v3.22.0.1
Quarterly Financial Information
6 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
NOTE 13. 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 The financial information that has been previously filed or otherwise reported for the Affected Period is superseded by the information in this Annual Report, and the financial statements and related financial information for the Affected Period contained in such previously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  
    
 
 
    
 
 
   
 
 
 
Total liabilities
   $ 12,966,333      $ —       $ 12,966,333  
Class A common stock subject to possible redemption
     397,992,555        16,007,445       414,000,000  
Stockholders’ equity (deficit)
                         
Preferred stock
     —          —         —    
Class A common stock
     221        (160     61  
Class B common stock
     30        —         30  
Class F common stock
     83        —         83  
Additional paid-in-capital
     3,818,317        (3,818,317     —    
Retained earnings (accumulated deficit)
     1,181,361        (12,188,968     (11,007,607
    
 
 
    
 
 
   
 
 
 
Total stockholders’ equity (deficit)
     5,000,012        (16,007,445     (11,007,433
    
 
 
    
 
 
   
 
 
 
Total liabilities, Class A common stock subject to possible redemption and stockholders’ equity (deficit)
   $ 415,958,900      $ —       $ 415,958,900  
    
 
 
    
 
 
   
 
 
 
 
    
For the Three Months Ended September 30, 2020
 
    
As Previously
Reported
    
Adjustment
   
As Restated
 
Unaudited Condensed Statement of Operations
                         
Net income
   $ 1,274,117      $ —       $ 1,274,117  
    
 
 
    
 
 
   
 
 
 
Weighted average shares outstanding of redeemable Class A common stock, basic and diluted
     42,014,000        (42,014,000     —    
Basic and diluted net income per share of redeemable Class A common stock
   $ —        $ —       $ —    
Weighted average shares outstanding of nonredeemable Class A, Class B and Class F common stock, basic and diluted
     2,213,782        (2,213,782     —    
Basic and diluted net income per share of nonredeemable Class A, Class B and Class F common stock
   $ 0.54      $ (0.54   $ —    
Weighted average shares outstanding of Class A common stock, basic and diluted
     —          5,936,761       5,936,761  
Basic and diluted net income per share of Class A common stock
   $ —        $ 0.18     $ 0.18  
Weighted average shares outstanding of Class B common stock, basic and diluted
     —          300,000       300,000  
Basic and diluted net income per share of Class B common stock
   $ —        $ 0.18     $ 0.18  
Weighted average shares outstanding of Class F common stock, basic and diluted
     —          735,261       735,261  
Basic and diluted net income per share of Class F common stock
   $ —        $ 0.18     $ 0.18  
 
    
For the Period from June 22, 2020 (Inception)
through September 30, 2020
 
    
As Previously
Reported
    
Adjustment
   
As Restated
 
Unaudited Condensed Statement of Operations
                         
Net income
   $ 1,181,361      $ —       $ 1,181,361  
    
 
 
    
 
 
   
 
 
 
Weighted average shares outstanding of redeemable Class A common stock, basic and diluted
     42,014,000        (42,014,000     —    
Basic and diluted net income per share of redeemable Class A common stock
   $ —        $ —       $ —    
Weighted average shares outstanding of nonredeemable Class A, Class B and Class F common stock, basic and diluted
     2,213,782        (2,213,782     —    
Basic and diluted net income per share of nonredeemable Class A, Class B and Class F common stock
   $ 0.54      $ (0.54   $ —    
Weighted average shares outstanding of Class A common stock, basic and diluted
     —          5,407,743       5,407,743  
Basic and diluted net income per share of Class A common stock
   $ —        $ 0.18     $ 0.18  
Weighted average shares outstanding of Class B common stock, basic and diluted
     —          300,000       300,000  
Basic and diluted net income per share of Class B common stock
   $ —        $ 0.18     $ 0.18  
Weighted average shares outstanding of Class F common stock, basic and diluted
     —          733,901       733,901  
Basic and diluted net income per share of Class F common stock
   $ —        $ 0.18     $ 0.18  
 
    
For the Period from June 22, 2020 (Inception)
through September 30, 2020
 
    
As Previously
Reported
    
Adjustment
   
As Restated
 
Unaudited Condensed Statement of Cash Flows - Supplemental disclosure of noncash activities:
                         
Initial Value of Class A common stock subject to possible redemption
   $ 396,581,520      $ (396,581,520   $ —    
Change in fair value of Class A common stock subject to possible redemption
   $ 1,411,035      $ (1,411,035   $ —    
Accretion on Class A common stock subject to possible redemption amount
   $ —        $ 18,146,564     $ 18,146,564