Registration of securities issued in business combination transactions

Balance Sheets

v3.21.2
Balance Sheets - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash $ 757,574 $ 0
Prepaid expenses 1,505,996 6,380
Total current assets 2,263,570 6,380
Deferred offering costs associated with proposed public offering   56,483
Cash held in Trust Account 977,508,835  
Total Assets 979,772,405 62,863
Current liabilities:    
Accounts payable 37,951 23,450
Accrued expenses 359,666 33,033
Due to related party 89,204  
Total current liabilities 486,821 56,483
Deferred legal fees 18,182  
Deferred underwriting commissions 34,212,500  
Derivative warrant liabilities 36,073,540  
Total liabilities 70,791,043 56,483
Commitments and Contingencies
Class A ordinary shares, $0.0001 par value; 90,398,136 and 0 shares subject to possible redemption at $10.00 per share at March 31, 2021 and December 31, 2020, respectively 903,981,360  
Shareholder's Equity:    
Preference shares,value
Additional paid-incapital 7,239,434 22,556
Accumulated deficit (2,242,611) (18,620)
Total shareholder's equity 5,000,002 6,380
Total Liabilities and Shareholder's Equity 979,772,405 62,863
Class A Ordinary Shares    
Shareholder's Equity:    
Common Stock 735  
Total shareholder's equity 735 0
Class B Ordinary Shares    
Shareholder's Equity:    
Common Stock 2,444 2,444 [1],[2]
Total shareholder's equity $ 2,444 $ 2,444
[1] On February 10, 2021, the Company effected a share capitalization resulting in an aggregate of 24,437,500 Class B ordinary shares outstanding. All shares and associated amounts have been retroactively restated to reflect the share capitalization (see Note 5).
[2] This number includes up to 3,187,500 Class B ordinary shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters.