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v3.21.2

Restatement of Previously Issued Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2021
Accounting Changes and Error Corrections [Abstract] |
Schedule of Impact of Restatement on Financial Statements | The impact of the restatement on the balance sheets, statements of operations and statements of cash flows for the Affected Periods is presented below.
|  | As of December 31, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Balance Sheet |  |  |  |  |  |  |  |  |  |  |  |
Total assets |  | $ | 404,063,677 |  |  | $ | — |  |  | $ | 404,063,677 |
Liabilities and stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Total current liabilities |  | $ | 320,025 |  |  | $ | — |  |  | $ | 320,025 |
Deferred legal fees |  |  | 100,000 |  |  |  | — |  |  |  | 100,000 |
Deferred underwriting commissions |  |  | 14,087,500 |  |  |  | — |  |  |  | 14,087,500 |
Derivative liabilities |  |  | — |  |  |  | 49,674,170 |  |  |  | 49,674,170 |
Total liabilities |  |  | 14,507,525 |  |  |  | 49,674,170 |  |  |  | 64,181,695 |
Class A common stock, $0.0001 par value; shares subject to possible redemption |  |  | 384,556,150 |  |  |  | (49,674,170 | ) |  |  | 334,881,980 |
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Preferred stock - $0.0001 par value |  |  | — |  |  |  | — |  |  |  | — |
Class A common stock - $0.0001 par value |  |  | 179 |  |  |  | 497 |  |  |  | 676 |
Class B common stock - $0.0001 par value |  |  | 1,006 |  |  |  | — |  |  |  | 1,006 |
Additional paid-in-capital |  |  | 5,215,685 |  |  |  | 25,163,513 |  |  |  | 30,379,198 |
Accumulated deficit |  |  | (216,868 | ) |  |  | (25,164,010 | ) |  |  | (25,380,878 | )
Total stockholders’ equity |  |  | 5,000,002 |  |  |  | — |  |  |  | 5,000,002 |
Total liabilities and stockholders’ equity |  | $ | 404,063,677 |  |  | $ | — |  |  | $ | 404,063,677 |
|  | Period From August 31, 2020 (Inception) Through December 31, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |
Loss from operations |  | $ | (290,641 | ) |  | $ | — |  |  | $ | (290,641 | )
Other (expense) income: |  |  |  |  |  |  |  |  |  |  |  |
Change in fair value of derivative liabilities |  |  | — |  |  |  | (24,193,170 | ) |  |  | (24,193,170 | )
Financing costs - derivative liabilities |  |  | — |  |  |  | (970,840 | ) |  |  | (970,840 | )
Net gain from investments held in Trust Account |  |  | 78,522 |  |  |  | — |  |  |  | 78,522 |
Total other (expense) income |  |  | 78,522 |  |  |  | (25,164,010 | ) |  |  | (25,085,488 | )
Loss before income tax expense |  |  | (212,119 | ) |  |  | (25,164,010 | ) |  |  | (25,376,129 | )
Income tax expense |  |  | 4,749 |  |  |  | — |  |  |  | 4,749 |
Net loss |  | $ | (216,868 | ) |  | $ | (25,164,010 | ) |  | $ | (25,380,878 | )
Basic and Diluted weighted-average Class A common shares subject to possible redemption outstanding |  |  | 38,473,726 |  |  |  | (2,582,662 | ) |  |  | 35,891,064 |
Basic and Diluted net loss per Class A common shares subject to possible redemption |  | $ | — |  |  | $ | — |  |  | $ | — |
Basic and Diluted weighted-average non-redeemable Class A and Class B common shares outstanding |  |  | 10,646,616 |  |  |  | 1,585,845 |  |  |  | 12,232,461 |
Basic and Diluted net loss per non-redeemable Class A and Class B common shares |  | $ | (0.02 | ) |  | $ | 2.10 |  |  | $ | (2.08 | )
|  | Period From August 31, 2020 (Inception) Through December 31, 2020 |
|  | As Previously Reported |  |  | Restatement Adjustment |  |  | As Restated |
Statement of Cash Flows |  |  |  |  |  |  |  |  |  |  |  |
Net cash used in operating activities |  |  | (491,670 | ) |  |  | — |  |  |  | (491,670 | )
Net cash used in investing activities |  |  | (402,500,000 | ) |  |  | — |  |  |  | (402,500,000 | )
Net cash provided by financing activities |  |  | 404,071,303 |  |  |  |  |  |  |  | 404,071,303 |
Net change in cash |  | $ | 1,079,633 |  |  | $ | — |  |  | $ | 1,079,633 |

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