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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
4 Months Ended
Dec. 31, 2020
Text Block [Abstract]  
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