NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to the date that the condensed consolidated financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed consolidated financial statements.

In October 2019, the Sponsor committed to provide an aggregate of $875,000 in loans to the Company to finance transaction costs in connection with a Business Combination. This commitment replaced the previous commitment of $500,000 entered into in August 2019. Such loans, to the extent advanced, will be evidenced by a promissory note, will be non-interest bearing, unsecured and will only be repaid upon the completion of a Business Combination. Up to $500,000 of such loans may also be convertible into private warrants at a purchase price of $0.40 per private warrant. The private warrants would be identical to the Private Placement Warrants.