Restatement and Revision of Previously Issued Financial Statements | NOTE 2 — RESTATEMENT AND REVISION OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS Subsequent to the filing of the March 31, 2021 Form 10-Q As Previously Adjustments As Revised and Balance sheet as of March 31, 2021 Advances from related party $ 124,686 $ 300 $ 124,986 Total current liabilities 716,757 300 717,057 Deferred underwriting fee payable 14,000,000 572,044 14,572,044 Total liabilities 14,716,757 572,344 15,289,101 Class A common stock subject to possible redemption 399,605,240 (572,340 ) 399,032,900 Class A common share 167 120 287 Additional paid-in 5,089,954 (124 ) 5,089,830 Total stockholders’ equity 5,000,010 (4 ) 5,000,006 Condensed statement of operations from January 29, 2021 (inception) through March 31, 2021 Weighted average shares outstanding of Class A common stock subject to possible redemption, basic and diluted $ 38,897,378 $ 1,100,290 $ 39,997,668 Weighted average Class A and B shares outstanding, non-redeemable 6,661,046 (3,014 ) 6,658,032 Statement of changes in stockholders’ equity for the period from January 29, 2021 (inception) through March 31, 2021 Sale of Public Shares – Additional Paid-In $ 416,340,254 $ (300 ) $ 416,339,954 Sale of Public Shares – Total Stockholders’ Equity 416,344,418 (300 ) 416,344,118 Underwriting discounts – Additional Paid-In (8,000,000 ) (326,880 ) (8,326,880 ) Underwriting discounts – Total Stockholders’ Equity (8,000,000 ) (326,880 ) (8,326,880 ) Deferred underwriting fee payable – Additional Paid-In (14,000,000 ) 572,044 (14,572,044 ) Deferred underwriting fee payable – Total Stockholders’ Equity (14,000,000 ) 572,044 (14,572,044 ) Sale of private placement shares – Class A Common Stock – Shares — 1,132,688 1,132,688 Sale of private placement shares – Class A Common Stock – Amount — 114 114 Sale of private placement shares – Additional Paid-In 11,000,000 326,766 11,326,766 Sale of private placement shares – Total Stockholders’ Equity 11,000,000 326,880 11,326,880 Common stock subject to possible redemption – Class A Common Stock – Shares (39,960,524 ) 57,234 (39,903,290 ) Common stock subject to possible redemption – Class A Common Stock – Amount (3,997 ) 6 (3,991 ) Common stock subject to possible redemption – Additional Paid-In (399,601,243 ) 572,334 (399,028,909 ) Common stock subject to possible redemption – Total Stockholders’ Equity (399,605,240 ) 572,340 (399,032,900 ) Balance – Class A Common Stock – Shares 1,673,888 1,189,922 2,863,810 Balance – Class A Common Stock – Amount 167 120 287 Balance – Additional Paid-In 5,089,954 (124 ) 5,089,830 Balance – Total Stockholders’ Equity 5,000,010 (4 ) 5,000,006 Condensed statement of cash flows for the period from January 29, 2021 (inception) through March 31, 2021 Proceeds from sale of public shares net of underwriting discounts paid 408,344,118 (326,880 ) 408,017,238 Proceeds from private placement shares 11,000,000 326,880 11,326,880 Initial classification of Class A common stock subject to redemption 383,390,220 15,771,770 399,161,990 Change in classification of Class A common stock subject to possible redemption 16,215,020 (16,085,930 ) 129,090 Deferred underwriting fees payable 14,000,000 572,044 14,572,044 |