Annual report pursuant to Section 13 and 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

v3.21.1
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
4 Months Ended
Dec. 31, 2020
Restatement Of Previously Issued Financial Statements [Abstract]  
Disclosure Of Restatements Of Certain Amounts In The Financial Statements
The Company’s accounting for the warrants as components of equity instead of as derivative liabilities did not have any effect on the Company’s previously reported operating expenses, cash flows or cash.
 
    
As

Previously
Reported
    
Adjustments
    
As

Restated
 
Balance sheet as of October 27, 2020 (audited)
                          
Warrant Liability
   $ —        $ 29,954,941      $ 29,954,941  
Ordinary Shares Subject to Possible Redemption
     237,680,710        (29,954,941      207,725,769  
Class A Ordinary Shares
     123        300        423  
Additional Paid-in Capital
     5,004,160        (300      5,003,860  
Balance sheet as of December 31, 2020 (audited)
                          
Warrant Liability
   $ —        $ 34,974,813      $ 34,974,813  
Ordinary Shares Subject to Possible Redemption
     261,549,080        (34,974,813      226,574,260  
Class A Ordinary Shares
     135        349        484  
Additional Paid-in Capital
     5,260,809        5,019,530        10,280,339  
Accumulated Deficit
     (261,631      (5,019,872 )      (5,281,503 )
Shareholders’ Equity
     5,000,001        7        5,000,008  
Period from August 20, 2020 (inception) to December 31, 2020 (audited)
                          
Change in fair value of warrant liability
   $ —        $ (5,019,872 )    $ (5,019,872 )
Net loss
     (261,631      (5,019,872 )      (5,281,503
Basic and diluted net loss per share, Class B
     (0.05      (0.77 )      (0.82