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Restatement of Previously Issued Financial Statements (Tables)

7 Months Ended

Dec. 31, 2020

CIK0001816090 FTAC Olympus Acquisition Corp.

Schedule of the restatement on each financial statement

	As
	Previously						As
	Reported			Adjustments			Restated

Balance sheet as of August 28, 2020 (audited)
Warrant Liabilities	$	-		$	42,957,966		$	42,957,966
Total Liabilities		30,038,556			42,957,966			72,996,522
Class A Ordinary Shares Subject to Possible Redemption		721,047,750			(42,957,966	)		678,089,784
Class A Ordinary Shares		507			429			936
Additional Paid-in Capital		5,002,305			2,540,939			7,543,244
Accumulated Deficit		(5,015	)		(2,541,368	)		(2,546,383	)
Shareholders’ Equity		5,000,008			-			5,000,008
Number of shares subject to redemption		72,104,775			(4,295,797	)		67,808,978

Balance sheet as of September 30, 2020 (unaudited)
Warrant Liabilities	$	-		$	43,739,664		$	43,739,664
Total Liabilities		30,306,708		$	43,739,664			74,046,372
Class A Ordinary Shares Subject to Possible Redemption		725,421,970			(43,739,664	)		681,682,306
Class A Ordinary Shares		510			437			947
Additional Paid-in Capital		5,087,486			(3,058,560	)		8,146,046
Accumulated Deficit		(89,928	)		(3,058,997	)		(3,148,925	)
Shareholders’ Equity		5,000,009			-			5,000,009
Number of shares subject to redemption		72,542,197			(4,373,966	)		68,168,231

Balance sheet as of December 31, 2020 (audited)
Warrant Liabilities	$	-		$	49,174,771		$	49,174,771
Total Liabilities		30,404,648			49,174,771			79,579,419
Class A Ordinary Shares Subject to Possible Redemption		724,852,470			(49,174,771	)		675,677,699
Class A Ordinary Shares		516			492			1,008
Additional Paid-in Capital		5,656,980			8,493,612			14,150,592
Accumulated Deficit		(659,436	)		(8,494,104	)		(9,153,540	)
Shareholders’ Equity		5,000,001			-			5,000,001
Number of shares subject to redemption		72,485,247			(4,917,477	)		67,567,770

Three Months Ended September 30, 2020 (unaudited)
Change in fair value of warrant liabilities		-			(517,629	)		(517,629	)
Offering costs associated with warrants recorded as liabilities		-			(2,541,368	)		(2,541,368	)
Net loss		(84,913	)		(3,058,997	)		(3,143,910	)
Weighted average shares outstanding of Class A redeemable ordinary shares		75,115,000			-			75,115,000
Basic and diluted net loss per share, Class A redeemable ordinary shares		0.00			0.00			0.00
Weighted average shares outstanding of Class A and B non-redeemable ordinary shares		20,089,849			-			20,089,849
Basic and diluted net loss per share, Class A and Class B non-redeemable ordinary shares		(0.00	)		(0.16	)		(0.16	)

Period from June 2, 2020 (inception) to September 30, 2020 (unaudited)
Change in fair value of warrant liabilities		-			(517,629	)		(517,629	)
Offering costs associated with warrants recorded as liabilities		-			(2,541,368	)		(2,541,368	)
Net loss		(89,928	)		(3,058,997	)		(3,148,925	)
Weighted average shares outstanding of Class A redeemable ordinary shares		75,115,000			-			75,115,000
Basic and diluted net loss per share, Class A redeemable ordinary shares		0.00			0.00			0.00
Weighted average shares outstanding of Class A and B non-redeemable ordinary shares		19,897,156			-			19,897,156
Basic and diluted net loss per share, Class A and Class B non-redeemable ordinary shares		(0.00	)		(0.16	)		(0.16	)

Period from June 2, 2020 (inception) to December 31, 2020 (audited)
Change in fair value of warrant liabilities		-			(5,952,736	)		(5,952,736	)
Offering costs associated with warrants recorded as liabilities		-			(2,541,368	)		(2,541,368	)
Net loss		(659,436	)		(8,494,104	)		(9,153,540	)
Weighted average shares outstanding of Class A redeemable ordinary shares		75,376,489			-			75,376,489
Basic and diluted net loss per share, Class A redeemable ordinary shares		0.00			0.00			0.00
Weighted average shares outstanding of Class A and B non-redeemable ordinary shares		20,766,410			-			20,766,410
Basic and diluted net loss per share, Class A and Class B non-redeemable ordinary shares		(0.03	)		(0.41	)		(0.44	)

Cash Flow Statement for the period ended September 30, 2020 (unaudited)
Net loss		(89,928	)		(3,058,997	)		(3,148,925	)
Change in fair value of warrant liabilities		-			517,629			517,629
Transaction costs allocable to warrant liabilities		-			2,541,368			2,541,368
Initial value of Class A ordinary shares subject to possible redemption		725,506,890			(43,222,035	)		682,284,855
Change in value of Class A ordinary shares subject to possible redemption		(84,920	)		-			(84,920	)

Cash Flow Statement for the period ended December 31, 2020 (audited)
Net loss		(659,436	)		(8,494,104	)		(9,153,540	)
Change in fair value of warrant liabilities		-			5,952,736			5,952,736
Transaction costs allocable to warrant liabilities		-			2,541,368			2,541,368
Initial value of Class A ordinary shares subject to possible redemption		725,506,890			(43,222,035	)		682,284,855
Change in value of Class A ordinary shares subject to possible redemption		(654,420	)		(5,952,736	)		(6,607,156	)