RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

3 Months Ended

Dec. 31, 2020

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS

Schedule of impact of restatement on the balance sheets, Cash flows and statements of operations

	As of December 31, 2020
	As
	Previously		Restatement
	Reported		Adjustment		As Restated
Balance Sheet
Total assets	$	416,346,780	$	—	$	416,346,780
Liabilities and Shareholders’ equity
Total current liabilities	$	416,521	$	—	$	416,521
Deferred underwriting commissions		14,490,000		—		14,490,000
Derivative liabilities		40,532,280		—		40,532,280
Total liabilities		55,438,801		—		55,438,801
Class A ordinary shares, $0.0001 par value; shares subject to possible redemption		355,907,970		58,092,030		414,000,000
Shareholders’ equity
Preference shares - $0.0001 par value		—		—		—
Class A ordinary shares - $0.0001 par value		581		(581)		—
Class B ordinary shares - $0.0001 par value		1,035		—		1,035
Additional paid-in-capital		16,798,022		(16,798,022)		—
Accumulated deficit		(11,799,629)		(41,293,427)		(53,093,056)
Total shareholders’ (deficit)		5,000,009		(58,092,030)		(53,092,021)
Total liabilities and shareholders’ (deficit)	$	416,346,780	$	—	$	416,346,780

For the Period from September 28, 2020 (inception) through December 31, 2020
	As Previously Reported		Adjustment		As Restated
Supplemental Disclosure of Noncash Financing Activities:
Initial value of Class A ordinary shares subject to possible redemption	$	362,617,170	$	(362,617,170)	$	—
Change in value of Class A ordinary shares subject to possible redemption	$	(6,709,200)	$	6,709,200	$	—

	EPS for Class A ordinary shares
	As Previously Reported		Adjustment		As Restated
Form 10-K/A (December 31, 2020)
Net loss	$	(11,799,629)	$	—	$	(11,799,629)
Weighted average shares outstanding		41,400,000		(33,750,000)		7,650,000
Basic and diluted loss per share	$	—	$	(0.66)	$	(0.66)

	EPS for Class B ordinary shares
	As Previously Reported		Adjustment		As Restated
Form 10-K/A (December 31, 2020)
Net loss	$	(11,799,629)	$	—	$	(11,799,629)
Weighted average shares outstanding		10,350,000		—		10,350,000
Basic and diluted loss per share	$	(1.14)	$	0.48	$	(0.66)

	As of December 15, 2020
	As
	Previously		Restatement
	Reported		Adjustment		As Restated
Balance Sheet
Total assets	$	416,788,700	$	—	$	416,788,700
Liabilities, Class A ordinary shares subject to redemption and Shareholders’ equity (deficit)
Total current liabilities	$	762,402	$	—	$	762,402
Deferred underwriting fee payable		14,490,000		—		14,490,000
Derivative liabilities		29,873,200		—		29,873,200
Total liabilities		45,125,602		—		45,125,602
Class A ordinary shares, $0.0001 par value; shares subject to possible redemption		366,663,090		47,336,910		414,000,000
Shareholders’ equity (deficit)
Preference shares - $0.0001 par value		—		—		—
Class A ordinary shares - $0.0001 par value		473		(473)		—
Class B ordinary shares - $0.0001 par value		1,035		—		1,035
Additional paid-in-capital		6,129,570		(6,129,570)		—
Accumulated deficit		(1,131,070)		(41,206,867)		(42,337,937)
Total shareholders’ (deficit)		5,000,008		(47,336,910)		(42,336,902)
Total liabilities, Class A ordinary shares subject to redemption and shareholders’ equity (deficit)	$	416,788,700	$	—	$	416,788,700

Schedule of class A ordinary shares subject to possible redemption

Gross Proceeds for initial public offering and over-allotment	$	414,000,000
Less:		—
Offering costs allocated to Class A shares subject to possible redemption		(22,524,192)
Proceeds allocated to Public Warrants at issuance		(19,458,000)
Plus:
Remeasurement of Class A ordinary shares subject to possible redemption amount		41,982,192
Class A ordinary shares subject to possible redemption	$	414,000,000