Restatement of Previously Issued Financial Statements (Tables)
|
10 Months Ended |
Dec. 31, 2020 |
|---|
| Restatementof Previously Issued Financial Statements [Abstract] |
|
| Schedule of consolidated balance sheet |
|
|
|
As Previously
Reported
|
|
Adjustment
|
|
As Restated
|
|
Balance Sheet as of June 30, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant liability
|
|
$
|
|
|
|
|
28,883,589 |
|
|
$
|
28,883,589 |
|
|
Total Liabilities
|
|
|
13,150,000 |
|
|
|
28,883,589 |
|
|
|
42,033,589 |
|
|
Class A common stock, subject to redemption
|
|
|
333,288,890 |
|
|
|
(28,883,589 |
)
|
|
|
304,405,301 |
|
|
Class A Common Stock
|
|
|
167 |
|
|
|
289 |
|
|
|
456 |
|
|
Additional paid-in capital
|
|
|
5,001,029 |
|
|
|
|
|
|
|
6,618,781 |
|
|
Accumulated deficit
|
|
|
(2,062 |
)
|
|
|
(1,618,041 |
)
|
|
|
(1,620,103 |
)
|
|
Total Stockholders’ Equity (deficit)
|
|
|
5,000,010 |
|
|
|
|
|
|
|
5,000,010 |
|
|
Balance Sheet as of September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liability
|
|
$
|
|
|
|
$
|
28,046,317 |
|
|
$
|
28,046,317 |
|
|
Total Liabilities
|
|
|
13,242,334 |
|
|
|
28,046,317 |
|
|
|
41,288,651 |
|
|
Class A Common Stock, subject to possible redemption
|
|
|
333,100,530 |
|
|
|
(28,046,317 |
)
|
|
|
305,054,213 |
|
|
Class A common stock
|
|
|
169 |
|
|
|
289 |
|
|
|
458 |
|
|
Additional paid-in capital
|
|
|
5,189,387 |
|
|
|
780,480 |
|
|
|
5,969,867 |
|
|
Accumulated deficit
|
|
|
(190,427 |
)
|
|
|
(780,769 |
)
|
|
|
(971,196 |
)
|
|
Total Stockholders’ Equity (deficit)
|
|
|
5,000,004 |
|
|
|
|
|
|
|
5,000,004 |
|
|
Balance Sheet as of December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Warrant Liability
|
|
$
|
|
|
|
$
|
66,126,490 |
|
|
$
|
66,126,490 |
|
|
Total Liabilities
|
|
|
13,401,040 |
|
|
|
66,126,490 |
|
|
|
79,527,530 |
|
|
Class A common stock
|
|
|
332,882,720 |
|
|
|
(66,126,490 |
)
|
|
|
266,756,230 |
|
|
Shareholder’s equity Class A Common Stock
|
|
|
171 |
|
|
|
661 |
|
|
|
832 |
|
|
Additional paid-in capital
|
|
|
5,407,195 |
|
|
|
38,860,281 |
|
|
|
44,267,476 |
|
|
Accumulated deficit
|
|
|
(408,237 |
)
|
|
|
(38,860,942 |
)
|
|
|
(39,269,179 |
)
|
|
Total Stockholders’ Equity (deficit)
|
|
|
5,000,004 |
|
|
|
|
|
|
|
5,000,004 |
|
|
| Schedule of consolidated statement of operations |
|
|
|
As Previously
Reported
|
|
Adjustments
|
|
As Restated
|
|
Statement of Operations for the period from March 6, 2020 to June 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Formation and operating costs
|
|
$
|
2,062 |
|
|
$
|
551,352 |
|
|
$
|
553,414 |
|
|
Change in the fair value of the warrants
|
|
|
|
|
|
|
1,066,689 |
|
|
|
1,066,689 |
|
|
(Loss) Gain before provision for income taxes
|
|
|
(2,062 |
)
|
|
|
(1,618,041 |
)
|
|
|
(1,620,103 |
)
|
|
Provision for income taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss) gain
|
|
|
(2,062 |
)
|
|
|
(1,618,041 |
)
|
|
|
(1,620,103 |
)
|
|
Basic and diluted net income per common share, Class A,
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic and diluted net (loss) income per common share, Class B
|
|
|
(0.00 |
)
|
|
|
(0.19 |
)
|
|
|
(0.19 |
)
|
|
Statement of Operations for the three months ended September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Formation and operating costs
|
|
|
284,765 |
|
|
|
|
|
|
|
284,765 |
|
|
Change in fair value of warrants
|
|
$
|
|
|
|
$
|
837,272 |
|
|
$
|
837,272 |
|
|
(Loss) Gain before provision for income taxes
|
|
|
(176,031 |
)
|
|
|
837,272 |
|
|
|
661,241 |
|
|
Provision for income taxes
|
|
|
(12,334 |
)
|
|
|
|
|
|
|
(12,334 |
)
|
|
Net (loss) gain
|
|
|
(188,365 |
)
|
|
|
837,272 |
|
|
|
(648,907 |
)
|
|
Basic and diluted net income per common share, Class A
|
|
|
0.00 |
|
|
|
0.02 |
|
|
|
0.02 |
|
|
Basic and diluted net (loss) income per common share, Class B
|
|
|
(0.03 |
)
|
|
|
(0.04 |
)
|
|
|
(0.07 |
)
|
|
Statement of Operations for the Period From March 6, 2020 (inception) to September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Formation and operating costs
|
|
$
|
286,827 |
|
|
$
|
551,352 |
|
|
$
|
838,179 |
|
|
Loss from operations
|
|
|
(286,827 |
)
|
|
|
(551,352 |
)
|
|
|
(838,179 |
)
|
|
Change in fair value of derivative warrant liability
|
|
|
|
|
|
|
(229,417 |
)
|
|
|
(229,417 |
)
|
|
(Loss) Gain before provision for income taxes
|
|
|
(178,093 |
)
|
|
|
(780,769 |
)
|
|
|
(958,862 |
)
|
|
Provision for income taxes
|
|
|
(12,334 |
)
|
|
|
|
|
|
|
(12,334 |
)
|
|
Net (loss) gain
|
|
|
(190,427 |
)
|
|
|
(780,769 |
)
|
|
|
(971,196 |
)
|
|
Basic and diluted net income per common share, Class A
|
|
|
0.00 |
|
|
|
0.00 |
|
|
|
0.00 |
|
|
Basic and diluted net (loss) income per common share, Class B
|
|
|
(0.03 |
)
|
|
|
0.06 |
|
|
|
(0.03 |
)
|
|
Statement of Operations for the Period From March 6, 2020 (inception) to December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Formation and operating costs
|
|
$
|
616,065 |
|
|
$
|
551,352 |
|
|
$
|
1,167,417 |
|
|
Loss from operations
|
|
|
(616,065 |
)
|
|
|
(551,352 |
)
|
|
|
(1,167,417 |
)
|
|
Change in fair value of warrants
|
|
|
|
|
|
|
(38,309,590 |
)
|
|
|
(38,309,590 |
)
|
|
Loss before provision for income taxes
|
|
|
(396,728 |
)
|
|
|
(38,860,942 |
)
|
|
|
(39,257,670 |
)
|
|
Provision for income taxes
|
|
|
11,509 |
|
|
|
|
|
|
|
11,509 |
|
|
Net (loss) gain
|
|
|
(408,237 |
)
|
|
|
(38,860,942 |
)
|
|
|
(39,269,179 |
)
|
|
Basic and diluted net income per common share, Class A
|
|
|
0.00 |
|
|
|
|
|
|
|
|
|
|
Basic and diluted net (loss) income per common share, Class B
|
|
|
(0.05 |
)
|
|
|
(4.44 |
)
|
|
|
(4.49 |
)
|
|
| Schedule of statement of cash flows |
|
Statement of Cash Flows
|
|
As Previously Reported
|
|
Adjustments
|
|
As Restated
|
|
Period from March 6, 2020 (inception) to June 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(2,062 |
)
|
|
$
|
(1,618,041 |
)
|
|
$
|
(1,620,103 |
)
|
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expenses allocated to operations from offering costs related to derivative warrant liability
|
|
|
|
|
|
|
1,618,041 |
|
|
|
1,618,041 |
|
|
Non-cash investing and financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial classification of common stock subject to possible redemption
|
|
|
333,288,890 |
|
|
|
(28,883,589 |
)
|
|
|
304,405,301 |
|
|
Adjustment of common stock par value
|
|
|
|
|
|
|
289 |
|
|
|
289 |
|
|
Period from March 6, 2020 (inception) to September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net (loss)/gain
|
|
$
|
(190,427 |
)
|
|
$
|
(780,769 |
)
|
|
$
|
(971,196 |
)
|
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrants
|
|
$
|
|
|
|
|
229,417 |
|
|
|
229,417 |
|
|
Expenses allocated to operations from offering costs related to derivative warrant liability
|
|
|
|
|
|
|
551,352 |
|
|
|
551,352 |
|
|
Non-cash investing and financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial classification of common stock subject to possible redemption
|
|
|
333,288,890 |
|
|
|
(28,046,317 |
)
|
|
|
305,242,573 |
|
|
Change in value of common stock subject to possible redemption
|
|
|
(188,360 |
)
|
|
|
(460,552 |
)
|
|
|
(648,912 |
)
|
|
Adjustment of common stock par value
|
|
|
|
|
|
|
289 |
|
|
|
289 |
|
|
Period from March 6, 2020 (inception) to December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from Operating Activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(408,237 |
)
|
|
$
|
(38,860,942 |
)
|
|
$
|
(39,269,179 |
)
|
|
Adjustments to reconcile net loss to net cash used in operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrants
|
|
$
|
|
|
|
|
38,309,590 |
|
|
|
38,309,590 |
|
|
Expenses allocated to operations from offering costs related to derivative warrant liability
|
|
|
|
|
|
|
1,618,041 |
|
|
|
1,618,041 |
|
|
Non-cash investing and financing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Initial classification of common stock subject to possible redemption
|
|
|
333,288,890 |
|
|
|
(66,126,490 |
)
|
|
|
267,162,400 |
|
|
Change in value of common stock subject to possible redemption
|
|
|
(406,170 |
)
|
|
|
38,704,153 |
|
|
|
38,397,983 |
|
|