Quarterly report pursuant to Section 13 or 15(d)

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

v3.21.1
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
3 Months Ended
Mar. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Schedule of Restatement on Each Financial Statement
The following tables summarize the effect of the restatement on each financial statement line item as of the dates, and for the period, indicated:

 
 
As
Previously
Reported
   
Adjustment
   
As Restated
 
Balance Sheet as of February 16, 2021
                 
Warrants liability
 
$
   
$
30,065,074
   
$
30,065,074
 
Total liabilities
   
9,361,700
     
30,065,074
     
39,426,774
 
Class A ordinary shares subject to possible redemption (A)
   
240,641,840
     
(30,065,074
)
   
210,576,766
 
Class A ordinary shares
   
124
     
300
     
424
 
Additional paid-in capital
 
$
5,004,253
   
$
299,470
   
$
5,303,723
 
Accumulated deficit
   
(5,000
)
   
(299,770
)
   
(304,770
)

(A)
Class A ordinary shares subject to possible redemption as Previously Reported as of February 16, 2021 were 24,064,184 that are Adjusted by (3,006,507) and are As Restated at 21,057,677, respectively.