Schedule of impact of the restatement on financial statements |
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
|
Previously
|
|
|
|
|
As
|
|
|
Reported
|
|
Adjustments
|
|
Restated
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of July 1, 2019 (audited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,509,982
|
|
$
|
38,110,000
|
|
$
|
59,619,982
|
Class A Common Stock Subject to Possible Redemption
|
|
|
666,500,190
|
|
|
(38,110,000)
|
|
|
628,390,190
|
Class A Common Stock
|
|
|
235
|
|
|
381
|
|
|
616
|
Additional Paid-in Capital
|
|
|
5,003,043
|
|
|
1,125,253
|
|
|
6,128,296
|
Accumulated Deficit
|
|
|
(5,000)
|
|
|
(1,125,634)
|
|
|
(1,130,634)
|
Total Stockholders’ Equity
|
|
|
5,000,003
|
|
|
—
|
|
|
5,000,003
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,650,019
|
|
|
(3,811,000)
|
|
|
62,839,019
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of September 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,438,614
|
|
$
|
55,988,000
|
|
$
|
77,426,614
|
Class A Common Stock Subject to Possible Redemption
|
|
|
669,011,539
|
|
|
(55,988,000)
|
|
|
613,023,539
|
Class A Common Stock
|
|
|
233
|
|
|
558
|
|
|
791
|
Additional Paid-in Capital
|
|
|
2,491,696
|
|
|
19,003,076
|
|
|
21,494,772
|
Retained Earnings (Accumulated Deficit)
|
|
|
2,506,354
|
|
|
(19,003,634)
|
|
|
(16,497,280)
|
Total Stockholders’ Equity
|
|
|
5,000,008
|
|
|
—
|
|
|
5,000,008
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,673,530
|
|
|
(5,579,751)
|
|
|
61,093,779
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of December 31, 2019 (audited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,638,123
|
|
$
|
56,360,000
|
|
$
|
77,998,123
|
Class A Common Stock Subject to Possible Redemption
|
|
|
671,198,229
|
|
|
(56,360,000)
|
|
|
614,838,229
|
Class A Common Stock
|
|
|
238
|
|
|
559
|
|
|
797
|
Additional Paid-in Capital
|
|
|
305,001
|
|
|
19,375,075
|
|
|
19,680,076
|
Retained Earnings (Accumulated Deficit)
|
|
|
4,693,042
|
|
|
(19,375,634)
|
|
|
(14,682,592)
|
Total Stockholders’ Equity
|
|
|
5,000,006
|
|
|
0.00
|
|
|
5,000,006
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,619,951
|
|
|
(5,594,026)
|
|
|
61,025,925
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of March 31, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,805,994
|
|
$
|
66,706,000
|
|
$
|
88,511,994
|
Class A Common Stock Subject to Possible Redemption
|
|
|
672,720,712
|
|
|
(66,706,000)
|
|
|
606,014,712
|
Class A Common Stock
|
|
|
240
|
|
|
660
|
|
|
900
|
Additional Paid-in Capital
|
|
|
—
|
|
|
28,503,490
|
|
|
28,503,490
|
Retained Earnings (Accumulated Deficit)
|
|
|
4,998,044
|
|
|
(28,504,150)
|
|
|
(23,506,106)
|
Total Stockholders’ Equity
|
|
|
5,000,009
|
|
|
—
|
|
|
5,000,009
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,602,417
|
|
|
(6,604,198)
|
|
|
59,998,219
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of June 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,739,976
|
|
$
|
111,342,000
|
|
$
|
133,081,976
|
Class A Common Stock Subject to Possible Redemption
|
|
|
672,594,363
|
|
|
(111,342,000)
|
|
|
561,252,363
|
Class A Common Stock
|
|
|
242
|
|
|
1,102
|
|
|
1,344
|
Additional Paid-in Capital
|
|
|
126,347
|
|
|
73,139,048
|
|
|
73,265,395
|
Retained Earnings (Accumulated Deficit)
|
|
|
4,871,691
|
|
|
(73,140,150)
|
|
|
(68,268,459)
|
Total Stockholders’ Equity
|
|
|
5,000,005
|
|
|
—
|
|
|
5,000,005
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,584,915
|
|
|
(11,022,539)
|
|
|
55,562,376
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
21,689,446
|
|
$
|
83,004,000
|
|
$
|
104,693,446
|
Class A Common Stock Subject to Possible Redemption
|
|
|
672,501,414
|
|
|
(83,004,000)
|
|
|
589,497,414
|
Class A Common Stock
|
|
|
244
|
|
|
821
|
|
|
1,065
|
Additional Paid-in Capital
|
|
|
219,294
|
|
|
44,801,329
|
|
|
45,020,623
|
Retained Earnings (Accumulated Deficit)
|
|
|
4,778,742
|
|
|
(44,802,150)
|
|
|
(40,023,408)
|
Total Stockholders’ Equity
|
|
|
5,000,005
|
|
|
—
|
|
|
5,000,005
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,563,478
|
|
|
(8,215,648)
|
|
|
58,347,830
|
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
|
Previously
|
|
|
|
|
As
|
|
|
Reported
|
|
Adjustments
|
|
Restated
|
|
|
|
|
|
|
|
|
|
|
Balance sheet as of December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
Total Liabilities
|
|
$
|
23,602,761
|
|
$
|
129,943,549
|
|
$
|
153,546,310
|
Class A Common Stock Subject to Possible Redemption
|
|
|
672,322,591
|
|
|
(129,943,551)
|
|
|
542,379,040
|
Class A Common Stock
|
|
|
242
|
|
|
1,287
|
|
|
1,529
|
Additional Paid-in Capital
|
|
|
398,119
|
|
|
91,740,414
|
|
|
92,138,533
|
Retained Earnings (Accumulated Deficit)
|
|
|
4,599,922
|
|
|
(91,741,699)
|
|
|
(87,141,777)
|
Total Stockholders’ Equity
|
|
|
5,000,008
|
|
|
2
|
|
|
5,000,010
|
|
|
|
|
|
|
|
|
|
|
Number of Class A common stock subject to redemption
|
|
|
66,580,981
|
|
|
(12,868,479)
|
|
|
53,712,502
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the three months ended September 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
2,507,354
|
|
$
|
(19,003,634)
|
|
$
|
(16,496,280)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,650,019
|
|
|
(3,811,000)
|
|
|
62,839,019
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.04
|
|
|
—
|
|
|
0.04
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,549,981
|
|
|
3,769,576
|
|
|
23,319,557
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
0.00
|
|
|
(0.81)
|
|
|
(0.81)
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period from April 11, 2019 (inception) to September 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
2,506,354
|
|
$
|
(19,003,634)
|
|
$
|
(16,497,280)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,650,019
|
|
|
(3,811,000)
|
|
|
62,839,019
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.04
|
|
|
—
|
|
|
0.04
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
17,433,711
|
|
|
2,016,285
|
|
|
19,449,996
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
0.00
|
|
|
(0.98)
|
|
|
(0.98)
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period from April 11, 2019 (inception) to December 31, 2019 (audited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
4,693,042
|
|
$
|
(19,375,634)
|
|
$
|
(14,682,592)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,661,839
|
|
|
(4,700,208)
|
|
|
61,961,631
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.07
|
|
|
0.01
|
|
|
0.08
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
18,180,430
|
|
|
3,258,099
|
|
|
21,438,529
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
(0.01)
|
|
|
(0.90)
|
|
|
(0.91)
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the three months ended March 31, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
1,522,486
|
|
$
|
(10,346,000)
|
|
$
|
(8,823,514)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,619,951
|
|
|
(5,594,026)
|
|
|
61,025,925
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.02
|
|
|
—
|
|
|
0.02
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,630,049
|
|
|
5,594,026
|
|
|
25,224,075
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
0.00
|
|
|
(0.41)
|
|
|
(0.41)
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the three months ended June 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net loss
|
|
$
|
(126,353)
|
|
$
|
(44,636,000)
|
|
$
|
(44,762,353)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,585,251
|
|
|
(6,587,032)
|
|
|
59,998,219
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.00
|
|
|
—
|
|
|
0.00
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,664,749
|
|
|
6,587,032
|
|
|
26,251,781
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
(0.01)
|
|
|
(1.70)
|
|
|
(1.71)
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the six months ended June 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
1,396,133
|
|
$
|
(54,982,000)
|
|
$
|
(53,585,867)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,602,601
|
|
|
(6,090,529)
|
|
|
60,512,072
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.02
|
|
|
0.01
|
|
|
0.03
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,647,399
|
|
|
6,090,529
|
|
|
25,737,928
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
(0.01)
|
|
|
(2.13)
|
|
|
(2.14)
|
Statement of Operations for the three months ended September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
(92,949)
|
|
$
|
28,338,000
|
|
$
|
28,245,051
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,563,636
|
|
|
(11,001,260)
|
|
|
55,562,376
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.00
|
|
|
—
|
|
|
0.00
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,686,364
|
|
|
11,001,260
|
|
|
30,687,624
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
0.00
|
|
|
0.92
|
|
|
0.92
|
Statement of Operations for the nine months ended September 30, 2020 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
1,303,184
|
|
$
|
(26,644,000)
|
|
$
|
(25,340,816)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,589,518
|
|
|
(7,739,388)
|
|
|
58,850,130
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.02
|
|
|
0.01
|
|
|
0.03
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,660,482
|
|
|
7,739,388
|
|
|
27,399,870
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
(0.02)
|
|
|
(0.96)
|
|
|
(0.98)
|
Statement of Operations for the year ended December 31, 2020 (audited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
1,124,364
|
|
$
|
(73,583,549)
|
|
$
|
(72,459,185)
|
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
|
|
|
66,592,589
|
|
|
(7,868,720)
|
|
|
58,723,869
|
Basic and diluted net income per share, Class A common stock subject to possible redemption
|
|
|
0.02
|
|
|
0.01
|
|
|
0.03
|
Basic and diluted weighted average shares outstanding, Non-redeemable common stock
|
|
|
19,657,411
|
|
|
7,868,720
|
|
|
27,526,131
|
Basic and diluted net loss per share, Non-redeemable common stock
|
|
|
(0.02)
|
|
|
(2.67)
|
|
|
(2.69)
|
|
|
|
|
|
|
|
|
|
|
|
|
As
|
|
|
|
|
|
|
|
|
Previously
|
|
|
|
|
As
|
|
|
Reported
|
|
Adjustments
|
|
Restated
|
Statement of Cash Flows for the period from April 11, 2019 (inception) to September 30, 2019 (unaudited)
|
|
|
|
|
|
|
|
|
|
Net income (loss)
|
|
$
|
2,506,354
|
|
$
|
(19,003,634)
|
|
$
|
(16,497,280)
|
Transaction costs attributable to the Initial Public Offering
|
|
|
—
|
|
|
(1,125,634)
|
|
|
(1,125,634)
|
Loss on derivative liabilities
|
|
|
—
|
|
|
(17,878,000)
|
|
|
(17,878,000)
|
Initial classification of Class A common stock subject to redemption
|
|
|
666,500,190
|
|
|
(38,110,000)
|
|
|
628,390,190
|
Change in value of Class A common stock subject to possible redemption
|
|
|
2,511,349
|
|
|
(17,878,000)
|
|
|
(15,366,651)
|
Statement of Cash Flows for the period from April 11, 2019 (inception) to December 31, 2019 (audited)
|
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|
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Net income (loss)
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$
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4,693,042
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$
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(19,375,634)
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$
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(14,682,592)
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Transaction costs attributable to the Initial Public Offering
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—
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(1,125,634)
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(1,125,634)
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Loss on derivative liabilities
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—
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(18,250,000)
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(18,250,000)
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Initial classification of Class A common stock subject to redemption
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666,500,190
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(38,110,000)
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628,390,190
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Change in value of Class A common stock subject to possible redemption
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4,698,039
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(18,250,000)
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|
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(13,551,961)
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Statement of Cash Flows for the three months ended March 31, 2020 (unaudited)
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Net income (loss)
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$
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1,522,486
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$
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(10,346,000)
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$
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(8,823,514)
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Loss on derivative liabilities
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|
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—
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|
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(10,346,000)
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|
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(10,346,000)
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Change in value of Class A common stock subject to possible redemption
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|
|
1,522,483
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|
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(10,346,000)
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|
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(8,823,517)
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Statement of Cash Flows for the six months ended June 30, 2020 (unaudited)
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Net income (loss)
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$
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1,396,133
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$
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(54,982,000)
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|
$
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(53,585,867)
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Loss on derivative liabilities
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|
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—
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|
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(54,982,000)
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|
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(54,982,000)
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Change in value of Class A common stock subject to possible redemption
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|
|
1,396,134
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|
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(54,982,000)
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|
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(53,585,866)
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Statement of Cash Flows for the nine months ended September 30, 2020 (unaudited)
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Net income (loss)
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$
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1,303,184
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$
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(26,644,000)
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$
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(25,340,816)
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Loss on derivative liabilities
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—
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|
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(26,644,000)
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|
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(26,644,000)
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Change in value of Class A common stock subject to possible redemption
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|
|
1,303,185
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|
|
(26,644,000)
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|
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(25,340,815)
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Statement of Cash Flows for the year ended December 31, 2020 (audited)
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Net income (loss)
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$
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1,124,364
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$
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(73,583,549)
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$
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(72,459,185)
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Loss on derivative liabilities
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—
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|
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(73,583,549)
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|
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(73,583,549)
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Change in value of Class A common stock subject to possible redemption
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1,124,362
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|
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(73,583,551)
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|
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(72,459,189)
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