Quarterly report pursuant to Section 13 or 15(d)

Revision of previously issued financial statements (Tables)

v3.21.2
Revision of previously issued financial statements (Tables)
9 Months Ended
Sep. 30, 2021
Accounting Changes and Error Corrections [Abstract]  
Summary of error corrections and prior period adjustments
The impact of the revision on the Company’s financial statements is reflected in the following table.
 
 
  
As Previously

Reported
 
  
Adjustment
 
  
As Revised
 
Balance Sheet as of December 31, 2020 (audited)
  
     
  
     
  
     
Class A ordinary shares subject to possible redemption
  
$
337,111,240
 
  
$
62,888,760
 
  
$
400,000,000
 
Class A ordinary shares
  
$
629
 
  
$
(629
  
$
—  
 
Additional
paid-in
capital
  
$
25,059,489
 
  
$
(25,059,489
  
$
—  
 
Accumulated deficit
  
$
(20,061,109
  
$
(37,828,642
  
$
(57,889,751
Total Shareholders’ Equity (Deficit)
  
$
5,000,009
 
  
$
(62,888,760
  
$
(57,888,751
Statement of Operations for the Period from October 5, 2020 (IPO) through December 31, 2020 (audited)
  
     
  
     
  
     
Basic and diluted weighted average shares outstanding, Class A redeemable ordinary shares subject to possible redemption
  
 
40,000,000
 
  
 
—  
 
  
 
40,000,000
 
Basic and diluted net income (loss) per share, Class A redeemable ordinary shares subject to possible redemption
  
$
—  
 
  
$
—  
 
  
$
(0.40
Basic and diluted weighted average shares outstanding,
Non-redeemable
Class B ordinary shares
  
 
10,000,000
 
  
 
—  
 
  
 
10,000,000
 
Basic and diluted net income (loss) per share,
Non-redeemable
Class B ordinary shares
  
$
(2.01
  
$
1.61
 
  
$
(0.40
Statement of Cash Flows for the Period from October 5, 2020 (IPO) through December 31, 2021 (audited)
  
     
  
     
  
     
Initial classification of Class A ordinary shares subject to possible redemption
  
$
356,167,970
 
  
$
43,832,030
 
  
$
400,000,000
 
Change in value of Class A ordinary shares subject to possible redemption
  
 
(19,056,730
  
 
19,056,730
 
  
 
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