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Restatement of Previously Issued Audited and Unaudited Financial Statements (Tables)
12 Months Ended
Dec. 31, 2020
Colonnade Acquisition Corp.  
Summary of Consolidated Balance Sheets, Statements Of Operations And Cash Flows

The following presents a reconciliation of the consolidated balance sheets, statements of operations and cash flows for the Affected Periods.

 

     As Previously
Reported
     Restatement
Adjustment
     As Restated  

Balance Sheet as of December 31, 2020

        

Public warrants derivative liability

     —          35,800,000        35,800,000  

Private warrants derivative liability

     —          22,834,000        22,834,000  

Total liabilities

     9,348,246        58,634,000        67,982,246  

Class A ordinary shares subject to possible redemption

     186,724,794        (58,633,991      128,090,803  

Class A ordinary shares

     133        586        719  

Additional Paid-In Capital

     7,701,942        48,809,529        56,511,471  

Accumulated Deficit

     (2,702,566      (48,810,124      (51,512,690

Total stockholders’ equity

     5,000,009        (9      5,000,000  

Statement of Operations for the period from June 4, 2020 (Inception) through December 31, 2020

        

Loss from operations

     (2,763,620      —          (2,763,620

Change in fair value of warrant liabilities

     —          (48,439,000      (48,439,000

Allocated expense for warrant issuance cost

     —          371,124        371,124  

Total other income (expense)

     61,054        (48,810,124      (48,749,070

Net loss

     (2,702,566      (48,810,124      (51,512,690

Basic and diluted net loss per share, ordinary shares

     (0.45      (13.07      (13.52

Statement of Cash Flows for the period from June 4, 2020 (Inception) through December 31, 2020

        

Net loss

     (2,702,566      (48,810,124      (51,512,690

Issuance costs related to warrant liability

     —          371,124        371,124  

Change in fair value of warrant liabilities

     —          48,439,000        48,439,000  
     As
Previously
Reported
     Restatement
Adjustment
     As
Restated
 

Balance Sheet as of September 30, 2020

        

Public warrants derivative liability

     —          5,100,000        5,100,000  

Private warrants derivative liability

        3,024,141        3,024,141  

Total liabilities

     7,100,100        8,124,141        15,224,241  

Class A ordinary shares subject to possible redemption

     189,367,849        (8,124,135      181,243,714  

Class A ordinary shares

     106        82        188  

Additional Paid-In Capital

     5,058,839        (1,699,823      3,359,016  

Retained Earnings (Accumulated Deficit)

     (59,514      1,699,735        1,640,221  

Total stockholders’ equity

     5,000,006        (6      5,000,000  

Statement of Operations for the period from June 4, 2020 (inception) through September 30, 2020

        

Loss from operations

     (61,266      —          (61,266

Change in fair value of warrant liabilities

     —          2,070,859        2,070,859  

Allocated expense for warrant issuance cost

     —          371,124        371,124  

Total other income

     1,752        1,699,735        1,701,487  

Net income (loss)

     (59,514      1,699,735        1,640,221  

Basic and diluted net (loss) per share, ordinary shares

     (0.01      —          (3.68

Statement of Operations for the three months ended September 30, 2020

        

Loss from operations

     (56,266      —          (56,266

Change in fair value of warrant liabilities

     —          2,070,859        2,070,859  

Allocated expense for warrant issuance cost

     —          371,124        371,124  

Total other income

     1,752        1,699,735        1,701,487  

Net income (loss)

     (54,514      1,699,735        1,645,221  

Basic and diluted net loss per share, ordinary shares

     (0.01      (2.86      (2.87

Statement of Cash Flows for the period from June 4, 2020 (inception) through September 30, 2020

        

Net income (loss)

     (59,514      1,699,735        1,640,221  

Issuance costs related to warrant liability

     —          371,124        371,124  

Change in fair value of warrant liabilities

     —          (2,070,859      (2,070,859
     As of August 25, 2020  
     As
Previously
Reported
     Restatement
Adjustment
     As
Restated
 

Balance Sheet

        

Public warrants derivative liability

     —          6,400,000        6,400,000  

Private warrants derivative liability

     —          3,795,000        3,795,000  

Total liabilities

     8,191,331        10,195,000        18,386,331  

Class A Ordinary Shares

     106        102        208  

Additional Paid-In Capital

     5,004,328        371,013        5,375,341  

Accumulated Deficit

     (5,000      (371,124      (376,124

Total stockholders’ equity

     5,000,009        (9      5,000,000