| Summarizes the effect of the correction on each financial statement line item |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
|
|
Previously
|
|
|
|
|
As
|
|
|
|
Reported
|
|
Adjustments
|
|
Revised
|
|
Balance sheet as of October 27, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
$
|
—
|
|
$
|
17,600,000
|
|
$
|
17,600,000
|
|
Total Liabilities
|
|
|
9,979,556
|
|
|
17,600,000
|
|
|
27,579,556
|
|
Ordinary Shares Subject to Possible Redemption
|
|
|
189,953,340
|
|
|
(17,600,000)
|
|
|
172,353,340
|
|
Class A Ordinary Shares
|
|
|
100
|
|
|
176
|
|
|
276
|
|
Additional Paid-in Capital
|
|
|
5,045,914
|
|
|
1,129,643
|
|
|
6,175,557
|
|
Accumulated Deficit
|
|
|
(46,579)
|
|
|
(1,129,643)
|
|
|
(1,176,398)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
|
|
Previously
|
|
|
|
|
As
|
|
|
|
Reported
|
|
Adjustments
|
|
Restated
|
|
Balance sheet as of December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
Warrant Liabilities
|
|
$
|
—
|
|
$
|
24,945,850
|
|
$
|
24,945,850
|
|
Total Liabilities
|
|
|
7,539,900
|
|
|
24,945,850
|
|
|
32,485,750
|
|
Ordinary Shares Subject to Possible Redemption
|
|
|
204,477,211
|
|
|
(24,945,841)
|
|
|
179,531,370
|
|
Class A Ordinary Shares
|
|
|
108
|
|
|
249
|
|
|
357
|
|
Additional Paid-in Capital
|
|
|
5,238,322
|
|
|
7,381,477
|
|
|
12,619,799
|
|
Accumulated Deficit
|
|
|
(238,958)
|
|
|
(7,381,735)
|
|
|
(7,620,693)
|
|
Shareholders’ Equity
|
|
|
5,000,010
|
|
|
(9)
|
|
|
5,000,001
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period from August 20, 2020 (inception) to December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liabilities
|
|
$
|
—
|
|
$
|
(6,207,183)
|
|
$
|
(6,207,183)
|
|
Transaction Costs – warrant liabilities
|
|
|
—
|
|
|
(720,885)
|
|
|
(720,885)
|
|
Compensation expense - Private Warrants
|
|
|
—
|
|
|
(453,667)
|
|
|
(453,667)
|
|
Formation and operating costs
|
|
|
(264,690)
|
|
|
(1,174,552)
|
|
|
(1,439,242)
|
|
Net loss
|
|
|
(238,958)
|
|
|
(7,381,735)
|
|
|
(7,620,693)
|
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
20,172,634
|
|
|
(1,851,093)
|
|
|
18,321,541
|
|
Weighted average shares outstanding, basic and diluted Basic and diluted weighted average shares outstanding Non-redeemable common stock
|
|
|
5,744,947
|
|
|
1,019,670
|
|
|
6,764,617
|
|
Basic and diluted net loss per non-redeemable common share
|
|
|
(0.05)
|
|
|
(1.08)
|
|
|
(1.13)
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
Previously
|
|
|
|
As
|
|
|
|
Reported
|
|
Adjustments
|
|
Restated
|
|
Statement of Cash Flows for the period from August 20, 2020 (inception) through December 31, 2020 (audited)
|
|
|
|
|
|
|
|
Net loss
|
|
(238,958)
|
|
(7,381,735)
|
|
(7,620,693)
|
|
Change in fair value of warrant liabilities
|
|
—
|
|
6,207,183
|
|
6,207,183
|
|
Allocation of IPO costs to warrant liabilities
|
|
—
|
|
720,885
|
|
720,885
|
|
Compensation expense - Private Warrants
|
|
—
|
|
453,667
|
|
453,667
|
|
Initial classification of Class A Ordinary Shares subject to possible redemption
|
|
204,669,590
|
|
(18,738,660)
|
|
185,930,930
|
|
Change in value of Class A Ordinary Shares subject to possible redemption
|
|
(192,379)
|
|
(6,207,181)
|
|
(6,399,560)
|
|
Initial classification of warrant liabilities
|
|
—
|
|
18,738,667
|
|
18,738,667
|
|