Annual report pursuant to Section 13 and 15(d)

Statements of Cash Flows

v3.8.0.1
Statements of Cash Flows - USD ($)
10 Months Ended 12 Months Ended
Dec. 31, 2016
Dec. 31, 2017
Cash flows from operating activities:    
Net income (loss) $ (160,000) $ 119,000
Costs paid directly to vendors by sponsor 160,000 6,000
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Increase in accounts payable and accrued expenses 112,000
Increase in accrued taxes 155,000
Increase in prepaid expenses (12,000)
Trust income retained in Trust Account (403,000)
Net cash used in operating activities (23,000)
Cash flows from investing activities:    
Cash deposited in Trust Account (300,000,000)
Cash flows from financing activities:    
Proceeds from sale of common stock to Sponsor 25,000
Proceeds from note payable to Sponsor 1,000 283,000
Proceeds from sale of Public Offering Units   300,000,000
Proceeds from sale of Private Placement Warrants net of $474,000 of Sponsor notes converted to warrants   8,276,000
Payment of underwriting discounts   (6,000,000)
Payment of offering costs   (710,000)
Payment of notes payable to Sponsor (100,000)
Net cash provided by financing activities 26,000 301,749,000
Net Increase in cash 26,000 1,726,000
Cash at beginning of period   26,000
Cash at end of period 26,000 1,752,000
Supplemental disclosure of non-cash financing activities:    
Notes Payable - Sponsor advances paid directly to vendors 284,000 6,000
Deferred offering costs included in note payable to Sponsor 124,000  
Deferred offering costs included in accounts payable 177,000
Notes payable to Sponsor converted to Private Placement Warrants $ 474,000