| Summary of revision on the Company's financial statements |
The impact of the restatement on the Company’s financial statements is reflected in the following table .
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Balance Sheet as of March 31, 2021 (unaudited) |
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Class A Ordinary Shares Subject to Possible Redemption |
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$ |
367,155,330 |
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35,344,670 |
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402,500,000 |
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Class A Ordinary Shares |
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354 |
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(354 |
) |
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Additional Paid-in Capital |
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— |
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— |
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— |
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(Accumulated Deficit) Retained Earnings |
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4,998,647 |
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(35,344,316 |
) |
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(30,345,669 |
) |
Balance S heet as of June 30, 2021 (unaudited) |
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Class A Ordinary Shares Subject to Possible Redemption |
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$ |
362,088,200 |
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$ |
40,411,800 |
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$ |
402,500,000 |
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Class A Ordinary Shares |
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405 |
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(405 |
) |
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— |
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Additional Paid-in Capital |
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2,336,837 |
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(2,336,837 |
) |
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— |
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(Accumulated Deficit) Retained Earnings |
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2,261,761 |
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(38,074,558 |
) |
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(35,412,797 |
) |
Balance S heet as of September 30, 2021 (unaudited) |
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Other Derivative Instruments |
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$ |
— |
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$ |
(5,048,594 |
) |
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$ |
(5,048,594 |
) |
Accumulated Deficit |
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(40,951,977 |
) |
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(5,048,594 |
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(46,000,571 |
) |
Statement of Operations for the Three Months Ended March 31, 2021 |
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Basic and Diluted Net Income Per Class A Ordinary Share |
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— |
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Basic and Diluted Net Income Per Class B Ordinary Share |
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Statement of Operations for the Three Months Ended June 30, 2021 |
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Basic and Diluted Net Income Per Class A Ordinary Share |
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— |
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Basic and Diluted Net Income Per Class B Ordinary Share |
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Statement of Operations for the Six Months Ended June 30, 2021 |
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Basic and Diluted Net Income Per Class A Ordinary Share |
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— |
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Basic and Diluted Net Income Per Class B Ordinary Share |
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Statement of Operations for the Three Months Ended September 30, 2021 (unaudited) |
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Change in Fair Value of Other Derivative Instruments |
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$ |
— |
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$ |
(5,048,594 |
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$ |
(5,048,594 |
) |
Total other income (expense) |
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(5,023,035 |
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(5,048,594 |
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(10,071,629 |
) |
Net (loss) income |
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(5,539,180 |
) |
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(5,048,594 |
) |
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(10,587,774 |
) |
Basic and Diluted Net Income Per Class A Ordinary Share |
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$ |
(0.11 |
)
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$ |
(0.10 |
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$ |
(0.21 |
) |
Basic and Diluted Net Income Per Class B Ordinary Share |
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Statement of Operations for the Nine Months Ended September 30, 2021 (unaudited) |
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Change in Fair Value of Other Derivative Instruments |
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$ |
— |
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$ |
(5,048,594 |
) |
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$ |
(5,048,594 |
) |
Total other income (expense) |
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3,437,960 |
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(5,048,594 |
) |
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(1,610,634 |
) |
Net (loss) income |
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1,991,985 |
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(5,048,594 |
) |
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(3,056,609 |
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Basic and Diluted Net Income Per Cl a ss A Ordinary Share |
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$ |
0.04 |
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$ |
(0.10 |
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$ |
(0.06 |
) |
Basic and Diluted Net Income Per Class B Ordinary Share |
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Statement of Cash Flows for the Three Months Ended March 31,
2021 (unaudited) |
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Change in value of Class A ordinary shares subject to possible redemption |
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Statement of Cash Flows for the Six Months Ended June 30, 2021
(unaudited) |
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Change in value of Class A ordinary shares subject to possible redemption |
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Statement of Cash Flows for the Nine Months Ended September 30, 2021 (unaudited) |
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Net (loss) income |
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$ |
1,991,985 |
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$ |
(5,048,594 |
) |
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$ |
(3,056,609 |
) |
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