| Schedule of effect of the restatement on each financial statement line item |
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June 30, 2021 |
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As Previously |
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Reported |
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Adjustments |
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As Restated |
Balance Sheet (unaudited) |
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Class A common stock subject to possible redemption |
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$ |
175,878,420 |
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$ |
24,121,580 |
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$ |
200,000,000 |
Class A ordinary shares |
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241 |
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(241) |
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— |
Accumulated deficit |
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4,999,264 |
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(24,121,339) |
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(19,122,075) |
Total shareholders' equity (deficit) |
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$ |
5,000,005 |
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$ |
(24,121,580) |
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$ |
(19,121,575) |
Statement of Operations for the Three Months Ended June 30, 2021 (unaudited) |
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Basic and diluted weighted average shares outstanding, Class A ordinary shares |
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17,587,842 |
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2,412,158 |
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20,000,000 |
Basic and diluted net income per share, Class A ordinary shares |
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$ |
0.00 |
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$ |
0.45 |
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$ |
0.45 |
Basic and diluted weighted average shares outstanding, Class B ordinary shares (1) |
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7,412,158 |
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(2,412,158) |
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5,000,000 |
Basic and diluted net income per share, Class B ordinary shares |
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$ |
1.50 |
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$ |
(1.05) |
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$ |
0.45 |
Statement of Operations for the Period from January 22, 2021 (Inception) Through June 30, 2021 (unaudited) |
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Basic and diluted weighted average shares outstanding, Class A ordinary shares |
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17,587,842 |
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(6,810,064) |
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10,777,778 |
Basic and diluted net income per share, Class A ordinary shares |
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$ |
0.00 |
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$ |
0.41 |
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$ |
0.41 |
Basic and diluted weighted average shares outstanding, Class B ordinary shares |
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7,412,158 |
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(3,106,602) |
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4,305,556 |
Basic and diluted net income per share, Class B ordinary shares |
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$ |
0.84 |
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$ |
(0.43) |
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$ |
0.41 |
(1) Prior to the change in presentation for the Class A ordinary shares subject to possible redemption, the Company applied to two class method of earnings per share, allocating net income between redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares. As such, a portion of the Class A ordinary shares were included in non-redeemable Class A and Class B ordinary shares. For purposes of comparability, the previously reported non-redeemable Class A and Class B ordinary shares are included within this line item.
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March 31, 2021 |
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As Previously |
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Reported |
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Adjustments |
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As Restated |
Balance Sheet (unaudited) |
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Class A common stock subject to possible redemption |
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$ |
164,736,630 |
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$ |
35,263,370 |
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$ |
200,000,000 |
Class A ordinary shares |
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353 |
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(353) |
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— |
Additional paid-in capital |
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9,884,326 |
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(9,884,326) |
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— |
Accumulated deficit |
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(4,885,251) |
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(25,378,691) |
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(30,263,942) |
Total shareholders' equity (deficit) |
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$ |
5,000,003 |
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$ |
(35,263,370) |
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$ |
(30,263,367) |
Statement of Operations for the Period from January 22, 2021 (Inception) Through March 31, 2021 (unaudited) |
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Basic and diluted weighted average shares outstanding, Class A ordinary shares |
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16,473,663 |
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(15,140,330) |
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1,333,333 |
Basic and diluted net earnings per share, Class A ordinary shares |
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$ |
0.00 |
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$ |
(1.00) |
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$ |
(1.00) |
Basic and diluted weighted average shares outstanding, Class B ordinary shares (1) |
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8,526,337 |
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(4,970,781) |
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3,555,556 |
Basic and diluted net loss per share, Class B ordinary shares |
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$ |
(0.57) |
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$ |
(0.43) |
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$ |
(1.00) |
(1) Prior to the change in presentation for the Class A ordinary shares subject to possible redemption, the Company applied to two class method of earnings per share, allocating net income between redeemable Class A ordinary shares and non-redeemable Class A and Class B ordinary shares. As such, a portion of the Class A ordinary shares were included in non-redeemable Class A and Class B ordinary
shares. For purposes of comparability, the previously reported non-redeemable Class A and Class B ordinary shares are included within this line item.
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March 25, 2021 |
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As Previously |
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Reported |
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Adjustments |
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As Restated |
Balance Sheet (unaudited) |
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Class A common stock subject to possible redemption |
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$ |
165,863,690 |
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$ |
34,136,310 |
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$ |
200,000,000 |
Class A ordinary shares |
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341 |
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(341) |
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— |
Additional paid-in capital |
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8,756,203 |
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(8,756,203) |
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— |
Accumulated deficit |
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(3,757,113) |
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(25,379,766) |
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(29,136,879) |
Total shareholders' equity (deficit) |
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$ |
5,000,006 |
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$ |
(34,136,310) |
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$ |
(29,136,304) |
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