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