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Restatement of Previously Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Summary of Effect of the Restatement on Financial Statement Line Items

The following table summarizes the effect of the restatement on each financial statement line items as of December 31, 2020, or for the year ended December 31, 2020, as indicated:

		December 31, 2020
		As Previously Reported				Adjustments				As Restated
Balance Sheet:
Derivative liabilities		$	—			$	59,536,667			$	59,536,667
Total current liabilities			533,908				59,536,667				60,070,575
Total liabilities			16,283,908				59,536,667				75,820,575
Redeemable Equity			429,534,010				20,471,927				450,005,937
Class A ordinary shares			205				(205	)			—
Additional paid-in capital			5,644,534				(5,644,534	)			—
Accumulated deficit			(645,860	)			(74,363,855	)			(75,009,715	)
Total shareholders’ (deficit) equity			5,000,004				(80,008,594	)			(75,008,590	)

		For the Year Ended December 31, 2020
		As Previously Reported				Adjustments				As Restated
Statement of Operations:
Professional fees, offering costs and other expenses		$	643,303			$	752,751			$	1,396,054
Change in fair value of derivatives			—				31,926,667				31,926,667
Loss from operations			(643,303	)			(32,679,418	)			(33,322,721	)
Net loss attributable to ordinary shares			(637,366	)			(32,679,418	)			(33,316,784	)
Basic and diluted net loss per Class A ordinary share			—				(2.58	)			(2.58	)
Basic and diluted net loss per Class F ordinary share			—				(0.37	)			(0.37	)
Statement of Cash Flows:
Net loss attributable to ordinary shares		$	(637,366	)		$	(32,679,418	)		$	(33,316,784	)
Change in accrued professional fees and other expenses			440,322				752,751				1,193,073
Change in fair value of derivatives			—				31,926,667				31,926,667

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- References

No definition available.

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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
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

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