Schedule of impact of the restatement on financial statements |
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As
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Previously
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As
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Reported
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Adjustments
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Restated
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Balance sheet as of September 25, 2020 (audited)
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Warrant Liability
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$
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—
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$
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13,679,333
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$
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13,679,333
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Ordinary Shares Subject to Possible Redemption
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213,557,280
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(13,679,333)
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199,877,947
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Class A Ordinary Shares
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114
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137
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251
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Additional Paid-in Capital
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5,014,340
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510,845
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5,525,185
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Accumulated Deficit
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(15,092)
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(510,982)
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(526,074)
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Balance sheet as of September 30, 2020 (unaudited)
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Warrant Liability
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$
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—
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$
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13,277,000
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$
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13,277,000
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Ordinary Shares Subject to Possible Redemption
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213,530,925
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(13,277,000)
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200,253,925
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Class A Ordinary Shares
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114
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133
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247
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Additional Paid-in Capital
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5,040,694
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108,515
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5,149,209
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Accumulated Deficit
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(41,447)
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(108,648)
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(150,095)
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Balance sheet as of December 31, 2020 (audited)
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Warrant Liability
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$
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—
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$
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13,272,784
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$
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13,272,784
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Ordinary Shares Subject to Possible Redemption
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226,248,228
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(13,272,784)
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(212,975,444)
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Class A Ordinary Shares
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135
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133
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268
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Additional Paid-in Capital
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6,553,617
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104,299
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6,657,916
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Accumulated Deficit
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(1,554,342)
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(104,432)
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(1,658,774)
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Period from July 7, 2020 (inception) to September 30, 2020 (unaudited)
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Change in fair value of warrant liability
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$
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—
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$
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402,333
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$
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402,333
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Formation and Operational cost
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15,092
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510,982
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526,074
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Net loss
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(41,447)
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(108,648)
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(150,095)
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Weighted average shares outstanding of Class A redeemable ordinary shares
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19,987,795
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19,987,795
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Weighted average shares outstanding of Class B non-redeemable ordinary shares
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5,698,351
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87,688
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5,786,039
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Basic and diluted net loss per share, Class B
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(0.01)
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(0.02)
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(0.03)
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Period from July 7, 2020 (inception) to December 31, 2020 (audited)
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Change in fair value of warrant liability
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$
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—
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$
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406,549
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$
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406,549
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Formation and Operational cost
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1,603,147
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510,982
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2,114,129
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Net loss
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(1,554,342)
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(104,432)
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(1,658,774)
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Weighted average shares outstanding of Class A redeemable ordinary shares
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22,676,053
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(1,279,064)
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21,396,989
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Weighted average shares outstanding of Class B non-redeemable ordinary shares
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6,500,406
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729,819
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7,230,225
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Basic and diluted net loss per share, Class B
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(0.25)
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(0.01)
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(0.26)
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Cash Flow Statement for the Period from July 7, 2020 (inception) to September 30, 2020 (unaudited)
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Net loss
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(41,447)
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(108,648)
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(150,095)
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Allocation of initial public offering costs to warrant liability
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—
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510,982
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510,982
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Change in fair value of warrant liability
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—
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402,333
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402,333
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Initial classification of warrant liability
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—
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13,679,333
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13,679,333
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Initial classification of common stock subject to possible redemption
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213,557,280
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(13,679,333)
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199,877,947
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Change in value of common stock subject to possible redemption
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(26,355)
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402,333
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375,978
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Cash Flow Statement for the Period from July 7, 2020 (inception) to December 31, 2020 (audited)
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Net loss
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$
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(1,554,342)
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$
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(104,432)
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$
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(1,658,774)
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Change in fair value of warrant liability
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—
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406,549
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406,549
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Initial classification of warrant liability
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—
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13,679,333
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13,679,333
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Initial classification of common stock subject to possible redemption
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227,787,480
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(13,679,333)
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214,108,147
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Change in value of common stock subject to possible redemption
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(1,539,252)
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406,549
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(1,132,703)
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