XML 42 R32.htm IDEA: XBRL DOCUMENT v3.21.4
Restatement of Previously Reported Financial Statements - Schedule of Error Corrections and Prior Period Adjustments (Details) - USD ($)
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total Assets $ 324,159,830 $ 132,904
Total liabilities 11,749,240 126,750
Class A ordinary shares subject to possible redemption 320,000,000  
Preference shares
Additional paid-in capital 0 24,200
Accumulated deficit (7,590,314) (18,846)
Total shareholders' equity (deficit) (7,589,410) 6,154
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit) 324,159,830 132,904
Shares subject to possible redemption (17,455,524)  
Sale of private placement shares to Sponsor in private placement, net of offering costs $ 10,383,883  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding 7,466,667  
Basic and diluted earnings per ordinary share $ (0.04)  
Common Class A [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Class A ordinary shares subject to possible redemption $ 320,000,000  
Common Stock, Value, Issued 104  
Total shareholders' equity (deficit) 104 0
Sale of private placement shares to Sponsor in private placement, net of offering costs 104  
Common Class B [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued [1],[2] 800 800
Total shareholders' equity (deficit) 800 $ 800
Sale of private placement shares to Sponsor in private placement, net of offering costs 0  
As Previously Reported    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total Assets 324,159,830  
Total liabilities 11,749,240  
Class A ordinary shares subject to possible redemption 307,410,580  
Preference shares 0  
Additional paid-in capital 5,541,749  
Accumulated deficit (542,769)  
Total shareholders' equity (deficit) 5,000,010  
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit) 324,159,830  
Supplemental Disclosure of Noncash Financing Activities:    
Initial value of Class A ordinary shares subject to possible redemption 307,243,740  
Change in value of Class A ordinary shares subject to possible redemption 166,840  
As Previously Reported | Shareholder Equity [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total shareholders' equity (deficit) 5,000,010  
Sale of Class A ordinary shares in initial public offering, gross 320,000,000  
Offering costs (17,471,641)  
Sale of private placement shares to Sponsor in private placement 10,400,000  
Shares subject to possible redemption (307,410,580)  
Sale of private placement shares to Sponsor in private placement, net of offering costs 0  
Accretion of Class A ordinary shares subject to redemption 0  
As Previously Reported | Common Class A [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ 230  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding 30,725,168  
Basic and diluted earnings per ordinary share $ 0  
As Previously Reported | Common Class B [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ 800  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding 7,773,461  
Basic and diluted earnings per ordinary share $ (0.07)  
Adjustment    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Class A ordinary shares subject to possible redemption $ 12,589,420  
Preference shares 0  
Additional paid-in capital (5,541,749)  
Accumulated deficit (7,047,545)  
Total shareholders' equity (deficit) (12,589,420)  
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit) 0  
Supplemental Disclosure of Noncash Financing Activities:    
Initial value of Class A ordinary shares subject to possible redemption (307,243,740)  
Change in value of Class A ordinary shares subject to possible redemption (166,840)  
Adjustment | Shareholder Equity [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total shareholders' equity (deficit) (12,589,420)  
Sale of Class A ordinary shares in initial public offering, gross (320,000,000)  
Offering costs 17,471,641  
Sale of private placement shares to Sponsor in private placement (10,400,000)  
Shares subject to possible redemption 307,410,580  
Sale of private placement shares to Sponsor in private placement, net of offering costs 10,383,883  
Accretion of Class A ordinary shares subject to redemption (17,455,524)  
Adjustment | Common Class A [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ (126)  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding (23,258,501)  
Basic and diluted earnings per ordinary share $ (0.04)  
Adjustment | Common Class B [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ 0  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding (297,461)  
Basic and diluted earnings per ordinary share $ 0.03  
As Restated    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total Assets $ 324,159,830  
Total liabilities 11,749,240  
Class A ordinary shares subject to possible redemption 320,000,000  
Preference shares 0  
Additional paid-in capital 0  
Accumulated deficit (7,590,314)  
Total shareholders' equity (deficit) (7,589,410)  
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders' Equity (Deficit) 324,159,830  
Supplemental Disclosure of Noncash Financing Activities:    
Initial value of Class A ordinary shares subject to possible redemption 0  
Change in value of Class A ordinary shares subject to possible redemption 0  
As Restated | Shareholder Equity [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Total shareholders' equity (deficit) (7,589,410)  
Sale of Class A ordinary shares in initial public offering, gross 0  
Offering costs 0  
Sale of private placement shares to Sponsor in private placement 0  
Shares subject to possible redemption 0  
Sale of private placement shares to Sponsor in private placement, net of offering costs 10,383,883  
Accretion of Class A ordinary shares subject to redemption (17,455,524)  
As Restated | Common Class A [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ 104  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding 7,466,667  
Basic and diluted earnings per ordinary share $ (0.04)  
As Restated | Common Class B [Member]    
Error Corrections and Prior Period Adjustments Restatement [Line Items]    
Common Stock, Value, Issued $ 800  
Supplemental Disclosure of Noncash Financing Activities:    
Weighted average shares outstanding 7,476,000  
Basic and diluted earnings per ordinary share $ (0.04)  
[1] On January 29, 2021, the Company effected a share dividend of 12,125,000 Class B ordinary shares, and on February 3 and February 26, 2021, the Sponsor surrendered 5,000,000 and 2,000,000 Class B ordinary shares for no consideration, respectively. The share dividend and share surrender resulted in an aggregate of 8,000,000 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share capitalization. (see Note 4)
[2] This number included up to 1,000,000 Class B ordinary shares (other than the founder shares transferred to the two independent directors) subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters. The underwriters fully exercised the over-allotment option on March 11, 2021; thus, these 1,000,000 Founder Shares are no longer subject to forfeiture. (see Note 4)