General form of registration statement for all companies including face-amount certificate companies

Restatement of Previously issued Financial Statements (Tables)

v3.21.2
Restatement of Previously issued Financial Statements (Tables)
5 Months Ended
Dec. 31, 2020
CIK_0001819810_Genesis Park Acquisition Corp [Member]  
Summary Of Effect Of Restatement On Financial Statement

    

As Previously 

    

    

Reported

Adjustment

As restated

Balance Sheet at November 27, 2020

Warrant liability

$

$

36,549,753

$

36,549,753

Total liabilities

 

5,680,163

 

36,549,753

 

42,229,916

Class A ordinary shares subject to possible redemption

 

156,885,627

 

(36,549,754)

 

120,335,873

Class A ordinary shares

 

92

 

360

 

442

Additional paid-in capital

 

5,007,093

 

12,232,284

 

17,239,377

Accumulated deficit

 

(7,611)

 

(12,232,643)

 

(12,240,254)

Total Shareholders’ Equity

 

5,000,005

 

1

 

5,000,006

Balance Sheet at December 31, 2020

 

  

 

  

 

  

Warrant liability

$

$

36,549,753

$

36,549,753

Total liabilities

 

5,859,668

 

36,549,753

 

42,409,421

Class A ordinary shares subject to possible redemption

 

156,864,332

 

(36,549,754)

 

120,314,578

Class A ordinary shares

 

93

 

360

 

453

Additional paid-in capital

 

5,028,387

 

12,232,284

 

17,260,671

Accumulated deficit

 

(28,906)

 

(12,232,643)

 

(12,261,549)

Total Shareholders’ Equity

$

5,000,005

$

1

$

5,000,006

Statement of Operations for the period from July 29, 2020 (inception) through December 31, 2020

 

  

 

  

 

  

Excess of fair value of Private Placement Warrants

 

 

(11,211,642)

 

(11,211,642)

Transaction costs

$

$

(1,021,001)

$

(1,021,001)

Total other income/(expense)

 

10,751

 

(12,232,643)

 

(12,221,892)

Net Loss

 

(28,906)

 

(12,232,643)

 

(12,261,549)

Basic and diluted net loss per share, Class B Ordinary shares

$

0.00

$

(3.20)

 

(3.20)

Statement of Cash Flows for the period from July 29, 2020 (inception) through December 31, 2020

 

  

 

  

 

  

Cash Flows from Operating Activities:

 

  

 

  

 

  

Net loss

$

(28,906)

$

(12,232,643)

$

(12,261,549)

Excess of fair value of Private Placement Warrants

 

 

11,211,642

 

11,211,642

Transaction costs

 

 

1,021,001

 

1,021,001

Net cash used in operating activities

 

(97,168)

 

 

(97,168)

Supplemental disclosure of cash flow information:

 

  

 

  

 

  

Class A ordinary shares subject to possible redemption

 

156,864,332

 

(36,549,754)

 

120,314,578

Initial classification of warrant liability

 

 

36,549,753

 

36,549,753