Report of Independent Registered Public Accounting Firm |
F-2 |
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Balance Sheet (As Restated) |
F-3 |
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Notes to Financial Statement (As Restated) |
F-4 |
Assets |
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Current assets: |
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Cash |
$ | |||
Prepaid expenses |
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Total current assets |
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Cash held in Trust Account |
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Total Assets |
$ |
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Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit |
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Current liabilities: |
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Accounts payable |
$ | |||
Accrued expenses |
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Note payable—related party |
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Total current liabilities |
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Deferred underwriting commissions |
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Derivative liabilities |
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Total liabilities |
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Commitments and Contingencies |
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Class A ordinary shares subject to possible redemption, $ |
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Shareholders’ Deficit: |
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Preference shares, $ |
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Class A ordinary shares, $ |
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Class B ordinary shares, $ |
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Additional paid-in capital |
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Accumulated deficit |
( |
) | ||
Total shareholders’ deficit |
( |
) | ||
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit |
$ |
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Gross proceeds |
$ | |||
Less: |
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Proceeds allocated to public warrants |
( |
) | ||
Class A ordinary shares issuance costs |
( |
) | ||
Plus: |
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Accretion of carrying value to redemption value |
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Class A ordinary shares subject to possible redemption |
$ | |||
• | in whole and not in part; | |
• | at a price of $ | |
• | upon a minimum of | |
• | if, and only if, the last reported sale price (the “closing price”) of Class A ordinary shares equals or exceeds $ |
• | in whole and not in part; | |
• | at $ | |
• | if, and only if, the closing price of Class A ordinary shares equals or exceeds $ | |
• | if the closing price of the Class A ordinary shares for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders is less than $18.00 per share (as adjusted), the Private Placement Warrants must also be concurrently called for redemption on the same terms as the outstanding Public Warrants, as described above. |
Fair Value Measured as of January 12, 2021 |
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Level 1 |
Level 2 |
Level 3 |
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Liabilities: |
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Derivative warrant liabilities - public warrants |
$ | $ | $ | |||||||||
Derivative warrant liabilities - private placement warrants |
$ | $ | $ | |||||||||
Derivative warrant liabilities - forward purchase warrants |
$ | $ | $ |
As of January 12, 2021 |
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Option term (in years) |
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Volatility |
% | |||
Risk-free interest rate |
% | |||
Expected dividends |
% |
As of January 12, 2021 |
As Previously Reported |
Adjustment |
As Restated |
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Total assets |
$ |
$ |
— |
$ |
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Total current liabilities |
— |
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Deferred underwriting commissions |
— | |||||||||||
Derivative warrant liabilities |
— | |||||||||||
Total liabilities |
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Class A ordinary shares subject to possible redemption |
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Preference shares |
— | |||||||||||
Class A ordinary shares |
( |
) | — | |||||||||
Class B ordinary shares |
— | |||||||||||
Additional paid-in capital |
( |
) | — | |||||||||
Accumulated deficit |
( |
) | ( |
) | ( |
) | ||||||
Total shareholders’ equity (deficit) |
( |
) |
( |
) | ||||||||
Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption and Shareholders’ Equity (Deficit) |
$ |
$ |
— |
$ |