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Restatement of Previously Issued Financial Statements (Tables)
12 Months Ended
Dec. 31, 2020
Condensed Financial Information Disclosure [Abstract]  
Schedule of condensed financial statements
 

As
Previously
Reported

 

Adjustment

 

As
restated

Balance sheet as of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

 

$

97,181,794

 

 

$

97,181,794

 

Total liabilities

 

 

13,001,751

 

 

 

97,181,794

 

 

 

110,183,545

 

Ordinary shares subject to possible redemption(1)

 

 

331,774,406

 

 

 

17,808,732

 

 

 

349,583,138

 

Class A ordinary shares

 

 

175

 

 

 

(175

)

 

 

 

Additional paid in capital

 

 

2,416,020

 

 

 

(2,416,020

)

 

 

 

Retained earnings (accumulated deficit)

 

 

2,582,948

 

 

 

(112,574,330

)

 

 

(109,991,382

)

   

 

 

 

 

 

 

 

 

 

 

 

Balance sheet as of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

$

 

 

$

23,387,415

 

 

$

23,387,415

 

Total liabilities

 

 

12,116,731

 

 

 

23,387,415

 

 

 

35,504,146

 

Ordinary shares subject to possible redemption(1)

 

 

331,272,961

 

 

 

16,187,891

 

 

 

347,460,852

 

Class A ordinary shares

 

 

162

 

 

 

(162

)

 

 

 

Additional paid in capital

 

 

2,917,448

 

 

 

(2,917,448

)

 

 

 

Retained earnings (accumulated deficit)

 

 

2,081,499

 

 

 

(36,657,665

)

 

 

(34,576,166

)

   

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations for the year ended
December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Change in warrant liability

 

$

 

 

$

(73,794,379

)

 

$

(73,794,379

)

Net income (loss)

 

 

501,449

 

 

 

(73,794,379

)

 

 

(73,292,930

)

Basic and diluted weighted average shares outstanding

 

 

10,247,054

 

 

 

(1,622,054

)

 

 

8,625,000

 

Basic and diluted net loss per share

 

 

(0.15

)

 

 

(8.59

)

 

 

(8.74

)

   

 

 

 

 

 

 

 

 

 

 

 

Statement of Operations for the Period from February 13, 2019 (Date of Inception) through December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Change in warrant liability

 

$

 

 

$

1,538,409

 

 

$

1,538,409

 

Net income (loss)

 

 

2,081,499

 

 

 

1,538,409

 

 

 

3,619,908

 

Basic and diluted weighted average shares outstanding

 

 

9,142,764

 

 

 

(705,264

)

 

 

8,437,500

 

Basic and diluted net (loss) income per share

 

 

(0.03

)

 

 

0.17

 

 

 

0.14

 

   

 

 

 

 

 

 

 

 

 

 

 

Statement of Cash Flows for the Year Ended
December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

501,449

 

 

$

(73,794,379

)

 

$

(73,292,930

)

Change in fair value of warrant liability

 

 

 

 

 

73,794,379

 

 

 

73,794,379

 

   

 

 

 

 

 

 

 

 

 

 

 

Statement of Cash Flows for the Period from February 13, 2019 (Date of Inception) through December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows from Operating Activities:

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

 

 

$

1,538,409

 

 

$

1,538,409

 

Change in fair value of warrant liability

 

 

 

 

 

(1,538,409

)

 

 

(1,538,409

)

(1)      Class A ordinary shares subject to possible redemption as Previously Reported as of December 31, 2020 and 2019 were 32,751,669 and 32,897,017, that are Adjusted by 1,748,331 and 1,602,983, respectively and are As Restated at 34,500,000 and 34,500,000, respectively.