General form of registration statement for all companies including face-amount certificate companies

CONDENSED BALANCE SHEETS

v3.21.2
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash $ 2,382,560 $ 3,873,865
Prepaid expenses 111,174 94,299
Total Current Assets 2,493,734 3,968,164
Marketable securities held in Trust Account 697,018,229 696,957,196
TOTAL ASSETS 699,511,963 700,925,360
Current liabilities    
Accounts payable and accrued expenses 745,986 635,483
Income taxes payable 98,700 95,302
Convertible promissory note-related party 3,132,013 3,104,359
Total Current Liabilities 3,976,699 3,835,144
Deferred income tax payable 0 976
Deferred underwriting fee payable 21,371,000 21,371,000
Derivative liabilities 85,044,413 128,339,190
Total Liabilities 110,392,112 153,546,310
Commitments and Contingencies
Class A common stock subject to possible redemption, 57,909,708 and 53,712,502 shares at redemption value at as of March 31, 2021 and December 31, 2020, respectively 584,119,845 542,379,040
Stockholders' Equity    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 50,398,148 92,138,533
Accumulated deficit (45,400,976) (87,141,777)
Total Stockholders' Equity 5,000,006 5,000,010
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 699,511,963 700,925,360
Class A Common Stock [Member]    
Stockholders' Equity    
Common stock value 1,109 1,529
Total Stockholders' Equity 1,109 1,529
Class B Common Stock [Member]    
Stockholders' Equity    
Common stock value 1,725 1,725
Total Stockholders' Equity $ 1,725 $ 1,725