Restatement of Previously Issued Financial Statements | Note 2—Restatement of Previously Issued Financial Statements In the Company’s previously issued financial statements, a portion of the public shares were classified as permanent equity to maintain shareholders’ equity of at least $5,000,001 on the basis that the Company can only consummate its initial business combination if the Company has net tangible assets of at least 5,000,001 . The Company revisited its application of ASC 480-10-S99 re-evaluation, 10-Q 10-Q In connection with the change in presentation for the Class A ordinary shares subject to possible redemption, the Company has revised its earnings per ordinary share calculation to allocate income and losses pro rata between the two classes of ordinary shares. This presentation contemplates a Business Combination as the most likely outcome, in which case, both classes of ordinary shares share pro rata in the income and losses of the Company. Impact of the Restatement The impact of the restatement on the Company’s previously presented financial information contained in this report is presented below: As Reported Adjustment As Restated Unaudited Balance Sheet as of March 31, 2021 Class $ 239,250,830 $ 36,749,170 $ 276,000,000 Ordinary shares Class $ 367 $ (367 ) $ — Additional Paid in Capital $ 3,757,506 $ (3,757,506 ) $ — Retained Earnings (Accumulated Deficit) $ 1,241,442 $ (32,991,297 ) $ (31,749,855 ) Total Shareholders’ Equity (Deficit) $ 5,000,005 $ (36,749,170 ) $ (31,749,165 ) Number of shares subject to redemption 23,925,083 3,674,917 27,600,000 As Reported As Adjustment As Restated Unaudited Statements of Operations For the three months ended March 31, 2021 Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 — 27,600,000 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,900,000 — 6,900,000 Basic and diluted net income per ordinary share, Class A $ — $ 0.27 $ 0.34 Basic and diluted net income $ 1.70 $ (1.36 ) $ 0.34 As Reported As Adjustment As Restated Unaudited Balance Sheet as of June 30, 2021 Class A ordinary share subject to possible redemption $ 237,374,770 $ 38,625,230 $ 276,000,000 Ordinary shares Class A, $0.0001 par value $ 386 $ (386 ) $ — Additional Paid in Capital $ 5,633,547 $ (5,633,547 ) $ — Accumulated Deficit $ (634,617 ) $ (32,991,297 ) $ (33,625,914 ) Total Shareholders’ Equity (Deficit) $ 5,000,006 $ (38,625,230 ) $ (33,625,224 ) Number of shares subject to redemption 23,737,477 3,862,523 27,600,000 As Reported Adjustment As Restated Unaudited Statements of Operations For the three months ended June 30, 2021 Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 — 27,600,000 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,900,000 — 6,900,000 Basic and diluted net income per ordinary share, Class A $ — $ (0.05 ) $ (0.05 ) Basic and diluted net loss per ordinary share, $ (0.02 ) $ (0.03 ) $ (0.05 ) As Reported Adjustment As Restated Unaudited Statements of Operations For the six months ended June 30, 2021 Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 — 27,600,000 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,900,000 — 6,900,000 Basic and diluted net income per ordinary share, Class A $ — $ 0.29 $ 0.29 Basic and diluted net income $ 1.43 $ (1.14 ) $ 0.29 | Note 2—Restatement of Previously Issued Financial Statements In accordance with ASC 480-10-S99, $5,000,001. Form 10-Q, Form 10-Q”), re-evaluated 480-10-S99, . The change impacted the Company’s Annual report on Form 10-K/A filed on May 25, 2021 containing restatement of previously issued financial statements as of February 13, 2020, March 31, 2020, June 30, 2020, September 30, 2020, and December 31, 2020 (as described in Note 4), and Quarterly Report on Form 10-Q as of March 31, 2021 filed on May 25, 2021 and Quarterly Report on Form 10-Q as of June 30, 2021 filed on August 13, 2021. The Company’s management and the audit committee of the Company’s Board of Directors concluded that it is to restate the Company’s previously issued financial statements in Annual report on Form 10-K/A filed on May 25, 2021, and Quarterly Report on Form 10-Q as of March 31, 2021 filed on May 25, 2021 and Quarterly Report on Form 10-Q as of June 30, 2021 filed on August 13, 2021. The restated reported values of the Class A ordinary shares subject to possible redemption as accounted for under ASC 480-10-S99 The following tables summarize the effect of the restatement on each financial statement in Annual report on Form 10-K/A filed on May 25, 2021 as of February 13, 2020, March 31, 2020, June 30, 2020, September 30, 2020, and December 31, 2020 line item as of the dates, and for the period, indicated: As Previously Adjustment As Restated Balance Sheet as of February 13, 2020 Class A Ordinary shares subject to possible redemption $ 234,052,236 $ 41,947,764 $ 276,000,000 Class A Ordinary $ 419 $ (419 ) $ — Additional Paid in Capital $ 8,998,141 $ (8,998,141 ) $ — Accumulated Deficit $ (3,999,245 ) $ (32,949,204 ) $ (36,948,449 ) Total Shareholders’ Equity (Deficit) $ 5,000,005 $ (41,947,764 ) $ (36,947,759 ) Number of shares subject to redemption 23,405,224 4,194,776 27,600,000 As Previously Adjustment As Restated Balance Sheet as of March 31, 2020 (unaudited) Class A Ordinary shares subject to possible redemption $ 246,977,618 $ 29,022,382 $ 276,000,000 Class A Ordinary $ 290 $ (290 ) $ — Additional Paid in Capital $ (3,964,388 ) $ 3,964,388 $ — Retained Earnings (Accumulated Deficit) $ 8,963,409 $ (32,986,480 ) $ (24,023,071 ) Total Shareholders’ Equity (Deficit) $ 5,000,001 $ (29,022,382 ) $ (24,022,381 ) Number of shares subject to redemption 24,697,762 2,902,238 27,600,000 As Previously Adjustment As Restated Statement of Operations for the three months ended March 31, 2020 (unaudited) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 (13,186,667 ) 14,413,333 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,474,725 425,275 6,900,000 Basic and diluted net income per ordinary share, Class A $ 0.06 $ 0.36 $ 0.42 Basic and diluted net income $ 1.12 $ (0.70 ) $ 0.42 As Previously Restated in the First Amended Filing Adjustment As Restated Statement of Cash Flows for the three months ended March 31, 202 0 Supplemental disclosure of cash flow information: Initial value of Class A ordinary shares subject to possible redemption $ 264,535,214 $ (264,535,214 ) $ — As Previously Adjustment As Restated Balance Sheet as of June 30, 2020 (unaudited) Class A Ordinary shares subject to possible redemption $ 248,419,296 $ 27,580,704 $ 276,000,000 Class A Ordinary 276 (276 ) — Additional Paid in Capital (5,410,869 ) 5,410,869 — Retained Earnings (Accumulated Deficit) 10,409,904 (32,991,297 ) (22,581,393 ) Total Shareholders’ Equity (Deficit) $ 5,000,001 $ (27,580,704 ) $ (22,580,703 ) Number of shares subject to redemption 24,841,930 2,758,070 27,600,000 As Previously Adjustment As Adjusted Statement of Operations for the three months ended June 30, 2020 (unaudited) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 — 27,600,000 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,900,000 — 6,900,000 Basic and diluted net income per ordinary share, $ — $ 0.04 $ 0.04 Basic and diluted net (loss) income per $ (0.20 ) $ 0.24 $ 0.04 As Previously Restated in the First Amended Adjustment As Adjusted Statement of Operations for the three months ended June 30, 2020 Basic and diluted net income per ordinary share, Class A $ — $ 0.04 $ 0.04 Basic and diluted net loss per ordinary share, Class B $ (0.20 ) $ 0.24 $ 0.04 As Previously Adjustment As Restated Statement of Operations for the six months ended June 30, 2020 (unaudited) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 (6,556,906 ) 21,043,094 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,687,363 212,637 6,900,000 Basic and diluted net income per ordinary share, Class A $ 0.07 $ 0.30 $ 0.37 Basic and diluted net (loss) income per ordinary share, $ 1.29 $ (0.92 ) $ 0.37 As Previously Restated in the First Amended Filing Adjustment As Restated Statement of Cash Flows for the six months ended June 30, 2020 Supplemental disclosure of cash flow information: Initial value of Class A ordinary shares subject to possible redemption $ 264,434,096 $ (264,434,096 ) $ — As Previously Adjustment As Restated Balance Sheet as of September 30, 2020 (unaudited) Class A ordinary shares subject to possible redemption $ 237,171,607 $ 38,828,393 $ 276,000,000 Class A ordinary shares 388 (388 ) — Additional Paid in Capital 5,836,708 (5,836,708 ) — Accumulated Deficit (837,785 ) (32,991,297 ) (33,829,082 ) Total Shareholders’ Equity (Deficit) $ 5,000,001 $ (38,828,393 ) $ (33,828,392 ) Number of shares subject to redemption 23,717,161 3,882,839 27,600,000 As Previously Restated in the First Amended Filing Adjustment As Adjusted Statement of Operations for the three months ended September 30, 202 0 Basic and diluted net income per ordinary share, Class A $ — $ (0.33 ) $ (0.33 ) Basic and diluted net loss per ordinary share, Class B $ (1.63 ) $ 1.30 $ (0.33 ) As Previously Adjustment As Restated Statement of Operations for the nine months ended September 30, 2021 (unaudited) Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 (4,347,253 ) 23,252,747 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,758,759 141,241 6,900,000 Basic and diluted net income (loss) $ 0.07 $ (0.10 ) $ (0.03 ) Basic and diluted net loss per ordinary share, Class B $ (0.39 ) $ 0.36 $ (0.03 ) As Previously Adjustment As Restated Statement of Cash Flows for the nine months ended September 30, 2020 Supplemental disclosure of cash flow information: Initial value of Class A ordinary shares subject to possible redemption $ 264,272,806 $ (264,272,806 ) $ — |