Restatement of Previously Issued Financial Statements (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Condensed Financial Information Disclosure [Abstract] |
|
| Schedule of impact on revision of financial statements |
| Balance Sheet as of February 16, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Class A ordinary shares subject to possible
redemption |
|
$ |
210,576,766 |
|
|
$ |
42,423,234 |
|
|
$ |
253,000,000 |
|
| Class A ordinary shares |
|
$ |
424 |
|
|
$ |
(424 |
) |
|
$ |
— |
|
| Additional paid-in capital |
|
$ |
5,303,723 |
|
|
$ |
(5,303,723 |
) |
|
$ |
— |
|
| Accumulated deficit |
|
$ |
(304,770 |
) |
|
$ |
(37,119,087 |
) |
|
$ |
(37,423,857 |
) |
| Total Shareholders’ Equity (Deficit) |
|
$ |
5,000,010 |
|
|
$ |
(42,423,234 |
) |
|
$ |
(37,423,224 |
) |
| Balance Sheet as of March 31, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Class A ordinary shares subject to possible redemption |
|
$ |
208,995,955 |
|
|
$ |
44,004,045 |
|
|
$ |
253,000,000 |
|
| Class A ordinary shares |
|
$ |
440 |
|
|
$ |
(440 |
) |
|
$ |
— |
|
| Additional paid-in capital |
|
$ |
6,884,518 |
|
|
$ |
(6,884,518 |
) |
|
$ |
— |
|
| Accumulated deficit |
|
$ |
(1,885,581 |
) |
|
$ |
(37,119,087 |
) |
|
$ |
(39,004,668 |
) |
| Total Shareholders’ Equity (Deficit) |
|
$ |
5,000,010 |
|
|
$ |
(44,004,045 |
) |
|
$ |
(39,004,035 |
) |
| Balance Sheet as of June 30, 2021 (unaudited) |
|
As
Previously
Reported
|
|
|
Adjustment |
|
|
As
Restated |
|
| Class A ordinary shares subject to possible redemption |
|
$ |
208,257,092 |
|
|
$ |
44,742,908 |
|
|
$ |
253,000,000 |
|
| Class A ordinary shares |
|
$ |
448 |
|
|
$ |
(448 |
) |
|
$ |
— |
|
| Additional paid-in capital |
|
$ |
7,623,373 |
|
|
$ |
(7,623,373 |
) |
|
$ |
— |
|
| Accumulated deficit |
|
$ |
(2,624,449 |
) |
|
$ |
(37,119,087 |
) |
|
$ |
(39,743,536 |
) |
| Total Shareholders’ Equity (Deficit) |
|
$ |
5,000,005 |
|
|
$ |
(44,742,908 |
) |
|
$ |
(39,742,903 |
) |
|
| Schedule of impact on revision of income statements |
| Statement of Operations For the Three months ended March 31, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Weighted average shares outstanding, Class A ordinary shares (redeemable) |
|
|
— |
|
|
|
12,087,778 |
|
|
|
12,087,778 |
|
| Basic and diluted net income per Class A ordinary shares (redeemable) |
|
$ |
— |
|
|
$ |
2.97 |
|
|
$ |
2.97 |
|
| Weighted average shares outstanding, Class B ordinary shares (non redeemable) |
|
|
7,921,054 |
|
|
|
(2,026,887 |
) |
|
|
5,894,167 |
|
| Basic and diluted net loss per Class B ordinary shares (non redeemable) |
|
$ |
(0.24 |
) |
|
$ |
0.14 |
|
|
$ |
(0.10 |
) |
| Statements of Operations For the Three months ending June 30, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Weighted average shares outstanding, Class A ordinary shares (redeemable) |
|
|
— |
|
|
|
25,300,000 |
|
|
|
25,300,000 |
|
| Basic and diluted net loss per Class A ordinary shares (redeemable) |
|
$ |
— |
|
|
$ |
(0.02 |
) |
|
$ |
(0.02 |
) |
| Weighted average shares outstanding, Class B ordinary shares (non redeemable) |
|
|
10,726,807 |
|
|
|
(4,401,807 |
) |
|
|
6,325,000 |
|
| Basic and diluted net loss per Class B ordinary shares (non redeemable) |
|
$ |
(0.07 |
) |
|
$ |
0.05 |
|
|
$ |
(0.02 |
) |
| Statements of Operations For the Six months ended June 30, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Weighted average shares outstanding, Class A ordinary shares (redeemable) |
|
|
— |
|
|
|
18,730,387 |
|
|
|
18,730,387 |
|
| Basic and diluted net income per Class A ordinary shares (redeemable) |
|
$ |
— |
|
|
$ |
1.88 |
|
|
$ |
1.88 |
|
| Weighted average shares outstanding, Class B ordinary shares (non redeemable) |
|
|
9,386,872 |
|
|
|
(3,276,099 |
) |
|
|
6,110,773 |
|
| Basic and diluted net loss per Class B ordinary shares (non redeemable) |
|
$ |
(0.28 |
) |
|
$ |
0.17 |
|
|
$ |
(0.11 |
) |
|
* |
The
“As previously reported” weighted average shares outstanding and basic and diluted net loss per share included Class B shares
and Class A shares that were classified to equity. |
|
| Schedule of weighted average shares outstanding and basic and diluted net loss |
| Statement of Changes in Shareholders’
(Deficit) Equity for the Three Months ended March 31, 2021 (unaudited) |
|
As
Previously
Reported |
|
|
Adjustment |
|
|
As
Restated |
|
| Sale of 25,300,000 Class A shares, $0.0001
par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs |
|
$ |
208,796,106 |
|
|
$ |
(208,796,106 |
) |
|
$ |
— |
|
| Class B ordinary shares, $0.0001 par value; 50,000,000
shares authorized, 6,325,000 shares issued and outstanding |
|
$ |
633 |
|
|
$ |
— |
|
|
$ |
633 |
|
| Sale of 7,060,000 Private Placement Warrants |
|
$ |
7,060,000 |
|
|
$ |
(7,060,000 |
) |
|
$ |
— |
|
| Class A ordinary shares subject to possible redemption |
|
$ |
(208,995,515 |
) |
|
$ |
208,995,515 |
|
|
$ |
— |
|
| Accretion for Class A ordinary shares subject to redemption
amount |
|
$ |
— |
|
|
$ |
(37,143,454 |
) |
|
$ |
(37,143,454 |
) |
| Additional paid-in capital |
|
$ |
6,884,518 |
|
|
$ |
(6,884,518 |
) |
|
$ |
— |
|
| Accumulated deficit |
|
$ |
(1,885,581 |
) |
|
$ |
(37,119,087 |
) |
|
$ |
(39,004,668 |
) |
| Total Shareholders’ Equity (Deficit) |
|
$ |
5,000,010 |
|
|
$ |
(44,004,045 |
) |
|
$ |
(39,004,035 |
) |
| |
|
|
|
|
|
|
|
|
|
| Statement of Changes in Shareholders’
(Deficit) Equity for the Three Months ended June 30, 2021 (unaudited) |
|
|
|
|
|
|
|
|
|
| Class A ordinary shares subject to possible
redemption |
|
$ |
738,863 |
|
|
$ |
(738,863 |
) |
|
$ |
— |
|
| Class B ordinary shares, $0.0001 par value; 50,000,000
shares authorized, 6,325,000 shares issued and outstanding |
|
$ |
633 |
|
|
|
— |
|
|
$ |
633 |
|
| Additional paid-in capital |
|
$ |
7,623,373 |
|
|
$ |
(7,623,373 |
) |
|
$ |
— |
|
| Accumulated deficit |
|
$ |
(2,624,449 |
) |
|
$ |
(37,119,087 |
) |
|
$ |
(39,743,536 |
) |
| Total Shareholders’ Equity (Deficit) |
|
$ |
5,000,005 |
|
|
$ |
(44,742,908 |
) |
|
$ |
(39,742,903 |
) |
| |
|
|
|
|
|
|
|
|
|
| Statement of Cash Flows for the Period from
January 1, 2021 through March 31, 2021, Non-Cash Investing and Financing Activities (unaudited) |
|
|
|
|
|
|
|
|
|
| Initial classification of Class A ordinary
shares subject to possible redemption |
|
$ |
— |
|
|
$ |
253,000,000 |
|
|
$ |
253,000,000 |
|
| |
|
|
|
|
|
|
|
|
|
| Statement of Cash Flows for the Six Months Ended
June 30, 2021, Non-Cash Investing and Financing Activities (unaudited) |
|
|
|
|
|
|
|
|
|
| Initial classification of Class A ordinary
shares subject to possible redemption |
|
$ |
240,641,840 |
|
|
$ |
12,358,160 |
|
|
$ |
253,000,000 |
|
| Change in value of Class A ordinary shares subject
to redemption |
|
$ |
(32,384,748 |
) |
|
$ |
32,384,748 |
|
|
$ |
— |
|
|