| Summary of impact of the revision on the company's financial statements |
The impact to the balance sheet as of March 25, 2021, the balance sheet, income statement and statement of cash flows as of March 31, 2021 and the balance sheet, income statement and statement of cash flows as of June 30, 2021 is presented below:
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Balance Sheet as of March 25, 2021 |
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| Class A ordinary shares subject to possible redemption ($) |
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$ |
316,378,064 |
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|
$ |
33,621,936 |
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$ |
350,000,000 |
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| Class A ordinary shares, $0.0001 par value |
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|
336 |
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(336 |
) |
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|
— |
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| Class B ordinary shares, $0.0001 par value |
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|
1,006 |
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— |
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|
1,006 |
|
Additional Paid-in Capital |
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5,521,316 |
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(5,521,316 |
) |
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— |
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| Accumulated Deficit |
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(522,653 |
) |
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(28,100,284 |
) |
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(28,622,937 |
) |
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| Total Shareholders’ Equity (Deficit) |
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$ |
5,000,005 |
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$ |
(33,621,936 |
) |
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$ |
(28,621,931 |
) |
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| Number of shares subject to redemption |
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31,637,806 |
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3,362,194 |
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35,000,000 |
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Balance Sheet as of March 31, 2021 |
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| Class A ordinary shares subject to possible redemption ($) |
|
$ |
316,168,382 |
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|
$ |
33,831,618 |
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$ |
350,000,000 |
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| Class A ordinary shares, $0.0001 par value |
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|
338 |
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(338 |
) |
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— |
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| Class B ordinary shares, $0.0001 par value |
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|
1,006 |
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|
— |
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|
1,006 |
|
Additional Paid-in Capital |
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|
5,730,996 |
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(5,730,996 |
) |
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— |
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| Accumulated Deficit |
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(732,339 |
) |
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(28,100,284 |
) |
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(28,832,623 |
) |
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| Total Shareholders’ Equity (Deficit) |
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$ |
5,000,001 |
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$ |
(33,831,618 |
) |
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$ |
(28,831,617 |
) |
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| Number of shares subject to redemption |
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31,616,838 |
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3,383,162 |
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35,000,000 |
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Income Statement as of March 31, 2021 |
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| Basic and diluted net loss per share, redeemable Class A ordinary shares |
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$ |
0.00 |
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$ |
(0.02 |
) |
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$ |
(0.02 |
) |
Basic and diluted net loss per share, non-redeemable Class B ordinary shares |
|
$ |
(0.08 |
) |
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$ |
0.06 |
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|
$ |
(0.02 |
) |
Statement of Cash Flows as of March 31, 2021 |
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| Initial classification of Class A ordinary shares subject to possible redemption |
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$ |
316,378,064 |
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$ |
28,621,936 |
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$ |
345,000,000 |
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| Change in value of Class A ordinary shares subject to possible redemption |
|
$ |
(209,682 |
) |
|
$ |
209,682 |
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|
$ |
— |
|
Balance Sheet as of June 30, 2021 |
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| Class A ordinary shares subject to possible redemption ($) |
|
$ |
364,266,740 |
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$ |
38,233,260 |
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$ |
402,500,000 |
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| Class A ordinary shares, $0.0001 par value |
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|
382 |
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(382 |
) |
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— |
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| Class B ordinary shares, $0.0001 par value |
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|
1,006 |
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— |
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|
|
1,006 |
|
Additional Paid-in Capital |
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|
5,993,201 |
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(5,993,201 |
) |
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— |
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| Accumulated Deficit |
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(994,586 |
) |
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(32,239,678 |
) |
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(33,234,264 |
) |
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| Total Shareholders’ Equity (Deficit) |
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$ |
5,000,003 |
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$ |
(38,233,261 |
) |
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$ |
(33,233,258 |
) |
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| Number of shares subject to redemption |
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36,426,674 |
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3,823,326 |
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40,250,000 |
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Income Statement as of June 30, 2021 |
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Three Months ended June 30, 2021 |
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| Basic and diluted net loss per share, redeemable Class A ordinary shares |
|
$ |
0.00 |
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(0.01 |
) |
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|
(0.01 |
) |
Basic and diluted net loss per share, non-redeemable Class B ordinary shares |
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$ |
(0.03 |
) |
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|
0.02 |
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|
(0.01 |
) |
Period from January 13, 2021 (inception) to June 30, 2021 |
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| Basic and diluted net loss per share, redeemable Class A ordinary shares |
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$ |
0.00 |
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(0.02 |
) |
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|
(0.02 |
) |
Basic and diluted net loss per share, non-redeemable Class B ordinary shares |
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$ |
(0.10 |
) |
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|
0.08 |
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|
(0.02 |
) |
Statement of Cash Flows as of June 30, 2021 |
|
| Initial classification of Class A ordinary shares subject to possible redemption |
|
$ |
316,378,064 |
|
|
$ |
28,621,936 |
|
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$ |
345,000,000 |
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| Change in value of Class A ordinary shares subject to possible redemption |
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$ |
47,488,678 |
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$ |
10,011,322 |
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$ |
57,500,000 |
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