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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

4 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of correction of error in previously issued financial statements

		As of
		December 31, 2020
		As Reported			As Restated			Difference
Balance Sheet
Derivative warrant liabilities		$	—		$	33,660,000		$	33,660,000
Total Liabilities			8,099,934			41,759,934			33,660,000
Class A ordinary shares subject to possible redemption			221,345,469			187,685,474			(33,659,995)
Class A ordinary shares, $0.0001 par value			108			442			334
Additional paid-in capital			5,111,494			17,970,408			12,858,914
Accumulated deficit			(112,171)			(12,971,424)			(12,859,253)
Total Shareholders' Equity			5,000,001			5,000,001			—

		For the Period from August 20, 2020
		Through December 31, 2020
		As Reported			As Restated			Difference
Statements of Operations
Change in value of derivative warrant liabilities		$	—		$	(12,110,000)		$	(12,110,000)
Offering costs allocated to derivative warrant liabilities			—			(749,253)			(749,253)
Net loss		$	(112,171)		$	(12,971,424)		$	(12,859,253)
Per Share Data:
Basic and diluted income (loss) per share, Class A		$	—		$	—		$	—
Basic and diluted net less per share, Class B		$	(0.02)		$	(2.50)		$	(2.48)

Schedule of basic and diluted net income (loss) per common share

		FOR THE PERIOD FROM
		AUGUST 20, 2020 (Inception)
		THROUGH DECEMBER 31,
		2020
Redemable Class A Ordinary Shares
Numerator: Earnings allocable to Redeemable Class A Ordinary Shares
Interest Income		$	1,973
Income and Franchise Tax			—
Net Earnings		$	1,973
Denominator: Weighted Average Redeemable class A Ordinary Shares
Redeemable Class A Common Stock, Basic and Diluted			23,000,000
Earnings/Basic and Diluted Redeemable Class A Ordinary Shares		$	0.00
Non-Redeemable Class B Ordinary Shares
Numerator: Net Loss minus Redeemable Net Earnings
Net Loss		$	(12,971,424)
Redeemable Net Earnings			(1,973)
Non-Redeemable Net Loss		$	(12,973,397)
Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares
Non-Redeemable Class B Ordinary Shares, Basic and Diluted			5,194,656
Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares		$	(2.50)

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- References

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
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