Restatement of Previously Issued Financial Statements | Note 2 - Restatement of Previously Issued Financial Statements The Company concluded it should restate its previously issued financial statements by amending Amendment No. 1 to its Annual Report on Form 10-K/A, filed with the SEC on May 25, 2021, to classify all Class A ordinary shares subject to possible redemption in temporary equity. In accordance with ASC 480-10-S99, redemption provisions not solely within the control of the Company require ordinary shares subject to redemption to be classified outside of permanent equity. In the Company’s previously issued financial statements, a portion of the Class A ordinary shares issued in the IPO (“Public Shares”) was classified as permanent equity to maintain shareholders’ equity of at least $ . The Company 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 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 shares, $0.0001 par value $ 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 Restated in the First Amended Filing Adjustment As Restated Balance Sheet as of March 31, 2020 (unaudited) Class A Ordinary share s $ 246,977,618 $ 29,022,382 $ 276,000,000 Class A Ordinary shares, $0.0001 par value $ 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 Restated in the First Amended Filing 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 per ordinary share, Class B $ 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, 2020 (unaudited) 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 Restated in the First Amended Filing 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 shares, $0.0001 par value $ 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 Restated in the First Amended Filing Adjustment As Restated Statement of Operations For the three months ended June 30, 2020 (unaudited) 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 Restated in the First Amended Filing 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 Adjustment As Restated Balance Sheet as of September 30, 2020 (unaudited) Class A Ordinary share s $ 237,171,607 $ 38,828,393 $ 276,000,000 Ordinary shares Class A, $0.0001 par value $ 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 Adjustment As Restated Statement of Operations For the three months ended September 30, 2020 unaudited) Basic and diluted net income (loss) $ — $ (0.33 ) $ (0.33 ) Basic and diluted net income ( ) r $ (1.63 ) $ 1.30 $ (0.33 ) As Previously Adjustment As Restated Statement of Operations For the nine months ended September 30, 202 0 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) per ordinary share, Class A $ 0.07 $ (0.10 ) $ (0.03 ) Basic and diluted net loss per ordinary share, Class B $ (0.39 ) $ 0.36 $ (0.03 ) As Previously Restated in the First Amended Filing Adjustment As Restated Statement of Cash Flows for the nine months ended September 30, Supplemental disclosure of cash flow information: Initial value of Class A ordinary shares subject to possible redemption $ 264,272,806 $ (264,272,806 ) $ — As Previously Restated in the First Amended Filing Adjustment As Restated Balance Sheet as of December 31, 2020 Class A Ordinary shares subject to possible redemption $ 227,479,630 $ 48,520,370 $ 276,000,000 Ordinary shares Class A, $0.0001 par value $ 485 $ (485 ) $ — Additional Paid in Capital $ 15,528,588 $ (15,528,588 ) $ — Accumulated Deficit $ (10,529,762 ) $ (32,991,297 ) $ (43,521,059 ) Total Shareholders’ Equity (Deficit) $ 5,000,001 $ (48,520,370 ) $ (43,520,369 ) Number of shares subject to redemption 22,747,963 4,852,037 27,600,000 As Previously Restated in the First Amended Filing Adjustment As Restated Statement of Operations for the year ended December 31, 2020 Weighted average shares outstanding of Class A ordinary shares, basic and diluted 27,600,000 (3,251,507 ) 24,348,493 Weighted average shares outstanding of Class B ordinary shares, basic and diluted 6,794,262 105,738 6,900,000 Basic and diluted net income (loss) per ordinary share, Class A $ 0.07 $ (0.41 ) $ (0.34 ) Basic and diluted net loss per ordinary share, Class B $ (1.82 ) $ 1.48 $ (0.34 ) As Previously Restated in the First Amended Filing Adjustment As Restated Statement of Cash Flows for the year ended December 31, 2020 Supplemental disclosure of cash flow information: Initial value of Class A ordinary shares subject to possible redemption $ 234,052,236 $ (234,052,236 ) $ — Change in value of shares subject to possible redemption $ 6,572,606 $ (6,572,606 ) — |