Restatement of Previously Issued Financial Statements | NOTE 2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Management determined it should restate its previously reported condensed financial statements to classify all Class A ordinary shares subject to possible redemption in temporary equity. The Company previously determined the Class A ordinary shares subject to possible redemption to be equal to the redemption value of $10.00 per Class A ordinary share while also taking into consideration redemption cannot result in net tangible assets being less than $ . Previously, the Company did not consider redeemable stock classified as temporary equity as part of net tangible assets. Effective with these condensed financial statements, the Company restate d As a result, management has noted a reclassification adjustment related to temporary equity and permanent equity. This resulted in a restatement of the initial carrying value of the Class A Ordinary Shares subject to possible redemption with the offset recorded to additional paid-in In connection with the change in presentation for the Class A Ordinary Shares subject to redemption, the Company also restated its income (loss) per ordinary share calculation to allocate net income (loss) pro rata of Class A and Class B Ordi n There has been no change in the Company’s total assets, liabilities or operating results. The impact of the restatement on the Company’s condensed financial statements is reflected in the following table. As Previously Adjustment As Restated Balance Sheet as of March 31, 2021 (unaudited) Class A ordinary shares subject to possible redemption $ 525,197,860 $ 74,802,140 $ 600,000,000 Class A ordinary shares $ 748 $ (748 ) $ — Additional paid-in $ 5,851,241 $ (5,851,241 ) $ — Retained earnings/(Accumulated deficit) $ (853,487 ) $ (68,950,151 ) $ (69,803,638 ) Total Shareholders’ Equity (Deficit) $ 5,000,002 $ (74,802,140 ) $ (69,802,138 ) Class A Ordinary shares subject to possible redemption 52,519,786 7,480,214 60,000,000 Balance Sheet as of June 30, 2021 (unaudited) Class A ordinary shares subject to possible redemption $ 526,461,160 $ (73,538,840 ) $ 600,000,000 Class A ordinary shares $ 735 $ (735 ) $ — Additional paid-in $ 4,587,954 $ (4,587,954 ) $ — Retained earnings/(Accumulated deficit) $ 409,816 $ (68,950,151 ) $ (68,540,335 Total Shareholders’ Equity (Deficit) $ 5,000,005 $ (73,538,840 ) $ (68,538,835 ) Class A Ordinary shares subject to possible redemption 52,646,116 7,353,884 60,000,000 Statement of Operations for the Three Months Ended March 31, 2021 (unaudited) Basic and diluted weighted average shares outstanding, Ordinary shares subject to possible redemption 60,000,000 (60,000,000 ) — Basic and diluted net income per share, Ordinary shares subject to possible redemption $ — $ — $ — Basic and diluted weighted average shares outstanding, Non-redeemable 15,000,000 (15,000,000 ) — Basic and diluted net income per share, Non-redeemable $ 1.66 $ (1.66 ) $ — Basic and diluted weighted average shares outstanding, Class A ordinary shares — 60,000,000 60,000,000 Basic and diluted net loss per share, Class A ordinary share $ — $ 0.33 $ 0.33 Basic and diluted weighted average shares outstanding, Class B ordinary share — 15,000,000 15,000,000 Basic and diluted net income per share, Class B ordinary share $ — $ 0.33 $ 0.33 Statement of Operations for the Three Months Ended June 30, 2021 (unaudited) Basic and diluted weighted average shares outstanding, Ordinary shares subject to possible redemption 60,000,000 (60,000,000 ) — Basic and diluted net income per share, Ordinary shares subject to possible redemption $ — $ — $ — Basic and diluted weighted average shares outstanding, Non-redeemable 15,000,000 (15,000,000 ) — Basic and diluted net income per share, Non-redeemable $ 0.08 $ (0.08 ) $ — Basic and diluted weighted average shares outstanding, Class A ordinary shares — 60,000,000 60,000,000 Basic and diluted net loss per share, Class A ordinary share $ — $ 0.02 $ 0.02 Basic and diluted weighted average shares outstanding, Class B ordinary share — 15,000,000 15,000,000 Basic and diluted net income per share, Class B ordinary share $ — $ 0.02 $ 0.02 Statement of Operations for the Six Months Ended June 30, 2021 (unaudited) Basic and diluted weighted average shares outstanding, Ordinary shares subject to possible redemption 60,000,000 (60,000,000 ) — Basic and diluted net income per share, Ordinary shares subject to possible redemption $ — $ — $ — Basic and diluted weighted average shares outstanding, Non-redeemable 15,000,000 (15,000,000 ) — Basic and diluted net income per share, Non-redeemable $ 1.74 $ (1.74 ) $ — Basic and diluted weighted average shares outstanding, Class A ordinary shares — 60,000,000 60,000,000 Basic and diluted net loss per share, Class A ordinary share $ — $ 0.35 $ 0.35 Basic and diluted weighted average shares outstanding, Class B ordinary share — 15,000,000 15,000,000 Basic and diluted net income per share, Class B ordinary share $ — $ 0.35 $ 0.35 Statement of Cash Flows for the Three Months Ended March 31, 2021 (unaudited) Non-Cash : Change in value of Class A ordinary shares subject to possible redemption (24,902,200 ) 24,902,200 — Statement of Cash Flows for the Six Months Ended June 30, 2021 (unaudited) Non-Cash investing and financial activities : Change in value of Class A ordinary shares subject to possible redemption 26,165,500 (26,165,500 ) — |