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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables) | 4 Months Ended
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Dec. 31, 2020
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Schedule of Restatement of Previously Issued Financial Statements | The following table summarizes the effect of the restatement on each financial statement line item impacted by the restatement and on the number of Class A ordinary shares subject to redemption.
|  | As Previously Reported |  |  | Adjustments |  |  | As Restated |
Balance sheet as of October 9, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | — |  |  |  | 13,400,000 |  |  |  | 13,400,000 |
Forward purchase agreement liability |  |  | — |  |  |  | 50,000 |  |  |  | 50,000 |
Total Liabilities |  | $ | 8,755,508 |  |  | $ | 13,450,000 |  |  | $ | 22,205,508 |
Class A Ordinary Shares Subject to Possible Redemption |  |  | 237,804,830 |  |  |  | (13,450,000 | ) |  |  | 224,354,830 |
Class A Ordinary Shares |  |  | 122 |  |  |  | 134 |  |  |  | 256 |
Additional Paid-in Capital |  |  | 5,004,166 |  |  |  | 532,751 |  |  |  | 5,536,917 |
Accumulated Deficit |  |  | (5,003 | ) |  |  | (532,885 | ) |  |  | (537,888 | )
Total Shareholders’ Equity |  |  | 5,000,004 |  |  |  | — |  |  |  | 5,000,004 |
Number of Class A ordinary shares subject to redemption |  |  | 23,780,483 |  |  |  | (1,345,000 | ) |  |  | 22,435,483 |
Balance sheet as of December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | — |  |  |  | 15,090,000 |  |  |  | 15,090,000 |
Forward purchase agreement liability |  |  | — |  |  |  | 2,050,000 |  |  |  | 2,050,000 |
Total Liabilities |  | $ | 8,923,873 |  |  | $ | 17,140,000 |  |  | $ | 26,063,873 |
Ordinary Shares Subject to Possible Redemption |  |  | 237,588,818 |  |  |  | (17,139,998 | ) |  |  | 220,448,820 |
Class A Ordinary Shares |  |  | 125 |  |  |  | 171 |  |  |  | 296 |
Additional Paid-in Capital |  |  | 5,220,269 |  |  |  | 4,222,712 |  |  |  | 9,442,981 |
Accumulated Deficit |  |  | (221,009 | ) |  |  | (4,222,885 | ) |  |  | (4,443,894 | )
Shareholders’ Equity |  |  | 5,000,010 |  |  |  | (2 | ) |  |  | 5,000,008 |
Number of Class A ordinary shares subject to redemption |  |  | 23,753,855 |  |  |  | (1,713,637 | ) |  |  | 22,040,218 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |
Period from August 19, 2020 (inception) to December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (221,009 | ) |  | $ | (4,222,885 | ) |  | $ | (4,443,894 | )
Weighted average shares subject to possible redemption |  |  | 23,780,483 |  |  |  | (1,740,265 | ) |  |  | 22,040,218 |
Weighted average shares outstanding of basic and diluted shares |  |  | 7,011,052 |  |  |  | 839,361 |  |  |  | 7,850,413 |
Basic and diluted net loss per ordinary share |  |  | (0.04 | ) |  |  |  |  |  |  | (0.58 | )
Cash Flow Statement for the Period from August 19, 2020 (inception) to December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (221,009 | ) |  | $ | (4,222,885 | ) |  | $ | (4,443,894 | )
Change in warrant liability |  |  | — |  |  |  | 3,740,000 |  |  |  | 3,740,000 |
Allocation of initial public offering costs |  |  | — |  |  |  | 482,885 |  |  |  | 482,885 |
Initial classification of warrant liability |  |  | — |  |  |  | 13,450,000 |  |  |  | 13,450,000 |
Initial classification of common stock subject to possible redemption |  |  | 237,804,830 |  |  |  | (13,450,000 | ) |  |  | 224,354,830 |
Change in value of common stock subject to possible redemption |  |  | (216,012 | ) |  |  | (3,690,000 | ) |  |  | (3,906,012 | )

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