Restatement of Previously Issued Financial Statements (Tables)

9 Months Ended

Sep. 30, 2021

Condensed Financial Information Disclosure [Abstract]

Schedule of impact on revision of financial statements

Balance Sheet as of February 16, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Class A ordinary shares subject to possible redemption	$	210,576,766		$	42,423,234		$	253,000,000
Class A ordinary shares	$	424		$	(424	)	$	—
Additional paid-in capital	$	5,303,723		$	(5,303,723	)	$	—
Accumulated deficit	$	(304,770	)	$	(37,119,087	)	$	(37,423,857	)
Total Shareholders’ Equity (Deficit)	$	5,000,010		$	(42,423,234	)	$	(37,423,224	)

Balance Sheet as of March 31, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Class A ordinary shares subject to possible redemption	$	208,995,955		$	44,004,045		$	253,000,000
Class A ordinary shares	$	440		$	(440	)	$	—
Additional paid-in capital	$	6,884,518		$	(6,884,518	)	$	—
Accumulated deficit	$	(1,885,581	)	$	(37,119,087	)	$	(39,004,668	)
Total Shareholders’ Equity (Deficit)	$	5,000,010		$	(44,004,045	)	$	(39,004,035	)

Balance Sheet as of June 30, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Class A ordinary shares subject to possible redemption	$	208,257,092		$	44,742,908		$	253,000,000
Class A ordinary shares	$	448		$	(448	)	$	—
Additional paid-in capital	$	7,623,373		$	(7,623,373	)	$	—
Accumulated deficit	$	(2,624,449	)	$	(37,119,087	)	$	(39,743,536	)
Total Shareholders’ Equity (Deficit)	$	5,000,005		$	(44,742,908	)	$	(39,742,903	)

Schedule of impact on revision of income statements

Statement of Operations For the Three months ended March 31, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Weighted average shares outstanding, Class A ordinary shares (redeemable)		—			12,087,778			12,087,778
Basic and diluted net income per Class A ordinary shares (redeemable)	$	—		$	2.97		$	2.97
Weighted average shares outstanding, Class B ordinary shares (non redeemable)		7,921,054			(2,026,887	)		5,894,167
Basic and diluted net loss per Class B ordinary shares (non redeemable)	$	(0.24	)	$	0.14		$	(0.10	)

Statements of Operations For the Three months ending June 30, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Weighted average shares outstanding, Class A ordinary shares (redeemable)		—			25,300,000			25,300,000
Basic and diluted net loss per Class A ordinary shares (redeemable)	$	—		$	(0.02	)	$	(0.02	)
Weighted average shares outstanding, Class B ordinary shares (non redeemable)		10,726,807			(4,401,807	)		6,325,000
Basic and diluted net loss per Class B ordinary shares (non redeemable)	$	(0.07	)	$	0.05		$	(0.02	)

Statements of Operations For the Six months ended June 30, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Weighted average shares outstanding, Class A ordinary shares (redeemable)		—			18,730,387			18,730,387
Basic and diluted net income per Class A ordinary shares (redeemable)	$	—		$	1.88		$	1.88
Weighted average shares outstanding, Class B ordinary shares (non redeemable)		9,386,872			(3,276,099	)		6,110,773
Basic and diluted net loss per Class B ordinary shares (non redeemable)	$	(0.28	)	$	0.17		$	(0.11	)

* The “As previously reported” weighted average shares outstanding and basic and diluted net loss per share included Class B shares and Class A shares that were classified to equity.

Schedule of weighted average shares outstanding and basic and diluted net loss

Statement of Changes in Shareholders’ (Deficit) Equity for the Three Months ended March 31, 2021 (unaudited)	As Previously Reported			Adjustment			As Restated
Sale of 25,300,000 Class A shares, $0.0001 par value; 500,000,000 shares authorized; 25,300,000 shares subject to redemption, net of underwriting discounts and offering costs	$	208,796,106		$	(208,796,106	)	$	—
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized, 6,325,000 shares issued and outstanding	$	633		$	—		$	633
Sale of 7,060,000 Private Placement Warrants	$	7,060,000		$	(7,060,000	)	$	—
Class A ordinary shares subject to possible redemption	$	(208,995,515	)	$	208,995,515		$	—
Accretion for Class A ordinary shares subject to redemption amount	$	—		$	(37,143,454	)	$	(37,143,454	)
Additional paid-in capital	$	6,884,518		$	(6,884,518	)	$	—
Accumulated deficit	$	(1,885,581	)	$	(37,119,087	)	$	(39,004,668	)
Total Shareholders’ Equity (Deficit)	$	5,000,010		$	(44,004,045	)	$	(39,004,035	)
Statement of Changes in Shareholders’ (Deficit) Equity for the Three Months ended June 30, 2021 (unaudited)
Class A ordinary shares subject to possible redemption	$	738,863		$	(738,863	)	$	—
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized, 6,325,000 shares issued and outstanding	$	633			—		$	633
Additional paid-in capital	$	7,623,373		$	(7,623,373	)	$	—
Accumulated deficit	$	(2,624,449	)	$	(37,119,087	)	$	(39,743,536	)
Total Shareholders’ Equity (Deficit)	$	5,000,005		$	(44,742,908	)	$	(39,742,903	)
Statement of Cash Flows for the Period from January 1, 2021 through March 31, 2021, Non-Cash Investing and Financing Activities (unaudited)
Initial classification of Class A ordinary shares subject to possible redemption	$	—		$	253,000,000		$	253,000,000
Statement of Cash Flows for the Six Months Ended June 30, 2021, Non-Cash Investing and Financing Activities (unaudited)
Initial classification of Class A ordinary shares subject to possible redemption	$	240,641,840		$	12,358,160		$	253,000,000
Change in value of Class A ordinary shares subject to redemption	$	(32,384,748	)	$	32,384,748		$	—