XML 56 R44.htm IDEA: XBRL DOCUMENT v3.21.2
Quarterly Financial Information (Details) - Schedule of quarterly financial information - USD ($)
2 Months Ended 3 Months Ended 11 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Aug. 13, 2019
Schedule of quarterly financial information [Abstract]                          
Formation costs and other operating expenses $ 5,000   $ 1,080,155 $ 148,871 $ 153,264 $ 238,549 $ 200,824 $ 147,173 $ 26,355        
Loss from operations (5,000)   (1,080,155) (148,871) (153,264) (238,549) (200,824) (147,173) (26,355)        
Other Income:                          
Interest income   8,812 8,812 87,114 2,017,548 1,593,683 867,168        
Change in fair value of warrant liability [1]   (62,099,708) [2] 2,826,228 [2] (19,520,931) [2] 5,000,031 [2] 3,494,207 [1] (1,955,798) [1] [1]        
Net (loss) income $ (5,000)   $ (63,171,051) $ 2,686,169 $ (19,587,081) $ 6,779,030 $ 4,887,066 $ (1,235,803) $ (26,355)        
Weighted average shares outstanding, basic and diluted (in Shares) 6,382,980 [3] 8,625,000 [4] 8,625,000 [3] 8,625,000 [3] 8,625,000 [3] 8,625,000 [3],[4] 8,625,000 [3] 8,625,000 [3] 6,382,980 [3] 8,437,500 [5] 8,625,000 [5] 8,437,500  
Basic and diluted net (loss) income per ordinary share (in Dollars per share)   $ (7.33) $ 0.31 $ (2.28) $ 0.55 $ 0.38 $ (0.24)        
Current assets                          
Cash and cash equivalents     $ 133,697 $ 217,982 $ 272,257 $ 304,208 $ 497,549 $ 944,979   $ 497,549 $ 133,697 $ 497,549 $ 1,036,349
Prepaid expenses   $ 93,063 59,330 341,445 370,443 403,712 431,294 168,309   431,294 59,330 431,294 179,900
Total current assets     193,027 559,427 642,700 707,920 928,843 1,113,288   928,843 193,027 928,843 1,216,249
Cash and marketable securities held in Trust Account     349,583,138 349,574,326 349,565,514 349,478,401 347,460,852 345,867,168   347,460,852 349,583,138 347,460,852 345,000,000
Deferred offering costs                
Total assets     349,776,165 350,133,753 350,208,214 350,186,321 348,389,695 346,980,456   348,389,695 349,776,165 348,389,695 346,216,249
Current Liabilities                          
Accounts payable and accrued expenses     626,752 12,998 147,400 59,356 41,731 25,353   41,731 626,752 41,731 0
Promissory note payable                
Warrant liability   57,614,968 97,181,794 [6] 35,082,086 [6] 37,908,314 [6] 18,387,385 [6] 23,387,415 [7] 26,881,621 [7]   23,387,415 [7] 97,181,794 [6] 23,387,415 [7] 26,425,984 [7]
Promissory note payable – related party     300,000 200,000         300,000    
Total current liabilities     98,108,546 35,295,084 38,055,714 18,446,741 23,429,146 26,906,974   23,429,146 98,108,546 23,429,146 26,425,984
Deferred underwriting fee payable   12,075,000 12,075,000 12,075,000 12,075,000 12,075,000 12,075,000 12,075,000   12,075,000 12,075,000 12,075,000 12,075,000
Total Liabilities     110,183,546 47,370,084 50,130,714 30,521,741 35,504,146 38,981,974   35,504,146 110,183,546 35,504,146 38,500,984
Ordinary shares subject to possible redemption     349,583,138 [8] 349,574,326 [8] 349,565,514 [8] 349,478,401 [8] 347,460,852 [9] 345,867,168 [9]   347,460,852 [9] 349,583,138 [8] 347,460,852 [9] 345,000,000 [9]
Shareholders’ Equity (Deficit)                          
Preferred shares, $0.0001 par value; 1,000,000 shares    
Class A ordinary shares, $0.0001 par value   [10] [10] [10] [10] [10] [10]   [10] [10] [10] [10]
Class B ordinary shares, $0.0001 par value   863 863 863 863 863 863 863   863 863 863 863
Additional paid in capital   [11] [11] [11] [11] [12] [12]   [12] [11] [12] [12]
(Accumulated Deficit)   $ (71,492,479) (109,991,382) [13] (46,811,520) [13] (49,488,877) [13] (29,814,684) [13] (34,576,166) [13] (37,869,549) [13]   (34,576,166) [13] (109,991,382) [13] (34,576,166) [13] (37,285,598) [13]
Total Shareholders’ Equity (Deficit)     (109,990,519) (46,810,657) (49,488,014) (29,813,821) (34,575,303) (37,868,686)   (34,575,303) (109,990,519) (34,575,303) (37,284,735)
Total liabilities and stockholders’ equity     $ 349,776,165 $ 350,133,753 $ 350,208,214 $ 350,186,321 $ 348,389,695 $ 346,980,456   $ 348,389,695 $ 349,776,165 $ 348,389,695 $ 346,216,249
[1] As restated amount includes change in fair value of warrant liability of $3,494207 and ($1,955,798) in Quarters 4 and 3, respectively.
[2] As restated amount includes change in fair value of warrant liability of $3,494207 and ($1,955,798) in Quarters 4 and 3, respectively.
[3] Excludes an aggregate of up to 34,500,000 shares subject to redemption at December 31, 2020.
[4] Excludes an aggregate of up to 34,500,000,shares subject to redemption at March 31, 2021 and 2020, respectively (See Note 8).
[5] excludes an aggregate of up to 34,500,000 and 34,500,000 shares subject to redemption at December 31, 2020 and 2019, respectively (See Note 7).
[6] As restated amount includes an additional $97,181,794, 35,082,086, $37,908,314, and 18,387,385 for the 4th, 3rd, 2nd and 1st quarters, respectively.
[7] As restated amount includes an additional $97,181,794, 35,082,086, $37,908,314, and 18,387,385 for the 4th, 3rd, 2nd and 1st quarters, respectively.
[8] As restate amount includes an increase of $17,808,732, $16,728,581, $16,579,701 and $16,426,469 for the 4th, 3rd, 2nd and 1st quarters, respectively.
[9] As restate amount includes an increase of $17,808,732, $16,728,581, $16,579,701 and $16,426,469 for the 4th, 3rd, 2nd and 1st quarters, respectively.
[10] As restated amount includes a decrease of 160, 162 and 159 or the 4th and 3rd quarters and on August 13, 2019.
[11] As restated amount includes a decrease of $2,917,479, 4,310,339 and $5,049,201 or the 4th and 3rd quarters and on August 13, 2019.
[12] As restated amount includes a decrease of $2,917,479, 4,310,339 and $5,049,201 or the 4th and 3rd quarters and on August 13, 2019.
[13] As restated amount includes a decrease of $36,657,666, $38,558,188 and $37,235,353 for the 4th and 3rd quarters and on August 13, 2019.