XML 31 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Key Ranges of Inputs for Valuation Models Used to Calculate Fair Value of Warrant Securities and FPAs

Key ranges of inputs for the valuation models used to calculate the fair value of the Warrant Securities and FPAs were as follows,

 

 

 

Inception (October 2020)

 

 

December 31, 2020

 

Implied volatility

 

20% - 25%

 

 

22%

 

Risk-free interest rate

 

0.13% - 0.40%

 

 

0.10% - 0.43%

 

Instrument exercise price for one Class A ordinary share

 

$

11.50

 

 

$

11.50

 

Expected term

 

5.5 years

 

 

5.5 years

 

Earnings and Losses Shared Pro Rata between Two Classes of Ordinary Shares

As of December 31, 2020, the Company has two classes of ordinary shares, Class A ordinary shares and Class F ordinary shares. As of December 31, 2019, the Company only had Class F ordinary shares. For the year ended December 31, 2020, earnings and losses are shared pro rata between the two classes of ordinary shares as follows,

 

 

For the Year Ended December 31, 2020

(As Restated)

 

 

 

Class A

 

 

Class F

 

Basic and diluted net loss per ordinary share:

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

Allocation of net loss

 

$

(26,653,427

)

 

$

(6,663,357

)

Denominator:

 

 

 

 

 

 

 

 

Weighted average ordinary shares outstanding:

 

 

10,327,869

 

 

 

18,050,376

 

Basic and diluted net loss per ordinary share

 

$

(2.58

)

 

$

(0.37

)