XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
STATEMENT OF CASH FLOWS (Restated) - USD ($)
11 Months Ended
Dec. 31, 2020
Dec. 31, 2020
Cash Flows from Operating Activities:    
Net loss $ (29,914,748) $ (29,914,748)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]    
Change in fair value of warrants liability 17,328,667 17,328,667
Change in fair value of FPA liability 10,399,002 10,399,002
Changes in operating assets and liabilities:    
Prepaid expenses (209,790)  
Accrued expenses 613,050  
Net cash used in operating activities (402,768)  
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (517,500,000)  
Net cash used in investing activities (517,500,000)  
Cash Flows from Financing Activities:    
Proceeds from issuance of Class B ordinary shares to BGPT Trebia LP 25,000  
Proceeds from sale of Units, net of underwriting discounts paid 507,150,000  
Proceeds from sale of Private Placement Warrants 12,350,000  
Proceeds from promissory note - related party 150,000  
Repayment of promissory note - related party (150,000)  
Payment of offering costs (778,589)  
Net cash provided by financing activities 518,746,411  
Net Change in Cash 843,643  
Cash - Ending 843,643 843,643
Non-Cash Investing and Financing Activities:    
Initial classification of Class A ordinary shares subject to possible redemption 459,696,714 459,696,714
Initial classification of warrant liability 35,676,668 35,676,668
Initial classification of FPA liability 255,538 $ 255,538
Change in value of Class A ordinary shares subject to possible redemption (64,429,035)  
Deferred underwriting fee payable $ 18,112,500