MarketWise (MKTW) 10-Q 24 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	May 24, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Ascendant Digital Acquisition Corp.
Entity Central Index Key	0001805651
Entity Address, State or Province	NY
Entity Current Reporting Status	No
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Title of 12(b) Security	Class A ordinary shares included as part of the units
Trading Symbol	ACND
Security Exchange Name	NYSE
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	true
Capital units [Member]
Document Information [Line Items]
Title of 12(b) Security	Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant
Trading Symbol	ACND.U
Security Exchange Name	NYSE
Warrant [Member]
Document Information [Line Items]
Title of 12(b) Security	Redeemable warrants included as part of the units
Trading Symbol	ACND WS
Security Exchange Name	NYSE
Class A ordinary shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		41,400,000
Class B ordinary shares [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		10,350,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash	$ 695,093	$ 861,754
Prepaid expenses	270,481	328,772
Total current assets	965,574	1,190,526
Investments held in Trust Account	414,258,248	414,209,593
Total Assets	415,223,822	415,400,119
Current liabilities:
Accounts payable	307,489	22,120
Accrued expenses	77,250	111,146
Due to related party	9,750	9,750
Total current liabilities	394,489	143,016
Derivative warrant liabilities	31,663,240	53,801,110
Deferred underwriting commissions	14,490,000	14,490,000
Total liabilities	46,547,729	68,434,126
Commitments and Contingencies
Class A ordinary shares, $0.0001 par value; 36,367,609 and 34,196,599 shares subject to possible redemption at $10.00 per share as of March 31, 2021 and December 31, 2020, respectively	363,676,090	341,965,990
Shareholders' Equity:
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital	12,918,005	34,627,888
Accumulated deficit	(7,919,540)	(29,629,640)
Total shareholders' equity	5,000,003	5,000,003
Total liabilities and shareholders' equity	415,223,822	415,400,119
Common Class A [Member]
Shareholders' Equity:
Common Stock, Value	503	720
Common Class B [Member]
Shareholders' Equity:
Common Stock, Value	$ 1,035	$ 1,035

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Temporary Equity, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Temporary Equity,Shares subject to possible redemption	36,367,609	34,196,599
Temporary Equity, Redemption Price Per Share	$ 10	$ 10
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Class A [Member]
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	5,032,391	7,203,401
Common Stock, Shares, Outstanding	5,032,391	7,203,401
Common Stock, shares subject to possible redemption	36,367,609	34,196,599
Common Class B [Member]
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	20,000,000	20,000,000
Common Stock, Shares, Issued	10,350,000	10,350,000
Common Stock, Shares, Outstanding	10,350,000	10,350,000

Condensed Statements of Operati

Condensed Statements of Operations	3 Months Ended
	Mar. 31, 2021USD ($)$ / sharesshares
General and administrative expenses	$ 446,425
Administrative expenses - related party	30,000
Loss from operations	(476,425)
Other income:
Change in fair value of derivative warrant liabilities	22,137,870
Interest earned on investments held in Trust Account	48,655
Net income	$ 21,710,100
Common Class A [Member]
Other income:
Basic and diluted weighted average shares outstanding | shares	41,400,000
Basic and diluted net income (loss) per share,ordinary shares | $ / shares	$ 0
Common Class B [Member]
Other income:
Basic and diluted weighted average shares outstanding | shares	10,350,000
Basic and diluted net income (loss) per share,ordinary shares | $ / shares	$ 2.09

Condensed Statements of Changes

Condensed Statements of Changes in Shareholders Equity - 3 months ended Mar. 31, 2021 - USD ($)	Total	Ordinary Shares [Member]Class A ordinary shares [Member]	Ordinary Shares [Member]Class B ordinary shares [Member]	Accumulated Deficit [Member]	Additional Paid-in Capital [Member]
Beginning balance at Dec. 31, 2020	$ 5,000,003	$ 720	$ 1,035	$ (29,629,640)	$ 34,627,888
Beginning balance, Shares at Dec. 31, 2020		7,203,401	10,350,000
Shares subject to possible redemption	(21,710,100)	$ (217)			(21,709,883)
Shares subject to possible redemption, Shares		(2,171,010)
Net income	21,710,100			21,710,100
Ending balance at Mar. 31, 2021	$ 5,000,003	$ 503	$ 1,035	$ (7,919,540)	$ 12,918,005
Ending balance, Shares at Mar. 31, 2021		5,032,391	10,350,000

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows	3 Months Ended
	Mar. 31, 2021USD ($)
Cash Flows from Operating Activities:
Net income	$ 21,710,100
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on investments held in Trust Account	(48,655)
Change in fair value of derivative warrant liabilities	(22,137,870)
Changes in operating assets and liabilities:
Prepaid expenses	58,291
Accounts payable	285,369
Accrued expenses	(33,896)
Net cash used in operating activities	(166,661)
Net change in cash	(166,661)
Cash - beginning of the period	861,754
Cash - end of the period	695,093
Supplemental disclosure of noncash investing and financing activities:
Change in Value of Class A ordinary shares subject to possible redemption	$ 21,710,000

Description of Organization and

Description of Organization and Business Operations	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Organization and Business Operations	Note 1 — Description of Organization and Business Operations Organization and General Ascendant Digital Acquisition Corp. (the “Company”) is a blank check company incorporated in the Cayman Islands on February 11, 2020. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on companies in what it calls the “Attention Economy”, which refers to various converging sectors within interactive (digital) entertainment, film/television, music, print and digital books (including magazine and comics publications), e-sports, At March 31, 2021, the Company had not yet commenced operations. All activity for the period from February 11, 2020 (inception) through March 31, 2021 relates to the Company’s formation and its preparation for the initial public offering (“Initial Public Offering”), which is described below, and since offering, the search for a prospective initial Business Combination. The Company will not generate any operating revenue until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating The Company’s sponsor is Ascendant Sponsor LP, a Cayman Islands exempted limited partnership (“Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on July 24, 2020. On July 28, 2020, the Company consummated its Initial Public Offering of 41,400,000 units (the “Units” and, with respect to the Class A ordinary shares included in the Units being offered, the “Public Shares”), including 5,400,000 additional Units to cover over-allotments (the “Over-Allotment Units”), at $10.00 per Unit, generating gross proceeds of $414.0 million, and incurring offering costs of approximately $23.4 million, inclusive of approximately $14.5 million in deferred underwriting commissions (Note 5). Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 10,280,000 warrants (each, a “Private Placement Warrant” and collectively, the “Private Placement Warrants”), at a price of $1.00 per Private Placement Warrant with the Sponsor, generating gross proceeds of approximately $10.3 million (Note 4). Upon the closing of the Initial Public Offering and the Private Placement, $414.0 million ($10.00 per Unit) of the net proceeds of the Initial Public Offering and certain of the proceeds of the Private Placement were placed in a trust account (“Trust Account”), located in the United States, with Continental Stock Transfer & Trust Company acting as trustee, and which was invested by the trustee only in United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act having a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 of the The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). The Company will provide its holders (the “Public Shareholders”) of its Public Shares with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a general meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially anticipated to be $10.00 per Public Share). The per-share amount to Notwithstanding the foregoing, the Company’s Amended and Restated Memorandum and Articles of Association provides that a Public Shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 20% of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company. The Company’s Sponsor, officers and directors (the “Initial Shareholders”) have agreed not to propose an amendment to the amended and restated memorandum and articles of association (a) that would modify the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination within 24 months from the closing of the Initial Public Offering, or July 28, 2022 (the “Combination Period”) or (b) with respect to any other provision relating to shareholders’ rights or pre-initial Business Combination If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per-share price, The Initial Shareholders have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or members of the Company’s management team acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to its deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act. Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered public accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account. Proposed Business Combination On March 1, 2021, the Company (which shall migrate to and domesticate as a Delaware corporation prior to the Closing), entered into a Business Combination Agreement (the “ Business Combination Agreement BSG Sellers Seller Seller Representative Party Parties Business Combination Closing Closing Date The Domestication; Charter of the Company and Bylaws of the Company At the end of the day immediately prior to the Closing Date, subject to the satisfaction or waiver of the conditions of the Business Combination Agreement, the Company will migrate to and domesticate as a Delaware corporation in accordance with Section 388 of the Delaware General Corporation Law, as amended, and the Cayman Islands Companies Act (As Revised) (the “ Domestication By virtue of the Domestication and subject to the satisfaction or waiver of the conditions of the Business Combination Agreement, including approval of the Company’s shareholders: (i) each of the then issued and outstanding Class B ordinary shares of the Company, par value $0.0001 per share (each, a “ Cayman Class B Share a one-for-one basis, Cayman Class A Share a one-for-one basis, Class A Common Stock Substantially simultaneously with or immediately following the Domestication and subject to the satisfaction or waiver of the conditions of the Business Combination Agreement, the Company will also file (a) a certificate of incorporation with the Secretary of State of Delaware in the form attached to the Business Combination Agreement (the “ Company Domesticated Charter Company Domesticated Bylaws Class B Common Stock Pursuant to the Business Combination Agreement, substantially concurrently with the Closing, BSG will distribute all of its cash and cash equivalents to the Sellers in accordance with its then in effect operating agreement. Following such distribution, BSG will effectuate a recapitalization, pursuant to which, among other things, all Class A and Class B units of BSG (including the unvested Class B units of BSG) held by the Sellers will convert or exchange into a new class of common units of BSG with such terms and conditions as set forth in the BSG Third A&R Operating Agreement (as defined and discussed below). Following such recapitalization, the Sellers will collectively hold a single class of common units of BSG. Subject to the satisfaction or waiver of certain conditions set forth in the Business Combination Agreement, at the Closing, the Company will contribute a subscription amount (the “ Subscription Amount provided Pursuant to the Business Combination Agreement, the “ Available Distributable Cash plus plus minus At the Closing, the Company will also purchase certain units of BSG from the Sellers for cash consideration (the “ Cash Consideration less provided Available Acquiror Closing Cash plus plus minus Additionally, at the Closing, the Company will issue to the Sellers, for nominal consideration, a certain number of shares of Class B Common Stock equal to the aggregate number of units of the Company retained by the Sellers at the Closing (collectively, the “ Retained Units minus Following the Closing, the combined Company will be organized in an “Up-C” structure Upon consummation of the Transactions, the Company will change its name to “Beacon Street Group, Inc.” The Closing is subject to certain conditions, including, among other things, (i) the approval and adoption of the Business Combination Agreement and transactions contemplated thereby and certain other matters by requisite vote of the Company’s shareholders; (ii) if required, the expiration or termination of any applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (iii) the absence of a Company Material Adverse Effect (as defined in the Business Combination Agreement) since the date of the Business Combination Agreement; and (iv) material compliance by the parties with their respective pre-Closing and Liquidity and Capital Resources The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. As of March 31, 2021, the Company had approximately $0.7 million in its operating bank account and working capital of approximately $0.7 million. The Company’s liquidity needs up to March 31, 2021 had been satisfied through the payment of $25,000 from the Sponsor to cover for certain expenses on behalf of the Company in exchange for the issuance of the Founder Shares, the loan of approximately $160,000 from the Sponsor pursuant to the Note (see Note 4), and the proceeds from the consummation of the Private Placement not held in the Trust Account. The Company fully repaid the Note on July 28, 2020. In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working Capital Loans (see Note 4). As of March 31, 2021, there were no amounts outstanding under any Working Capital Loan. Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet its needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the period for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021. The accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10K/A filed with the SEC on May 10, 2021. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage limit of $250,000. As of March 31, 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents in its operating account as of March 31, 2021 and December 31, 2020. Investments Held in the Trust Account The Company’s portfolio of investments held in the Trust Account is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof. The investments are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in interest earned on Investments Held in Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Use of Estimates The preparation of financial statement in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement. Actual results could differ from those estimates. Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (“FASB”) ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet. Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of March 31, 2021, the carrying values of cash, accounts payable and accrued expenses approximate their fair values due to the short-term nature of the instruments. The Company’s marketable securities held in Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less and are recognized at fair value. The fair value of marketable securities held in Trust Account is determined using quoted prices in active markets. Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs are allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 “Distinguishing Liabilities from Equity.” Shares of Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Shares of conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, shares of Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2021, and December 31, 2020, 36,367,609 and 34,196,599 shares of Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheets, respectively. Income Taxes ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Net income per ordinary shares The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 30,980,000 shares of Class A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted income per share is the same as basic income per share for the periods presented. The Company’s unaudited statements of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the two-class method of Recent accounting pronouncements In August 2020, the FASB issued Accounting Standard Update (the “ASU”) No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. The Company early adopted the ASU on January 1, 2021. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Initial Public Offering

Initial Public Offering	3 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Initial Public Offering	Note 3 — Initial Public Offering On July 28, 2020, the Company consummated its Initial Public Offering of 41,400,000 Units, including the 5,400,000 Units as a result of the underwriters’ full exercise of their over-allotment option, at $10.00 per Unit, generating gross proceeds of $414.0 million, and incurring offering costs of approximately $23.4 million, inclusive of approximately $14.5 million in deferred underwriting commissions. Each Unit consists of one Class A ordinary share, and one-half of one

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 4 — Related Party Transactions Founder Shares On March 2, 2020, the Sponsor paid $25,000 to cover certain offering costs of the Company in consideration of 8,625,000 Class B ordinary shares, par value $0.0001, (the “Founder Shares”), for an aggregate price of $25,000. On May 29, 2020, the Sponsor surrendered 1,437,500 Founder Shares to the Company for cancellation for no consideration. On June 26, 2020, the Company effected a share capitalization of 1,437,500 Founder Shares, resulting in the Sponsor holding 8,625,000 Founder Shares. In July 2020, the Sponsor transferred an aggregate of 180,000 Founder Shares to members of the Company’s board of directors and advisory board, resulting in the Sponsor holding 8,445,000 Founder Shares. On July 23, 2020, the Company effected another share capitalization of 1,725,000 Founder Shares, resulting in an aggregate of 10,350,000 Founder Shares outstanding, of which the Sponsor holds 10,170,000 shares. All shares and the associated amounts have been retroactively restated to reflect the aforementioned share surrender and capitalization. The Initial Shareholders agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (i) one year after the completion of the initial Business Combination or (ii) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction after the initial Business Combination that results in all of the Company’s shareholders having the right to exchange their Class A ordinary shares for cash, securities or other property; except to certain permitted transferees and under certain circumstances. Any permitted transferees will be subject to the same restrictions and other agreements of the initial Shareholders with respect to any Founder Shares. Notwithstanding the foregoing, if (1) the closing price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share any 30-trading day the lock-up. Private Placement Warrants Simultaneously with the closing of the Initial Public Offering, the Company consummated the Private Placement of 10,280,000 Private Placement Warrants at a price of $1.00 per Private Placement Warrant with the Sponsor, generating gross proceeds of approximately $10.3 million. Each whole Private Placement Warrant is exercisable for one whole Class A ordinary share at a price of $11.50 per share. Certain proceeds from the Private Placement Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable (except as The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination. Related Party Loans On March 2, 2020, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Note”). This loan was non-interest bearing and In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.00 per warrant. The warrants would be identical to the Private Placement Warrants. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. To date, the Company had no borrowings under the Working Capital Loans. Administrative Support Agreement The Company agreed to pay the Sponsor a total of $10,000 per month, commencing on the effective date of the Initial Public Offering, for office space, utilities, secretarial and administrative support services provided to members of the management team. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. The Company incurred approximately $30,000 in administrative expenses under the agreement, which is recognized in the accompanying unaudited consolidated condensed statements of operations for the three months ended March 31, 2021 within general and administrative expenses – related party. As of March 31, 2021 and December 31, 2020, there was no outstanding balance in accounts payable – related party, as reflected in the accompanying unaudited condensed balance sheets.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 5 — Commitments and Contingencies Registration and Shareholder Rights The holders of Founder Shares, Private Placement Warrants, Forward Purchase Securities and warrants that may be issued upon conversion of Working Capital Loans, if any, are entitled to registration rights pursuant to a registration rights agreement. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for Underwriting Agreement The Company granted the underwriters a 45-day option from The underwriters were entitled to an underwriting discount of $0.20 per unit, or approximately $8.9 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or approximately $14.5 million in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. Forward Purchase Agreement In connection with the consummation of the Offering, the Company entered into a forward purchase agreement with NEXON Co. Ltd. (“Nexon”), pursuant to which Nexon has subscribed to purchase from us up to 25,000,000 forward purchase units (the “Forward Purchase Units”), consisting of one Class A ordinary share (the “Forward Purchase Shares”), and one-half Risks and Uncertainties Management continues to evaluate the impact of the COVID-19

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Note 6 — Shareholders’ Equity Preference Shares — Class A Ordinary Shares — per share. As of March 31, 2021 and December 31, 2020, there were 41,400,000 Class A ordinary shares issued and outstanding, including 36,367,609 and 34,196,599 Class A ordinary shares subject to possible redemption, respectively. Class B Ordinary Shares — Holders of record of our Class A ordinary shares and Class B ordinary shares are entitled to one vote for each share held on all matters to be voted on by shareholders, except as required by law; provided, that, prior to the Company’s initial Business Combination, only holders of Class B ordinary shares will have the right to vote on the election of directors prior to or in connection with the completion of the initial Business Combination. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the consummation of the initial Business Combination on a one-for-one basis, subject share sub-divisions, share than one-for-one basis.

Warrants

Warrants	3 Months Ended
	Mar. 31, 2021
Warrants [Abstract]
Warrants	Note 7— Warrants As of March 31, 2021, the Company had 20,700,000 Public Warrants and 10,280,000 Private Warrants outstanding. Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination and (b) one year from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the warrants and a current prospectus relating to them is available and such shares are registered, qualified or exempt from registration under the securities, or blue sky, laws of the state of residence of the holder (or the Company permits holders to exercise their warrants on a cashless basis under the circumstances specified in the warrant agreement). If and when the warrants become redeemable by the Company, it may exercise its redemption right even if the Company is unable to register or qualify the underlying securities for sale under all applicable state securities laws. The Company has agreed that as soon as practicable, but in no event later than 15 business days after the closing of the initial Business Combination, the Company will use commercially reasonable efforts to file with the SEC and have an effective registration statement covering the Class A ordinary shares issuable upon exercise of the warrants and to maintain a current prospectus relating to those Class A ordinary shares until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th business day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if the Class A ordinary shares are at the time of any exercise of a warrant not listed on a national securities exchange such that they satisfy the definition of a “covered security” under Section 18(b)(1) of the Securities Act, the Company may, at its option, require holders of public warrants who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event the Company so elect, it will not be required to file or maintain in effect a registration statement, and in the event the Company does not so elect, it will use commercially reasonable efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. The Public Warrants have an exercise price of $11.50 per share, subject to adjustments as described below, and will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. In addition, if (x) the Company issues additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of the initial Business Combination at an issue price or effective issue price of less than $9.20 per Class A ordinary share (with such issue price or effective issue price to be determined in good faith by the Company’s board of directors and, in the case of any such issuance to the Initial Shareholders or their affiliates, without taking into account any Founder Shares held by the Initial Shareholders or such affiliates, as applicable, prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more 10-trading The Private Placement Warrants are identical to the Public Warrants underlying the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be non-redeemable (except Redemption of warrants when the price per Class A ordinary share equals or exceeds $10.00 Once the warrants become exercisable, the Company may redeem the outstanding warrants for Class A ordinary shares: • in whole and not in part; • at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption provided that holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of Class A ordinary shares to be determined by reference to an agreed table based on the redemption date and the “fair market value” of the Class A ordinary shares; • if, and only if, the last reported sale price (the “closing price”) of the Class A ordinary shares equals or exceeds $10.00 per share (as adjusted) for any 20 trading days within the 30-trading • if the closing price of the Class A ordinary shares for any 20 trading days within a 30-trading The “fair market value” of the Class A ordinary shares shall mean the volume weighted average price of the Class A ordinary shares during the 10 trading days immediately following the date on which the notice of redemption is sent to the holders of warrants. The Company will provide warrant holders with the final fair market value no later than one business day after the 10-trading Redemption of warrants when the price per Class A ordinary share equals or exceeds $18.00 Once the warrants become exercisable, the Company may redeem the outstanding warrants for cash (except as described herein with respect to the Private Placement Warrants): • in whole and not in part; • at a price of $0.01 per warrant; • upon a minimum of 30 days’ prior written notice of redemption; and • if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted) for any 20 trading days within a 30-trading day The Company will not redeem the warrants as described above unless a registration statement under the Securities Act covering the issuance of the Class A ordinary shares issuable upon exercise of the warrants is then effective and a current prospectus relating to those Class A ordinary shares is available throughout the 30-day If the Company is unable to complete the initial Business Combination within the combination period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 8 — Fair Value Measurements The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. March 31, 2021 Description Quoted Prices in Active Markets (Level 1) Significant Other Significant Other Assets: U. S. Treasury Securities $ 414,258,248 $ — $ — Liabilities: Derivative warrant liabilities—Public Warrants 21,009,680 — — Derivative warrant liabilities—Private Warrants — — 10,653,560 Total fair value $ 435,267,928 $ — $ 10,653,560 The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2020 by level within the fair value hierarchy: December 31, 2020 Description Quoted Prices in Active (Level 1) Significant Other Significant Other Assets: U. S. Treasury funds $ 414,209,593 (1) $ — $ — Liabilities: Derivative warrant liabilities—Public Warrants 35,386,050 — — Derivative warrant liabilities—Private Warrants — — 18,415,060 Total fair value $ 449,595,643 $ 0 $ 18,415,060 (1) Includes cash of $226 Transfers to/from Levels 1, 2, and 3 are recognized at the end of the reporting period. There were no transfers between levels for the three months ended March 31, 2021. The fair value of the Private Placement Warrants has been estimated using a Monte Carlo simulation model each measurement date. The fair value of the warrants issued in connection with the Public Offering were initially measured at fair value using a Monte Carlo simulation model and subsequently measured based on the listed market price of such warrants. The Company estimate the fair value of the warrants at each reporting period, with changes in fair value recognized in the statements of operations. For the three months ended March 31, 2021, the Company recognized a gain from a decrease in the fair value of liabilities of approximately $22.1 million presented as change in fair value of derivative warrant liabilities on the accompanying statements of operations. The change in the fair value of the derivative warrant liabilities for three months ended March 31, 2021 is summarized as follows: Warrant liabilities at January 1, 2021 $ 53,801,110 Change in fair value of derivative warrant liabilities (22,137,870 ) Derivative warrant liabilities at March 31, 2021 $ 31,663,240 The estimated fair value of the derivative warrant liabilities – Public warrant is determined using Level 1 inputs. The estimated fair value of the derivative warrant liabilities –Private warrant is determined using Level 3 inputs. Inherent in a Monte-Carlo simulation are assumptions related to expected stock-price volatility, expected life and risk-free interest rate. The Company estimates the volatility of its ordinary shares based on historical volatility of select peer companies that matches the expected remaining life of the warrants. The risk-free interest rate is based on the U.S. Treasury zero-coupon The following table provides quantitative information regarding Level 1 & 3 fair value measurements inputs as their measurement dates: As of March 31, 2021 As Volatility 17.5 % 25.3 % Stock price $ 9.90 $ 10.26 Expected life of the options to convert 5.17 5.42 Risk-free rate 0.96 % 0.42 % Dividend yield 0.0 % 0.0 %

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 9 — Subsequent Events The Company evaluated subsequent events and transactions that occurred up to the date unaudited condensed financial statements were available to be issued. Based upon this review, the Company determined that, there have been no events that have occurred that would require adjustments to the disclosures in the unaudited condensed financial statements.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for financial information and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, the unaudited condensed financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the period for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected through December 31, 2021. The accompanying unaudited condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10K/A filed with the SEC on May 10, 2021.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the JOBS Act, and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging
Concentration of credit risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage limit of $250,000. As of March 31, 2021, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had no cash equivalents in its operating account as of March 31, 2021 and December 31, 2020.
Investments Held in the Trust Account	Investments Held in the Trust Account The Company’s portfolio of investments held in the Trust Account is comprised of U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act, with a maturity of 185 days or less, or investments in money market funds that invest in U.S. government securities, or a combination thereof. The investments are classified as trading securities. Trading securities are presented on the balance sheet at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of these securities is included in interest earned on Investments Held in Trust Account in the accompanying statement of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.
Use of estimates	Use of Estimates The preparation of financial statement in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement. Actual results could differ from those estimates.
Financial Instruments	Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (“FASB”) ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: • Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; • Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and • Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. In some circumstances, the inputs used to measure fair value might be categorized within different levels of the fair value hierarchy. In those instances, the fair value measurement is categorized in its entirety in the fair value hierarchy based on the lowest level input that is significant to the fair value measurement. As of March 31, 2021, the carrying values of cash, accounts payable and accrued expenses approximate their fair values due to the short-term nature of the instruments. The Company’s marketable securities held in Trust Account is comprised of investments in U.S. Treasury securities with an original maturity of 185 days or less and are recognized at fair value. The fair value of marketable securities held in Trust Account is determined using quoted prices in active markets.
Offering Costs Associated with the Initial Public Offering	Offering Costs Associated with the Initial Public Offering Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering. Offering costs are allocated to the separable financial instruments issued in the Initial Public Offering based on a relative fair value basis, compared to total proceeds received. Offering costs associated with warrant liabilities are expensed as incurred, presented as non-operating
Class A Ordinary Shares subject to possible redemption	Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in ASC Topic 480 “Distinguishing Liabilities from Equity.” Shares of Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Shares of conditionally redeemable Class A ordinary shares (including Class A ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, shares of Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2021, and December 31, 2020, 36,367,609 and 34,196,599 shares of Class A ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheets, respectively.
Net income per ordinary shares	Net income per ordinary shares The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net income per share is computed by dividing net income by the weighted average number of ordinary shares outstanding during the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 30,980,000 shares of Class A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted income per share is the same as basic income per share for the periods presented. The Company’s unaudited statements of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the two-class method of
Income Taxes	Income Taxes ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not The Company is considered an exempted Cayman Islands company and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. As such, the Company’s tax provision was zero for the periods presented. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.
Recent accounting pronouncements	Recent accounting pronouncements In August 2020, the FASB issued Accounting Standard Update (the “ASU”) No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity, which simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. The ASU also removes certain settlement conditions that are required for equity-linked contracts to qualify for the derivative scope exception and it also simplifies the diluted earnings per share calculation in certain areas. The Company early adopted the ASU on January 1, 2021. Adoption of the ASU did not impact the Company’s financial position, results of operations or cash flows. Management does not believe that any other recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Summary of Financial Assets that are Measured at Fair Value on a Recurring Basis	The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of March 31, 2021 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. March 31, 2021 Description Quoted Prices in Active Markets (Level 1) Significant Other Significant Other Assets: U. S. Treasury Securities $ 414,258,248 $ — $ — Liabilities: Derivative warrant liabilities—Public Warrants 21,009,680 — — Derivative warrant liabilities—Private Warrants — — 10,653,560 Total fair value $ 435,267,928 $ — $ 10,653,560 The following table presents information about the Company’s financial assets and liabilities that are measured at fair value on a recurring basis as of December 31, 2020 by level within the fair value hierarchy: December 31, 2020 Description Quoted Prices in Active (Level 1) Significant Other Significant Other Assets: U. S. Treasury funds $ 414,209,593 (1) $ — $ — Liabilities: Derivative warrant liabilities—Public Warrants 35,386,050 — — Derivative warrant liabilities—Private Warrants — — 18,415,060 Total fair value $ 449,595,643 $ 0 $ 18,415,060 (1) Includes cash of $226
Summary of change in the fair value of the derivative warrant liabilities	The change in the fair value of the derivative warrant liabilities for three months ended March 31, 2021 is summarized as follows: Warrant liabilities at January 1, 2021 $ 53,801,110 Change in fair value of derivative warrant liabilities (22,137,870 ) Derivative warrant liabilities at March 31, 2021 $ 31,663,240
Summary of Level 3 fair value measurements inputs	The following table provides quantitative information regarding Level 1 & 3 fair value measurements inputs as their measurement dates: As of March 31, 2021 As Volatility 17.5 % 25.3 % Stock price $ 9.90 $ 10.26 Expected life of the options to convert 5.17 5.42 Risk-free rate 0.96 % 0.42 % Dividend yield 0.0 % 0.0 %

Description of Organization a_2

Description of Organization and Business Operations - Additional Information (Detail) - USD ($)	Jul. 28, 2020	Mar. 31, 2021	Dec. 31, 2020
Nature Of Operations [Line Items]
Temporary equity redemption price per share		$ 10	$ 10
Minimum networth to effect business combination		$ 5,000,001
Percentage of public shareholding redeemable in case the business combination does not occur		100.00%
Date on or before which business combination shall be consummated		Jul. 28, 2022
Number of days after the due date of business combination before which the pubic shares shall be redeemed			10 days
Expenses payable on dissolution		$ 100,000
Cash in operating bank account		700,000
Working capital		700,000
Working capital loans outstanding			$ 0
Net assets of the acquiree company		$ 2,910,923,000
Net asset value of the share		$ 10
Beacon Street Group LLC [Member]
Nature Of Operations [Line Items]
Business combination transaction costs payable		$ 150,000,000
Beacon Street Group LLC [Member] | Third A And R Operating Agreement [Member]
Nature Of Operations [Line Items]
Percentage of the issued and outstanding units of the acquiree		20.10%
Conversion Of Cayman Class B Common Stock Into Class A Common Stock After The Merger [Member]
Nature Of Operations [Line Items]
Common stock par or stated value per share		$ 0.0001
Common stock shares conversion basis		one-for-one basis
Conversion Of Cayman Class A Common Stock Into Class A Common Stock After The Merger [Member]
Nature Of Operations [Line Items]
Common stock par or stated value per share		$ 0.0001
Common stock shares conversion basis		one-for-one basis
Conversion Of Warrant To Purchase Cayman Class A Common Stock Into Class A Common Stock Of The Company [Member]
Nature Of Operations [Line Items]
Class of warrants or rights number of securities called by each warrant or right		1
Trust Account [Member]
Nature Of Operations [Line Items]
Sale of stock issue price per share	$ 10
Payment towards restricted investments	$ 414,000,000
Term of restricted investments	185 days
Ascendant Sponsor LP [Member]
Nature Of Operations [Line Items]
Proceeds from related party debt		$ 160,000
Stock shares issued during the period value for services rendered		25,000
Maximum [Member] | Beacon Street Group LLC [Member]
Nature Of Operations [Line Items]
Subscription amount payable to acquiree for units and warrants		150,000,000
Cash consideration payable to the shareholders of the acquiree company for units to be acquired		$ 374,000,000
Minimum [Member]
Nature Of Operations [Line Items]
Percentage of the fair value of assets in trust account of the target company net of deferred undrwriting commissions and taxes		80.00%
Equity metohd investment ownership percentage		50.00%
Temporary equity redemption price per share		$ 10
Per share amount in the trust account for distribution to the public shareholders		$ 10
Minimum [Member] | Beacon Street Group LLC [Member]
Nature Of Operations [Line Items]
Subscription amount payable to acquiree for units and warrants		$ 85,000,000
Cash consideration payable to the shareholders of the acquiree company for units to be acquired		$ 0
IPO [Member]
Nature Of Operations [Line Items]
Stock issued during period shares new issues	41,400,000
Sale of stock issue price per share	$ 10
Proceeds from initial public offer	$ 414,000,000
Adjustments to additional paid in capital stock issuance costs	23,400,000
Deferred underwriting commissions non current	$ 14,500,000
Over-Allotment Option [Member]
Nature Of Operations [Line Items]
Stock issued during period shares new issues	5,400,000	5,400,000
Private Placement Warrants [Member]
Nature Of Operations [Line Items]
Stock issued during period shares new issues	10,280,000
Class of warrants or rights issue price per warrant	$ 1
Proceeds from issue of warrants	$ 10,300,000
Common Class A [Member]
Nature Of Operations [Line Items]
Percentage of public shareholding that can be transferred without any restriction	20.00%
Common stock par or stated value per share		$ 0.0001	$ 0.0001

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	Jul. 28, 2020	Mar. 31, 2021	Dec. 31, 2020
Significant Accounting Policies [Line Items]
Cash insured with federal insurance		$ 250,000
Unrecognised tax benefits		0
Unrecognised tax benefits interest and penalties accrued		0
Income tax provisions		0
Cash equivalents		$ 0
Trust Account [Member]
Significant Accounting Policies [Line Items]
Term of restricted investments	185 days
Trust Account [Member] | US Treasury Securities [Member] | Maximum [Member]
Significant Accounting Policies [Line Items]
Term of restricted investments		185 days
Common Class A [Member]
Significant Accounting Policies [Line Items]
Ordinary shares subject to possible redemption shares		36,367,609	34,196,599
Potentially dilutive common shares excluded from the computation of weighted-average shares outstanding		30,980,000
Class A Common Stock Shares Subject To Possible Redemption [Member]
Significant Accounting Policies [Line Items]
Interest income on investments in trust account		$ 49,000

Initial Public Offering -Additi

Initial Public Offering -Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Jul. 28, 2020	Mar. 31, 2021
Minimum [Member] | Common Class A [Member]
Disclosure Of Initial Public Offer [Line Items]
Warrants redemption price per share		$ 11.50
IPO [Member]
Disclosure Of Initial Public Offer [Line Items]
Stock issued during period shares new issues	41,400,000
Sale of stock issue price per share	$ 10
Proceeds from initial public offer	$ 414
Adjustments to additional paid in capital stock issuance costs	23.4
Deferred underwriting commissions non current	$ 14.5
Over-Allotment Option [Member]
Disclosure Of Initial Public Offer [Line Items]
Stock issued during period shares new issues	5,400,000	5,400,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Jul. 31, 2020	Jul. 28, 2020	Jul. 23, 2020	Jun. 26, 2020	May 29, 2020	Mar. 02, 2020	Mar. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Common Stock, Shares, Outstanding			10,350,000
Accounts payable related party							$ 0
Private Placement Warrants [Member]
Related Party Transaction [Line Items]
Class of warrant or right, price per warrant							$ 1
Stock related warrants issued during the period shares							10,280,000
Proceeds from Issuance of Private Placement							$ 10,300,000
Sponsor [Member]
Related Party Transaction [Line Items]
Stock issued during the period shares issued for shares	180,000
Number of days for a particular event to get over for determning trading period							150 days
Debt face value						$ 300,000
Repayment of notes payable		$ 160,000
Stock Held by the sponsor	8,445,000
Stock issued during the period value for services						$ 25,000
Conversion of debt into warrants value							$ 1,500,000
Converion price per unit of debt into warrant							$ 1
Share transfer restriction, threshold consecutive trading days							20 days
Share transfer restriction, threshold trading days							30 days
Sponsor [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Share price							$ 12
Administrative Support Agreement [Member]
Related Party Transaction [Line Items]
Related party transaction amounts of transaction							$ 10,000
General and Administrative Expense [Member] | Administrative Support Agreement [Member]
Related Party Transaction [Line Items]
Administrative expenses - related party							$ 30,000
Common Class A [Member]
Related Party Transaction [Line Items]
Common Stock, Par Value							$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding							5,032,391	7,203,401
Common Class A [Member] | Minimum [Member]
Related Party Transaction [Line Items]
Warrants redemption price per share							$ 11.50
Common Class A [Member] | Minimum [Member] | Share Price That Will Trigger Warrant Redemption [Member]
Related Party Transaction [Line Items]
Share price							10
Common Class B [Member]
Related Party Transaction [Line Items]
Common Stock, Par Value							$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding			10,350,000				10,350,000	10,350,000
Common Class B [Member] | Sponsor [Member]
Related Party Transaction [Line Items]
Common Stock, Par Value						$ 0.0001
Common Stock, Shares, Outstanding			10,170,000	8,625,000	8,625,000
Common stock shares subject to forfeiture					1,437,500
Stock issued during the period shares issued for shares			1,725,000	1,437,500	1,437,500	8,625,000
Stock Held by the sponsor			10,170,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Jul. 28, 2020	Mar. 31, 2021
Loss Contingencies [Line Items]
Underwriting fee, per unit cash paid		$ 0.35
Payments for underwriting fee		$ 14,500,000
Over-Allotment Option [Member]
Loss Contingencies [Line Items]
Expiration period for purchase of underwriting options		45 days
Stock issued during period shares new issues	5,400,000	5,400,000
IPO [Member]
Loss Contingencies [Line Items]
Stock issued during period shares new issues	41,400,000
Underwriting fee, per unit cash paid		$ 0.20
Payments for underwriting fee		$ 8,900,000
Private Placement [Member]
Loss Contingencies [Line Items]
Stock related warrants issued during the period shares		25,000,000
Share price		$ 10
Stock related warrants issued during the period value		$ 250,000,000

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Jul. 31, 2020	Jul. 23, 2020	Jun. 26, 2020	May 29, 2020	Mar. 02, 2020	Mar. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Common Stock, Shares, Outstanding		10,350,000
Preferred Stock, Shares Authorized						1,000,000	1,000,000
Preferred Stock, Shares Issued						0	0
Preferred Stock, Shares Outstanding						0	0
Common stock description of voting rights							one-for-one
Stock Surrendered During Period Value				$ 0
Sponsor [Member]
Class of Stock [Line Items]
Stock issued during the period shares issued for shares	180,000
Common Class A [Member]
Class of Stock [Line Items]
Common stock, shares authorized						200,000,000	200,000,000
Common stock, par value						$ 0.0001	$ 0.0001
Stock Issued During Period, Shares, Other						41,400,000
Ordinary shares subject to possible redemption shares						36,367,609	34,196,599
Common Stock, Shares, Outstanding						5,032,391	7,203,401
Common Class A [Member] | Sponsor [Member]
Class of Stock [Line Items]
Percentage of common stock shareholding						20.00%
Common Class B [Member]
Class of Stock [Line Items]
Common stock, shares authorized						20,000,000	20,000,000
Common stock, par value						$ 0.0001	$ 0.0001
Common Stock, Shares, Outstanding		10,350,000				10,350,000	10,350,000
Common Class B [Member] | Sponsor [Member]
Class of Stock [Line Items]
Common stock, par value					$ 0.0001
Common Stock, Shares, Outstanding		10,170,000	8,625,000	8,625,000
Common stock shares subject to forfeiture				1,437,500
Stock issued during the period shares issued for shares		1,725,000	1,437,500	1,437,500	8,625,000

Warrants - Additional Informati

Warrants - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Public Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants or rights outstandind, shares | shares	20,700,000
Term of warrants	5 years
Private Placement Warrants [Member]
Class of Warrant or Right [Line Items]
Number of warrants or rights outstandind, shares | shares	10,280,000
Private Placement Warrants [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Minimum notice period for warrants redemption	30 days
Warrants redeemable, threshold trading days	30 days
Warrants redemption price per share	$ 0.10
Private Placement Warrants [Member] | Share Trigger Price Two [Member]
Class of Warrant or Right [Line Items]
Minimum notice period for warrants redemption	30 days
Warrants redeemable, threshold consecutive trading days	20 days
Warrants redemption price per share	$ 0.01
Maximum [Member] | Private Placement Warrants [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Warrants redeemable, threshold trading days	30 days
Maximum [Member] | Private Placement Warrants [Member] | Share Trigger Price Two [Member]
Class of Warrant or Right [Line Items]
Class of warrants exercise price adjustment percentage	180.00%
Warrants redeemable, threshold trading days	30 days
Minimum [Member] | Public Warrants [Member]
Class of Warrant or Right [Line Items]
Warrants redemption price per share	$ 11.50
Minimum [Member] | Private Placement Warrants [Member]
Class of Warrant or Right [Line Items]
Class of warrants exercise price adjustment percentage	115.00%
Minimum [Member] | Private Placement Warrants [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Warrants redeemable, threshold consecutive trading days	20 days
Warrants redeemable, threshold trading days	20 days
Common Class A [Member]
Class of Warrant or Right [Line Items]
Business Acquisition, Share Price	$ 9.20
Percentage of proceeds from share issuances	60.00%
Common Class A [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Warrants exercisable, ordinary share per warrant	$ 0.361
Common Class A [Member] | Private Placement Warrants [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Class of warrants exercise price adjustment percentage	18.00%
Warrants redeemable, threshold consecutive trading days	10 days
Warrants redemption price per share	$ 10
Common Class A [Member] | Private Placement Warrants [Member] | Share Trigger Price Two [Member]
Class of Warrant or Right [Line Items]
Warrants redemption price per share	18
Common Class A [Member] | Minimum [Member]
Class of Warrant or Right [Line Items]
Warrants redemption price per share	$ 11.50

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets that are Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Recurring [Member] - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Quoted Prices in Active Markets (Level 1)
Assets:
Investments held in Trust Account		$ 414,209,593
Liabilities:
Liabilities	$ 435,267,928	449,595,643
Quoted Prices in Active Markets (Level 1) | Derivative Public Warrant Liabilities [Member]
Liabilities:
Liabilities	21,009,680	35,386,050
Quoted Prices in Active Markets (Level 1) | U. S. Treasury funds
Assets:
Investments held in Trust Account	414,258,248
Significant Other Observable Inputs (Level 2)
Liabilities:
Liabilities		0
Significant Other Unobservable Inputs (Level 3)
Liabilities:
Liabilities	10,653,560	18,415,060
Significant Other Unobservable Inputs (Level 3) | Derivative Private Warrant Liabilities [Member]
Liabilities:
Liabilities	$ 10,653,560	$ 18,415,060

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2021USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Change in fair value of derivative warrant liabilities	$ (22,137,870)
Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash at fair value	$ 226

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of change in the fair value of the derivative warrant liabilities (Detail)	3 Months Ended
	Mar. 31, 2021USD ($)
Schedule Of Changes In The Fair Value Of Warrant Liabilities [Abstract]
Warrant liabilities at January 1, 2021	$ 53,801,110
Change in fair value of derivative warrant liabilities	(22,137,870)
Derivative warrant liabilities at March 31, 2021	$ 31,663,240

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Level 3 Fair Value Measurements Inputs (Detail) - Fair Value, Inputs, Level 3 [Member]	Mar. 31, 2021yr$ / shares	Dec. 31, 2020yr$ / shares
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	17.5	25.3
Measurement Input, Share Price [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Stock price | $ / shares	$ 9.90	$ 10.26
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input | yr	5.17	5.42
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0.96	0.42
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and Rights Outstanding, Measurement Input	0	0