v3.21.2

Initial Public Offering | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Initial Public Offering | Note 3-Initial Public Offering Public CAPS ™ On September 18, 2020, the Company consummated its Initial Public Offering of 41,400,000 CAPS ™ , which included 5,400,000 CAPS ™ issued as a result of the underwriters’ exercise in full of their over-allotment option, at $10.00 per CAPS ™ , generating gross proceeds of $414.0 million, and incurring offering costs of approximately $4.8 million. Each CAPS ™ consists of one share of Class A common stock and one-quarter of one redeemable warrant (each, a “Public Warrant”). Each whole Public Warrant may be exercised to purchase one share of Class A common stock for $11.50 per share, subject to adjustment (see Note 8). Underwriting Agreement The Company granted the underwriters a 45-day option to purchase up to 5,400,000 additional CAPS ™ to cover any over-allotment, at the Initial Public Offering price less the underwriting discounts and commissions. The underwriters exercised the over-allotment option in full on September 18, 2020. The underwriters were entitled to an underwriting discount of $0.01 per CAPS ™ , or approximately $4.1 million in the aggregate, paid upon the closing of the Initial Public Offering.

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