General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2021
Dec. 31, 2020
Current Assets    
Cash $ 13,735 $ 950,537
Prepaid expenses 97,122 113,562
Due from related party 30,000
Total Current Assets 140,857 1,064,099
Security deposit 329 329
Investment held in trust account 350,119,600 350,219,336
TOTAL ASSETS 350,260,786 351,283,764
Current liabilities    
Accrued expenses 270,889 239,531
Income taxes payable 11,509 11,509
Total Current Liabilities 282,398 251,040
Derivative warrant liabilities 36,124,180 66,126,490
Deferred underwriting fee payable 13,150,000 13,150,000
Total Liabilities 49,556,578 79,527,530
Commitments and Contingencies
Class A common stock subject to possible redemption, 29,570,420 and 26,675,623 shares at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively 295,704,200 266,756,230
Stockholders’ Equity    
Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Class A common stock, $0.0001 par value; 380,000,000 shares authorized; 5,429,580 and 8,324,377 shares issued and outstanding (excluding 29,570,420 and 26,675,623 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively 543 832
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 8,750,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020 875 875
Additional paid-in capital 15,319,795 44,267,467
Accumulated deficit (10,321,205) (39,269,179)
Total Stockholders’ Equity 5,000,008 5,000,004
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 350,260,786 351,283,764
As Restated    
Current Assets    
Cash   950,537
Prepaid expenses   113,562
Total Current Assets   1,064,099
Security deposit   329
Investment held in trust account   350,219,336
TOTAL ASSETS   351,283,764
Current liabilities    
Accrued expenses   239,531
Income taxes payable   11,509
Total Current Liabilities   251,040
Derivative warrant liabilities   66,126,490
Deferred underwriting fee payable   13,150,000
Total Liabilities   79,527,530
Commitments and Contingencies  
Class A common stock subject to possible redemption, 29,570,420 and 26,675,623 shares at $10.00 per share as of June 30, 2021 and December 31, 2020, respectively   266,756,230
Stockholders’ Equity    
Class A common stock, $0.0001 par value; 380,000,000 shares authorized; 5,429,580 and 8,324,377 shares issued and outstanding (excluding 29,570,420 and 26,675,623 shares subject to possible redemption) as of June 30, 2021 and December 31, 2020, respectively   832
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 8,750,000 shares issued and outstanding as of June 30, 2021 and December 31, 2020   875
Additional paid-in capital   44,267,476
Accumulated deficit   (39,269,179)
Total Stockholders’ Equity   5,000,004
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY   $ 351,283,764