Restatement of Previously Issued Financial Statements (Tables)

3 Months Ended

Mar. 31, 2021

Restatement of Previously Issued Financial Statements

Schedule of impact of the restatements on the Company's previously issued financial statements

March 31, 2021 (unaudited)	As Previously Reported		Adjustment		As Restated
Total assets	$	415,862,597	$	—	$	415,862,597
Total liabilities		34,036,805		—		34,036,805
Class A ordinary shares subject to redemption		376,825,790		37,174,210		414,000,000
Preference shares, par value $0.0001		—		—		—
Class A ordinary shares, par value $0.0001		372		(372)		—
Class B ordinary shares, par value $0.0001		1,035		—		1,035
Additional paid-in capital		—		—		—
Accumulated deficit		4,998,595		(37,173,838)		(32,175,243)
Total shareholders’ equity (deficit)		5,000,002		(37,174,210)		(32,174,208)
Total liabilities, Class A ordinary shares subject to redemption and shareholders’ equity (deficit)	$	415,862,597	$	—	$	415,862,597
Class A ordinary shares subject to redemption		37,682,579		3,717,421		41,400,000
Class A ordinary shares		3,717,421		(3,717,421)		—

Three Months Ended March 31, 2021 (unaudited)
	As Previously Reported		Adjustment		As Restated
Supplemental Disclosure of Noncash Financing Activities:
Change in value of Class A ordinary shares subject to possible redemption	$	20,917,820	$	(20,917,820)	$	—

	EPS for Class A ordinary shares
	As Previously Reported		Adjustment		As Restated
Three Months Ended March 31, 2021 (unaudited)
Net income	$	20,917,813	$	—	$	20,917,813
Weighted average shares outstanding		41,400,000		—		41,400,000
Basic and diluted earnings per share	$	—	$	(0.40)	$	0.40

	EPS for Class B ordinary shares
	As Previously Reported		Adjustment		As Restated
Three Months Ended March 31, 2021 (unaudited)
Net income	$	20,917,813	$	—	$	20,917,813
Weighted average shares outstanding		10,350,000		—		10,350,000
Basic and diluted earnings per share	$	2.02	$	(1.62)	$	0.40

Schedule of Class A ordinary shares subject to possible redemption reflected on the condensed balance sheet

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