Annual report pursuant to Section 13 and 15(d)

Revision of Previously Issued Financial Statements (Tables)

v3.21.2
Revision of Previously Issued Financial Statements (Tables)
4 Months Ended
Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract]  
Summary of restatement on the Company's financial statements
The impact of the restatement on the audited consolidated balance sheets for the Affected Periods is presented below.
 
    
As Previously 
Reported
    
Adjustments
    
As Restated
 
Balance Sheet as of November 23, 2020
                          
Class A Ordinary Shares Subject to Possible Redemption
   $ 311,162,720      $ 38,837,280      $ 350,000,000  
Class A Ordinary Shares
     388        (388      —    
Additional
Paid-in
Capital
     5,027,744        (5,027,744      —    
Accumulated Deficit
     (29,132      (33,809,148      (33,838,280
Total Shareholders’ Equity (Deficit)
  
$
5,000,006     
$
(38,837,280   
$
(33,837,274
Balance Sheet as of November 27, 2020 (unaudited)

 
 
 
 
 
 
 
 
 
 
 
 
Class A Ordinary Shares Subject to Possible Redemption

 
$
358,591,220 
 
 
$
43,908,780
 
 
$
402,500,000
 
Class A Ordinary Shares

 
 
438
 
 
 
(438

)
 
 
 
Additional Paid-in Capital

 
 
5,027,694
 
 
 
(5,027,694
)
 
 
 
Accumulated Deficit

 
 
(29,132
)

 
 
 (38,880,648
)
 
 
(38,909,780
)
 
Total Shareholders' Equity (Deficit)

 
$
5,000,006
 
 
$
 (43,908,780
)
 
 
$
(38,908,774
)
 
Balance Sheet as of December 31, 2020
                          
Class A Ordinary Shares Subject to Possible Redemption
  
$
354,627,720     
$
47,872,280     
$
402,500,000  
Class A Ordinary Shares
     479        (479      —    
Additional
Paid-in
Capital
     9,867,922        (9,867,922      —    
Accumulated Deficit
     (4,869,404      (38,003,879      (42,873,283
Total Shareholders’ Equity (Deficit)
  
$
5,000,003     
$
(47,872,280   
$
(42,872,277
Statement of Operations for the period from September 7, 2020 (inception) through December 31, 2020
                          
Weighted Average Shares Outstanding
o
f Class A Ordinary Shares
     39,697,368        —          39,697,368  
Basic and Diluted Net Income
p
er Class A Ordinary Share
   $ —        $ (0.10 )    $ (0.10 )
Weighted Average Shares Outstanding
o
f Class B Ordinary Shares
     9,148,438        —          9,148,438  
Basic and Diluted Net Income
p
er Class B Ordinary Share
   $ 0.53      $ (0.63    $ (0.10 )
Statement of Cash Flows for the period from
September 7, 2020 (inception) through December
 
31,
2020

                          
Value of Class A Ordinary Shares Subject to Possible Redemption
   $ 354,627,720      $ 47,872,280      $ 402,500,000