Annual report pursuant to Section 13 and 15(d)

DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Tables)

v3.21.1
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Tables)
6 Months Ended
Dec. 31, 2020
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS.  
Summary of restated non-cash items

 

 

 

 

 

 

 

 

 

 

 

 

 

As

    

 

 

    

 

 

 

 

Previously 

 

 

 

 

 

 

 

    

Reported

    

Adjustments

    

As Restated

 

 

 

 

 

 

 

 

 

 

Balance Sheet as of October 2, 2020, as adjusted for exercise of over-allotment (filed on October 20, 2020)

 

 

 

 

 

 

 

 

 

Warrant liabilities

 

$

 —

 

$

14,583,290

 

$

14,583,290

Class A common stock subject to possible redemption

 

$

238,374,990

 

$

(14,583,290)

 

$

223,791,700

Class A common stock

 

$

107

 

$

143

 

$

250

Additional paid-in capital

 

$

6,421,281

 

$

(143)

 

$

6,421,138

Accumulated deficit

 

$

(1,000)

 

$

 —

 

$

(1,000)

Total stockholders' equity

 

$

6,420,982

 

$

 —

 

$

6,420,982

 

 

 

 

 

 

 

 

 

 

Balance Sheet as of December 31, 2020

 

 

  

 

 

  

 

 

  

Warrant liabilities

 

$

 —

 

$

22,436,103

 

$

22,436,103

Class A common stock subject to possible redemption

 

$

238,374,990

 

$

(21,199,768)

 

$

217,175,222

Class A common stock

 

$

107

 

$

207

 

$

314

Additional paid-in capital

 

$

6,421,281

 

$

6,616,271

 

$

13,037,552

Accumulated deficit

 

$

(185,637)

 

$

(7,852,813)

 

$

(8,038,450)

Total stockholders' equity

 

$

6,236,345

 

$

(1,236,335)

 

$

5,000,010

 

 

 

 

 

 

 

 

 

 

Statement of Operations for the Period from June 24, 2020 (inception) to December 31, 2020

 

 

  

 

 

  

 

 

  

Change in fair value of warrant liabilities

 

$

 —

 

$

(7,852,813)

 

$

(7,852,813)

Net loss

 

$

(185,637)

 

$

(7,852,813)

 

$

(8,038,450)

Basic and diluted net loss per share, excluding Class A common shares subject to possible redemption

 

$

(0.03)

 

$

(1.12)

 

$

(1.15)

 

 

 

 

 

 

 

 

 

 

Statement of Cash Flows for the Period from June 24, 2020 (inception) to December 31, 2020

 

 

  

 

 

  

 

 

  

Cash flows from operating activities:

 

 

  

 

 

  

 

 

  

Net loss

 

$

(185,637)

 

$

(7,852,813)

 

$

(8,038,450)

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

  

 

 

  

 

 

  

Change in fair value of warrant liabilities

 

$

 —

 

$

7,852,813

 

$

7,852,813