Quarterly Financial Information

6 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Note 12. Quarterly Financial Information (Unaudited)

The following tables contain unaudited quarterly financial information for the quarterly period ended September 30, 2020 that has been updated to reflect the restatement and revision of the Company’s financial statements as described in Note 2—Restatement of Previously Issued Financial Statements. The Company has not amended its previously filed Quarterly Report on Form 10-Q for the Affected Period. The financial information that has been previously filed or otherwise reported for the Affected Period is superseded by the information in this Annual Report, and the financial statements and related financial information for the Affected Period contained in such previously filed report should no longer be relied upon.


	As of September 30, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Unaudited Condensed Balance Sheet
Total assets	$	415,958,900		$	—		$	415,958,900

Liabilities, redeemable equity and stockholders’ equity
Total current liabilities	$	669,563		$	—		$	669,563
Derivative warrant liabilities		—			12,296,770			12,296,770

Total liabilities		669,563			12,296,770			12,966,333
Class A common stock, $0.0001 par value; shares subject to possible redemption		410,289,325			(12,296,770	)		397,992,555
Stockholders’ equity
Preference shares - $0.0001 par value		—			—			—
Class A common stock - $0.0001 par value		98			123			221
Class B common stock - $0.0001 par value		30			—			30
Class F common stock - $0.0001 par value		208			—			208
Additional paid-in-capital		5,105,145			(1,286,953	)		3,818,192
Retained earnings (accumulated deficit)		(105,469	)		1,286,830			1,181,361

Total stockholders’ equity		5,000,012			—			5,000,012

Total liabilities and stockholders’ equity	$	415,958,900		$	—		$	415,958,900


	Period From June 22, 2020 (Inception) Through September 30, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Unaudited Condensed Statement of Operations
Loss from operations	$	(106,603	)	$	—		$	(106,603	)
Other (expense) income:
Change in fair value of warrant liabilities		—			1,468,960			1,468,960
Financing costs - derivative warrant liabilities		—			(182,130	)		(182,130	)
Interest earned on investments held in Trust Account		1,134			—			1,134

Total other income		1,134			1,286,830			1,287,964

Net income (loss)	$	(105,469	)	$	1,286,830		$	1,181,361


Basic and Diluted weighted-average Class A common stock outstanding		42,014,000						42,014,000
Basic and Diluted net income per Class A share	$	—					$	—
Basic and Diluted weighted-average Class B & Class F common stock outstanding		2,100,000						2,213,782
Basic and Diluted net income (loss) per Class B share & Class F share	$	(0.04	)				$	0.54

	Period From June 22, 2020 (Inception) Through September 30, 2020
	As Previously Reported			Restatement Adjustment			As Restated
Unaudited Condensed Statement of Cash Flows
Net income (loss)	$	(105,469	)	$	1,286,830		$	1,181,361
Change in fair value of derivative warrant liabilities		—			(1,468,960	)		(1,468,960	)
Offering costs associated with derivative warrant liabilities		—			182,130			182,130
Initial value of Class A common stock subject to possible redemption		410,347,250			(13,765,730	)		396,581,520
Change in initial value of Class A common stock subject to possible redemption		(57,925	)		1,468,965			1,411,040