XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
Restatement of Previously Issued Financial Statements (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Changes and Error Corrections [Abstract]  
Summary of previously presented financial information
The impact of the restatement on the Company’s previously presented financial information contained in this report is presented below:
 
 
  
As Reported
 
  
Adjustment
 
  
As Restated
 
Unaudited Balance Sheet as of March 31, 2021
 
Class A ordinary share
s
subject to possible redemption
    $ 239,250,830      $ 36,749,170      $ 276,000,000  
Ordinary shares Class A, 
$0.0001 par value
   
$
 367     
$
 (367 )    
$
 —    
Additional
 Paid in Capital
   
$
 3,757,506     
$
 (3,757,506 )    
$
 —    
Retained Earnings (Accumulated Deficit)
   
$
 1,241,442     
$
 (32,991,297 )    
$
 (31,749,855 ) 
    
 
 
     
 
 
     
 
 
  
Total Shareholders’
 Equity (Deficit)
    $  5,000,005      $ (36,749,170 )     $ (31,749,165 ) 
    
 
 
     
 
 
     
 
 
  
Number of shares subject to redemption
      23,925,083        3,674,917        27,600,000  
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
  
As Reported
 
  
Adjustment
 
  
As Restated
 
Unaudited Statements of Operations For the three months ended March 31, 2021
 
Weighted average shares outstanding of Class A ordinary shares, basic and diluted
  
 
27,600,000
 
  
 
—  
 
  
 
27,600,000
 
Weighted average shares outstanding of Class B ordinary shares, basic and diluted
  
 
6,900,000
 
  
 
—  
 
  
 
6,900,000
 
Basic and diluted net income per ordinary share, Class A
  
$
—  
 
  
$
0.27
 
  
$
0.34
 
Basic and diluted net income per ordinary share, Class B
  
$
1.70
 
  
$
(1.36
) 
  
$
0.34
 
 
 
  
As Reported
 
  
Adjustment
 
  
As Restated
 
Unaudited Balance Sheet as of June 30, 2021
 
Class A ordinary share
s
 subject to possible redemption
  
$
237,374,770
 
  
$
38,625,230
 
  
$
276,000,000
 
Ordinary shares Class A, $0.0001 par value
  
$
386
 
  
$
(386
) 
  
$
—  
 
Additional Paid in Capital
  
$
5,633,547
 
  
$
(5,633,547
) 
  
$
—  
 
Accumulated Deficit
  
$
(634,617
) 
  
$
(32,991,297
) 
  
$
(33,625,914
) 
  
 
 
 
  
 
 
 
  
 
 
 
Total Shareholders’ Equity (Deficit)
  
$
5,000,006
 
  
$
(38,625,230
) 
  
$
(33,625,224
) 
 
  
 
 
 
  
 
 
 
  
 
 
 
Number of shares subject to redemption
  
 
23,737,477
 
  
 
3,862,523
 
  
 
27,600,000
 
 
  
 
 
 
  
 
 
 
  
 
 
 
 
 
  
As Reported
 
  
Adjustment
 
  
As Restated
 
Unaudited Statements of Operations For the three months ended June 30, 2021
 
Weighted average shares outstanding of Class A ordinary shares, basic and diluted
  
 
27,600,000
 
  
 
—  
 
  
 
27,600,000
 
Weighted average shares outstanding of Class B ordinary shares, basic and diluted
  
 
6,900,000
 
  
 
—  
 
  
 
6,900,000
 
Basic and diluted net income per ordinary share, Class A
  
$
—  
 
  
$
(0.05
) 
  
$
(0.05
) 
Basic and diluted net loss per ordinary share, Class B
  
$
(0.02
) 
  
$
(0.03
) 
  
$
(0.05
) 
 
 
  
As Reported
 
  
Adjustment
 
  
As Restated
 
Unaudited Statements of Operations For the six months ended June 30, 2021
 
Weighted average shares outstanding of Class A ordinary shares, basic and diluted
  
 
27,600,000
 
  
 
—  
 
  
 
27,600,000
 
Weighted average shares outstanding of Class B ordinary shares, basic and diluted
  
 
6,900,000
 
  
 
—  
 
  
 
6,900,000
 
Basic and diluted net income per ordinary share, Class A
  
$
—  
 
  
$
0.29
 
  
$
0.29
 
Basic and diluted net income per ordinary share, Class B
  
$
1.43
 
  
$
(1.14
) 
  
$
0.29