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Restatement of Financial Statement (Tables)
6 Months Ended
Jun. 30, 2021
Restatement of Financial Statement  
Schedule of impact to the financial statements

    

As Reported

    

Adjustment

    

As Restated

Balance Sheet as of June 30, 2021

 

  

 

  

 

  

Common stocks subject to possible redemption

$

248,163,320

$

27,836,680

$

276,000,000

Class A Common stocks, $0.0001 par value

 

278

 

(278)

 

Class B Common stocks, $0.0001 par value

 

690

 

 

690

Additional Paid in Capital

 

2,708,613

 

(2,676,613)

 

32,000

Accumulated Deficit

 

(2,290,428)

 

(25,159,789)

 

(22,869,361)

Total Stockholders' Equity (Deficit)

$

5,000,009

$

(27,836,680)

$

(22,836,671)

Number of Class A common stock subject to redemption

 

24,816,332

 

2,783,668

 

27,600,000

Statement of Operations for the three months ended June 30, 2021

 

  

 

  

 

  

Weighted average shares outstanding, Class A common stocks basic and diluted

 

27,600,000

 

 

27,600,000

Weighted average shares outstanding, Class B common stocks basic and diluted

 

6,900,000

 

 

6,900,000

Basic and diluted net income per share, Class A common stock subject to possible redemption

$

$

(0.12)

$

(0.12)

Basic and diluted net income/(loss) per share, Class B common stock

$

(0.58)

$

0.46

$

(0.12)

Statement of Operations for the six months ended June 30, 2021 (per form 10Q filed on August 12, 2021)

 

  

 

  

 

  

Weighted average shares outstanding, Class A common stocks basic and diluted

 

27,600,000

 

(6,404,420)

 

21,348,066

Weighted average shares outstanding, Class B common stocks basic and diluted

 

6,900,000

 

 

6,900,000

Basic and diluted net income per share, Class A common stock subject to possible redemption

$

$

0.08

$

0.08

Basic and diluted net income/(loss) per share, Class B common stock

$

0.33

$

(0.25)

$

0.08

    

As Reported

    

Adjustment

    

As Restated

Statement of Changes in Stockholders' Deficit for the three months ended June 30, 2021

 

  

 

  

 

  

Change in Class A common stock subject to possible redemption

$

3,993,202

$

(3,993,202)

$

    

As Reported

    

Adjustment

    

As Restated

Condensed Statement of Cash Flows for the six months ended June 30, 2021 (unaudited)

 

  

 

  

 

  

Supplemental disclosure of cash flow information:

 

  

 

  

 

  

Initial value of Class A common stocks subject to possible redemption

$

245,211,820

$

30,788,180

$

276,000,000

Change in value of Class A common stocks subject to possible redemption

$

2,951,500

$

2,951,500

$