Sarissa Capital Acquisition (SRSA) 10-Q 23 Aug 21 2021 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2021	Aug. 20, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	Sarissa Capital Acquisition Corp.
Entity Central Index Key	0001821682
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	660 Steamboat Rd.
Entity Address, City or Town	Greenwich
Entity Address, State or Province	CT
Entity Address, Postal Zip Code	06830
City Area Code	203
Local Phone Number	302-2330
Entity Filer Category	Non-accelerated Filer
Entity File Number	001-39640
Entity Tax Identification Number	98-1552641
Entity Shell Company	true
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Units
Document Information [Line Items]
Trading Symbol	SRSAU
Title of 12(b) Security	Units
Security Exchange Name	NASDAQ
Class A ordinary shares
Document Information [Line Items]
Trading Symbol	SRSA
Title of 12(b) Security	Class A ordinary shares
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		20,000,000
Class B ordinary shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,000,000
Warrant
Document Information [Line Items]
Trading Symbol	SRSAW
Title of 12(b) Security	Warrants
Security Exchange Name	NASDAQ

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 953,503	$ 1,097,856
Prepaid expenses	170,747	267,935
Total current assets	1,124,250	1,365,791
Marketable securities held in Trust Account	200,008,250	200,002,204
Total assets	201,132,500	201,367,995
Current liabilities:
Accounts payable and accrued expenses	48,105	14,472
Total current liabilities	48,105	14,472
Warrant liabilities	14,309,710	30,336,184
Deferred underwriters' discount payable	7,000,000	7,000,000
Total liabilities	21,357,815	37,350,656
Commitments and contingencies
Class A ordinary shares subject to possible redemption, 17,477,468 and 15,901,733 at June 30, 2021 and December 31, 2020, respectively	174,774,680	159,017,330
Shareholder's Equity:
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding
Additional paid-in capital	7,068,115	22,825,307
Accumulated deficit	(2,068,862)	(17,826,208)
Total shareholders' equity	5,000,005	5,000,009
Total Liabilities and Shareholders' Equity	201,132,500	201,367,995
Common Class A [Member]
Shareholder's Equity:
Common Stock Value	252	410
Total shareholders' equity	252	410
Common Class B [Member]
Shareholder's Equity:
Common Stock Value	500	500
Total shareholders' equity	$ 500	$ 500

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Preferred stock par or stated value per share	$ 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 or stated value per share	$ 0.0001	$ 0.0001
Common stock shares authorized	200,000,000	200,000,000
Common stock shares issued	2,522,532	4,098,267
Common stock shares outstanding	2,522,532	4,098,267
Common stock subject to possible redemption	17,477,468	15,901,733
Common Class B [Member]
Common stock par or stated value per share	$ 0.0001	$ 0.0001
Common stock shares authorized	20,000,000	20,000,000
Common stock shares issued	5,000,000	5,000,000
Common stock shares outstanding	5,000,000	5,000,000

Condensed Statements Of Operati

Condensed Statements Of Operations - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Formation and operating costs	$ 145,706	$ 275,174
Loss from operations	(145,706)	(275,174)
Other Income
Interest income on marketable securities held in Trust Account	3,273	6,046
Change in fair value of warrant liabilities	1,805,147	16,026,474
Total other income	1,808,420	16,032,520
Net income	1,662,714	15,757,346
Class A common stock subject to possible redemption [Member]
Other Income
Interest income on marketable securities held in Trust Account	$ 3,273	$ 6,046
Weighted average shares outstanding of Class A redeemable ordinary shares	20,000,000	20,000,000
Basic and diluted net income per share, Class A redeemable ordinary share	$ 0	$ 0
Common Class B [Member]
Other Income
Net income	$ 1,662,714	$ 15,757,346
Weighted average shares outstanding of Class B non-redeemable ordinary shares	5,000,000	5,000,000
Basic and diluted net income per share, Class B non-redeemable ordinary share	$ 0.33	$ 3.15

Condensed Statements Of Changes

Condensed Statements Of Changes In Shareholders' Equity - USD ($)	Total	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Common Class A [Member]	Common Class B [Member]
Beginning balance at Dec. 31, 2020	$ 5,000,009	$ 22,825,307	$ (17,826,208)	$ 410	$ 500
Beginning balance, Shares at Dec. 31, 2020				4,098,267	5,000,000
Class A ordinary shares subject to possible redemption	(14,094,640)	(14,094,499)		$ (141)
Class A ordinary shares subject to possible redemption, Shares				(1,409,464)
Net income (unaudited)	14,094,632		14,094,632
Ending balance at Mar. 31, 2021	5,000,001	8,730,808	(3,731,576)	$ 269	$ 500
Ending balance, Shares at Mar. 31, 2021				2,688,803	5,000,000
Beginning balance at Dec. 31, 2020	5,000,009	22,825,307	(17,826,208)	$ 410	$ 500
Beginning balance, Shares at Dec. 31, 2020				4,098,267	5,000,000
Net income (unaudited)	15,757,346				$ 15,757,346
Ending balance at Jun. 30, 2021	5,000,005	7,068,115	(2,068,862)	$ 252	$ 500
Ending balance, Shares at Jun. 30, 2021				2,522,532	5,000,000
Beginning balance at Mar. 31, 2021	5,000,001	8,730,808	(3,731,576)	$ 269	$ 500
Beginning balance, Shares at Mar. 31, 2021				2,688,803	5,000,000
Class A ordinary shares subject to possible redemption	(1,662,710)	(1,662,693)		$ (17)
Class A ordinary shares subject to possible redemption, Shares				(166,271)
Net income (unaudited)	1,662,714		1,662,714		$ 1,662,714
Ending balance at Jun. 30, 2021	$ 5,000,005	$ 7,068,115	$ (2,068,862)	$ 252	$ 500
Ending balance, Shares at Jun. 30, 2021				2,522,532	5,000,000

Condensed Statement Of Cash Flo

Condensed Statement Of Cash Flows	6 Months Ended
	Jun. 30, 2021USD ($)
Cash Flows from Operating Activities:
Net income	$ 15,757,346
Adjustments to reconcile net income to net cash used in operating activities:
Interest income on marketable securities held in Trust Account	(6,046)
Change in fair value of warrant liabilities	(16,026,474)
Changes in operating assets and liabilities:
Prepaid expenses	97,188
Accounts payable and accrued expenses	33,633
Net cash used in operating activities	(144,353)
Net Change in cash	(144,353)
Cash - Beginning of period	1,097,856
Cash - End of period	953,503
Supplemental Disclosure of Non-cash Financing Activities:
Change in value of Class A ordinary shares subject to possible redemption	$ 15,757,350

Organization and Business Opera

Organization and Business Operations	6 Months Ended
	Jun. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business Operations	Note 1 — Organization and Business Operations Organization and General Sarissa Capital Acquisition Corp. (the “Company”) was incorporated as a Cayman Islands exempted company on August 12, 2020. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. As of June 30, 2021, the Company had not yet commenced any operations. All activity through June 30, 2021, relates to the Company’s formation and the Initial Public Offering (“IPO”) described below. The Company will not generate any operating revenues until after the completion of its initial business combination, at the earliest. The Company generates non-operating Trust Account Following the closing of the IPO on October 23, 2020, an amount of $200,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the IPO and the sale of the Private Placement was placed in a trust account (“Trust Account”) which was invested in 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 in money market funds meeting certain conditions under Rule 2a-7 promulgated e Initial Business Combination The Company’s management has broad discretion with respect to the specific application of the net proceeds of the IPO, 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 net assets held in the Trust Account (excluding the amount of deferred underwriting commissions and taxes payable on the interest earned on the Trust Account) at the time of the signing 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”). Upon the closing of the IPO, management has agreed that an amount equal to at least $10.00 per Unit sold in the IPO, will be held in the Trust Account, located in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust Company acting as trustee, and will be invested only in 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 in money market fund meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 The Company will provide the holders (the “Public Shareholders”) of its Class A ordinary shares, par value $0.0001, sold in the IPO (the “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 shareholder 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, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay income taxes). The per-share These Public Shares will be classified as temporary equity upon the completion of the IPO in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, only if a majority of the ordinary shares, represented in person or by proxy and entitled to vote thereon, voted at a shareholder meeting are voted in favor of the Business Combination. If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other reasons, the Company will, pursuant to the amended and restated memorandum and articles of association which the Company will adopt upon the consummation of the IPO (the “Amended and Restated Memorandum and Articles of Association”), conduct the redemptions pursuant to the tender offer rules of the U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of the transactions is required by law, or the Company decides to obtain shareholder approval for business or other reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. Additionally, each Public Shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction or vote at all. If the Company seeks shareholder approval in connection with a Business Combination, the initial shareholders (as defined below) have agreed to vote their Founder Shares (as defined below in Note 5) and any Public Shares purchased during or after the IPO in favor of a Business Combination. Subsequent to the consummation of the IPO, the Company will adopt an insid e non-public Notwithstanding the foregoing, if the Company seeks shareholder approval of its Business Combination and does not conduct redemptions in connection with its Business Combination pursuant to the tender offer rules, the Amended and Restated Memorandum and Articles of Association will provide 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 15% of the Class A ordinary shares sold in the IPO, 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 provide holders of its Public Shares the right to have their shares redeemed in connection with a Business Combination or to redeem 100% of the Company’s Public Shares if the Company does not complete its Business Combination within 24 months from the closing of the IPO (the “Combination Period”) or with respect to any other provision relating to the rights of Public Shareholders, unless the Company provides the Public Shareholders with the opportunity to redeem their Class A ordinary shares in conjunction with any such amendment. If the Company has not completed 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 per-share The initial shareholders have agreed to waive their liquidation rights with respect to the Founder Shares held by them if the Company fails to complete a Business Combination within the Combination Period. However, if the initial shareholders acquire Public Shares in or after the IPO, 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 underwriter has agreed to waive its rights to the deferred underwriting commission (see Note 6) 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 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 third party 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 to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets. 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 IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (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 (excluding 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. Liquidity As of June 30, 2021, the Company had cash outside the Trust Account of $953,503 available for working capital needs. All remaining cash held in the Trust Account is Through June 30, 2021, the Company’s liquidity needs were satisfied through receipt of $25,000 from the sale of the founder shares and the remaining net proceeds from the IPO and the sale of Private Placement Units. The Company anticipates that the $953,503 outside of the Trust Account as of June 30, 2021, will be sufficient to allow the Company to operate for at least the next 12 months from the issuance of the financial statements, assuming that a Business Combination is not consummated during that time. Until consummation of its Business Combination, the Company will be using the funds not held in the Trust Account, and any additional Working Capital Loans (as defined in Note 5) from the initial shareholders, the Company’s officers and directors, or their respective affiliates (which is described in Note 5), for identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the Business Combination. The Company does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business. However, if the Company’s actual costs of undertaking in-depth due Risks and On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (the “COVID-19 outbreak”). the COVID-19 outbreak the COVID-19 outbreak the COVID-19 outbreak the COVID-19 outbreak e the COVID-19 outbreak the COVID-19 outbreak Emerging Growth Company Status The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended, (the “Securities Act”), as modified by the Jumpstart our Business Startups Act of 2012, (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 auditor 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 shareholder 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 a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2 — Significant Accounting Policies Basis of Presentation The accompanying financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/A Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and warrant liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these unaudited condensed financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates. 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. At June 30, 2021 and December 31, 2020, the Company had $953,503 and 1,097,856 in cash, respectively and no cash equivalents. Marketable Securities Held in Trust Account At June 30, 2021 and December 31, 2020, the Trust Account had $200,008,250 and $200,002,204 held in marketable securities, respectively. 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, investments in money market funds that invest in U.S. government securities, cash, or a combination thereof. Gains and losses resulting from the change in fair value of these securities is included in gain on Investments Held in Trust Account in the accompanying condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. As of December 31, 2020 and June 30, 2021, the Company had not experienced losses on this account. Income taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which 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 to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of June 30, 2021, there were no unrecognized tax benefits and no amounts were accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not r e Net Income (loss) per Ordinary Share Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. The Company has not considered the effect of warrants sold in the Initial Public Offering and private placement to purchase 10,666,667 of Class A ordinary shares in the calculation of diluted income (loss) per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share.” The Company’s statements of operations include a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class Net income per ordinary share, basic and diluted for Class B non-redeemable non-redeemable non-redeemable For the three For the six months June 30, 2021 June 30, 2021 Redeemable Class A ordinary shares Numerator: Earnings allocable to Redeemable Class A ordinary shares Interest income $ 3,273 $ 6,046 Net earnings $ 3,273 $ 6,046 Denominator: Weighted average redeemable Class A ordinary shares Redeemable Class A ordinary shares, basic and diluted 20,000,000 20,000,000 Income $ 0.00 $ 0.00 Non-redeemable Numerator: Net income minus redeemable net earnings Net income $ 1,662,714 $ 15,757,346 Redeemable net earnings 3,273 6,046 Non-redeemable $ 1,659,441 $ 15,751,300 Denominator: weighted average non-redeemable Non-redeemable 5,000,000 5,000,000 Income/ Basic and diluted non-redeemable $ 0.33 $ 3.15 Warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815-15. The Company accounts for its 10,666,667 ordinary shares warrants issued in connection with its IPO and Private Placement as derivative warrant liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to remeasurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. At June , and December , , the Company used the quoted stock price in the active market to value the public warrants and a Modified Black Scholes to value the private warrants with changes in fair value charged to the statement of operations. 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.” Class A ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including 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, 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, as of June 30, 2021 and December 31, 2020, and shares of Class A ordinary shares subject to possible redemption, respectively, are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s condensed balance sheets. Fair Value of Financial 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 condensed balance sheets other than derivative warrant liabilities (see Note 9). Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.

Initial Public Offering

Initial Public Offering	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Initial Public Offering	Note 3 — Initial Public Offering On October 23, 2020, the Company sold 20,000,000 Units at a price of $10.00 per Unit, including the issuance of 2,500,000 Units as a result of the underwriter’s partial exercise of its over-allotment option. Each Unit consists of one share of Class A ordinary shares, par value $0.0001 per share and one-third of a

Private Placement

Private Placement	6 Months Ended
	Jun. 30, 2021
Equity [Abstract]
Private Placement	Note 4 — Private Placement Simultaneously with the closing of the IPO, the Sponsor purchased an aggregate of 3,333,333 Sponsor Private Warrants and the underwriter purchased an aggregate of 666,667 Cantor Private Warrants, at a price of $1.50 per unit, for an aggregate purchase price of $6,000,000. A portion of the proceeds from the Private Warrants were added to the net proceeds from the IPO held in the Trust Account. Each Private Placement Warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Each private placement warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. The private placement warrants are identical to the warrants being sold as part of the units in IPO, subject to certain limited exceptions. If we do not consummate an initial business combination within 24 months from the closing of this offering, the proceeds from the sale of the private placement warrants held in the trust account will be used to fund the redemption of our public shares (subject to the requirements of applicable law) and the private placement warrants will expire worthless. The private placement warrants (i) will be non-redeemable

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Note 5 — Related Party Transactions Founder Shares On August 13, 2020, the Sponsor paid $25,000 to cover certain offering costs and formation costs of the Company in consideration for 5,031,250 Class B ordinary shares, par value $0.0001, (the “Founder Shares”). The Sponsor had agreed to forfeit up to 656,250 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriters. On October 23, 2020, the underwriter partially exercised its over-allotment option, hence, 625,000 Founder Shares were no longer subject to forfeiture, and 31,250 Founder Shares were forfeited, resulting in an aggregate of 5,000,000 Founders Shares issued and outstanding, so that the number of shares of Class B ordinary shares collectively equaled 20% of the Company’s issued and outstanding ordinary shares after the IPO. The initial shareholders have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination and (B) subsequent to the initial Business Combination, (x) if the closing price of the Company’s Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading Promissory Note — Related Party On August 14, 2020, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover for expenses related to the IPO pursuant to a promissory note (the “Note”). The Note was non-interest Administrative Service Fee The Company entered into an agreement whereby, commencing on October 23, 2020 through the earlier of the Company’s consummation of a Business Combination and its liquidation, the Company will pay an affiliate of the Sponsor a total of $10,000 per month for office space, administrative and support services. For the three and six months ended June 30, 2021, the Company had incurred and paid $30,000 and $60,000 of administrative fees. Related Party Loans 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 may repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans may 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 the proceeds h e

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 6 — Commitments and Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants, Class A ordinary shares underlying the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans), will be entitled to registration rights pursuant to a registration and shareholder rights agreement that was signed upon consummation of the IPO. The holders of these securities are entitled to make up to three demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the Company’s completion of its Business Combination. However, the registration and shareholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, lock-up Underwriters Agreement On October 23, 2020, the underwriters were paid an underwriting discount of two percent (2.0%) of the gross proceeds of the IPO, or $4,000,000. The underwriters are entitled to an underwriting discount of $0.35 per unit payable to Cantor Fitzgerald for deferred underwriting commissions. The deferred fee of $7,000,000 will become payable to Cantor Fitzgerald from the amounts held in the Trust Account solely in the event that the Company completes an initial Business Combination, subject to the terms of the underwriting agreement.

Shareholder's Equity

Shareholder's Equity	6 Months Ended
	Jun. 30, 2021
Stockholders' Equity Note [Abstract]
Shareholder's Equity	Note 7 — Shareholders’ Equity Preference Shares — Class A Ordinary Shares . Class B Ordinary Shares Holders of the Class A ordinary shares and holders of the Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders, except as required by law or stock exchange rule; provided that only holders of the Class B ordinary shares have the right to vote on the appointment of the Company’s directors prior to the initial Business Combination and holders of a majority of the Company’s Class B ordinary shares may remove a member of the board of directors for any reason. The Class B ordinary shares will automatically convert into Class A ordinary shares on the first business day following the consummation of the initial Business Combination at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Founder Shares will equal, in the aggregate, on an as-converted one-to-one.

Warrants

Warrants	6 Months Ended
	Jun. 30, 2021
Warrants [Abstract]
Warrants	Note 8 — Warrants At June 30, 2021, there were 6,666,667 Public Warrants and 4,000,000 Private Placement Warrants outstanding. Public Warrants may only be exercised for a whole number of shares. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the IPO. The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of the initial Business Combination, the Company will use its commercially reasonable efforts to file with the SEC a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants, and the Company will use its commercially reasonable efforts to cause the same to become eff e If a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective by the 60th 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, but the Company will use its best efforts to register or qualify the shares under applicable blue sky laws to the extent an exemption is not available. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation. The Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of the initial Business Combination (except pursuant to limited exceptions to the Company’s officers and directors and other persons or entities affiliated with the initial purchasers of the Private Placement Warrants) and they will not be redeemable by the Company so long as they are held by the Sponsor or its permitted transferees. The Sponsor, or its permitted transferees, has the option to exercise the Private Placement Warrants on a cashless basis. Except as described below, the Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants. If the Private Placement Warrants are held by holders other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants. Redemption of warrants for cash. • 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 last reported sales price (the “closing price”) of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading If and when the warrants become redeemable by the Company, the Company may exercise its redemption right even if it is unable to register or qualify the underlying securities for sale under all applicable state securities laws. If the Company calls the Public Warrants for redemption, as described above, management will have the option to require any holder that wishes to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. If the Company has not completed 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	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 — Fair Value 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 hi e • 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. As of June 30, 2021, marketable securities held in the Company’s Trust Account consisted of a treasury securities fund in the amount of $ which was held as money market funds. June 30, Quoted Prices In Active Markets Significant Other Observable Inputs Significant Other Unobservable Inputs 2021 (Level 1) (Level 2) (Level 3) Description Assets: Marketable Securities held in Trust Account $ 200,008,250 $ 200,008,250 $ — $ — Liabilities: Warrant Liability – Public Warrants $ 8,866,667 $ 8,866,667 $ — $ — Warrant Liability – Private Warrants $ 5,443,043 $ — $ — $ 5,443,043 The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: December 31, Quoted Prices In Active Markets Significant Other Observable Inputs Significant Other Unobservable Inputs 2020 (Level 1) (Level 2) (Level 3) Description Assets: Marketable Securities held in Trust Account $ 200,002,204 $ 200,002,204 $ — $ — Liabilities: Warrant Liability – Public Warrants $ 18,333,334 $ 18,333,334 $ — $ — Warrant Liability – Private Warrants $ 12,002,850 $ — $ — $ 12,002,850 There were no transfers between Levels 1, 2 or 3 during the six months ended June 30, 2021. At June 30, 2021 and December 31, 2020, the Company used the quoted stock price in the active market to value the public warrants and a Modified Black Scholes to value the private warrants with changes in fair value charged to the condensed statement of operations. The estimated fair value of the private warrant liability is determined using Level 3 inputs. If factors or assumptions change, the estimated fair values could be materially different. Inherent in a binomial options pricing model are assumptions related to expected share-price volatility, expected life, risk-free interest rate and dividend yield. The Company estimates the volatility of its ordinary shares based on historical volatility 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 3 fair value measurements: As of June 30, As of December 31, 2020 Stock price $ 9.92 $ 10.12 Strike price $ 11.50 $ 11.50 Term (in years) 5.66 5.91 Volatility 19.5 % 39.5 % Risk-free rate 0.98 % 0.49 % Dividend yield 0.0 % 0.0 % The following table provides a reconciliation of changes in fair value of the beginning and ending balances for our assets and liabilities classified as level 3: Warrant Liabilities Fair value at December 31, 2020 $ 12,002,850 Change in fair value (5,887,993 ) Fair Value at March 31, 2021 6,114,857 Change in fair value (671,814 ) Fair Value at June 30, 2021 $ 5,443,043

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2021
Subsequent Events [Abstract]
Subsequent Events	Note 10 — Subsequent Events The Company evaluated subsequent events and transactions that occurred after the condensed balance sheet date through the date that the condensed financial statements were issued. Based upon this review the Company did not identify any subsequent events that would have required adjustment or disclosure in the condensed financial statements.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K/A
Use of estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and warrant liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. One of the more significant accounting estimates included in these unaudited condensed financial statements is the determination of the fair value of the warrant liabilities. Such estimates may be subject to change as more current information becomes available and accordingly the actual results could differ significantly from those estimates.
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. At June 30, 2021 and December 31, 2020, the Company had $953,503 and 1,097,856 in cash, respectively and no cash equivalents.
Marketable Securities Held in Trust Account	Marketable Securities Held in Trust Account At June 30, 2021 and December 31, 2020, the Trust Account had $200,008,250 and $200,002,204 held in marketable securities, respectively. 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, investments in money market funds that invest in U.S. government securities, cash, or a combination thereof. Gains and losses resulting from the change in fair value of these securities is included in gain on Investments Held in Trust Account in the accompanying condensed statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information.
Concentration of credit risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of a cash account in a financial institution, which, at times, may exceed the Federal Depository Insurance Corporation coverage limit of $250,000. As of December 31, 2020 and June 30, 2021, the Company had not experienced losses on this account.
Income taxes	Income taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which 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 to be sustained upon examination by taxing authorities. The Company’s management determined that the Cayman Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of June 30, 2021, there were no unrecognized tax benefits and no amounts were accrued for the payment of interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception. There is currently no taxation imposed on income by the Government of the Cayman Islands. In accordance with Cayman income tax regulations, income taxes are not levied on the Company. Consequently, income taxes are not r e
Net Income (loss) per Ordinary Share	Net Income (loss) per Ordinary Share Net income (loss) per ordinary share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding for the period. The Company has not considered the effect of warrants sold in the Initial Public Offering and private placement to purchase 10,666,667 of Class A ordinary shares in the calculation of diluted income (loss) per share, since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share.” The Company’s statements of operations include a presentation of income (loss) per share for ordinary shares subject to possible redemption in a manner similar to the two-class Net income per ordinary share, basic and diluted for Class B non-redeemable non-redeemable non-redeemable For the three For the six months June 30, 2021 June 30, 2021 Redeemable Class A ordinary shares Numerator: Earnings allocable to Redeemable Class A ordinary shares Interest income $ 3,273 $ 6,046 Net earnings $ 3,273 $ 6,046 Denominator: Weighted average redeemable Class A ordinary shares Redeemable Class A ordinary shares, basic and diluted 20,000,000 20,000,000 Income $ 0.00 $ 0.00 Non-redeemable Numerator: Net income minus redeemable net earnings Net income $ 1,662,714 $ 15,757,346 Redeemable net earnings 3,273 6,046 Non-redeemable $ 1,659,441 $ 15,751,300 Denominator: weighted average non-redeemable Non-redeemable 5,000,000 5,000,000 Income/ Basic and diluted non-redeemable $ 0.33 $ 3.15
Warrant liabilities	Warrant liabilities The Company does not use derivative instruments to hedge exposures to cash flow, market, or foreign currency risks. The Company evaluates all of its financial instruments, including issued stock purchase warrants, to determine if such instruments are derivatives or contain features that qualify as embedded derivatives, pursuant to ASC 480 and ASC 815-15. The Company accounts for its 10,666,667 ordinary shares warrants issued in connection with its IPO and Private Placement as derivative warrant liabilities in accordance with ASC 815-40. Accordingly, the Company recognizes the warrant instruments as liabilities at fair value and adjusts the instruments to fair value at each reporting period. The liabilities are subject to remeasurement at each balance sheet date until exercised, and any change in fair value is recognized in the Company’s statement of operations. At June , and December , , the Company used the quoted stock price in the active market to value the public warrants and a Modified Black Scholes to value the private warrants with changes in fair value charged to the statement of operations.
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.” Class A ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including 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, 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, as of June 30, 2021 and December 31, 2020, and shares of Class A ordinary shares subject to possible redemption, respectively, are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s condensed balance sheets.
Fair value of financial instruments	Fair Value of Financial 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 condensed balance sheets other than derivative warrant liabilities (see Note 9).
Recent Accounting Standards	Recent Accounting Standards Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s unaudited condensed financial statements.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2021
Schedule Of Earnings Per Share Basic And Diluted [Abstract]
Schedule of earnings per share basic and diluted	For the three For the six months June 30, 2021 June 30, 2021 Redeemable Class A ordinary shares Numerator: Earnings allocable to Redeemable Class A ordinary shares Interest income $ 3,273 $ 6,046 Net earnings $ 3,273 $ 6,046 Denominator: Weighted average redeemable Class A ordinary shares Redeemable Class A ordinary shares, basic and diluted 20,000,000 20,000,000 Income $ 0.00 $ 0.00 Non-redeemable Numerator: Net income minus redeemable net earnings Net income $ 1,662,714 $ 15,757,346 Redeemable net earnings 3,273 6,046 Non-redeemable $ 1,659,441 $ 15,751,300 Denominator: weighted average non-redeemable Non-redeemable 5,000,000 5,000,000 Income/ Basic and diluted non-redeemable $ 0.33 $ 3.15

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2021
Fair Value Disclosures [Abstract]
Summary of assets and liabilities that are measured at fair value on a recurring basis	The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at June 30, 2021 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: June 30, Quoted Prices In Active Markets Significant Other Observable Inputs Significant Other Unobservable Inputs 2021 (Level 1) (Level 2) (Level 3) Description Assets: Marketable Securities held in Trust Account $ 200,008,250 $ 200,008,250 $ — $ — Liabilities: Warrant Liability – Public Warrants $ 8,866,667 $ 8,866,667 $ — $ — Warrant Liability – Private Warrants $ 5,443,043 $ — $ — $ 5,443,043 The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at December 31, 2020 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: December 31, Quoted Prices In Active Markets Significant Other Observable Inputs Significant Other Unobservable Inputs 2020 (Level 1) (Level 2) (Level 3) Description Assets: Marketable Securities held in Trust Account $ 200,002,204 $ 200,002,204 $ — $ — Liabilities: Warrant Liability – Public Warrants $ 18,333,334 $ 18,333,334 $ — $ — Warrant Liability – Private Warrants $ 12,002,850 $ — $ — $ 12,002,850
Summary of fair value measurement inputs and valuation techniques	The following table provides quantitative information regarding Level 3 fair value measurements: As of June 30, As of December 31, 2020 Stock price $ 9.92 $ 10.12 Strike price $ 11.50 $ 11.50 Term (in years) 5.66 5.91 Volatility 19.5 % 39.5 % Risk-free rate 0.98 % 0.49 % Dividend yield 0.0 % 0.0 %
Summary of fair value of the derivative warrant liabilities	The following table provides a reconciliation of changes in fair value of the beginning and ending balances for our assets and liabilities classified as level 3: Warrant Liabilities Fair value at December 31, 2020 $ 12,002,850 Change in fair value (5,887,993 ) Fair Value at March 31, 2021 6,114,857 Change in fair value (671,814 ) Fair Value at June 30, 2021 $ 5,443,043

Organization and Business Ope_2

Organization and Business Operations - Additional Information (Detail) - USD ($)	Oct. 23, 2020	Jun. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Payment made towards restricted investments	$ 200,000,000
Term of restricted investments	185 days
Time limit within which business combination shall be consummated from the closing of initial public offer	24 months
Networth needed post business combination	$ 5,000,001
Percentage of the public shareholding to be redeemed in case the business combination is not consummated	100.00%
Period within which the public shares shall be redeemed after the cut off date for consummating business combination in case the combination does not occur	10 days
Estimated expenses payable on dissolution	$ 100,000
Per share amount to be maintained in the trust account	$ 10
Cash		$ 953,503
Sponsor [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Proceeds from issuance of founder shares		$ 25,000
Maximum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Per share amount to be maintained in the trust account	$ 10
Minimum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of the fair value of assets in the trust account of the prospective acquiree excluding deferred underwriting commission and discount	80.00%
Equity method investment ownership percentage	50.00%
Per share amount to be maintained in the trust account	$ 10
Common Class A [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Percentage of the public shareholding eligible for transfer without restrictions	15.00%
Common Class A [Member] | Minimum [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Temporary equity redemption price per share	$ 10

Significant Accounting Polici_4

Significant Accounting Policies - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounting Policies [Line Items]
Cash and cash equivalents	$ 953,503	$ 953,503	$ 1,097,856
Unrecognised income tax benefits	0	0
Accrued interest and penalties on unrecognised tax benefits	0	0
Cash insured with federal depository insurance	250,000	250,000	250,000
Marketable Securities held in Trust Account	200,008,250	$ 200,008,250	$ 200,002,204
Antidilutive securities		10,666,667
Interest income on marketable securities held in trust	$ 3,273	$ 6,046
Maximum [Member]
Accounting Policies [Line Items]
Restricted investment term		185 days
Common Class A [Member]
Accounting Policies [Line Items]
Common stock subject to possible redemption	17,477,468	17,477,468	15,901,733
Common Class A [Member] | Common Stock Subject to Mandatory Redemption [Member]
Accounting Policies [Line Items]
Common stock subject to possible redemption	17,477,468	17,477,468	15,901,733
Class A common stock subject to possible redemption [Member]
Accounting Policies [Line Items]
Interest income on marketable securities held in trust	$ 3,273	$ 6,046
IPO [Member]
Accounting Policies [Line Items]
Class of warrant or right issued during period shares		10,666,667
IPO [Member] | Public Warrants [Member]
Accounting Policies [Line Items]
Class of warrant or right issued during period shares		(6,666,667)
IPO [Member] | Private Placement Warrants [Member]
Accounting Policies [Line Items]
Class of warrant or right issued during period shares		(4,000,000)

Significant Accounting Polici_5

Significant Accounting Policies - Schedule of earnings per share basic and diluted (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021
Numerator: Net income minus redeemable net earnings
Net income	$ 1,662,714	$ 14,094,632	$ 15,757,346
Common Class A [Member]
Numerator: Earnings allocable to Redeemable Class A ordinary shares
Interest income	3,273		6,046
Net earnings	$ 3,273		$ 6,046
Denominator: Weighted average redeemable Class A ordinary shares
Redeemable Class A ordinary shares, basic and diluted	20,000,000		20,000,000
Income/basic and diluted redeemable Class A ordinary shares	$ 0		$ 0
Numerator: Net income minus redeemable net earnings
Redeemable net earnings	$ (3,273)		$ (6,046)
Common Class B [Member]
Numerator: Earnings allocable to Redeemable Class A ordinary shares
Net earnings	(3,273)		(6,046)
Numerator: Net income minus redeemable net earnings
Net income	1,662,714		15,757,346
Redeemable net earnings	3,273		6,046
Non-redeemable net income	$ 1,659,441		$ 15,751,300
Denominator: weighted average non-redeemable Class B ordinary shares
Non-redeemable Class B ordinary shares, basic and diluted	5,000,000		5,000,000
Income/Basic and diluted non-redeemable ordinary shares	$ 0.33		$ 3.15

Initial Public Offering - Addit

Initial Public Offering - Additional Information (Detail) - USD ($)	Oct. 23, 2020	Jun. 30, 2021	Dec. 31, 2020
Initial Public Offering [Line Items]
Payment of stock issuance costs	$ 4,000,000
IPO [Member]
Initial Public Offering [Line Items]
Sale of stock issue price per share	$ 10
Common Class A [Member]
Initial Public Offering [Line Items]
Common stock par or stated value per share	0.0001	$ 0.0001	$ 0.0001
Class of warrants or rights exercise price per share	$ 11.50
Common Class A [Member] | IPO [Member]
Initial Public Offering [Line Items]
Stock shares issued during the period shares	$ 20,000,000
Common Class A [Member] | Over-Allotment Option [Member]
Initial Public Offering [Line Items]
Stock shares issued during the period shares	$ 2,500,000

Private Placement - Additional

Private Placement - Additional Information (Detail) - USD ($)	Oct. 23, 2020	Jun. 30, 2021
Private Placement Warrants [Member]
Disclosure Of Private Placement [Line Items]
Class of warrants or rights exercise price per share		$ 11.50
Minimum notice period for warrants redemption		24 months
Private Placement [Member]
Disclosure Of Private Placement [Line Items]
Class of warrants or rights issue price per share	$ 1.50
Class of warrants or rights exercise price per share	$ 11.50
Private Placement [Member] | Sponsor Private Placement Warrants [Member]
Disclosure Of Private Placement [Line Items]
Class of warrants or rights issue of warrants during the period	3,333,333
Private Placement [Member] | Cantor Private Placement Warrants [Member]
Disclosure Of Private Placement [Line Items]
Class of warrants or rights issue of warrants during the period	666,667
Private Placement [Member] | Sponsor Private Placement Warrants And Cantor Private Placement Warrants [Member]
Disclosure Of Private Placement [Line Items]
Proceeds from issuance of warrants	$ 6,000,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Oct. 23, 2020	Aug. 13, 2020	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Aug. 14, 2020
Founder [Member] | Restriction Period One [Member]
Related Party Transaction [Line Items]
Period after consummation of business combination within which shares shall not be transferred	150 days
Sponsor [Member]
Related Party Transaction [Line Items]
Debt instrument face value						$ 300,000
Proceeds from related party debt				$ 0
Repayment of related party debt	$ 0
Administrative fees paid to related party			$ 30,000	60,000
Sponsor [Member] | Administrative And Support Services [Member]
Related Party Transaction [Line Items]
Rent per month for office space administrative and support services	$ 10,000
Sponsor [Member] | Working Capital Loans From Sponsor [Member]
Related Party Transaction [Line Items]
Debt instrument convertible into warrants			$ 1,500,000	$ 1,500,000
Debt instrument conversion price per unit			$ 1.50	$ 1.50
Working capital loans outstanding			$ 0	$ 0	$ 0
Common Class A [Member]
Related Party Transaction [Line Items]
Common stock shares subject to forfeiture			20,000,000	20,000,000
Common stock shares issued			2,522,532	2,522,532	4,098,267
Common stock shares outstanding			2,522,532	2,522,532	4,098,267
Common Class A [Member] | Founder [Member]
Related Party Transaction [Line Items]
Share price	$ 12
Number of consecutive trading days for determining the share price	20 days
Number of trading days	30 days
Common Class B [Member]
Related Party Transaction [Line Items]
Stock issued during the period value for services		$ 25,000
Stock issued during the period shares for services		5,031,250
Common stock shares issued			5,000,000	5,000,000	5,000,000
Common stock shares outstanding			5,000,000	5,000,000	5,000,000
Common Class B [Member] | Restriction Period One [Member]
Related Party Transaction [Line Items]
Period after consummation of business combination within which shares shall not be transferred	1 year
Common Class B [Member] | Founder [Member]
Related Party Transaction [Line Items]
Common stock shares subject to forfeiture				656,250
Share based compensation by share forfeiture during the period	31,250
Common stock shares issued	5,000,000
Common stock shares outstanding	5,000,000
Percentage of the total common stock outstanding	20.00%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Oct. 23, 2020	Jun. 30, 2021
Commitements And Contingncies [Line Items]
Deferred underwriters' discount payable	$ 7,000,000		$ 7,000,000
IPO [Member]
Commitements And Contingncies [Line Items]
Percentage of Underwriters Discount		(2.00%)
Underwriting Discount		$ 4,000,000
Common Class A [Member]
Commitements And Contingncies [Line Items]
Lock in period of shares	30 days
Private Placement Warrants [Member]
Commitements And Contingncies [Line Items]
Lock in period of warrants	30 days
Cantor Private Placement Warrants [Member]
Commitements And Contingncies [Line Items]
Lock in period of warrants	5 years
Deferred underwriting commission payable per unit		$ 0.35

Shareholder's Equity - Addition

Shareholder's Equity - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares	Oct. 23, 2020$ / shares
Preferred stock shares authorized	1,000,000	1,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0
Conversion of class B to class A ordinary shares	0.20
Common Class A [Member]
Common stock shares authorized	200,000,000	200,000,000
Common stock par or stated value per share | $ / shares	$ 0.0001	$ 0.0001	$ 0.0001
Common stock shares issued	2,522,532	4,098,267
Common stock shares outstanding	2,522,532	4,098,267
Temporary Equity, Shares Outstanding	17,477,468	15,901,733
Common Class B [Member]
Common stock shares authorized	20,000,000	20,000,000
Common stock par or stated value per share | $ / shares	$ 0.0001	$ 0.0001
Common stock shares issued	5,000,000	5,000,000
Common stock shares outstanding	5,000,000	5,000,000

Warrants - Additional Informati

Warrants - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2021$ / sharesshares
Class of Warrant or Right [Line Items]
Maximum number of days required to make the changes effectively after business combination	60 days
Number of days required to filing sec return after business combination	20 days
Common Class A [Member]
Class of Warrant or Right [Line Items]
Shares issued on exercisable of warrants	60 days
Common Class A [Member] | Share Price More Than Or Equals To USD Eighteen [Member] | Common Stock [Member]
Class of Warrant or Right [Line Items]
Share price | $ / shares	$ 18
Public Warrants [Member]
Class of Warrant or Right [Line Items]
Class of warrant or right threshold trading days for exercise from date of business combination	30 days
Class of warrant or right restriction on transfer period	30 days
Class of warrant or right threshold period for exercise from date of closing public offering	12 months
Class of warrant or right outstanding | shares	6,666,667
Public Warrants [Member] | Share Price More Than Or Equals To USD Eighteen [Member]
Class of Warrant or Right [Line Items]
Class of warrant or right redemption price | $ / shares	$ 0.01
Class of warrant or right redemption threshold consecutive trading days	20 days
Class of warrant or right redemption threshold trading days	30 days
Private Placement Warrants [Member]
Class of Warrant or Right [Line Items]
Minimum notice period for warrants redemption	24 months
Class of warrant or right outstanding | shares	4,000,000
Private Placement Warrants [Member] | Share Trigger Price One [Member]
Class of Warrant or Right [Line Items]
Minimum notice period for warrants redemption	30 days

Fair Value Measurements - Summa

Fair Value Measurements - Summary of assets and liabilities that are measured at fair value on a recurring basis (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Assets:
Marketable Securities held in Trust Account	$ 200,008,250	$ 200,002,204
Fair Value, Recurring [Member]
Assets:
Marketable Securities held in Trust Account	200,008,250	200,002,204
Fair Value, Recurring [Member] | Public Warrants [Member]
Liabilities:
Warrant Liability	8,866,667	18,333,334
Fair Value, Recurring [Member] | Private Placement Warrants [Member]
Liabilities:
Warrant Liability	5,443,043	12,002,850
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member]
Assets:
Marketable Securities held in Trust Account	200,008,250	200,002,204
Fair Value, Inputs, Level 1 [Member] | Fair Value, Recurring [Member] | Public Warrants [Member]
Liabilities:
Warrant Liability	8,866,667	18,333,334
Fair Value, Inputs, Level 3 [Member] | Fair Value, Recurring [Member] | Private Placement Warrants [Member]
Liabilities:
Warrant Liability	$ 5,443,043	$ 12,002,850

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of fair value measurement inputs and valuation techniques (Detail) - Fair Value, Inputs, Level 3 [Member]	Jun. 30, 2021yr	Dec. 31, 2020yr
Stock price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	9.92	10.12
Strike price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	11.50	11.50
Term (in years)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	5.66	5.91
Volatility
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.195	0.395
Risk-free rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0.0098	0.0049
Dividend yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Warrants and rights outstanding, measurement input	0	0

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of fair value of the derivative warrant liabilities (Detail) - Warrant [Member] - Fair Value, Inputs, Level 3 [Member] - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Jun. 30, 2021
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, Beginning balance	$ 12,002,850	$ 12,002,850
Change in fair value	(5,887,993)	(671,814)
Fair value, Ending balance	$ 6,114,857	$ 5,443,043

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of transfers between levels	$ 0
Marketable Securities held in Trust Account	200,008,250	$ 200,002,204
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable Securities held in Trust Account	$ 200,008,250	$ 200,002,204