Summarize the effect of the revision to the Post-IPO Balance Sheet |
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As of February 2, 2021 |
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As Previously |
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Revised |
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Reported |
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Adjustment |
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As Revised |
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Balance Sheet |
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Total assets |
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$ |
289,785,365 |
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$ |
— |
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$ |
289,785,365 |
Liabilities, redeemable non-controlling interest and shareholders’ equity |
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Total current liabilities |
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$ |
642,351 |
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$ |
— |
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$ |
642,351 |
Deferred underwriting commissions |
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10,062,500 |
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— |
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10,062,500 |
Derivative warrant liabilities |
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— |
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10,638,000 |
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10,638,000 |
Total liabilities |
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10,704,851 |
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10,638,000 |
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21,342,851 |
Class A ordinary shares, $0.0001 par value; shares subject to possible redemption |
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274,080,510 |
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(10,638,000) |
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263,442,510 |
Shareholders’ equity |
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Preference shares - $0.0001 par value |
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— |
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— |
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— |
Class A ordinary shares - $0.0001 par value |
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214 |
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107 |
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321 |
Class B ordinary shares - $0.0001 par value |
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719 |
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— |
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719 |
Additional paid-in-capital |
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5,030,402 |
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590,767 |
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5,621,169 |
Accumulated deficit |
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(31,331) |
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(590,874) |
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(622,205) |
Total shareholders’ equity |
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5,000,004 |
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— |
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5,000,004 |
Total liabilities and shareholders’ equity |
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$ |
289,785,365 |
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$ |
— |
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$ |
289,785,365 |
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