Restatement of Previously Issued Financial Statements (Tables)

4 Months Ended

Dec. 31, 2020

Accounting Changes and Error Corrections [Abstract]

Schedule of Previously Reported Investments Held In Trust, Operating Expenses, Cash Flows Or Cash

The Company’s accounting for the Warrants as components of equity instead of as derivative liabilities did not have any effect on the Company’s previously reported investments held in trust, operating expenses, cash flows or cash.

	As Previously Reported			Adjustments			As Restated
Balance sheet as of December 22, 2020 (audited)
Total Liabilities	$	12,713,045		$	28,765,000		$	41,478,045
Common Shares Subject to Possible Redemption		329,318,370			(28,765,000	)		300,553,370
Class A Common Shares		157			287			444
Additional Paid-in Capital		4,999,404			1,959,112			6,958,516
Accumulated Deficit		(422	)		(1,959,399	)		(1,959,821	)
Total Stockholders’ Equity		5,000,002			—			5,000,002
Number of common shares subject to possible redemption		32,931,837			(2,876,500	)		30,055,337
Balance sheet as of December 31, 2020 (audited)
Total Liabilities	$	12,146,510		$	37,394,500		$	49,541,010
Common Shares Subject to Possible Redemption		329,397,070			(37,394,500	)		292,002,570
Class A Common Shares		156			374			530
Additional Paid-in Capital		5,071,205			10,588,525			15,659,730
Accumulated Deficit		(72,214	)		(10,588,899	)		(10,661,113	)
Total Shareholders’ Equity		5,000,010			—			5,000,010
Number of common shares subject to possible redemption		32,939,707			(3,739,450	)		29,200,257
Statement of Operations for period from August 24, 2020 (inception) to December 31, 2020 (audited)
Net loss	$	(72,214	)	$	(10,588,899	)	$	(10,661,113	)
Weighted average shares outstanding of Class A common stock subject to possible redemption		32,939,707			(3,739,450	)		29,200,257
Basic and diluted net loss per share, Class A common stock subject to possible redemption	$	—			—		$	—
Weighted average shares outstanding of Class A and Class B shares outstanding, non-redeemable common stock		7,703,089			282,816			7,985,905
Basic and diluted net loss per share, Class B non-redeemable common stock	$	(0.01	)		(1.32	)	$	(1.33	)
Statement of Cash Flows for period from August 24, 2020 (inception) to December 31, 2020 (audited)
Net loss		(72,214	)		(10,588,899	)		(10,661,113	)
Change in fair value of warrant liability		—			8,269,500			8,269,500
Fair value of warrant liability in excess of proceeds received in Private Placement		—			890,000			890,000
Transaction costs associated with warrant liability		—			1,069,399			1,069,399
Non-cash investing and financing activities
Initial classification of Class A common stock subject to possible redemption		329,397,070			(28,843,700	)		300,553,370
Change in value of common shares subject to redemption		—			(8,550,800	)		(8,550,800	)