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Restatement of Previously Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Star Peak Energy Transition Corp [Member]

Schedule of impact of the restatement on financial statements

​

​	​	​	​	​	​	​	​	​	​
​	​	As of December 31, 2020
​	​	As Previously		​	Restatement		​	​
​		Reported			Adjustment			As Restated
Balance Sheet	​	​	​	​	​	​	​	​	​
Total assets	​	$	385,286,084	​	$	—	​	$	385,286,084
Liabilities and stockholders’ equity	​	​	​	​	​	​	​	​	​
Total current liabilities	​	$	2,809,435	​	$	—	​	$	2,809,435
Deferred legal fees	​	​	203,910	​	​	—	​	​	203,910
Deferred underwriting commissions	​	​	13,425,476	​	​	—	​	​	13,425,476
Stock warrant liabilities	​	​	—	​	​	121,091,978	​	​	121,091,978
Total liabilities	​	​	16,438,821	​	​	121,091,978	​	​	137,530,799
Class A common stock, $0.0001 par value; shares subject to possible redemption	​	​	363,847,260	​	​	(121,091,980)	​	​	242,755,280
Stockholders’ equity	​	​	​	​	​	​	​	​	​
Preferred stock- $0.0001 par value	​	​	—	​	​	—	​	​	—
Class A common stock - $0.0001 par value	​	​	197	​	​	1,211	​	​	1,408
Class B common stock - $0.0001 par value	​	​	959	​	​	—	​	​	959
Additional paid-in-capital	​	​	8,380,865	​	​	109,268,621	​	​	117,649,486
Accumulated deficit	​	​	(3,382,018)	​	​	(109,269,830)	​	​	(112,651,848)
Total stockholders’ equity	​	​	5,000,003	​	​	2	​	​	5,000,005
Total liabilities and stockholders’ equity	​	$	385,286,084	​	$	—	​	$	385,286,084

​

​

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31, 2020
​	​	As Previously		​	Restatement		​	​
​		Reported			Adjustment			As Restated
Statement of Operations	​	​	​	​	​	​	​	​	​
Loss from operations	​	$	(3,500,175)	​	$	—	​	$	(3,500,175)
Other (expense) income:	​	​	​	​	​	​	​	​	​
Change in fair value of warrant liabilities	​	​	—	​	​	(109,269,830)	​	​	(109,269,830)
Net gain from investments held in Trust Account	​	​	136,707	​	​	—	​	​	136,707
Total other (expense) income	​	​	136,707	​	​	(109,269,830)	​	​	(109,133,123)
Net loss	​	$	(3,363,468)	​	$	(109,269,830)	​	$	(112,633,298)
​	​	​	​	​	​	​	​	​	​
Weighted average Class A common stock outstanding, basic and diluted	​	​	38,208,123	​	​	—	​	​	38,208,123
Basic and diluted net loss per Class A common stock	​	$	—	​	$	—	​	$	—
Weighted average Class B common stock outstanding, basic and diluted	​	​	9,589,626	​	​	—	​	​	9,589,626
Basic and diluted net loss per Class B common stock	​	$	(0.35)	​	$	—	​	$	(11.75)

​

​	​	​	​	​	​	​	​	​	​
​	​	For the Year Ended December 31, 2020
​	​	As Previously		​	Restatement		​	​
​		Reported			Adjustment			As Restated
Statement of Cash Flows	​	​	​	​	​	​	​	​	​
Net loss	​	$	(3,363,468)	​	$	(109,269,830)	​	$	(112,633,298)
Adjustments to reconcile net loss to net cash used in operating activities	​	​	—	​	​	109,269,830	​	​	109,269,830
Net cash used in operating activities	​	​	(1,838,477)	​	​	—	​	​	(1,838,477)
Net cash used in investing activities	​	​	(383,585,040)	​	​	—	​	​	(383,585,040)
Net cash provided by financing activities	​	​	386,360,290	​	​	—	​	​	386,360,290
Net change in cash	​	$	936,773	​	$	—	​	$	936,773

​

​	​	​	​	​	​	​	​	​	​
​	​	As of September 30, 2020
​	​	As Previously		​	Restatement		​	​
​		Reported			Adjustment			As Restated
Balance Sheet	​	​	​	​	​	​	​	​	​
Total assets	​	$	386,179,543	​	$	—	​	$	386,179,543
Liabilities and stockholders’ equity	​	​	​	​	​	​	​	​	​
Total current liabilities	​	$	716,028	​	$	—	​	$	716,028
Deferred legal fees	​	​	203,910	​	​	—	​	​	203,910
Deferred underwriting commissions	​	​	13,425,476	​	​	—	​	​	13,425,476
Stock warrant liabilities	​	​	—	​	​	11,822,148	​	​	11,822,148
Total liabilities	​	​	14,345,414	​	​	11,822,148	​	​	26,167,562
Class A common stock, $0.0001 par value; shares subject to possible redemption Stockholders’ equity	​	​	366,834,120	​	​	(11,822,140)	​	​	355,011,980
Preferred stock- $0.0001 par value	​	​	—	​	​	—	​	​	—
Class A common stock - $0.0001 par value	​	​	168	​	​	118	​	​	286
Class B common stock - $0.0001 par value	​	​	959	​	​	—	​	​	959
Additional paid-in-capital	​	​	5,394,034	​	​	(126)	​	​	5,393,908
Accumulated deficit	​	​	(395,152)	​	​	—	​	​	(395,152)
Total stockholders’ equity	​	​	5,000,009	​	​	(8)	​	​	5,000,001
Total liabilities and stockholders’ equity	​	$	386,179,543	​	$	—	​	$	386,179,543

X

- 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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