| Summary of Revision to Prior Period Financial Statements |
The Company concluded that the misstatement was not material to the Post-IPO Balance Sheet and the misstatement had no material impact to any prior interim period. The effect of the revisions to the Post-IPO Balance Sheet is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
As of March 2, 2021 |
|
| |
|
As Previously
Reported |
|
|
Restatement
Adjustment |
|
|
As Restated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
277,526,800 |
|
|
$ |
— |
|
|
$ |
277,526,800 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and shareholders’ equity |
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
$ |
710,251 |
|
|
$ |
— |
|
|
$ |
710,251 |
|
Deferred underwriting commissions |
|
|
9,625,000 |
|
|
|
— |
|
|
|
9,625,000 |
|
|
|
|
— |
|
|
|
9,153,333 |
|
|
|
9,153,333 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,335,251 |
|
|
|
9,153,333 |
|
|
|
19,488,584 |
|
Class A ordinary shares, $0.001 par value; shares subject to possible redemption |
|
|
262,191,540 |
|
|
|
(9,153,330 |
) |
|
|
253,038,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Preference shares—$0.0001 par value |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Class A ordinary shares—$0.001 par value |
|
|
128 |
|
|
|
92 |
|
|
|
220 |
|
Class B ordinary shares—$0.001 par value |
|
|
690 |
|
|
|
— |
|
|
|
690 |
|
|
|
|
5,052,066 |
|
|
|
275,527 |
|
|
|
5,327,593 |
|
|
|
|
(52,875 |
) |
|
|
(275,622 |
) |
|
|
(328,497 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total shareholders’ equity |
|
|
5,000,009 |
|
|
|
(3 |
) |
|
|
5,000,006 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and shareholders’ equity |
|
$ |
277,526,800 |
|
|
$ |
— |
|
|
$ |
277,526,800 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|