| Schedule of Error Corrections and Prior Period Adjustments |
The impact of the restatement on the Company’s previously issued financial statements is reflected in the following tables. The following table presents the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported audited balance sheet as of March 8, 2021:
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| Balance Sheet as of March 8, 2021 (audited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Class A Ordinary Shares subject to possible redemption |
$ |
137,972,820 |
|
|
$ |
17,277,180 |
|
|
$ |
155,250,000 |
|
| Class A Ordinary Shares |
173 |
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|
(173) |
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|
— |
|
| Additional paid-in capital |
5,213,379 |
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|
(5,213,379) |
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|
— |
|
| Accumulated deficit |
(213,935) |
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|
(12,063,628) |
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|
(12,277,563) |
|
| Total shareholders' equity (deficit) |
5,000,005 |
|
|
(17,277,180) |
|
|
(12,277,175) |
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The following table presents the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported unaudited balance sheet as of March 31, 2021:
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| Balance Sheet as of March 31, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Class A Ordinary Shares subject to possible redemption |
$ |
137,841,810 |
|
|
$ |
17,408,190 |
|
|
$ |
155,250,000 |
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| Class A Ordinary Shares |
174 |
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|
(174) |
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|
— |
|
| Additional paid-in capital |
5,344,386 |
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|
(5,344,386) |
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|
— |
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| Accumulated deficit |
(344,946) |
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|
(12,063,630) |
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|
(12,408,576) |
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| Total shareholders' equity (deficit) |
5,000,002 |
|
|
(17,408,190) |
|
|
(12,408,188) |
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The following table presents the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported unaudited statement of cash flows for the period January 11, 2021 (inception) through March 31, 2021:
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| Period from January 11, 2021 (inception) through March 31, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Non-cash investing and financing activities |
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|
|
|
| Initial classification of Class A Ordinary Shares subject to possible redemption |
$ |
137,972,820 |
|
|
$ |
(137,972,820) |
|
|
$ |
— |
|
| Change in value of Class A Ordinary Shares subject to possible redemption |
(131,010) |
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|
131,010 |
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|
— |
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The following table presents the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported unaudited balance sheet as of June 30, 2021:
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| Balance Sheet as of June 30, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Class A Ordinary Shares subject to possible redemption |
$ |
134,801,360 |
|
|
$ |
20,448,640 |
|
|
$ |
155,250,000 |
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| Class A Ordinary Shares |
204 |
|
|
(204) |
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|
— |
|
| Additional paid-in capital |
8,384,806 |
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|
(8,384,806) |
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— |
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| Accumulated deficit |
(3,385,389) |
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|
(12,063,630) |
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|
(15,449,019) |
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| Total shareholders' equity (deficit) |
5,000,009 |
|
|
(20,448,640) |
|
|
(15,448,631) |
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The following table presents the effect of the financial statement adjustments related to the restatement discussed above of the Company's previously reported unaudited statement of cash flows for the period January 11, 2021 (inception) through June 30, 2021:
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| Period from January 11, 2021 (inception) through June 30, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Non-cash investing and financing activities |
|
|
|
|
|
| Initial classification of Class A Ordinary Shares subject to possible redemption |
$ |
137,972,820 |
|
|
$ |
(137,972,820) |
|
|
$ |
— |
|
| Change in value of Class A Ordinary Shares subject to possible redemption |
(3,171,460) |
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|
3,171,460 |
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|
— |
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The impact to the reported amounts of weighted average shares outstanding and the basic and diluted net income (loss) per share is presented in the following tables for the quarterly periods ended March 31, 2021 and June 30, 2021:
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Net Income (Loss) Per Share |
| Period from January 11, 2021 (inception) through March 31, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Weighted average shares outstanding - Class A Ordinary Shares |
15,525,000 |
|
|
(10,867,500) |
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|
4,657,500 |
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| Basic and diluted net income (loss) per share - Class A Ordinary Shares |
$ |
— |
|
|
$ |
(0.04) |
|
|
$ |
(0.04) |
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| Weighted average shares outstanding - Class B Ordinary Shares |
3,537,000 |
|
|
(10,125) |
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|
3,526,875 |
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| Basic and diluted net income (loss) per share - Class B Ordinary Shares |
$ |
(0.10) |
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|
$ |
0.06 |
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|
$ |
(0.04) |
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Net Income (Loss) Per Share |
| Three Months Ended June 30, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Weighted average shares outstanding - Class A Ordinary Shares |
15,525,000 |
|
|
— |
|
|
15,525,000 |
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| Basic and diluted net income (loss) per share - Class A Ordinary Shares |
$ |
— |
|
|
$ |
(0.16) |
|
|
$ |
(0.16) |
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| Weighted average shares outstanding - Class B Ordinary Shares |
3,881,250 |
|
|
— |
|
|
3,881,250 |
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| Basic and diluted net income (loss) per share - Class B Ordinary Shares |
$ |
(0.78) |
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|
$ |
0.62 |
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$ |
(0.16) |
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Net Income (Loss) Per Share |
| Period from January 11, 2021 (inception) through June 30, 2021 (unaudited) |
As Previously Reported |
|
Adjustment |
|
As Revised |
| Weighted average shares outstanding - Class A Ordinary Shares |
15,525,000 |
|
|
(5,084,211) |
|
|
10,440,789 |
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| Basic and diluted net income (loss) per share - Class A Ordinary Shares |
$ |
— |
|
|
$ |
(0.24) |
|
|
$ |
(0.24) |
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| Weighted average shares outstanding - Class B Ordinary Shares |
3,723,615 |
|
|
(8,154) |
|
|
3,715,461 |
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| Basic and diluted net income (loss) per share - Class B Ordinary Shares |
$ |
(0.91) |
|
|
$ |
0.67 |
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|
$ |
(0.24) |
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