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

RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

v3.21.2
RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)
3 Months Ended
Dec. 31, 2020
Accounting Changes and Error Corrections [Abstract]  
Schedule of company's previously reported operating expenses, cash flows or cash
    
As

Previously
Reported
   
Adjustments
   
As Restated
 
       
Balance sheet as of December 4, 2020
                        
       
Warrant Liability
   $ —       $ 18,190,000     $ 18,190,000  
       
Common Stock Subject to Possible Redemption
     217,972,620       (18,190,000     199,782,620  
       
Common Stock
     695       182       877  
       
Additional
Paid-in
Capital
     5,000,411       701,197       5,701,608  
       
Accumulated Deficit
     (1,096     (701,379     (702,475
       
Balance sheet as of December 31, 2020
                        
       
Common Stock
     697       198       895  
       
Additional
Paid-in
Capital
     5,201,592       2,291,188       7,492,780  
       
Accumulated Deficit
     (202,287     (2,291,379     (2,493,666
       
Stockholders’ Equity
     5,000,002       7       5,000,009  
       
Statement of Operations for the Period from September 23,2020 (inception) to December 31, 2020
                        
Change in fair value of Warrants
   $ —       $ (1,590,000   $ (1,590,000
       
Transaction costs attributable to Warrants
             (701,379     (701,379
       
Net loss
     (202,287     (2,291,379     (2,493,666
       
Weighted average shares outstanding, Common stock subject to possible redemption
     21,797,262       (1,819,000     19,978,262  
       
Basic and diluted net income per share, Common stock subject to possible redemption
     0.00       —         0.00  
       
Weighted average shares outstanding, Common stock
     6,081,367       501,153       6,582,520  
       
Basic and diluted net loss per share, Common stock
     (0.03     (0.34     (0.37
       
Cash Flow Statement for the Period from September 23, 2020 (inception) to December 31, 2020
                        
       
Net loss
   $ (202,287   $ (2,291,379   $ (2,493,666
       
Change in fair value of Warrants
     —         1,590,000       1,590,000  
       
Transaction costs attributable to Warrants
             701,379       701,379  
       
Initial classification of common stock subject to possible redemption
     217,972,620       (18,190,000     199,782,620  
       
Change in value of common stock subject to possible redemption
     (201,183     (1,590,007     (1,791,190
 
Statement of Changes in Stockholders’ Equity for the Period from September 23, 2020 (inception) to December 31, 2020
 
    
Common Stock
   
Additional Paid-in
   
Accumulated
   
Total Stockholders’
 
    
Shares
   
Amount
   
Capital
   
Deficit
   
Equity
 
Common stock subject to possible redemption – As Previously Reported
     (21,780,266   $ (2,178   $ (217,769,259   $ —       $ (217,771,437
Common stock subject to possible redemption – Adjustments
     1,978,284       198       19,779,809       —         19,780,007  
Common stock subject to possible redemption – As Restated
     (19,801,982     (1,980     (197,989,450     —         (197,991,430
Net loss – As Previously Reported
     —         —         —         (202,287     (202,287
Net loss – Adjustments
     —         —         —         (2,291,379     (2,291,379
Net loss – As Restated
     —         —         —         (2,493,666     (2,493,666
Balance at December 31, 2020 – As Previously Reported
     6,969,734       697       5,201,592       (202,287     5,000,002  
Balance at December 31, 2020 –Adjustments
     1,978,284       198       2,291,188       (2,291,379     7  
Balance at December 31, 2020 – As Restated
     8,948,018       895       7,492,780       (2,493,666     5,000,009