Quarterly report pursuant to Section 13 or 15(d)

Restatement of Previously Issued Financial Statement as of March 19, 2021 (Tables)

v3.21.1
Restatement of Previously Issued Financial Statement as of March 19, 2021 (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Changes And Error Corrections [Abstract]  
Accounting for Warrants as Components of Equity Instead of as Derivative Liabilities

The Company’s accounting for the Warrants as components of equity instead of as derivative liabilities did not have any effect on the Company’s previously reported investments held in trust or cash.

 

 

 

As

 

 

 

 

 

 

 

 

 

 

 

Previously

 

 

 

 

 

 

As

 

 

 

Reported

 

 

Adjustment

 

 

Restated

 

Balance sheet as of March 19, 2021 (audited)

 

 

 

 

 

 

 

 

 

 

 

 

Warrant Liability

 

$

 

 

$

8,000,000

 

 

$

8,000,000

 

Class A Common Stock Subject to Possible Redemption

 

 

189,561,590

 

 

 

(8,000,000

)

 

 

181,561,590

 

Class A Common Stock

 

 

104

 

 

 

80

 

 

 

184

 

Additional Paid-in Capital

 

 

5,001,302

 

 

 

292,840

 

 

 

5,294,142

 

Accumulated Deficit

 

 

(1,976

)

 

 

(292,920

)

 

 

(294,896

)