Netfin Acquisition (NFIN) 10-Q 13 Nov 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information (USD $) - shares	5 Months Ended
	Sep. 30, 2019	Nov. 13, 2019
Entity Registrant Name	Netfin Acquisition Corp.
Entity Central Index Key	0001776903
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2019
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Entity Incorporation, State or Country Code	NY
Entity Interactive Data Current	Yes
Entity File Number	001-39008
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Class A Ordinary Shares [Member]
Entity Common Stock, Shares Outstanding		25,981,000
Class B Ordinary Shares [Member]
Entity Common Stock, Shares Outstanding		6,325,000

UNAUDITED CONDENSED BALANCE SHE

UNAUDITED CONDENSED BALANCE SHEET	Sep. 30, 2019USD ($)
Current assets:
Cash	$ 892,516
Prepaid expenses	121,688
Total current assets	1,014,204
Cash equivalents and marketable securities held in Trust Account	253,823,324
Total assets	254,837,528
Current liabilities:
Accrued expenses	5,000
Accrued expenses - related party	20,000
Total current liabilities	25,000
Deferred underwriting commissions	8,855,000
Total liabilities	8,880,000
Commitments
Shareholders' Equity:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Ordinary shares
Additional paid-in capital	4,286,114
Retained earnings	713,066
Total shareholders' equity	5,000,008
Total Liabilities and Shareholders' Equity	254,837,528
Class A Ordinary Shares [Member]
Current liabilities:
Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized, 24,023,681 shares subject to possible redemption at $10.03 per share	240,957,520
Shareholders' Equity:
Ordinary shares	196
Total shareholders' equity	196
Class B Ordinary Shares [Member]
Shareholders' Equity:
Ordinary shares	632
Total shareholders' equity	$ 632

UNAUDITED CONDENSED BALANCE S_2

UNAUDITED CONDENSED BALANCE SHEET (Parenthetical)	Sep. 30, 2019$ / sharesshares
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.0001
Preferred stock, authorized	1,000,000
Preferred stock, issued	0
Preferred stock, outstanding	0
Class A Ordinary Shares [Member]
Class A ordinary shares, par value (in dollars per share) | $ / shares	$ 0.0001
Class A ordinary shares, authorized	200,000,000
Class A ordinary shares, subject to possible redemption	24,023,681
Class A ordinary shares, subject to possible redemption (in dollars per share) | $ / shares	$ 10.03
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Common stock, authorized	200,000,000
Common stock, issued	1,957,319
Common stock, outstanding	1,957,319
Class B Ordinary Shares [Member]
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001
Common stock, authorized	200,000,000
Common stock, issued	6,325,000
Common stock, outstanding	6,325,000

UNAUDITED CONDENSED STATEMENTS

UNAUDITED CONDENSED STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended	5 Months Ended
		Sep. 30, 2019	Sep. 30, 2019
Income Statement [Abstract]
General and administrative expenses		$ 106,366	$ 111,671
Loss from operations		(106,366)	(111,671)
Other income:
Interest income		714,374	714,374
Unrealized gain on marketable securities held in Trust Account		110,363	110,363
Net income		$ 718,371	$ 713,066
Weighted average Class A ordinary shares outstanding, basic and diluted (in shares)	[1]	7,314,790	6,584,160
Basic and diluted net loss per Class A ordinary share (in dollars per share)		$ (0.01)	$ (0.01)
[1]	This number excludes an aggregate of up to 24,023,681 shares subject to possible redemption at September 30, 2019.

UNAUDITED CONDENSED STATEMENT O

UNAUDITED CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)		Additional Paid-in Capital [Member]	Retained Earnings ( Accumulated Deficit) [Member]	Class A Ordinary Shares [Member]	Class B Ordinary Shares [Member]	Total
Balance at beginning at Apr. 24, 2019
Balance at beginning (in shares) at Apr. 24, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B ordinary shares to Sponsor	[1]	24,368			$ 632	25,000
Issuance of Class B ordinary shares to Sponsor (in shares)	[1]				6,325,000
Net income loss			(5,305)
Balance at ending at Jun. 30, 2019		24,368	(5,305)		$ 632	19,695
Balance at ending (in shares) at Jun. 30, 2019					6,325,000
Balance at beginning at Apr. 24, 2019
Balance at beginning (in shares) at Apr. 24, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of Class B ordinary shares to Sponsor (in shares)				200,000,000	20,000,000
Net income loss						713,066
Balance at ending at Sep. 30, 2019		4,286,114	713,066	$ 196	$ 632	5,000,008
Balance at ending (in shares) at Sep. 30, 2019				1,957,319	6,325,000
Balance at beginning at Jun. 30, 2019		24,368	(5,305)		$ 632	19,695
Balance at beginning (in shares) at Jun. 30, 2019					6,325,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Sale of units in Initial Public Offering, gross		252,997,470		$ 2,530		253,000,000
Sale of units in Initial Public Offering, gross (in shares)				25,300,000
Offering costs		(14,590,538)				(14,590,538)
Sale of Private Placement Units to Sponsor in Private Placement		6,809,932		$ 68		6,810,000
Sale of Private Placement Units to Sponsor in Private Placement (in shares)				681,000
Shares subject to possible redemption		(240,955,118)		$ (2,402)		(240,957,520)
Shares subject to possible redemption (in shares)				(24,023,681)
Net income loss			718,371	$ 718,371		718,371
Balance at ending at Sep. 30, 2019		$ 4,286,114	$ 713,066	$ 196	$ 632	$ 5,000,008
Balance at ending (in shares) at Sep. 30, 2019				1,957,319	6,325,000
[1]	This number includes 825,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On August 2, 2019, the over-allotment option was exercised in full. Accordingly, no shares were forfeited.

UNAUDITED CONDENSED STATEMENT_2

UNAUDITED CONDENSED STATEMENT OF CASH FLOWS	5 Months Ended
	Sep. 30, 2019USD ($)
Cash Flows from Operating Activities:
Net income	$ 713,066
Adjustments to reconcile net income to net cash used in operating activities:
General and administrative expenses paid by related party	6,995
Interest earned on marketable securities held in Trust Account	(712,961)
Unrealized gain on marketable securities held in Trust Account	(110,363)
Changes in operating assets and liabilities:
Prepaid expenses	(121,688)
Accrued expenses	5,000
Accrued expenses - related party	20,000
Net cash used in operating activities	(199,951)
Cash Flows from Investing Activities
Investment of cash in Trust Account	(253,000,000)
Net cash used in investing activities	(253,000,000)
Cash Flows from Financing Activities:
Proceeds from note payable to related party	300,000
Repayment of note payable and advances to related party	(466,609)
Proceeds from sale of Units, gross	253,000,000
Proceeds from sale of Private Placement Units	6,810,000
Payment of offering costs	(5,550,924)
Net cash provided by financing activities	254,092,467
Net change in cash and cash equivalents	892,516
Cash and cash equivalents - beginning of the period
Cash and cash equivalents - end of the period	892,516
Supplemental disclosure of noncash investing and financing activities:
Offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares	25,000
Offering costs included in advances from related party	159,614
Deferred underwriting commissions in connection with the initial public offering	8,855,000
Initial value of Class A ordinary shares subject to possible redemption	240,233,160
Change in value of Class A ordinary shares subject to possible redemption	$ 724,360

Description of Organization, Bu

Description of Organization, Business Operations and Basis of Presentation	5 Months Ended
	Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Organization, Business Operations and Basis of Presentation	Note 1 — Description of Organization, Business Operations and Basis of Presentation Netfin Acquisition Corp. (the "Company") was incorporated as a Cayman Islands exempted company on April 24, 2019. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the "Business Combination"). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search for targets in the financial technology, technology and financial services industries, including those engaged in commercial, online and mobile banking and payments, trade finance and telecommunications, that offer a differentiated technology platform and product suite for interfacing with the financial services sector. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As of September 30, 2019, the Company had not commenced any operations. All activity for the period from April 24, 2019 (inception) through September 30, 2019 relates to the Company's formation, its initial public offering (the "Initial Public Offering") described below and, since the closing of the , the search for a prospective initial Business Combination The Company's sponsor is MVR Netfin LLC, a Nevada limited liability company (the "Sponsor"). The registration statement for the Initial Public Offering was declared effective on July 30, 2019. On August 2, 2019, the Company consummated the Initial Public Offering of (the "Units" and, with respect to the Class A ordinary shares included in the Units, the "Public Shares"), at $10.00 per Unit, generating gross proceeds of $253.0 million and incurring offering costs of approximately $14.6 million, inclusive of approximately $8.9 million in deferred underwriting commissions (Note 5). Simultaneously with the closing of the Initial Public Offering, the Company consummated a private placement (the "Private Placement") of (Note 4). Upon the closing of the Initial Public Offering and the Private Placement, $253.0 million, made up of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement, was The Company's management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete an initial Business Combination having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act 1940, as amended (the "Investment Company Act"). The Company will provide the public holders (the "Public Shareholders") of its Public Shares with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially $10.00 per Public Share). The per-share amount to be distributed to Public Shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 5). The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and the approval of an ordinary resolution. The Public Shares subject to possible redemption were classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board's ("FASB") Accounting Standards Codification ("ASC") Topic 480 "Distinguishing Liabilities from Equity." If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association (the "Amended and Restated Memorandum and Articles of Association"), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (the "SEC") and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transactions is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction. If the Company seeks shareholder approval in connection with a Business Combination, the initial shareholders (as defined below) have agreed to vote their Founder Shares (as defined below in Note 4), the Class A ordinary shares underlying the Private Placement Units (the "Private Placement Shares") and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the initial shareholders have agreed to waive their redemption rights with respect to their Founder Shares, Private Placement Shares and Public Shares in connection with the completion of a Business Combination. Notwithstanding the foregoing, the Amended and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a "group" (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act")), will be restricted from redeeming its shares with respect to more than an aggregate of 20% or more of the Public Shares, without the prior consent of the Company. The Sponsor, officers and directors (the "initial shareholders") have agreed not to propose an amendment to the Amended and Restated Memorandum and Articles of Association that would modify the substance or timing of the Company's obligation to provide for the redemption of the Public Shares in connection with an initial Business Combination or to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 18 months from the closing of the Initial Public Offering, or February 2, 2021, (the "Combination Period"), unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment. If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company (less taxes payable and up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Shareholders' rights as shareholders (including the right to receive further liquidation distributions, if any) and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company's remaining shareholders and the Company's board of directors, liquidate and dissolve, subject, in the case of clauses (ii) and (iii), to the Company's obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The Sponsor, officers and directors have agreed to waive their liquidation rights with respect to the Founder Shares and Private Placement Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the initial shareholders or members of the Company's management team acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to their deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed that it will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company, or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or other similar agreement or business combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company's indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the "Securities Act"). The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Basis of Presentation The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America ("GAAP") for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the period from April 24, 2019 (inception) through September 30, 2019 are not necessarily indicative of the results that may be expected through December 31, 2019. The accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the final prospectus filed by the Company with the SEC on July 31, 2019 related to the Initial Public Offering and the audited balance sheet included in the Form 8-K filed by the Company with the SEC on August 8, 2019. Emerging Growth Company The Company is an "emerging growth company," as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act"), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such an election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period, which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company's financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Liquidity As of September 30, 2019, the Company had approximately $893,000 in its operating bank accounts, working capital of approximately $1.0 million, and approximately $823,000 of interest income available in the Trust Account to pay for the Company's tax obligations, if any. Prior to the completion of the Initial Public Offering, the Company's liquidity needs have been satisfied through an advance of $25,000 from the Sponsor to cover for certain offering costs in exchange for the issuance of the Founder Shares, a $300,000 promissory note (the "Note") issued to the Sponsor and approximately $167,000 in advances from the Sponsor. As of September 30, 2019, there were no amounts outstanding under any Working Capital Loan. Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Summary of Significant Accounti

Summary of Significant Accounting Policies	5 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires the Company's management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000, and cash held in the Trust Account. At September 30, 2019, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had approximately $50,000 in cash equivalents held in the Trust Account as of September 30, 2019. Marketable Securities Held in Trust Account The Company's portfolio of marketable securities is comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less. Financial Instruments The fair value of the Company's assets and liabilities, which qualify as financial instruments under ASC 820, "Fair Value Measurements and Disclosures," approximates the carrying amounts represented in the balance sheet. As of September 30, 2019, the carrying values of cash and accrued expenses approximate their fair values due to the short-term nature of the instruments. The Company's portfolio of marketable securities held in the Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less. Offering Costs Associated with the Initial Public Offering Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering and that were charged to shareholders equity upon the completion of the Initial Public Offering. Class A Ordinary Shares Subject to Possible Redemption Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company's control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders' equity. The Company's Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company's control and subject to occurrence of uncertain future events. Accordingly, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders' equity section of the Company's balance sheet. Net Loss Per Ordinary Share Net loss per share is computed by dividing net loss by the weighted-average number of ordinary shares outstanding during the period. An aggregate of 24,023,681 Class A ordinary shares subject to possible redemption was excluded from the calculation of basic loss per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 25,981,000 shares of the Company's Class A ordinary shares in the calculation of diluted loss per share, since they are not yet exercisable. Reconciliation of net loss per ordinary share The Company's net income is adjusted for the portion of income that is attributable to Class A ordinary shares subject to redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows: For the Three Months Ended September 30, 2019 For the Period From April 24, 2019 (Inception) Through September 30, 2019 Net income $ 718,371 $ 713,066 Less: Income attributable to Class A ordinary shares subject to possible redemption (783,170 ) (783,170 ) Adjusted net loss $ (64,799 ) $ (70,104 ) Weighted average Class A ordinary shares outstanding, basic and diluted 7,314,790 6,584,160 Basic and diluted net loss per Class A ordinary share $ (0.01 ) $ (0.01 ) Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, "Income Taxes." Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of September 30, 2019. The Company's management determined that the Cayman Islands is the Company's only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of September 30, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company's tax provision is zero as of September 30, 2019. Recent Accounting Pronouncements The Company's management does not believe that there are any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company's balance sheet.

Initial Public Offering

Initial Public Offering	5 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Initial Public Offering	Note 3 — Initial Public Offering On August 2, 2019, the Company sold 25,300,000 Units, including the issuance of 3,300,000 Units as a result of the underwriters’ exercise of their over-allotment option in full, at $10.00 per Unit, in the Initial Public Offering.

Related Party Transactions

Related Party Transactions	5 Months Ended
	Sep. 30, 2019
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 — Related Party Transactions Founder Shares In April 2019, the Sponsor purchased 6,325,000 Class B ordinary shares, par value $0.0001 (the “Founder Shares”), for an aggregate price of $25,000. The Sponsor agreed to forfeit up to 825,000 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriters. On August 2, 2019, the over-allotment option was exercised in full. Accordingly, no Founder Shares were forfeited. The initial shareholders agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (i) six months after the completion of the initial Business Combination, or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property; except to certain permitted transferees and under certain circumstances (the “lock-up”). Notwithstanding the foregoing, if the closing price of Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, the Founder Shares will be released from the lock-up. Private Placement Units Simultaneously with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 681,000 Private Placement Units at a price of $10.00 per Private Placement Unit in a Private Placement. A portion of the proceeds from the Private Placement Units were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the private placement warrants underlying the Private Placement Units (the “Private Placement Warrants”) will expire worthless. The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Units (or the securities underlying the Private Placement Units) until 30 days after the completion of the initial Business Combination. Related Party Loans The Sponsor paid an aggregate of approximately $7,000 and approximately $160,000 on behalf of the Company for general and administrative expenses and offering costs, respectively. In addition, the Sponsor also loaned the Company an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to the Note. This loan was non-interest bearing and payable on completion of the Initial Public Offering. The Company fully repaid the Note and the advances to the Sponsor on August 2, 2019. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (the “Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into private placement-equivalent units at a price of $10.00 per unit. As of September 30, 2019, the Company had no Working Capital Loans. Administrative Support Agreement Commencing on the date that the securities of the Company were first listed on Nasdaq, the Company agreed to pay the Sponsor a total of $10,000 per month for office space, utilities, secretarial and administrative support services. Upon completion of the Initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company incurred approximately $20,000 in expenses in connection with such services during the three months ended September 30, 2019 and for the period from April 24, 2019 (inception) through September 30, 2019, as reflected in the accompanying unaudited condensed statements of operations. As of September 30, 2019, the Company recorded $20,000 in accrued expenses in connection with such agreement on the accompanying unaudited condensed balance sheet.

Commitments

Commitments	5 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments	Note 5 — Commitments Registration Rights The holders of Founder Shares, Private Placement Units (including the underlying securities), and securities that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights pursuant to a registration rights agreement. These holders will be entitled to certain demand and “piggyback” registration rights. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,300,000 additional Units to cover over-allotments, if any, at the Initial Public Offering price less the underwriting discounts and commissions. The underwriters fully exercised their over-allotment option on August 2, 2019. The underwriters were entitled to an underwriting discount of $0.20 per unit, or $5.06 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or up to approximately $8.9 million in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee is payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

Shareholders' Equity

Shareholders' Equity	5 Months Ended
	Sep. 30, 2019
Equity [Abstract]
Shareholders' Equity	Note 6 — Shareholders’ Equity Class A Ordinary Shares Class B Ordinary Shares Holders of the Class A ordinary shares and holders of the Class B ordinary shares will vote together as a single class on all matters submitted to a vote of the Company’s shareholders, except as required by law or stock exchange rule; provided that only holders of the Class B ordinary shares have the right to vote on the election of the Company’s directors prior to the initial Business Combination. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination on a one-for-one basis (as adjusted). In the case that additional Class A ordinary shares or equity-linked securities are issued or deemed issued in connection with the initial Business Combination, the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, 20% of the total number of Class A ordinary shares outstanding after such conversion (excluding the private placement shares underlying the private placement units and after giving effect to any redemptions of Class A ordinary shares by public shareholders), including the total number of Class A ordinary shares issued, or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent units issued to the Sponsor, officers or directors upon conversion of Working Capital Loans; provided that such conversion of Founder Shares will never occur on a less than one-for-one basis. Preferred Shares Warrants th The warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants, so long as they are held by the Sponsor or its permitted transferees, (i) will not be redeemable by the Company, (ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of the initial Business Combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants. The Company may call the Public Warrants for redemption (except with respect to the Private Placement Warrants): ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon a minimum of 30 days’ prior written notice of redemption; and ● if, and only if, the last reported closing price of the Class A ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders. If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Company’s initial shareholders or their affiliates, without taking into account any Founder Shares held by the initial shareholders or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 50% of the total equity proceeds, and interest thereon, available for the funding of the Company’s initial Business Combination, and (z) the volume weighted average trading price of Class A ordinary shares during the 10 trading day period starting on the trading day after the day on which the Company consummates the initial Business Combination (such price, the “Market Value”) is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the $18.00 per share redemption trigger will be adjusted (to the nearest cent) to be equal to 180% of the Market Value. Additionally, in no event will the Company be required to net cash settle any Warrants. If the Company is unable to complete the Initial Business Combination within the combination period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

Fair Value Measurements

Fair Value Measurements	5 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 7 — Fair Value Measurements The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities: Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis. Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active. Level 3: Unobservable inputs based on the Company’s assessment of the assumptions that market participants would use in pricing the asset or liability. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2019 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level September 30, Assets: Cash and marketable securities held in Trust Account 1 $ 253,823,324 Approximately $50,000 of the balance held in Trust Account was held in cash equivalents as of September 30, 2019.

Subsequent Events

Subsequent Events	5 Months Ended
	Sep. 30, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 8 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the financial statements were issued. Based upon this review, except as disclosed elsewhere in these condensed financial statements, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the balance sheets.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	5 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amounts of expenses during the reporting periods. Actual results could differ from those estimates.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $250,000, and cash held in the Trust Account. At September 30, 2019, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had approximately $50,000 in cash equivalents held in the Trust Account as of September 30, 2019.
Marketable Securities Held in Trust Account	Marketable Securities Held in Trust Account The Company's portfolio of marketable securities is comprised solely of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less.
Financial Instruments	Financial Instruments The fair value of the Company's assets and liabilities, which qualify as financial instruments under ASC 820, "Fair Value Measurements and Disclosures," approximates the carrying amounts represented in the balance sheet. As of September 30, 2019, the carrying values of cash and accrued expenses approximate their fair values due to the short-term nature of the instruments. The Company's portfolio of marketable securities held in the Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less.
Offering Costs Associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering and that were charged to shareholders equity upon the completion of the Initial Public Offering.
Class A Ordinary Shares Subject to Possible Redemption	Class A Ordinary Shares Subject to Possible Redemption Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.
Net Loss Per Ordinary Share	Net Loss Per Ordinary Share Net loss per share is computed by dividing net loss by the weighted-average number of ordinary shares outstanding during the period. An aggregate of 24,023,681 Class A ordinary shares subject to possible redemption was excluded from the calculation of basic loss per ordinary share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 25,981,000 shares of the Company's Class A ordinary shares in the calculation of diluted loss per share, since they are not yet exercisable. Reconciliation of net loss per ordinary share The Company's net income is adjusted for the portion of income that is attributable to Class A ordinary shares subject to redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows: For the Three Months Ended September 30, 2019 For the Period From April 24, 2019 (Inception) Through September 30, 2019 Net income $ 718,371 $ 713,066 Less: Income attributable to Class A ordinary shares subject to possible redemption (783,170 ) (783,170 ) Adjusted net loss $ (64,799 ) $ (70,104 ) Weighted average Class A ordinary shares outstanding, basic and diluted 7,314,790 6,584,160 Basic and diluted net loss per Class A ordinary share $ (0.01 ) $ (0.01 )
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. There were no unrecognized tax benefits as of September 30, 2019. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties as of September 30, 2019. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision is zero as of September 30, 2019.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company’s management does not believe that there are any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s balance sheet.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	5 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Schedule of basic and diluted loss per ordinary share	For the Three Months Ended September 30, 2019 For the Period From April 24, 2019 (Inception) Through September 30, 2019 Net income $ 718,371 $ 713,066 Less: Income attributable to Class A ordinary shares subject to possible redemption (783,170 ) (783,170 ) Adjusted net loss $ (64,799 ) $ (70,104 ) Weighted average Class A ordinary shares outstanding, basic and diluted 7,314,790 6,584,160 Basic and diluted net loss per Class A ordinary share $ (0.01 ) $ (0.01 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	5 Months Ended
	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2019 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: Description Level September 30, Assets: Cash and marketable securities held in Trust Account 1 $ 253,823,324

Description of Organization, _2

Description of Organization, Business Operations and Basis of Presentation (Details Narrative) - USD ($)	Aug. 02, 2019	Sep. 30, 2019
Issuance of units	25,300,000
Net proceeds of initial public offering and certain of private placement		$ 253,000,000
Percentage asset held in trust account		80.00%
Percentage of acquires		50.00%
Net tangible assets		$ 5,000,001
Percentage of public share restricted from redeeming		20.00%
Percentage of redeem public shares		100.00%
Interest to pay dissolution expenses		$ 100,000
Per share value of residual assets		$ 10
Description of reduce amount of fund in trust account		(i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
Operating bank accounts		$ 893,000
Working capital		1,000,000
Interest income available in trust account		823,000
Sponsor [Member] | Promissory Note [Member]
Advance from sponsor		167,000
Principal Amount		300,000
Initial Public Offering [Member]
Description of consummated initial public offering	Consummated the Initial Public Offering of 25,300,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units, the “Public Shares”)
Issuance of units	3,300,000
Over-allotment option, exercise price (in dollars per share)	$ 10
Proceeds from issuance initial public offering	$ 253,000,000
Offering costs	14,600,000
Payment for deferred underwriting commissions	$ 8,900,000
Initial Public Offering [Member] | Sponsor [Member]
Advance from sponsor		$ 25,000
Private Placement [Member]
Issuance of units	681,000
Proceeds from issuance of private placement	$ 6,810,000
Unit price (in dollars per share)	$ 10

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)		3 Months Ended	5 Months Ended
		Sep. 30, 2019	Sep. 30, 2019
Net income		$ 718,371	$ 713,066
Weighted average Class A ordinary shares outstanding, basic and diluted (in shares)	[1]	7,314,790	6,584,160
Basic and diluted net loss per Class A ordinary share (in dollars per share)		$ (0.01)	$ (0.01)
Class A Ordinary Shares [Member]
Net income		$ 718,371
Less: Income attributable to Class A ordinary shares subject to possible redemption		(783,170)
Adjusted net loss		$ (64,799)
Weighted average Class A ordinary shares outstanding, basic and diluted (in shares)		7,314,790
Basic and diluted net loss per Class A ordinary share (in dollars per share)		$ (0.01)
Class A Ordinary Shares [Member] | Inception [Member]
Net income			$ 713,066
Less: Income attributable to Class A ordinary shares subject to possible redemption			(783,170)
Adjusted net loss			$ (70,104)
Weighted average Class A ordinary shares outstanding, basic and diluted (in shares)			6,584,160
Basic and diluted net loss per Class A ordinary share (in dollars per share)			$ (0.01)
[1]	This number excludes an aggregate of up to 24,023,681 shares subject to possible redemption at September 30, 2019.

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Narrative)	3 Months Ended
	Sep. 30, 2019USD ($)shares
Federal depository insurance coverage limit	$ 250,000
Cash held in trust account	$ 50,000
Class A Ordinary Shares [Member]
Shares subject to possible redemption | shares	24,023,681
Diluted loss per share | shares	25,981,000
Tax provision	$ 0

Initial Public Offering (Detail

Initial Public Offering (Details Narrative)	Aug. 02, 2019$ / sharesshares
Number of units issued | shares	25,300,000
Warrant [Member] | Class A Ordinary Shares [Member]
Warrant exercise price | $ / shares	$ 11.50
Over-Allotment Option [Member] | Underwriters [Member]
Number of units issued | shares	3,300,000
Share issued (in dollars per shares) | $ / shares	$ 10
Description of warrant consists	Each Unit consists of one Class A ordinary share, and one redeemable warrant

Commitments (Details Narrative)

Commitments (Details Narrative) - USD ($)	Aug. 02, 2019	Sep. 30, 2019
Number of units issued	25,300,000
IPO [Member]
Number of units issued	3,300,000
Underwriting Agreement [Member] | IPO [Member]
Number of units issued		3,300,000
Underwriting discount issued		$ 0.2
Aggregate amount paid		$ 5,060,000
Defferd underwriting discount issued		$ 0.35
Deferred underwriting commissions		$ 8,900,000
Underwriting Agreement [Member] | Over-Allotment Option [Member]
Exercise date		Aug. 2, 2019

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)		Aug. 02, 2019	Apr. 30, 2019	Jun. 30, 2019		Sep. 30, 2019	Sep. 30, 2019
Number of unit issued		25,300,000
Aggregate price	[1]			$ 25,000
General and administrative expenses						$ 106,366	$ 111,671
Private Placement [Member]
Number of unit issued		681,000
IPO [Member]
Number of unit issued		3,300,000
Sponsor [Member] | Administrative Support Agreement [Member]
Monthly expenses							10,000
Expenses occurred							20,000
Accured expenses							20,000
Sponsor [Member] | Related Party Loans [Member]
Principal amount paid							7,000
General and administrative expenses							$ 160,000
Sponsor [Member] | Private Placement [Member]
Share price (in dollars per share)						$ 10	$ 10
Number of unit issued							681,000
Sponsor [Member] | Private Placement [Member] | Related Party Loans [Member]
Number of shares converted, value							$ 1,500,000
Conversion price (in dollars per share)						10	$ 10
Sponsor [Member] | IPO [Member] | Related Party Loans [Member]
Aggregate price							$ 300,000
Ordinary Shares Class B [Member]
Number of shares purchased (in shares)				6,325,000	[1]		20,000,000
Common stock par value (in dollars per share)						$ 0.0001	$ 0.0001
Aggregate price	[1]			$ 632
Ordinary Shares Class B [Member] | Sponsor [Member]
Number of shares purchased (in shares)			6,325,000
Common stock par value (in dollars per share)			$ 0.0001
Aggregate price			$ 25,000
Number of shares forfeited (in shares)			825,000
Description of closing price			The closing price of Class A ordinary shares equals or exceeds $12.00 per share for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, the Founder Shares will be released from the lock-up.
[1]	This number includes 825,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On August 2, 2019, the over-allotment option was exercised in full. Accordingly, no shares were forfeited.

Shareholders' Equity (Details N

Shareholders' Equity (Details Narrative) - $ / shares	2 Months Ended		5 Months Ended
	Jun. 30, 2019	[1]	Sep. 30, 2019
Preferred shares, authorized			1,000,000
Description of public warrants for redemption			The Company may call the Public Warrants for redemption (except with respect to the Private Placement Warrants): ● in whole and not in part; ● at a price of $0.01 per warrant; ● upon a minimum of 30 days’ prior written notice of redemption; and ● if, and only if, the last reported closing price of the Class A ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.
Description of consummates initial business combination			Below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the Market Value, and the $18.00 per share redemption trigger will be adjusted (to the nearest cent) to be equal to 180% of the Market Value.
Class A Ordinary Shares [Member]
Number of share issued			200,000,000
Common stock, par value (in dollars per share)			$ 0.0001
Common stock, outstanding			1,957,319
Shares subject to possible redemption			24,023,681
Class B Ordinary Shares [Member]
Number of share issued	6,325,000		20,000,000
Common stock, par value (in dollars per share)			$ 0.0001
Common stock, outstanding			6,325,000
Class B Ordinary Shares [Member] | Over-Allotment Option [Member]
Number of shares subject to forfeiture			825,000
Class B Ordinary Shares [Member] | Initial Shareholders [Member]
Ownership percentage			20.00%
[1]	This number includes 825,000 shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. On August 2, 2019, the over-allotment option was exercised in full. Accordingly, no shares were forfeited.

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Level 1 [Member]	Sep. 30, 2019USD ($)
Assets:
Cash and marketable securities held in Trust Account	$ 253,823,324
Fair Value, Recurring [Member]
Assets:
Cash and marketable securities held in Trust Account	$ 1

Fair Value Measurements (Deta_2

Fair Value Measurements (Details Narrative)	Sep. 30, 2019USD ($)
Level 1 [Member]
Cash equivalents	$ 50,000