XML 44 R22.htm IDEA: XBRL DOCUMENT v3.21.2
Description of Organization, Business Operations and Basis of Presentation (Details) - USD ($)
 1 Months Ended 3 Months Ended 5 Months Ended
Oct. 09, 2020
Feb. 21, 2021
Nov. 17, 2020
Mar. 31, 2021
Dec. 31, 2020
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Offering costs         $ 375,000,000
Operating bank account       $ 124,000 821,000
Working capital deficit       358,000 1,200,000
Net proceeds       $ 375,000,000 $ 375,000,000
Fair market value, percentage       80.00%  
Ownership percentage       50.00%  
Pro rata interest earned on the funds held in the trust account. (in Dollars per share)       $ 10.00  
Net tangible assets       $ 5,000,001  
Aggregate of public share, percentage       15.00%  
Percentage of public shares       100.00%  
Dissolution expenses       $ 100,000  
Loan amount       $ 300,000  
Proposed business combination, description       Merger (together, the “Xos Awards”) that will be converted into awards based on new Xos common stock, will be cancelled in exchange for the right to receive an aggregate of 127,626,116 shares of new Xos common stock (at a deemed value of $10.00 per share), which, in the case of Xos Awards, will be shares underlying awards based on new Xos common stock representing a pre-transaction equity value of Xos of $1,276,261,160 (the “Aggregate Merger Consideration”). The portion of the Aggregate Merger Consideration reflecting the conversion of the Xos Awards is calculated assuming that all new Xos Options are net-settled (although new Xos Options may by their terms be cash exercised, resulting in additional dilution); and  
Additional shares (in Shares)   2,000,000      
PIPE Investors [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Shares subscribed (in Shares)   22,000,000      
Aggregate purchase price amount   $ 220,000,000      
Initial Public Offering [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Initial public offering units (in Shares) 35,000,000        
Price per warrant (in Dollars per share) $ 10.00        
Gross proceeds $ 350,000,000        
Offering costs 19,800,000        
Deferred underwriting commissions $ 12,300,000        
Over-Allotment Units [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Initial public offering units (in Shares)     2,500,000    
Gross proceeds     $ 25,000,000    
Underwriting Fees     1,400,000    
Deferred underwriting fees     $ 875,000    
Private Placement Warrants [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Price per warrant (in Dollars per share)         $ 1.50
Gross proceeds         $ 9,000,000
Initial public offering warrants (in Shares)       6,333,334 6,000,000
Private Placement Warrants Overallotment [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Initial public offering units (in Shares)     333,334 9,000,000  
Price per warrant (in Dollars per share)       $ 1.50  
Gross proceeds     $ 500,000    
Initial public offering warrants (in Shares)       6,000,000  
Founder Shares [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Sponsor payment       $ 25,000  
Class A Ordinary Shares [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Ordinary shares par value (in Dollars per share)       $ 0.0001 $ 0.0001
Class B Ordinary Shares [Member]          
Description of Organization, Business Operations and Basis of Presentation (Details) [Line Items]          
Ordinary shares par value (in Dollars per share)       $ 0.0001 $ 0.0001