| Accounting for Warrants |
| | | | | | | | | | | Balance sheet as of August 12, 2019 (audited) | | | | | | | | | | Total Liabilities | | $ | 9,194,592 | | | $ | 17,905,000 | | | $ | 27,099,592 | | Class A Ordinary Shares Subject to Possible Redemption | | | 237,606,630 | | | | (17,905,000 | ) | | | 219,701,630 | | Class A Ordinary Shares | | | 124 | | | | 179 | | | | 303 | | Additional Paid-in Capital | | | 5,004,165 | | | | 910,412 | | | | 5,914,577 | | Accumulated Deficit | | | (5,000 | ) | | | (910,591 | ) | | | (915,591 | ) | | | | | | | | | | | | | | | Balance sheet as of September 30, 2019 (unaudited) | | | | | | | | | | | | | Total Liabilities | | $ | 8,826,397 | | | $ | 18,365,000 | | | $ | 27,191,397 | | Class A Ordinary Shares Subject to Possible Redemption | | | 238,159,760 | | | | (18,365,000 | ) | | | 219,794,760 | | Class A Ordinary Shares | | | 125 | | | | 183 | | | | 308 | | Additional Paid-in Capital | | | 4,451,128 | | | | 1,370,408 | | | | 5,821,536 | | (Accumulated Deficit) Retained Earnings | | | 548,123 | | | | (1,370,591 | ) | | | (822,468 | ) | | | | | | | | | | | | | | | Balance sheet as of December 31, 2019 (audited) | | | | | | | | | | | | | Total Liabilities | | $ | 8,846,895 | | | $ | 13,260,000 | | | $ | 22,106,895 | | Class A Ordinary Shares Subject to Possible Redemption | | | 239,229,796 | | | | (13,260,000 | ) | | | 225,969,796 | | Class A Ordinary Shares | | | 126 | | | | 132 | | | | 258 | | Additional Paid-in Capital | | | 3,381,091 | | | | (3,381,091 | ) | | | — |
| (Accumulated Deficit) Retained Earnings | | | 1,618,159 | | | | 3,380,959 | | | | 4,999,118 | | | | | | | | | | | | | | | | Balance sheet as of March 31, 2020 (unaudited) | | | | | | | | | | | | | Total Liabilities | | $ | 9,163,720 | | | $ | 13,065,000 | | | $ | 22,228,720 | | Class A Ordinary Shares Subject to Possible Redemption | | | 240,856,900 | | | | (13,065,000 | ) | | | 227,791,900 | | Class A Ordinary Shares | | | 129 | | | | 129 | | | | 258 | | Additional Paid-in Capital | | | 1,753,984 | | | | (1,753,984 | ) | | | — |
| (Accumulated Deficit) Retained Earnings | | | 3,245,266 | | | | 1,753,855 | | | | 4,999,121
| | | | | | | | | | | | | | | | Balance sheet as of June 30, 2020 (unaudited) | | | | | | | | | | | | | Total Liabilities | | $ | 9,187,458 | | | $ | 16,050,000 | | | $ | 25,237,458 | | Class A Ordinary Shares Subject to Possible Redemption | | | 240,695,088 | | | | (16,050,000 | ) | | | 224,645,088 | | Class A Ordinary Shares | | | 132 | | | | 158 | | | | 290 | | Additional Paid-in Capital | | | 1,915,793 | | | | (591,117 | ) | | | 1,324,676 | | (Accumulated Deficit) Retained Earnings | | | 3,083,457 | | | | 590,959 | | | | 3,674,416 | | | | | | | | | | | | | | | | Balance sheet as of September 30, 2020 (unaudited) | | | | | | | | | | | | | Total Liabilities | | $ | 9,247,425 | | | $ | 17,355,000 | | | $ | 26,602,425 | | Class A Ordinary Shares Subject to Possible Redemption | | | 240,581,127 | | | | (17,355,000 | ) | | | 223,226,127 | | Class A Ordinary Shares | | | 133 | | | | 171 | | | | 304 | | Additional Paid-in Capital | | | 2,029,753 | | | | 713,870 | | | | 2,743,623 | | (Accumulated Deficit) Retained Earnings | | | 2,969,497 | | | | (714,041 | ) | | | 2,255,456 | | | | | | | | | | | | | | | | Balance sheet as of December 31, 2020 (audited) | | | | | | | | | | | | | Total Liabilities | | $ | 11,902,970 | | | $ | 63,680,000 | | | $ | 75,582,970 | | Class A Ordinary Shares Subject to Possible Redemption | | | 237,628,272 | | | | (63,679,999 | ) | | | 173,948,273 | | Class A Ordinary Shares | | | 163 | | | | 626 | | | | 789 | | Additional Paid-in Capital | | | 4,982,578 | | | | 47,038,414 | | | | 52,020,992 | | (Accumulated Deficit) Retained Earnings | | | 16,638 | | | | (47,039,041 | ) | | | (47,022,403 | ) | | | | | | | | | | | | | | | Three months ended September 30, 2019 (unaudited) | | | | | | | | | | | | | Net loss | | $ | 553,123 | | | $ | (1,370,591 | ) | | $ | (817,468 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 21,970,163 | | | | 21,970,163 | | Basic and diluted net loss per share, ordinary shares subject to redemption | | | — | | | $ | 0.03 | | | $ | 0.03 | | Weighted average shares outstanding of ordinary shares | | | 6,910,082 | | | | 953,636 | | | | 7,863,718 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.01 | ) | | $ | (0.18 | ) | | $ | (0.19 | ) | | | | | | | | | | | | | | | Nine months ended September 30, 2019 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 548,123 | | | $ | (1,370,591 | ) | | $ | (822,468 | ) |
| | | As Previously Reported | | | Adjustments | | | As Restated | | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 21,970,163 | | | | 21,970,163 | | Basic and diluted net loss per share, ordinary shares subject to redemption | | | — | | | $ | 0.03 | | | $ | 0.03 | | Weighted average shares outstanding of ordinary shares | | | 6,792,210 | | | | 783,344 | | | | 7,575,554 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.02 | ) | | $ | (0.17 | ) | | $ | (0.19 | ) | | | | | | | | | | | | | | | Year ended December 31, 2019 (audited) | | | | | | | | | | | | | Net income | | $ | 1,618,159 | | | $ | 3,734,409 | | | $ | 5,352,568 | | Weighted average shares outstanding of redeemable ordinary shares | | | 23,754,184 | | | | (1,817,232 | ) | | | 21,936,952 | | Basic and diluted earnings per share, ordinary shares subject to redemption | | $ | 0.08 | | | | — | | | $ | 0.08 | | Weighted average shares outstanding of ordinary shares | | | 7,111,079 | | | | 1,256,028 | | | | 8,367,106 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.03 | ) | | $ | 0.45 | | | $ | 0.42 | | | | | | | | | | | | | | | | Three months ended March 31, 2020 (unaudited) | | | | | | | | | | | | | Net income | | $ | 1,627,107 | | | $ | 195,000 | | | $ | 1,822,107 | | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 22,424,313 | | | | 22,424,313 | | Basic and diluted earnings per share, ordinary shares subject to redemption | | | — | | | $ | 0.09 | | | $ | 0.09 | | Weighted average shares outstanding of ordinary shares | | | 7,509,819 | | | | 1,315,868 | | | | 8,825,687 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.05 | ) | | $ | 0.03 | | | $ | (0.02 | ) | | | | | | | | | | | | | | | Three months ended June 30, 2020 (unaudited) | | | | | | | | | | | | | Net loss | | $ | (161,809 | ) | | $ | (2,985,000 | ) | | $ | (3,146,809 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 22,419,605 | | | | 22,419,605 | | Weighted average shares outstanding of ordinary shares | | | 7,544,519 | | | | 1,285,876 | | | | 8,830,395 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.03 | ) | | $ | (0.33 | ) | | $ | (0.36 | ) | | | | | | | | | | | | | | | Six months ended June 30, 2020 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 1,465,298 | | | $ | (2,790,000 | ) | | $ | (1,324,702 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 22,421,959 | | | | 22,421,959 | | Basic and diluted earnings per share, ordinary shares subject to redemption | | | — | | | $ | 0.09 | | | $ | 0.09 | | Weighted average shares outstanding of ordinary shares | | | 7,527,169 | | | | 1,300,872 | | | | 8,828,041 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.08 | ) | | $ | (0.30 | ) | | $ | (0.38 | ) | | | | | | | | | | | | | | | Three months ended September 30, 2020 (unaudited) | | | | | | | | | | | | | Net loss | | $ | (113,960 | ) | | $ | (1,305,000 | ) | | $ | (1,418,960 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 22,104,581 | | | | 22,104,581 | | Weighted average shares outstanding of ordinary shares | | | 7,566,134 | | | | 1,579,285 | | | | 9,145,419 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.02 | ) | | $ | (0.14 | ) | | $ | (0.16 | ) | | | | | | | | | | | | | | | Nine months ended September 30, 2020 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 1,351,338 | | | $ | (4,095,000 | ) | | $ | (2,743,662 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | — | | | | 22,315,394 | | | | 22,315,394 | | Basic and diluted earnings per share, ordinary shares subject to redemption | | | — | | | $ | 0.09 | | | $ | 0.09 | | Weighted average shares outstanding of ordinary shares | | | 7,538,169 | | | | 1,396,437 | | | | 8,934,606 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.10 | ) | | $ | (0.44 | ) | | $ | (0.54 | ) |
| | | As Previously Reported | | | Adjustments | | | As Restated | | Year ended December 31, 2020 (audited) | | | | | | | | | | Net loss | | $ | (1,601,521 | ) | | $ | (50,420,000 | ) | | $ | (52,021,521 | ) | Weighted average shares outstanding of redeemable ordinary shares | | | 23,699,368 | | | | (1,473,041 | ) | | | 22,226,328 | | Basic and diluted earnings per share, ordinary shares subject to redemption | | $ | 0.07 | | | | — | | | $ | 0.07 | | Weighted average shares outstanding of ordinary shares | | | 7,550,632 | | | | 1,473,041 | | | | 9,023,672 | | Basic and diluted net loss per share, ordinary shares | | $ | (0.42 | ) | | $ | (5.52 | ) | | $ | (5.94 | ) | | | | | | | | | | | | | | | Statement of cash flows for the period from June 7, 2019 (inception) through September 30, 2019 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 548,123 | | | $ | (1,370,591 | ) | | $ | (822,468 | ) | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | (460,000 | ) | | | (460,000 | ) | Compensation expense | | | — | | | | (280,000 | ) | | | (280,000 | ) | Transaction costs | | | — | | | | (630,591 | ) | | | (630,591 | ) | | | | | | | | | | | | | | | Statement of cash flows year ended December 31, 2019 (audited) | | | | | | | | | | | | | Net income | | $ | 1,618,159 | | | $ | 3,734,409 | | | $ | 5,352,568 | | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | 4,645,000 | | | | 4,645,000 | | Compensation expense | | | — | | | | (280,000 | ) | | | (280,000 | ) | Transaction costs | | | — | | | | (630,591 | ) | | | (630,591 | ) | | | | | | | | | | | | | | | Statement of cash flows three months ended March 31, 2020 (unaudited) | | | | | | | | | | | | | Net income | | $ | 1,627,107 | | | $ | 195,000 | | | $ | 1,822,107 | | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | 195,000 | | | | 195,000 | | | | | | | | | | | | | | | | Statement of cash flows six months ended June 30, 2020 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 1,465,298 | | | $ | (2,790,000 | ) | | $ | (1,324,702 | ) | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | (2,790,000 | ) | | | (2,790,000 | ) | | | | | | | | | | | | | | | Statement of cash flows nine months ended September 30, 2020 (unaudited) | | | | | | | | | | | | | Net (loss) income | | $ | 1,351,338 | | | $ | (4,095,000 | ) | | $ | (2,743,662 | ) | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | (4,095,000 | ) | | | (4,095,000 | ) | | | | | | | | | | | | | | | Statement of cash flows year ended December 31, 2020 (audited) | | | | | | | | | | | | | Net loss | | $ | (1,601,521 | ) | | $ | (50,420,000 | ) | | $ | (52,021,521 | ) | Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | | | | | | | Change in fair value of warrant liability | | | — | | | | (50,420,000 | ) | | | (50,420,000 | ) |
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