Registration of securities issued in business combination transactions

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
3 Months Ended 10 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Accounting Policies [Abstract]    
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

 

Three Months Ended
March 31,
2021

 

For the Period from March 6,
2020
(Inception) Through March 31,

2020

Redeemable Class A Common Stock

 

 

 

 

 

 

 

 

Numerator: Earnings allocable to Redeemable Class A Common Stock

 

 

 

 

 

 

 

 

Interest Income

 

$

60,633

 

 

$

 

Income and Franchise Tax

 

 

(52,233

)

 

 

 

Net Earnings

 

$

8,400

 

 

$

 

Denominator: Weighted Average Redeemable Class A Common Stock

 

 

 

 

 

 

 

 

Redeemable Class A Common Stock, Basic and Diluted

 

 

35,000,000

 

 

 

 

Earnings/Basic and Diluted Redeemable Class A Common Stock

 

$

0.00

 

 

$

 

   

 

 

 

 

 

 

 

Non-Redeemable Class B Common Stock

 

 

 

 

 

 

 

 

Numerator: Net Income (Loss) minus Redeemable Net Earnings

 

 

 

 

 

 

 

 

Net Income (Loss)

 

$

35,849,811

 

 

$

(1,000

)

Redeemable Net Earnings

 

 

(8,400

)

 

 

 

Non-Redeemable Net Income (Loss)

 

$

35,841,411

 

 

$

(1,000

)

Denominator: Weighted Average Non-Redeemable Class B Common Stock

 

 

 

 

 

 

 

 

Non-Redeemable Class B Common Stock, Basic and Diluted

 

 

8,750,000

 

 

 

7,625,000

 

Income (Loss)/Basic and Diluted Non-Redeemable Class B Common Stock

 

$

4.10

 

 

$

 

 

For the Period From March 6, 2020 (inception) Through December 31, 2020

   

As Previously
Report

 

Adjustments

 

As Restated

Redeemable Class A Common Stock

   

 

   

 

   

 

Numerator: Earnings allocable to Redeemable Class A Common Stock

   

 

   

 

   

 

Interest Income

 

219,337

 

 

 

 

219,337

 

Income and Franchise Tax

 

(176,040

)

   

 

 

(176,040

)

Net Earnings

 

43,297

 

 

 

 

43,297

 

Denominator: Weighted Average Redeemable Class A Common Stock

   

 

   

 

   

 

Redeemable Class A Common Stock, Basic and Diluted

 

35,000,000

 

 

 

 

35,000,000

 

Earnings/Basic and Diluted Redeemable Class A Common Stock

 

0.00

 

 

 

 

0.00

 

Non-Redeemable Class B Common Stock

   

 

   

 

   

 

Numerator: Net Loss minus Redeemable Net Earnings

   

 

   

 

   

 

Net Loss

 

(408,237

)

 

(38,860,942

)

 

(39,269,179

)

Redeemable Net Earnings

 

(43,297

)

 

 

 

(43,297

)

Non-Redeemable Net Loss

 

(451,534

)

 

(38,860,942

)

 

(39,312,476

)

Denominator: Weighted Average Non-Redeemable Class B Common Stock

   

 

   

 

   

 

Non-Redeemable Class B Common Stock, Basic and Diluted

 

8,750,000

 

 

 

 

8,750,000

 

Loss/Basic and Diluted Non-Redeemable Class B Common Stock

 

(0.05

)

 

(4.44

)

 

(4.49

)