Quarterly report pursuant to Section 13 or 15(d)

Condensed Balance Sheets

v3.20.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2020
Dec. 31, 2019
Current assets -    
Cash $ 569,000 $ 568,000
Prepaid expenses and other assets 79,000 26,000
Total current assets 648,000 594,000
Non-current assets -    
Cash and investments held in Trust Account 305,937,000 302,529,000
Total assets 306,585,000 303,123,000
Current liabilities -    
Accounts payable 385,000 358,000
Accrued expenses 2,076,000 1,859,000
Accrued franchise and income taxes 204,000 8,000
Due to related party 4,696,000 1,958,000
Total current liabilities 7,361,000 4,183,000
Other liabilities -    
Deferred underwriting compensation 10,500,000 10,500,000
Total liabilities 17,861,000 14,683,000
Common stock subject to possible redemption; 28,372,422 and 28,344,013 shares, respectively, at March 31, 2020 and December 31, 2019 (at approximately $10.00 per share) 283,724,000 283,440,000
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized, none issued or outstanding
Additional paid-in-capital 563,000 847,000
Retained earnings 4,436,000 4,152,000
Total stockholders' equity 5,000,000 5,000,000
Total liabilities and stockholders' equity 306,585,000 303,123,000
Class A Common Stock    
Stockholders' equity:    
Common stock value
Total stockholders' equity
Class F Common Stock    
Stockholders' equity:    
Common stock value 1,000 1,000
Total stockholders' equity $ 1,000 $ 1,000