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Organizational Structure and Corporate Information (Tables)
 6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Summary of Restatement of Previously Issued Financial Statements

 

 

As of December 31, 2020

 

 

As of June 30, 2020 (Unaudited)

 

 

 

As Reported

 

 

Adjustments

 

 

As Restated

 

 

As Reported

 

 

Adjustments

 

 

As Restated

 

Consolidated Balance Sheets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

38,062,930

 

 

$

38,062,930

 

Total noncurrent liabilities

 

 

488,360,392

 

 

 

—

 

 

 

488,360,392

 

 

 

363,159,756

 

 

 

38,062,930

 

 

 

401,222,686

 

Total liabilities

 

 

553,796,069

 

 

 

—

 

 

 

553,796,069

 

 

 

422,492,654

 

 

 

38,062,930

 

 

 

460,555,584

 

Additional paid-in capital

 

 

604,391,167

 

 

 

87,283,905

 

 

 

691,675,072

 

 

 

474,608,423

 

 

 

51,961,378

 

 

 

526,569,801

 

Accumulated deficit

 

 

(88,647,808

)

 

 

(87,283,905

)

 

 

(175,931,713

)

 

 

(69,938,145

)

 

 

(90,024,308

)

 

 

(159,962,453

)

Total stockholders' equity

 

 

509,313,721

 

 

 

—

 

 

 

509,313,721

 

 

 

397,793,240

 

 

 

(38,062,930

)

 

 

359,730,310

 

 

 

 

For the three months ended June 30, 2020

 

 

For the six months ended June 30, 2020

 

 

 

As Reported

 

 

Adjustments

 

 

As Restated

 

 

As Reported

 

 

Adjustments

 

 

As Restated

 

Unaudited Consolidated Statements of Operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Change in fair value of warrant liabilities

 

$

—

 

 

$

(66,669,522

)

 

$

(66,669,522

)

 

$

—

 

 

$

(73,567,617

)

 

$

(73,567,617

)

Total other (expense) income

 

 

(13,737,414

)

 

 

(66,669,522

)

 

 

(80,406,936

)

 

 

(17,758,114

)

 

 

(73,567,617

)

 

 

(91,325,731

)

(Loss) income before income tax expense

 

 

(20,427,326

)

 

 

(66,669,522

)

 

 

(87,096,848

)

 

 

(27,827,361

)

 

 

(73,567,617

)

 

 

(101,394,978

)

Net (loss) income

 

 

(16,530,700

)

 

 

(66,669,522

)

 

 

(83,200,222

)

 

 

(22,815,143

)

 

 

(73,567,617

)

 

 

(96,382,760

)

Net (loss) income attributable to the Company

 

 

(12,627,641

)

 

 

(66,669,522

)

 

 

(79,297,163

)

 

 

(16,059,685

)

 

 

(73,567,617

)

 

 

(89,627,302

)

Loss per Class A share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted

 

$

(0.30

)

 

 

 

 

 

$

(1.90

)

 

$

(0.40

)

 

 

 

 

 

$

(2.26

)

      

 

 

For the six months ended June 30, 2020

 

 

 

As Reported

 

 

Adjustments

 

 

As Restated

 

Unaudited Consolidated Statements of Cash Flows

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(22,815,143

)

 

$

(73,567,617

)

 

$

(96,382,760

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities

 

 

32,232,902

 

 

 

73,567,617

 

 

 

105,800,519

 

Net cash provided by operating activities

 

 

9,417,759

 

 

 

—

 

 

 

9,417,759

 

Net cash used in investing activities

 

 

(43,728,473

)

 

 

—

 

 

 

(43,728,473

)

Net cash provided by financing activities

 

 

176,118,827

 

 

 

—

 

 

 

176,118,827

 

 

The restatement had no impact on the Company’s liquidity or cash position.