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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables) | 3 Months Ended
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Dec. 31, 2020
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS |
Schedule of impact of restatement on the balance sheets and statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, 2020
​ | ​ | As Previously | ​ | Restatement | ​ | ​ | ​
​ |  | Reported |  | Adjustment |  | As Restated
Balance Sheet |  | ​ |  |  | ​ |  |  | ​ |
Total assets | ​ | $ | 416,346,780 | ​ | $ | — | ​ | $ | 416,346,780
Liabilities and Shareholders’ equity | ​ |  |  | ​ |  |  | ​ |  |
Total current liabilities | ​ | $ | 416,521 | ​ | $ | — | ​ | $ | 416,521
Deferred underwriting commissions | ​ |  | 14,490,000 | ​ |  | — | ​ |  | 14,490,000
Derivative liabilities | ​ |  | — | ​ |  | 40,532,280 | ​ |  | 40,532,280
Total liabilities | ​ |  | 14,906,521 | ​ |  | 40,532,280 | ​ |  | 55,438,801
Class A ordinary shares, $0.0001 par value; shares subject to possible redemption | ​ |  | 396,440,250 | ​ |  | (40,532,280) | ​ |  | 355,907,970
Shareholders’ equity | ​ |  |  | ​ |  |  | ​ |  |
Preference shares - $0.0001 par value | ​ |  | — | ​ |  | — | ​ |  | —
Class A ordinary shares - $0.0001 par value | ​ |  | 176 | ​ |  | 405 | ​ |  | 581
Class B ordinary shares - $0.0001 par value | ​ |  | 1,035 | ​ |  | — | ​ |  | 1,035
Additional paid-in-capital | ​ |  | 5,013,277 | ​ |  | 11,784,745 | ​ |  | 16,798,022
Accumulated deficit | ​ |  | (14,479) | ​ |  | (11,785,150) | ​ |  | (11,799,629)
Total shareholders’ equity | ​ |  | 5,000,009 | ​ |  | — | ​ |  | 5,000,009
Total liabilities and shareholders’ equity | ​ | $ | 416,346,780 | ​ | $ | — | ​ | $ | 416,346,780
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Period From September 28, 2020 (Inception) Through December 31, 2020
​ | ​ | As Previously | ​ | Restatement | ​ | ​ | ​
​ |  | Reported |  | Adjustment |  | As Restated
Statement of Operations |  | ​ |  |  | ​ |  |  | ​ |
Loss from operations | ​ | $ | (35,004) | ​ | $ | (35,004) |  | ​ |
Other (expense) income: | ​ |  |  | ​ |  |  |  | ​ |
Change in fair value of derivative liabilities | ​ |  | — | ​ |  | (10,659,080) |  | ​ | (10,659,080)
Transaction costs - derivative liabilities | ​ |  | — | ​ |  | (1,126,070) |  | ​ | (1,126,070)
Net gain from investments held in Trust Account | ​ |  | 20,525 | ​ |  | — |  | ​ | 20,525
Total other (expense) income | ​ |  | 20,525 | ​ |  | (11,785,150) |  | ​ | (11,764,625)
Net loss | ​ | $ | (14,479) | ​ | $ | (11,785,150) | ​ | $ | (11,799,629)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Basic and Diluted weighted-average Class A ordinary common stock | ​ |  | 41,400,000 | ​ |  | — | ​ |  | 41,400,000
Basic and Diluted net loss per Class A share | ​ | $ | 0.00 | ​ |  | — | ​ | $ | 0.00
Basic and Diluted weighted-average Class B ordinary common stock | ​ |  | 10,350,000 | ​ |  | — | ​ |  | 10,350,000
Basic and Diluted net loss per Class B share | ​ | $ | (0.00) | ​ |  | (1.14) | ​ | $ | (1.14)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 15, 2020
​ | ​ | As Previously | ​ | Restatement | ​ | ​ | ​
​ |  | Reported |  | Adjustment |  | As Restated
Balance Sheet |  | ​ |  |  | ​ |  |  | ​ |
Total assets | ​ | $ | 416,788,700 | ​ | $ | — | ​ | $ | 416,788,700
Liabilities and Shareholders’ equity | ​ |  |  | ​ |  |  | ​ |  |
Total current liabilities | ​ | $ | 762,402 | ​ | $ | — | ​ | $ | 762,402
Deferred underwriting fee payable | ​ |  | 14,490,000 | ​ |  | — | ​ |  | 14,490,000
Derivative liabilities | ​ |  | — | ​ |  | 29,873,200 | ​ |  | 29,873,200
Total liabilities | ​ |  | 15,252,402 | ​ |  | 29,873,200 | ​ |  | 45,125,602
Class A ordinary shares, $0.0001 par value; shares subject to possible redemption | ​ |  | 396,536,290 | ​ |  | (29,873,200) | ​ |  | 366,663,090
Shareholders’ equity | ​ |  |  | ​ |  |  | ​ |  |
Preference shares - $0.0001 par value | ​ |  | — | ​ |  | — | ​ |  | —
Class A ordinary shares - $0.0001 par value | ​ |  | 175 | ​ |  | 298 | ​ |  | 473
Class B ordinary shares - $0.0001 par value | ​ |  | 1,035 | ​ |  | — | ​ |  | 1,035
Additional paid-in-capital | ​ |  | 5,003,798 | ​ |  | 1,125,772 | ​ |  | 6,129,570
Accumulated deficit | ​ |  | (5,000) | ​ |  | (1,126,070) | ​ |  | (1,131,070)
Total shareholders’ equity | ​ |  | 5,000,008 | ​ |  | — | ​ |  | 5,000,008
Total liabilities and shareholders’ equity | ​ | $ | 416,788,700 | ​ | $ | — | ​ | $ | 416,788,700

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