Registration of securities issued in business combination transactions

Statement of Changes in Shareholders' Equity

v3.21.2
Statement of Changes in Shareholders' Equity - USD ($)
Total
Class A Ordinary Shares
Class B Ordinary Shares
Additional Paid-in Capital
Accumulated Deficit
Beginning balance at Oct. 01, 2020 $ 0 $ 0 $ 0 $ 0 $ 0
Beginning balance (in shares) at Oct. 01, 2020   0 0    
Issuance of Class B ordinary shares to Sponsor [1],[2] 25,000 $ 0 $ 2,444 22,556  
Issuance of Class B ordinary shares to Sponsor, shares [1],[2]   0 24,437,500    
Net loss (18,620) $ 0     (18,620)
Ending balance at Dec. 31, 2020 6,380 $ 0 $ 2,444 22,556 (18,620)
Ending balance (in shares) at Dec. 31, 2020   0 24,437,500    
Issuance of Class B ordinary shares to Sponsor 957,730,890 $ 9,775   957,721,115  
Issuance of Class B ordinary shares to Sponsor, shares   97,750,000 2,875,000    
Offering costs (53,390,327)     (53,390,327)  
Sale of private placement warrants to Sponsor in private placement 6,858,410     6,858,410  
Shares subject to possible redemption (903,981,360) $ (9,040)   (903,972,320)  
Shares subject to possible redemption (in shares)   (90,398,136)      
Net loss (2,223,991)       (2,223,991)
Ending balance at Mar. 31, 2021 $ 5,000,002 $ 735 $ 2,444 $ 7,239,434 $ (2,242,611)
Ending balance (in shares) at Mar. 31, 2021   7,351,864 24,437,500    
[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.