Registration of securities issued in business combination transactions

CONDENSED STATEMENTS OF CASH FLOWS

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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 5 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2019
Jun. 30, 2020
Sep. 30, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:            
Net income $ 1,028,313 $ 1,291,894 $ (378,919) $ (9,894) $ (234,600) $ (1,531,192)
Adjustments to reconcile net income to net cash used in operating activities:            
Change in fair value of warrant liability (1,191,900) (945,300) 616,500 411,000 575,400 1,479,600
Formation costs paid by Sponsor     5,000      
Interest earned on marketable securities held in Trust Account (23,949) (546,631) (414,479)     (744,021)
Changes in operating assets and liabilities:            
Prepaid expenses and other current assets (38,928) (46,012) (129,666)     64,365
Accounts payable and accrued expenses 57,891 (12,501) 65,716     144,016
Net cash used in operating activities (168,573) (258,550) (231,770)     (587,232)
Cash Flows from Investing Activities:            
Investment of cash into Trust Account     (138,000,000)      
Net cash provided by (used in) investing activities 0   (138,000,000)      
Cash Flows from Financing Activities:            
Proceeds from sale of Units, net of underwriting discounts paid     135,240,000      
Proceeds from sale of Private Warrants     4,110,000      
Proceeds from convertible promissory note - related party           500,000
Repayment of promissory note - related party     (93,798)      
Payments of offering costs     (312,370)      
Net cash used in (provided by) financing activities 0   138,943,832     500,000
Net Change in Cash (168,573) (258,550) 712,062     (87,232)
Cash - Beginning 624,830 712,062   712,062 712,062 712,062
Cash - Ending 456,257 453,512 712,062     624,830
Non-Cash Investing and Financing Activities:            
Initial classification of ordinary shares subject to possible redemption     132,539,620      
Change in value of ordinary shares subject to possible redemption $ 1,028,320 $ 1,291,890 321,930 $ 9,900 $ 234,600 $ 1,531,200
Initial classification of warrant liabilities     1,356,300      
Issuance of Representative Shares     1,137      
Payment of offering costs through promissory note - related party     88,798      
Offering costs paid directly by shareholder in exchange for issuance of ordinary shares     $ 25,000