Annual report pursuant to Section 13 and 15(d)

Initial Public Offering

v3.21.1
Initial Public Offering
4 Months Ended
Dec. 31, 2020
Initial Public Offering [Abstract]  
Initial Public Offering
Note 3—Initial Public Offering
On November 23, 2020, the Company consummated its Initial Public Offering of 35,000,000 Units, at an offering price of $10.00 per Unit, generating gross proceeds of $350.0 million, and incurring offering costs of approximately $20.2 million, inclusive of approximately $12.3 million in deferred underwriting commissions. On November 24, 2020, the Underwriters fully exercised the Over-Allotment Option to purchase an additional 5,250,000 Units. On November 27, 2020, the Company completed the sale of the Over-Allotment Units to the Underwriters, generating gross proceeds of approximately $52.5 million, and incurring additional offering costs of approximately $2.9 million in underwriting fees (inclusive of approximately $1.8 million in deferred underwriting commissions).
Each Unit consists of one Class A ordinary share and
one-third
of one redeemable warrant. Each whole warrant entitles the holder to purchase
one
Class A ordinary share at a price of $
11.50
per share, subject to adjustment (see Note 6).