Schedule of the effect of the correction on each financial statement line item |
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|
|
|
|
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|
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Period
|
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|
|
Balance Sheet as of September 17, 2019
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|
As Reported
|
|
Adjustment
|
|
As Adjusted
|
Warrant Liability
|
|
$
|
—
|
|
$
|
18,300,000
|
|
$
|
18,300,000
|
Class A common stock subject to possible redemption
|
|
|
261,909,820
|
|
|
(18,300,000)
|
|
|
243,609,820
|
Class A common stock
|
|
|
131
|
|
|
183
|
|
|
314
|
Additional paid-in capital
|
|
$
|
5,000,481
|
|
$
|
636,486
|
|
$
|
5,636,967
|
Accumulated deficit
|
|
$
|
(1,297)
|
|
$
|
(636,669)
|
|
$
|
(637,966)
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Total Stockholders’ Equity
|
|
$
|
5,000,003
|
|
$
|
0
|
|
$
|
5,000,003
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
|
|
|
26,190,982
|
|
|
(1,830,000)
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|
|
24,360,982
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Balance Sheet as of September 30, 2019
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|
|
|
|
|
|
|
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Warrant Liability
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|
$
|
—
|
|
$
|
17,966,667
|
|
$
|
17,966,667
|
Class A common stock subject to possible redemption
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|
|
262,009,255
|
|
|
(17,966,667)
|
|
|
244,042,588
|
Class A common stock
|
|
|
131
|
|
|
180
|
|
|
311
|
Additional paid-in capital
|
|
$
|
4,901,046
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|
$
|
303,156
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|
$
|
5,204,202
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Retained earnings (Accumulated deficit)
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|
|
98,139
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|
|
(303,336)
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|
|
(205,197)
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Total Stockholders’ Equity
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|
$
|
5,000,004
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|
$
|
—
|
|
$
|
5,000,004
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
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|
|
26,187,385
|
|
|
(1,795,738)
|
|
|
24,391,647
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Balance Sheet as of December 31, 2019
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|
|
|
|
|
|
|
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Warrant Liability
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$
|
—
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|
$
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16,116,667
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|
$
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16,116,667
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Class A common stock subject to possible redemption
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|
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262,695,890
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|
|
(16,116,667)
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|
|
246,579,223
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Class A common stock
|
|
|
132
|
|
|
161
|
|
|
293
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Additional paid-in capital
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$
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4,214,410
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|
$
|
(1,546,825)
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|
$
|
2,667,585
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Retained earnings
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|
$
|
784,778
|
|
$
|
1,546,664
|
|
$
|
2,331,442
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Total Stockholders’ Equity
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|
$
|
5,000,008
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|
$
|
—
|
|
$
|
5,000,008
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
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|
|
26,180,927
|
|
|
(1,606,227)
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|
|
24,574,700
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Statement of Operations for the period from May 24, 2019 (Inception)through September 30, 2019
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|
|
|
|
|
|
|
|
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Transaction costs allocable to warrant liabilities
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|
|
—
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|
|
(636,669)
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|
|
(636,669)
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Change in fair value of warrant liabilities
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|
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—
|
|
|
333,333
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|
|
333,333
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Net income (loss)
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|
$
|
98,139
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|
$
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(303,336)
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|
$
|
(205,197)
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Basic and diluted weighted average shares outstanding, common stock
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|
|
6,444,901
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|
|
—
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|
|
6,444,901
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Basic and diluted net loss per common share, common stock
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|
$
|
0.01
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|
$
|
(0.05)
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|
$
|
(0.05)
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|
|
|
|
|
|
|
|
|
|
Statement of Operations for the year ended December 31, 2019
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|
|
|
|
|
|
|
|
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Transaction costs allocable to warrant liabilities
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|
|
—
|
|
|
(636,669)
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|
|
(636,669)
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Change in fair value of warrant liabilities
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|
|
—
|
|
|
2,218,333
|
|
|
2,218,333
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Net income
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|
$
|
784,778
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|
$
|
1,546,664
|
|
$
|
2,331,442
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Basic and diluted weighted average shares outstanding, common stock
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|
|
7,170,375
|
|
|
855,194
|
|
|
8,025,569
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Basic and diluted net income (loss) per common share, common stock
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|
$
|
(0.01)
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|
$
|
0.20
|
|
$
|
0.19
|
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemptio
|
|
|
26,187,830
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|
|
(1,799,980)
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|
|
24,387,850
|
SUMMARY FINANCIAL STATEMENT IMPACT
(Preliminary, unaudited)
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Period
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Balance Sheet as of March 31, 2020
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|
|
As Reported
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|
Adjustment
|
|
As Restated
|
Warrant Liability
|
|
$
|
—
|
|
$
|
10,991,667
|
|
$
|
10,991,667
|
Class A common stock subject to possible redemption
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|
|
263,267,961
|
|
|
(10,991,667)
|
|
|
252,276,294
|
Class A common stock
|
|
|
134
|
|
|
110
|
|
|
244
|
Additional paid-in capital
|
|
$
|
3,642,337
|
|
$
|
(6,671,774)
|
|
$
|
(3,029,437)
|
Retained earnings
|
|
$
|
1,356,849
|
|
$
|
6,671,664
|
|
$
|
8,028,513
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Total Stockholders’ Equity
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|
$
|
5,000,008
|
|
$
|
—
|
|
$
|
5,000,008
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
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|
|
26,163,140
|
|
|
(1,092,334)
|
|
|
25,070,806
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet as of June 30, 2020
|
|
|
|
|
|
|
|
|
|
Warrant Liability
|
|
$
|
—
|
|
$
|
13,500,000
|
|
$
|
13,500,000
|
Class A common stock subject to possible redemption
|
|
|
263,261,986
|
|
|
(13,500,000)
|
|
|
249,761,986
|
Class A common stock
|
|
|
134
|
|
|
135
|
|
|
269
|
Additional paid-in capital
|
|
$
|
3,648,312
|
|
$
|
(4,163,466)
|
|
$
|
(515,154)
|
Retained earnings
|
|
$
|
1,350,867
|
|
$
|
4,163,331
|
|
$
|
5,514,198
|
Total Stockholders’ Equity
|
|
$
|
5,000,001
|
|
$
|
—
|
|
$
|
5,000,001
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
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|
|
26,156,915
|
|
|
(1,341,319)
|
|
|
24,815,596
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet as of September 30, 2020
|
|
|
|
|
|
|
|
|
|
Warrant Liability
|
|
$
|
—
|
|
$
|
18,525,000
|
|
$
|
18,525,000
|
Class A common stock subject to possible redemption
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|
|
263,161,825
|
|
|
(18,525,000)
|
|
|
244,636,825
|
Class A common stock
|
|
|
136
|
|
|
185
|
|
|
321
|
Additional paid-in capital
|
|
$
|
3,748,471
|
|
$
|
861,484
|
|
$
|
4,609,955
|
Retained earnings
|
|
$
|
1,250,712
|
|
$
|
(861,669)
|
|
$
|
389,043
|
Total Stockholders’ Equity
|
|
$
|
5,000,007
|
|
$
|
—
|
|
$
|
5,000,007
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
|
|
|
26,141,235
|
|
|
(1,840,185)
|
|
|
24,301,050
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance Sheet as of December 31, 2020
|
|
|
|
|
|
|
|
|
|
Warrant Liability
|
|
$
|
—
|
|
$
|
36,766,667
|
|
$
|
36,766,667
|
Class A common stock subject to possible redemption
|
|
|
262,823,607
|
|
|
(36,766,668)
|
|
|
226,056,939
|
Class A common stock
|
|
|
136
|
|
|
366
|
|
|
502
|
Additional paid-in capital
|
|
$
|
4,086,689
|
|
$
|
19,102,971
|
|
$
|
23,189,660
|
Retained earnings (Accumulated deficit)
|
|
$
|
912,496
|
|
$
|
(19,103,336)
|
|
$
|
(18,190,840)
|
Total Stockholders’ Equity
|
|
$
|
5,000,009
|
|
$
|
1
|
|
$
|
5,000,010
|
|
|
|
|
|
|
|
|
|
|
Number of shares subject to possible redemption
|
|
|
26,136,620
|
|
|
(3,656,279)
|
|
|
22,480,341
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period ended March 31, 2020
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liabilities
|
|
|
—
|
|
|
5,125,000
|
|
|
5,125,000
|
Net income
|
|
$
|
572,071
|
|
$
|
5,125,000
|
|
$
|
5,697,071
|
Basic and diluted weighted average shares outstanding, common stock
|
|
|
8,194,073
|
|
|
—
|
|
|
8,194,073
|
Basic and diluted net income per common share, common stock
|
|
$
|
—
|
|
$
|
0.63
|
|
$
|
0.63
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period ended June 30, 2020
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liabilities
|
|
|
—
|
|
|
2,616,667
|
|
|
2,616,667
|
Net income
|
|
$
|
566,089
|
|
$
|
2,616,667
|
|
$
|
3,182,756
|
Basic and diluted weighted average shares outstanding, common stock
|
|
|
8,202,967
|
|
|
—
|
|
|
8,202,967
|
Basic and diluted net income (loss) per common share, common stock
|
|
$
|
(0.02)
|
|
$
|
0.32
|
|
$
|
0.30
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the period ended September 30, 2020
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liabilities
|
|
|
—
|
|
|
(2,408,333)
|
|
|
(2,408,333)
|
Net income (loss)
|
|
$
|
465,934
|
|
$
|
(2,408,333)
|
|
$
|
(1,942,399)
|
Basic and diluted weighted average shares outstanding, common stock
|
|
|
8,208,043
|
|
|
—
|
|
|
8,208,043
|
Basic and diluted net loss per common share, common stock
|
|
$
|
(0.03)
|
|
$
|
(0.29)
|
|
$
|
(0.32)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Statement of Operations for the year ended December 31, 2020
|
|
|
|
|
|
|
|
|
|
Change in fair value of warrant liabilities
|
|
|
—
|
|
|
(20,650,000)
|
|
|
(20,650,000)
|
Net income (loss)
|
|
$
|
127,718
|
|
$
|
(20,650,000)
|
|
$
|
(20,522,282)
|
Basic and diluted weighted average shares outstanding, common stock
|
|
|
8,214,508
|
|
|
1,470,676
|
|
|
9,685,184
|
Basic and diluted net loss per common share, common stock
|
|
$
|
(0.05)
|
|
$
|
(2.12)
|
|
$
|
(2.17)
|
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption
|
|
|
26,160,492
|
|
|
(1,470,676)
|
|
|
24,689,816
|
|