v3.22.0.1

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Accounting Policies [Abstract]

Summary of Basic and Diluted Net Income (Loss)

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net loss per share of common stock for each class of common stock:

		For the Three Months Ended												For the Nine Months Ended
		September 30, 2021												September 30, 2021
		Class A				Class B				Class F				Class A				Class B				Class F
Numerator:
Allocation of net income		$	1,017,206			$	7,263			$	50,117			$	1,206,082			$	8,612			$	59,423
Denominator:
Weighted average common stock outstanding, basic and diluted			42,014,000				300,000				828,000				42,014,000				300,000				828,000
Basic and diluted net income per share of common stock		$	0.02			$	0.02			$	0.02			$	0.03			$	0.03			$	0.03

		For the Three Months Ended												For the Period from June 22, 2020 (Inception)
		September 30, 2020												through September 30, 2020
		Class A				Class B				Class F				Class A				Class B				Class F
Numerator:
Allocation of net income		$	877,322			$	44,334			$	271,638			$	847,000			$	46,989			$	287,372
Denominator:
Weighted average common stock outstanding, basic and diluted			5,936,761				300,000				735,261				5,407,743				300,000				733,901
Basic and diluted net income per share of common stock		$	0.17			$	0.17			$	0.17			$	0.18			$	0.18			$	0.18

Summary of impact of the restatement on the balance sheets, statements of operations and statements of cash flows

The tables below present the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of March 31, 2021, statement of operations and statement of cash flows for the three months ended March 31, 2021:

		As of March 31, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Balance Sheet
Total assets		$	415,069,742			$	—			$	415,069,742
Total liabilities		$	9,328,743			$	—			$	9,328,743
Class A common stock subject to possible redemption			400,740,990				13,259,010				414,000,000
Stockholders’ equity (deficit)
Preferred stock			—				—				—
Class A common stock			194				(133	)			61
Class B common stock			30				—				30
Class F common stock			83				—				83
Additional paid-in-capital			1,069,909				(1,069,909	)			—
Retained earnings (accumulated deficit)			3,929,793				(12,188,968	)			(8,259,175	)
Total stockholders’ equity (deficit)			5,000,009				(13,259,010	)			(8,259,001	)
Total liabilities, Class A common stock subject to possible redemption and stockholders’ equity (deficit)		$	415,069,742			$	—			$	415,069,742
		For the Three Months Ended March 31, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Statement of Operations
Net income		$	1,621,543			$	—			$	1,621,543
Weighted average shares outstanding of redeemable Class A common stock, basic and diluted			41,400,000				(41,400,000	)			—
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			2,984,000				(2,984,000	)			—
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			—				42,014,000				42,014,000
Basic and diluted net income per share of Class A common stock		$	—			$	0.04			$	0.04
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		$	—			$	0.04			$	0.04
Weighted average shares outstanding of Class F common stock, basic and diluted			—				828,000				828,000
Basic and diluted net income per share of Class F common stock		$	—			$	0.04			$	0.04
		For the Three Months Ended March 31, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Statement of Cash Flows - Supplemental disclosure of noncash activities:
Change in fair value of Class A common stock subject to possible redemption		$	1,621,540			$	(1,621,540	)		$	—
The tables below present the effect of the financial statement adjustments related to the restatement discussed above of the Company’s previously reported unaudited condensed balance sheet as of June 30, 2021, statement of operations for the three and six months ended June 30, 2021 and statement of cash flows for the six months ended June 30, 2021:
		As of June 30, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Balance Sheet
Total assets		$	414,728,873				—			$	414,728,873
Total liabilities		$	10,409,886				—			$	10,409,886
Class A common stock subject to possible redemption			399,318,980				14,681,020				414,000,000
Stockholders’ equity (deficit)
Preferred stock			—				—				—
Class A common stock			208				(147	)			61
Class B common stock			30				—				30
Class F common stock			83				—				83
Additional paid-in-capital			2,491,905				(2,491,905	)			—
Accumulated deficit			2,507,781				(12,188,968	)			(9,681,187	)
Total stockholders’ equity (deficit)			5,000,007				(14,681,020	)			(9,681,013	)
Total liabilities, Class A common stock subject to possible redemption and stockholders’ equity (deficit)		$	414,728,873			$	—			$	414,728,873
		For the Three Months Ended June 30, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Statement of Operations
Net loss		$	(1,422,012	)		$	—			$	(1,422,012	)
Weighted average shares outstanding of redeemable Class A common stock, basic and diluted			41,400,000				(41,400,000	)			—
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			2,984,000				(2,984,000	)			—
Basic and diluted net loss per share of nonredeemable Class A, Class B and Class F common stock		$	(0.48	)		$	0.48			$	—
Weighted average shares outstanding of Class A common stock, basic and diluted			—				42,014,000				42,014,000
Basic and diluted net loss per share of Class A common stock		$	—			$	(0.03	)		$	(0.03	)
Weighted average shares outstanding of Class B common stock, basic and diluted			—				300,000				300,000
Basic and diluted net loss per share of Class B common stock		$	—			$	(0.03	)		$	(0.03	)
Weighted average shares outstanding of Class F common stock, basic and diluted			—				828,000				828,000
Basic and diluted net loss per share of Class F common stock		$	—			$	(0.03	)		$	(0.03	)
		For the Six Months Ended June 30, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Statement of Operations
Net income		$	199,531			$	—			$	199,531
Weighted average shares outstanding of redeemable Class A common stock, basic and diluted			41,400,000				(41,400,000	)			—
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			2,984,000				(2,984,000	)			—
Basic and diluted net income per share of nonredeemable Class A, Class B and Class F common stock		$	0.06			$	(0.06	)		$	—
Weighted average shares outstanding of Class A common stock, basic and diluted			—				42,014,000				42,014,000
Basic and diluted net income per share of Class A common stock		$	—			$	0.00			$	0.00
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		$	—			$	0.00			$	0.00
Weighted average shares outstanding of Class F common stock, basic and diluted			—				828,000				828,000
Basic and diluted net income per share of Class F common stock		$	—			$	0.00			$	0.00
		For the Six Months Ended June 30, 2021
		As Previously Reported				Adjustment				As Restated
Unaudited Condensed Statement of Cash Flows - Supplemental disclosure of noncash activities:
Change in fair value of Class A common stock subject to possible redemption		$	199,530			$	(199,530	)		$	—

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- References

No definition available.

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
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