| Summary Of Effect Of Restatement On Financial Statement |
The following tables summarize the effect of the restatement on ea c h financial statement line item as of the dates, and for the period, indicated:
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As Previously
Reported |
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Adjustment |
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As restated |
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Balance Sheet at November 27, 2020 |
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$ |
— |
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$ |
36,549,753 |
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$ |
36,549,753 |
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Class A ordinary shares subject to possible redemption |
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156,885,627 |
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(36,549,754 |
) |
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120,335,873 |
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92 |
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|
360 |
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|
442 |
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Additional paid-in capital |
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5,007,093 |
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12,232,284 |
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17,239,377 |
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(7,611 |
) |
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(12,232,643 |
) |
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(12,240,254 |
) |
Total Shareholders’ Equity |
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5,000,005 |
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1 |
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5,000,006 |
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Balance Sheet at December 31, 2020 |
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$ |
— |
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$ |
36,549,753 |
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$ |
36,549,753 |
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5,859,668 |
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Class A ordinary shares subject to possible redemption |
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156,864,332 |
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(36,549,754 |
) |
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120,314,578 |
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93 |
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|
360 |
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|
453 |
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Additional paid-in capital |
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5,028,387 |
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12,232,284 |
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17,260,671 |
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(28,906 |
) |
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(12,232,643 |
) |
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(12,261,549 |
) |
Total Shareholders’ Equity |
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$ |
5,000,005 |
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$ |
1 |
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$ |
5,000,006 |
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Statement of Operations for the period from July 29, 2020 (inception) through December 31, 2020 |
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Excess of fair value of Private Placement Warrants |
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$ |
— |
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$ |
(1,021,001 |
) |
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$ |
(1,021,001 |
) |
Total other income/(expense) |
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10,751 |
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(12,232,643 |
) |
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(12,221,892 |
) |
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(28,906 |
) |
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(12,232,643 |
) |
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(12,261,549 |
) |
Basic and diluted net loss per share, Class B Ordinary shares |
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$ |
0.00 |
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$ |
(3.20 |
) |
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(3.20 |
) |
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Statement of Cash Flows for the period from July 29, 2020 (inception) through December 31, 2020 |
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Cash Flows from Operating Activities: |
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$ |
(28,906 |
) |
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$ |
(12,232,643 |
) |
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$ |
(12,261,549 |
) |
Excess of fair value of Private Placement Warrants |
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— |
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11,211,642 |
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11,211,642 |
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1,021,001 |
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1,021,001 |
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Net cash used in operating activities |
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Supplemental disclosure of cash flow information: |
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Class A ordinary shares subject to possible redemption |
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156,864,332 |
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(36,549,754 |
) |
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120,314,578 |
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Initial classification of warrant liability |
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