decrease) in accounts payable and accrued liabilities 127,450 0
Net cash used in operating activities (211,292) 0
Cash flows from investing activities:    
Cash deposited in trust account (500,000,000) 0
Net cash used in investing activities (500,000,000) 0
Cash flows from financing activities:    
Proceeds from public offering 500,000,000 0
Proceeds from sale of private placement warrants 12,000,000 0
Payment for underwriting discounts (10,000,000) 0
Payment of offering costs (606,622) 0
Payment of notes payable, affiliates (166,750) 0
Proceeds from stock subscriptions receivable, affiliates 2,070 0
Net cash provided by financing activities 501,228,698 0
Net increase (decrease) in cash and cash equivalents 1,017,406 0
Cash and cash equivalents at beginning of period 0 0
Cash and cash equivalents at end of period 1,017,406 0
Supplemental schedule of non-cash financing activities:    
Change in value of common shares subject to possible conversion (149,759) 0
Initial classification of common shares subject to possible conversion 478,724,167 0
Deferred underwriting commissions 17,500,000 0
Offering costs included in Notes payable, affiliates $ 166,750 $ 0