| Schedule of The impact of the revision on the Company's financial statements |
The impact of the revision on the Company’s financial statements is reflected in the following table.
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As Previously |
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Reported |
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Adjustment |
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As Revised |
Balance Sheet as of December 31, 2020 (audited) |
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Class A common stock subject to possible redemption |
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$ |
282,835,800 |
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$ |
51,379,900 |
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$ |
334,215,700 |
Class A common stock |
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$ |
514 |
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$ |
(514) |
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$ |
— |
Additional paid-in capital |
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$ |
22,899,178 |
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$ |
(22,899,178) |
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$ |
— |
Accumulated deficit |
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$ |
(17,900,526) |
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$ |
(28,480,207) |
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$ |
(46,380,733) |
Total Stockholders’ Equity (Deficit) |
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$ |
5,000,003 |
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$ |
(51,379,900) |
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$ |
(46,379,897) |
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Statement of Cash Flows for the period from May 22, 2020 (inception) through September 30, 2020 (unaudited) |
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Initial classification of Class A common stock subject to possible redemption |
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$ |
300,019,603 |
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$ |
34,196,097 |
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$ |
334,215,700 |
Change in value of Class A common stock subject to possible redemption |
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$ |
101,350 |
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$ |
(101,350) |
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$ |
— |
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