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RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
9 Months Ended
Sep. 30, 2021
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS  
Summarize the impact of the restatement on the Company's financial statements

As Previously

Balance Sheet as of June 19, 2020 (audited)

    

Reported

    

Adjustment

    

As Restated

Additional paid-in capital

$

591,876

$

(591,876)

$

Accumulated deficit

(53,396,448)

591,876

(52,804,572)

Balance Sheet as of June 30, 2020

Additional paid-in capital

591,876

(591,876)

Accumulated deficit

(60,499,085)

591,876

(59,907,209)

Balance Sheet as of September 30, 2020

Additional paid-in capital

591,876

(591,876)

Accumulated deficit

(61,442,856)

591,876

(60,850,980)

Balance Sheet as of December 31, 2020 (audited)

Class A ordinary shares subject to possible redemption

$

511,622,540

$

5,877,460

$

517,500,000

Class A ordinary shares

$

59

$

(59)

$

Additional paid-in capital

$

6,724,439

$

(6,724,439)

$

Accumulated deficit

$

(82,180,324)

$

847,038

$

(81,333,286)

Total Shareholders’ Deficit

$

(75,454,532)

$

(5,877,460)

$

(81,331,992)

Balance Sheet as of March 31, 2021

Additional paid-in capital

$

847,038

$

(847,038)

$

Accumulated deficit

$

(61,622,790)

$

847,038

$

(60,775,752)

Balance Sheet as of June 30, 2021

Additional paid-in capital

$

847,038

$

(847,038)

$

Accumulated deficit

$

(64,317,938)

$

847,038

$

(63,470,900)

Statement of Operations for the Period from February 11, 2020 (Inception) through June 30, 2020

Weighted average shares outstanding, Class A ordinary shares

51,750,000

(47,683,929)

4,066,071

Basic and diluted earnings per share, Class A ordinary shares

$

$

(0.55)

$

(0.55)

Weighted average shares outstanding, Class B ordinary shares

11,389,568

(6,979)

11,382,589

Basic and diluted earnings per share, Class B ordinary shares

$

(0.74)

$

0.19

$

(0.55)

Statement of Operations for the Three Months Ended June 30, 2020

Weighted average shares outstanding, Class A ordinary shares

51,750,000

(45,494,505)

6,255,495

Basic and diluted earnings per share, Class A ordinary shares

$

$

(0.48)

$

(0.48)

Basic and diluted earnings per share, Class B ordinary shares

$

(0.74)

$

0.26

$

(0.48)

Statement of Operations for the Period from February 11, 2020 (Inception) through September 30, 2020

Weighted average shares outstanding, Class A ordinary shares

51,750,000

(28,774,784)

22,975,216

Basic and diluted earnings per share, Class A ordinary shares

$

$

(0.27)

$

(0.27)

Weighted average shares outstanding, Class B ordinary shares

12,022,500

(23,308)

11,999,192

Basic and diluted earnings per share, Class B ordinary shares

$

(0.78)

$

0.51

$

(0.27)

Statement of Operations for the Three Months Ended September 30, 2020

Weighted average shares outstanding, Class A ordinary shares

51,750,000

51,750,000

Basic and diluted earnings per share, Class A ordinary shares

$

0.00

$

(0.01)

$

(0.01)

Basic and diluted earnings per share, Class B ordinary shares

$

(0.07)

$

0.06

$

(0.01)

Statement of Operations for the Period from February 11, 2020 (Inception) through December 30, 2020 (audited)

Weighted average shares outstanding, Class A ordinary shares

51,750,000

(20,604,167)

31,145,833

Basic and diluted earnings per share, Class A ordinary shares

$

$

(0.69)

$

(0.69)

Weighted average shares outstanding, Class B ordinary shares

12,288,052

(22,427)

12,265,625

Basic and diluted earnings per share, Class B ordinary shares

$

(2.43)

$

1.74

$

(0.69)

Statement of Operations for the Three Months Ended March 31, 2021

Weighted average shares outstanding, Class A ordinary shares

51,162,254

587,746

51,750,000

Basic and diluted earnings per share, Class A ordinary shares

$

$

0.32

$

0.32

Weighted average shares outstanding, Class B ordinary shares

13,525,246

(587,746)

12,937,500

Basic and diluted earnings per share, Class B ordinary shares

$

1.52

$

(1.20)

$

0.32

Statement of Operations for the Three Months Ended June 30, 2021

Basic and diluted earnings per share, Class A ordinary shares

$

$

(0.04)

$

(0.04)

Basic and diluted earnings per share, Class B ordinary shares

$

(0.21)

$

0.17

$

(0.04)

Statement of Operations for the Six Months Ended June 30, 2021

Weighted average shares outstanding, Class A ordinary shares

51,457,751

292,249

51,750,000

Basic and diluted earnings per share, Class A ordinary shares

$

$

0.28

$

0.28

Weighted average shares outstanding, Class B ordinary shares

13,229,749

(292,249)

12,937,500

Basic and diluted earnings per share, Class B ordinary shares

$

1.35

$

(1.07)

$

0.28

Statement of Changes in Shareholders Equity (Deficit) for the Period from February 11, 2020 (Inception) through December 30, 2020 (audited)

Offering costs allocated to equity in connection with IPO

(27,860,038)

27,860,038

Initial Classification of Public Warrants

(24,150,000)

24,150,000

Initial Classification of FPA Liability

(255,538)

255,538

Change in value of ordinary shares subject to possible redemption

5,877,460

(5,877,460)

Accretion to shares subject to redemption

(52,265,576)

(52,265,576)

Total Shareholders’ deficit

(75,454,532)

(5,877,460)

(81,331,992)

Statement of Changes in Shareholders Equity (Deficit) for the Three Months Ended March 31, 2021

Change in value of ordinary shares subject to possible redemption

(5,877,460)

5,877,460

Statement of Cash Flows for the Period from February 11, 2020 (Inception) through December 30, 2020 (audited)

Change in Class A ordinary shares subject to possible redemption

(5,877,460)

5,877,460

Statement of Cash Flows for the Three Months Ended March 31, 2021

Change in Class A ordinary shares subject to possible redemption

5,877,460

(5,877,460)