We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
CC Neuberger Principal Holdings I | NYSE:PCPL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.98 | 0 | 01:00:00 |
|
Delaware
(State or other jurisdiction of incorporation or organization)
|
| |
001-39272
(Commission File Number)
|
| |
86-1874570
(I.R.S. Employer
Identification Number) |
|
|
9600 Great Hills Trail, Suite 300E, Austin, TX
(Address of principal executive offices)
|
| |
78759
(Zip Code)
|
|
|
Title of Each Class:
|
| |
Trading Symbol:
|
| |
Name of Each Exchange on Which Registered:
|
|
| Class A Common Stock, par value $0.0001 per share | | |
ETWO
|
| |
The New York Stock Exchange
|
|
| Warrants exercisable for one share of Class A common stock at an exercise price of 11.50 | | |
ETWO WS
|
| |
The New York Stock Exchange
|
|
| Large accelerated filer | | | ☐ | | | Accelerated filer | | | ☐ | |
| Non-accelerated filer | | | ☒ | | | Smaller reporting company | | | ☒ | |
| | | | | | | Emerging growth company | | | ☒ | |
| | |
Page
|
| ||||||
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS | | | | | iii | | | |||
EXPLANATORY NOTE | | | |
|
| | ||||
PART I | | | | | 1 | | | |||
| | | | 1 | | | ||||
| | | | 3 | | | ||||
| | | | 4 | | | ||||
| | | | 4 | | | ||||
| | | | 4 | | | ||||
| | | | 4 | | | ||||
PART II | | | | | 5 | | | |||
| | | | 5 | | | ||||
| | | | 5 | | | ||||
| | | | 6 | | | ||||
| | | | 12 | | | ||||
| | | | 12 | | | ||||
| | | | 12 | | | ||||
| | | | 12 | | | ||||
PART III | | | | | 14 | | | |||
| | | | 14 | | | ||||
| | | | 14 | | | ||||
| | | | 14 | | | ||||
| | | | 14 | | | ||||
PART IV | | | | | 15 | | | |||
| | | | 15 | | | ||||
| | | | 15 | | | ||||
| | | | 17 | | |
|
Exhibit
No. |
| |
Description
|
|
| 101.INS | | | XBRL Instance Document | |
| 101.SCH | | | XBRL Taxonomy Extension Schema | |
| 101.CAL | | | XBRL Taxonomy Extension Calculation Linkbase | |
| 101.DEF | | | XBRL Taxonomy Extension Definition Linkbase | |
| 101.LAB | | | XBRL Taxonomy Extension Label Linkbase | |
| 101.PRE | | | XBRL Taxonomy Extension Presentation Linkbase | |
|
Name
|
| |
Position
|
| |
Date
|
|
|
/s/ Michael A. Farlekas
Michael A. Farlekas
|
| | (Principal Executive Officer) | | |
May 4, 2021
|
|
|
/s/ Jarett J. Janik
Jarett J. Janik
|
| | (Principal Financial Officer) | | |
May 4, 2021
|
|
|
/s/ Deepa L. Kurian
Deepa L. Kurian
|
| | (Principal Accounting Officer) | | |
May 4, 2021
|
|
|
/s/ Chinh E. Chu
Chinh E. Chu
|
| | Director | | |
May 4, 2021
|
|
|
/s/ Ryan M. Hinkle
Ryan M. Hinkle
|
| | Director | | |
May 4, 2021
|
|
|
/s/ Timothy I. Maudlin
Timothy I. Maudlin
|
| | Director | | |
May 4, 2021
|
|
|
/s/ Eva F. Huston
Eva F. Huston
|
| | Director | | |
May 4, 2021
|
|
|
/s/ Stephen C. Daffron
Stephen C. Daffron
|
| | Director | | |
May 4, 2021
|
|
|
/s/ Keith Abell
Keith Abell
|
| | Director | | |
May 4, 2021
|
|
| | |
Page No.
|
| |||
| | | | F-2 | | | |
Financial Statements: | | | | | | | |
| | | | F-3 | | | |
| | | | F-4 | | | |
| | | | F-5 | | | |
| | | | F-6 | | | |
| | | | F-7 | | |
| Assets | | | | | | | | | ||
| Current assets: | | | | | | | | | ||
|
Cash and cash equivalents
|
| | | $ | 455,318 | | | | ||
|
Prepaid expenses
|
| | | | 302,315 | | | | ||
|
Total current assets
|
| | | | 757,633 | | | | ||
|
Investments held in Trust Account
|
| | | | 414,049,527 | | | | ||
|
Total Assets
|
| | | $ | 414,807,160 | | | | ||
| Liabilities and Shareholders’ Equity | | | | | | | | | ||
| Current liabilities: | | | | | | | | | ||
|
Accrued expenses
|
| | | $ | 2,147,682 | | | | ||
|
Accounts payable
|
| | | | 1,260,831 | | | | ||
|
Due to related party
|
| | | | 24,399 | | | | ||
|
Total current liabilities
|
| | | | 3,432,912 | | | | ||
|
Deferred legal fees
|
| | | | 947,087 | | | | ||
|
Deferred underwriting commissions
|
| | | | 14,490,000 | | | | ||
|
Derivative liabilities
|
| | | | 99,115,200 | | | | ||
|
Total Liabilities
|
| | | | 117,985,199 | | | | | |
| Commitments and Contingencies (Note 8) | | | | | | | | | ||
|
Class A ordinary shares, $0.0001 par value; 29,182,196 shares subject to possible redemption at $10.00 per share
|
| | | | 291,821,955 | | | | ||
| Shareholders’ Equity | | | | | | | | | ||
|
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
|
| | | | — | | | | ||
|
Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; 12,217,804 shares issued and outstanding (excluding 29,182,196 shares subject to possible redemption)
|
| | | | 1,222 | | | | ||
|
Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 15,350,000 shares issued and outstanding
|
| | | | 1,535 | | | | ||
|
Additional paid-in capital
|
| | | | 76,269,141 | | | | ||
|
Accumulated deficit
|
| | | | (71,271,892) | | | | ||
|
Total shareholders’ equity
|
| | | | 5,000,006 | | | | ||
|
Total Liabilities and Shareholders’ Equity
|
| | | $ | 414,807,160 | | | |
| Operating expenses | | | | | | | |
|
General and administrative expenses
|
| | | $ | 3,889,134 | | |
|
Loss from operations
|
| | | | (3,889,134) | | |
|
Net gain from investments held in Trust Account
|
| | | | 49,527 | | |
|
Loss from change in fair value of derivative liabilities
|
| | | | (66,002,200) | | |
|
Financing cost – derivative liabilities
|
| | | | (1,430,085) | | |
|
Net loss
|
| | | $ | (71,271,892) | | |
|
Weighted average shares outstanding of Class A ordinary shares
|
| | | | 41,400,000 | | |
|
Basic and diluted net income per share, Class A
|
| | | $ | 0.00 | | |
|
Weighted average shares outstanding of Class B ordinary shares
|
| | | | 15,350,000 | | |
|
Basic and diluted net loss per share, Class B
|
| | | $ | (4.65) | | |
| | |
Ordinary Shares
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Shareholders’ Equity |
| ||||||||||||||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| ||||||||||||||||||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance – January 14, 2020 (Inception)
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of Class B ordinary shares to Sponsor
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | — | | | | | | 25,000 | | |
Sale of units in initial public offering, gross
|
| | | | 41,400,000 | | | | | | 4,140 | | | | | | — | | | | | | — | | | | | | 413,995,860 | | | | | | — | | | | | | 414,000,000 | | |
Offering costs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,098,147) | | | | | | — | | | | | | (23,098,147) | | |
Initial recognition of forward purchase agreement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 351,000 | | | | | | — | | | | | | 351,000 | | |
Initial recognition of derivative
liabilities |
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,184,000) | | | | | | — | | | | | | (23,184,000) | | |
Shares subject to possible redemption
|
| | | | (29,182,196) | | | | | | (2,918) | | | | | | — | | | | | | — | | | | | | (291,819,037) | | | | | | — | | | | | | (291,821,955) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (71,271,892) | | | | | | (71,271,892) | | |
Balance – December 31, 2020
|
| | | | 12,217,804 | | | | | $ | 1,222 | | | | | | 15,350,000 | | | | | $ | 1,535 | | | | | $ | 76,269,141 | | | | | $ | (71,271,892) | | | | | $ | 5,000,006 | | |
| Cash Flows from Operating Activities: | | | | | | | |
|
Net loss
|
| | | $ | (71,271,892) | | |
| Adjustments to reconcile net loss to net cash used in operating activities: | | | | | | | |
|
General and administrative expenses paid by Sponsor pursuant to note payable
|
| | | | 8,868 | | |
|
Net gain from investments held in Trust Account
|
| | | | (49,527) | | |
|
Loss from change in fair value of derivative liabilities
|
| | | | 37,927,200 | | |
|
Loss from change in fair value of forward purchase agreement
|
| | | | 28,075,000 | | |
|
Financing cost – derivative liabilities
|
| | | | 1,430,085 | | |
| Changes in operating assets and liabilities: | | | | | | | |
|
Prepaid expenses
|
| | | | 137,685 | | |
|
Accrued expenses
|
| | | | 2,066,537 | | |
|
Accounts payable
|
| | | | 445,831 | | |
|
Net cash used in operating activities
|
| | | | (1,230,213) | | |
| Cash Flows from Investing Activities: | | | | | | | |
|
Cash deposited in Trust Account
|
| | | | (414,000,000) | | |
|
Net cash used in investing activities
|
| | | | (414,000,000) | | |
| Cash Flows from Financing Activities: | | | | | | | |
|
Repayment of note payable to related party
|
| | | | (125,206) | | |
|
Proceeds received from related party
|
| | | | 24,399 | | |
|
Proceeds received from initial public offering, gross
|
| | | | 414,000,000 | | |
|
Proceeds received from private placement
|
| | | | 10,280,000 | | |
|
Payment of offering costs
|
| | | | (8,493,662) | | |
|
Net cash provided by financing activities
|
| | | | 415,685,531 | | |
|
Net increase in cash and cash equivalents
|
| | | | 455,318 | | |
|
Cash and cash equivalents – beginning of the period
|
| | |
|
—
|
| |
|
Cash and cash equivalents – end of the period
|
| | |
$
|
455,318
|
| |
| Supplemental disclosure of noncash investing and financing activities: | | | | | | | |
|
Offering costs issued in exchange of Class B ordinary shares to Sponsor
|
| | | $ | 25,000 | | |
|
Offering costs included in accrued expenses
|
| | | $ | 81,145 | | |
|
Offering costs included in accounts payable
|
| | | $ | 375,000 | | |
|
Offering costs funded with note payable
|
| | | $ | 116,338 | | |
|
Prepaid expenses included in accounts payable
|
| | | $ | 440,000 | | |
|
Deferred underwriting commissions in connection with the initial public offering
|
| | | $ | 14,490,000 | | |
|
Deferred legal fees
|
| | | $ | 947,087 | | |
|
Initial value of ordinary shares subject to possible redemption
|
| | | $ | 352,141,880 | | |
|
Change in value of ordinary shares subject to possible redemption
|
| | | $ | (60,319,925) | | |
| | |
Asset
|
| |
Liabilities
|
| ||||||
Beginning of period
|
| | | $ | — | | | | | $ | — | | |
Acquisition date fair value of warrants:
|
| | | | | | | | |||||
Public warrants issued in the initial public offering
|
| | | | | | | | | | 23,184,000 | | |
Private placement warrants issued in connection with the initial public offering
|
| | | | | | | | | | 10,280,000 | | |
Forward Purchase Agreement asset/liability
|
| | | | 351,000 | | | | | | — | | |
Total acquisition date fair value of derivative liabilities
|
| | | | 351,000 | | | | | | 33,464,000 | | |
Change in fair value of warrant liabilities
|
| | | | | | | | | | 37,927,200 | | |
Change in fair value of forward purchase agreement
|
| | | | (351,000) | | | | | | 27,724,000 | | |
End of period
|
| | | $ | — | | | | | $ | 99,115,200 | | |
| | |
June 30,
2020 |
| |
September 30,
2020 |
| ||||||
Assets | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 1,643,079 | | | | | $ | 1,446,391 | | |
Prepaid expenses
|
| | | | 465,063 | | | | | | 366,791 | | |
Total current assets
|
| | | | 2,108,142 | | | | | | 1,813,182 | | |
Investments held in Trust Account
|
| | | | 414,028,653 | | | | | | 414,039,090 | | |
Total Assets
|
| | | $ | 416,136,795 | | | | | $ | 415,852,272 | | |
Liabilities and Shareholders’ Equity | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | |
Accrued expenses
|
| | | $ | 217,145 | | | | | $ | 1,141,145 | | |
Accounts payable
|
| | | | 872,438 | | | | | | 775,431 | | |
Due to related party
|
| | | | — | | | | | | 17,572 | | |
Total current liabilities
|
| | | | 1,089,583 | | | | | | 1,934,148 | | |
Deferred legal fees
|
| | | | 947,087 | | | | | | 947,087 | | |
Deferred underwriting commissions
|
| | | | 14,490,000 | | | | | | 14,490,000 | | |
Derivative liabilities
|
| | | | 51,265,800 | | | | | | 66,606,600 | | |
Total liabilities
|
| | | | 67,792,470 | | | | | | 83,977,835 | | |
Class A ordinary shares, subject to possible redemption
|
| | | | 343,344,320 | | | | | | 326,874,430 | | |
Shareholders’ Equity | | | | | | | | | | | | | |
Class A ordinary shares, not subject to possible redemption
|
| | | | 706 | | | | | | 871 | | |
Class B ordinary shares
|
| | | | 1,535 | | | | | | 1,535 | | |
Additional paid-in capital
|
| | | | 24,747,292 | | | | | | 41,217,017 | | |
Accumulated deficit
|
| | | | (19,749,528) | | | | | | (36,219,416) | | |
Total shareholders’ equity
|
| | | | 5,000,005 | | | | | | 5,000,007 | | |
Total Liabilities and Shareholders’ Equity
|
| | | $ | 416,136,795 | | | | | $ | 415,852,272 | | |
| |
Three Months
Ended June 30, 2020 |
| |
January 14, 2020
(Inception) through June 30, 2020 |
| |
Three Months
Ended September 30, 2020 |
| |
January 14, 2020
(Inception) through September 30, 2020 |
| |||||||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 172,519 | | | | | $ | 195,296 | | | | | $ | 1,139,525 | | | | | $ | 1,334,821 | | |
Loss from operations
|
| | | | (172,519) | | | | | | (195,296) | | | | | | (1,139,525) | | | | | | (1,334,821) | | |
Net gain from investments held in Trust
Account |
| | | | 28,653 | | | | | | 28,653 | | | | | | 10,437 | | | | | | 39,090 | | |
Loss from change in fair value of derivative
liabilities |
| | | | (18,152,800) | | | | | | (18,152,800) | | | | | | (15,340,800) | | | | | | (33,493,600) | | |
Financing cost-derivative liabilities
|
| | | | (1,430,085) | | | | | | (1,430,085) | | | | | | — | | | | | | (1,430,085) | | |
Net loss
|
| | | $ | (19,726,751) | | | | | $ | (19,749,528) | | | | | $ | (16,469,888) | | | | | $ | (36,219,416) | | |
Weighted average shares outstanding of Class A ordinary shares
|
| | | | 41,400,000 | | | | | | 41,400,000 | | | | | | 41,400,000 | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B ordinary shares
|
| | | | 15,350,000 | | | | | | 15,350,000 | | | | | | 15,350,000 | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (1.29) | | | | | $ | (1.29) | | | | | $ | (1.07) | | | | | $ | (2.36) | | |
| | |
Shares
|
| |
Amount
|
| |
Shares
|
| |
Amount
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Shareholders’ Equity |
| |||||||||||||||||||||
Balance – January 14, 2020 (Inception)
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of Class B ordinary shares to Sponsor
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | — | | | | | | 25,000 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (22,777) | | | | | | (22,777) | | |
Balance – March 31, 2020
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | (22,777) | | | | | | 2,223 | | |
Sale of units in initial public offering, gross
|
| | | | 41,400,000 | | | | | | 4,140 | | | | | | — | | | | | | — | | | | | | 413,995,860 | | | | | | — | | | | | | 414,000,000 | | |
Offering costs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,098,147) | | | | | | — | | | | | | (23,098,147) | | |
Initial recognition of forward purchase agreement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 351,000 | | | | | | — | | | | | | 351,000 | | |
Initial recognition of derivative liabilities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,184,000) | | | | | | — | | | | | | (23,184,000) | | |
Shares subject to possible redemption
|
| | | | (34,334,432) | | | | | | (3,434) | | | | | | — | | | | | | — | | | | | | (343,340,886) | | | | | | — | | | | | | (343,344,320) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (19,726,751) | | | | | | (19,726,751) | | |
Balance – June 30, 2020
|
| | | | 7,065,568 | | | | | | 706 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 27,747,292 | | | | | | (19,749,528) | | | | | | 5,000,005 | | |
Shares subject to possible redemption
|
| | | | 1,646,989 | | | | | | 165 | | | | | | — | | | | | | — | | | | | | 16,469,725 | | | | | | — | | | | | | 16,469,890 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (16,469,888) | | | | | | (16,469,888) | | |
Balance – September 30, 2020
|
| | | | 8,712,557 | | | | | | 871 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 41,217,017 | | | | | | (36,219,416) | | | | | | 5,000,007 | | |
Shares subject to possible redemption
|
| | | | 3,505,247 | | | | | | 351 | | | | | | — | | | | | | — | | | | | | 35,052,124 | | | | | | — | | | | | | 32,052,475 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (35,052,476) | | | | | | (35,052,476) | | |
Balance – December 31, 2020
|
| | | | 12,217,804 | | | | | $ | 1,222 | | | | | | 15,350,000 | | | | | $ | 1,535 | | | | | $ | 76,269,141 | | | | | $ | (71,271,892) | | | | | $ | 5,000,006 | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Assets | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 455,318 | | | | | $ | — | | | | | $ | 455,318 | | |
Prepaid expenses
|
| | | | 302,315 | | | | | | — | | | | | | 302,315 | | |
Total current assets
|
| | | | 757,633 | | | | | | — | | | | | | 757,633 | | |
Investments held in Trust Account
|
| | | | 414,049,527 | | | | | | — | | | | | | 414,049,527 | | |
Total Assets
|
| | | $ | 414,807,160 | | | | | $ | — | | | | | $ | 414,807,160 | | |
Liabilities and Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | |
Accrued expenses
|
| | | $ | 2,147,682 | | | | | $ | — | | | | | $ | 2,147,682 | | |
Accounts payable
|
| | | | 1,260,831 | | | | | | — | | | | | | 1,260,831 | | |
Due to related party
|
| | | | 24,399 | | | | | | — | | | | | | 24,399 | | |
Total current liabilities
|
| | | | 3,432,912 | | | | | | — | | | | | | 3,432,912 | | |
Deferred legal fees
|
| | | | 947,087 | | | | | | — | | | | | | 947,087 | | |
Deferred underwriting commissions
|
| | | | 14,490,000 | | | | | | — | | | | | | 14,490,000 | | |
Derivative liabilities
|
| | | | — | | | | | | 99,115,200 | | | | | | 99,115,200 | | |
Total liabilities
|
| | | | 18,869,999 | | | | | | 99,115,200 | | | | | | 117,985,199 | | |
Class A ordinary shares, subject to possible redemption
|
| | | | 390,937,160 | | | | | | (99,115,205) | | | | | | 291,821,955 | | |
Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Class A ordinary shares, not subject to possible redemption
|
| | | | 231 | | | | | | 991 | | | | | | 1,222 | | |
Class B ordinary shares
|
| | | | 1,535 | | | | | | — | | | | | | 1,535 | | |
Additional paid-in capital
|
| | | | 8,837,842 | | | | | | 67,431,299 | | | | | | 76,269,141 | | |
Accumulated deficit
|
| | | | (3,839,607) | | | | | | (67,432,285) | | | | | | (71,271,892) | | |
Total shareholders’ equity
|
| | | | 5,000,001 | | | | | | 5 | | | | | | 5,000,006 | | |
Total Liabilities and Shareholders’ Equity
|
| | | $ | 414,807,160 | | | | | $ | — | | | | | $ | 414,807,160 | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Assets | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 1,446,391 | | | | | $ | — | | | | | $ | 1,446,391 | | |
Prepaid expenses
|
| | | | 366,791 | | | | | | — | | | | | | 366,791 | | |
Total current assets
|
| | | | 1,813,182 | | | | | | — | | | | | | 1,813,182 | | |
Investments held in Trust Account
|
| | | | 414,039,090 | | | | | | — | | | | | | 414,039,090 | | |
Total Assets
|
| | | $ | 415,852,272 | | | | | $ | — | | | | | $ | 415,852,272 | | |
Liabilities and Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | |
Accrued expenses
|
| | | $ | 1,141,145 | | | | | $ | — | | | | | $ | 1,141,145 | | |
Accounts payable
|
| | | | 775,431 | | | | | | — | | | | | | 775,431 | | |
Due to related party
|
| | | | 17,572 | | | | | | — | | | | | | 17,572 | | |
Total current liabilities
|
| | | | 1,934,148 | | | | | | — | | | | | | 1,934,148 | | |
Deferred legal fees
|
| | | | 947,087 | | | | | | — | | | | | | 947,087 | | |
Deferred underwriting commissions
|
| | | | 14,490,000 | | | | | | — | | | | | | 14,490,000 | | |
Derivative liabilities
|
| | | | — | | | | | | 66,606,600 | | | | | | 66,606,600 | | |
Total liabilities
|
| | | | 17,371,235 | | | | | | 66,606,600 | | | | | | 83,977,835 | | |
Class A ordinary shares, subject to possible redemption
|
| | | | 393,481,030 | | | | | | (66,606,600) | | | | | | 326,874,430 | | |
Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Class A ordinary shares, not subject to possible redemption
|
| | | | 205 | | | | | | 666 | | | | | | 871 | | |
Class B ordinary shares
|
| | | | 1,535 | | | | | | — | | | | | | 1,535 | | |
Additional paid-in capital
|
| | | | 6,293,998 | | | | | | 34,923,019 | | | | | | 41,217,017 | | |
Accumulated deficit
|
| | | | (1,295,731) | | | | | | (34,923,685) | | | | | | (36,219,416) | | |
Total shareholders’ equity
|
| | | | 5,000,007 | | | | | | — | | | | | | 5,000,007 | | |
Total Liabilities and Shareholders’ Equity
|
| | | $ | 415,852,272 | | | | | $ | — | | | | | $ | 415,852,272 | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Assets | | | | | | | | | | | | | | | | | | | |
Current assets: | | | | | | | | | | | | | | | | | | | |
Cash and cash equivalents
|
| | | $ | 1,643,079 | | | | | $ | — | | | | | $ | 1,643,079 | | |
Prepaid expenses
|
| | | | 465,063 | | | | | | — | | | | | | 465,063 | | |
Total current assets
|
| | | | 2,108,142 | | | | | | — | | | | | | 2,108,142 | | |
Investments held in Trust Account
|
| | | | 414,028,653 | | | | | | — | | | | | | 414,028,653 | | |
Total Assets
|
| | | $ | 416,136,795 | | | | | $ | — | | | | | $ | 416,136,795 | | |
Liabilities and Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Current liabilities: | | | | | | | | | | | | | | | | | | | |
Accrued expenses
|
| | | $ | 217,145 | | | | | $ | — | | | | | $ | 217,145 | | |
Accounts payable
|
| | | | 872,438 | | | | | | — | | | | | | 872,438 | | |
Due to related party
|
| | | | — | | | | | | — | | | | | | — | | |
Total current liabilities
|
| | | | 1,089,583 | | | | | | — | | | | | | 1,089,583 | | |
Deferred legal fees
|
| | | | 947,087 | | | | | | — | | | | | | 947,087 | | |
Deferred underwriting commissions
|
| | | | 14,490,000 | | | | | | — | | | | | | 14,490,000 | | |
Derivative liabilities
|
| | | | — | | | | | | 51,265,800 | | | | | | 51,265,800 | | |
Total liabilities
|
| | | | 16,526,670 | | | | | | 51,265,800 | | | | | | 67,792,470 | | |
Class A ordinary shares, subject to possible redemption
|
| | | | 394,610,120 | | | | | | (51,265,800) | | | | | | 343,344,320 | | |
Shareholders’ Equity | | | | | | | | | | | | | | | | | | | |
Class A ordinary shares, not subject to possible redemption
|
| | | | 194 | | | | | | 512 | | | | | | 706 | | |
Class B ordinary shares
|
| | | | 1,535 | | | | | | — | | | | | | 1,535 | | |
Additional paid-in capital
|
| | | | 5,164,919 | | | | | | 19,582,373 | | | | | | 24,747,292 | | |
Accumulated deficit
|
| | | | (166,643) | | | | | | (19,582,885) | | | | | | (19,749,528) | | |
Total shareholders’ equity
|
| | | | 5,000,005 | | | | | | — | | | | | | 5,000,005 | | |
Total Liabilities and Shareholders’ Equity
|
| | | $ | 416,136,795 | | | | | $ | — | | | | | $ | 416,136,795 | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 3,889,134 | | | | | $ | — | | | | | $ | 3,889,134 | | |
Loss from operations
|
| | | | (3,889,134) | | | | | | — | | | | | | (3,889,134) | | |
Net gain from investments held in Trust Account
|
| | | | 49,527 | | | | | | — | | | | | | 49,527 | | |
Loss from change in fair value of derivative liabilities
|
| | | | — | | | | | | (66,002,200) | | | | | | (66,002,200) | | |
Financing cost – derivative liabilities
|
| | | | — | | | | | | (1,430,085) | | | | | | (1,430,085) | | |
Net loss
|
| | | $ | (3,839,607) | | | | | $ | (67,432,285) | | | | | $ | (71,271,892) | | |
Weighted average shares outstanding of Class A ordinary shares
|
| | | | 41,400,000 | | | | | | — | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B ordinary shares
|
| | | | 15,350,000 | | | | | | — | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (0.25) | | | | | $ | (4.39) | | | | | $ | (4.65) | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 1,139,525 | | | | | $ | — | | | | | $ | 1,139,525 | | |
Loss from operations
|
| | | | (1,139,525) | | | | | | — | | | | | | (1,139,525) | | |
Net gain from investments held in Trust Account
|
| | | | 10,437 | | | | | | — | | | | | | 10,437 | | |
Loss from change in fair value of derivative liabilities
|
| | | | — | | | | | | (15,340,800) | | | | | | (15,340,800) | | |
Net loss
|
| | | $ | (1,129,088) | | | | | $ | (15,340,800) | | | | | $ | (16,469,888) | | |
Weighted average shares outstanding of Class A
ordinary shares |
| | | | 41,400,000 | | | | | | — | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B
ordinary shares |
| | | | 15,350,000 | | | | | | — | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (0.07) | | | | | $ | (1.00) | | | | | $ | (1.07) | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 1,334,821 | | | | | $ | — | | | | | $ | 1,334,821 | | |
Loss from operations
|
| | | | (1,334,821) | | | | | | — | | | | | | (1,334,821) | | |
Net gain from investments held in Trust Account
|
| | | | 39,090 | | | | | | — | | | | | | 39,090 | | |
Loss from change in fair value of derivative liabilities
|
| | | | — | | | | | | (33,493,600) | | | | | | (33,493,600) | | |
Financing cost – derivative liabilities
|
| | | | — | | | | | | (1,430,085) | | | | | | (1,430,085) | | |
Net loss
|
| | | $ | (1,295,731) | | | | | $ | (34,923,685) | | | | | $ | (36,219,416) | | |
Weighted average shares outstanding of Class A
ordinary shares |
| | | | 41,400,000 | | | | | | — | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B
ordinary shares |
| | | | 15,350,000 | | | | | | — | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (0.09) | | | | | $ | (2.28) | | | | | $ | (2.36) | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 172,519 | | | | | $ | — | | | | | $ | 172,519 | | |
Loss from operations
|
| | | | (172,519) | | | | | | — | | | | | | (172,519) | | |
Net gain from investments held in Trust Account
|
| | | | 28,653 | | | | | | — | | | | | | 28,653 | | |
Loss from change in fair value of derivative liabilities
|
| | | | — | | | | | | (18,152,800) | | | | | | (18,152,800) | | |
Financing cost – derivative liabilities
|
| | | | — | | | | | | (1,430,085) | | | | | | (1,430,085) | | |
Net loss
|
| | | $ | (143,866) | | | | | $ | (19,582,885) | | | | | $ | (19,726,751) | | |
Weighted average shares outstanding of Class A
ordinary shares |
| | | | 41,400,000 | | | | | | — | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B
ordinary shares |
| | | | 15,350,000 | | | | | | — | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (0.01) | | | | | $ | (1.28) | | | | | $ | (1.29) | | |
| | |
As Previously
Reported |
| |
Restatement
Impacts |
| |
As Restated
|
| |||||||||
Operating expenses | | | | | | | | | | | | | | | | | | | |
General and administrative expenses
|
| | | $ | 195,296 | | | | | $ | — | | | | | $ | 195,296 | | |
Loss from operations
|
| | | | (195,296) | | | | | | — | | | | | | (195,296) | | |
Net gain from investments held in Trust Account
|
| | | | 28,653 | | | | | | — | | | | | | 28,653 | | |
Loss from change in fair value of derivative liabilities
|
| | | | — | | | | | | (18,152,800) | | | | | | (18,152,800) | | |
Financing cost – derivative liabilities
|
| | | | — | | | | | | (1,430,085) | | | | | | (1,430,085) | | |
Net loss
|
| | | $ | (166,643) | | | | | $ | (19,582,885) | | | | | $ | (19,749,528) | | |
Weighted average shares outstanding of Class A
ordinary shares |
| | | | 41,400,000 | | | | | | — | | | | | | 41,400,000 | | |
Basic and diluted net loss per share, Class A
|
| | | $ | 0.00 | | | | | $ | 0.00 | | | | | $ | 0.00 | | |
Weighted average shares outstanding of Class B
ordinary shares |
| | | | 15,350,000 | | | | | | — | | | | | | 15,350,000 | | |
Basic and diluted net loss per share, Class B
|
| | | $ | (0.01) | | | | | $ | (1.28) | | | | | $ | (1.29) | | |
| | |
Ordinary Shares
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Shareholders’ Equity |
| ||||||||||||||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| ||||||||||||||||||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance – January 14, 2020 (Inception)
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of Class B ordinary shares to Sponsor
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | — | | | | | | 25,000 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (22,777) | | | | | | (22,777) | | |
Balance – March 31, 2020
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | (22,777) | | | | | | 2,223 | | |
Sale of units in initial public offering, gross
|
| | | | 41,400,000 | | | | | | 4,140 | | | | | | — | | | | | | — | | | | | | 413,995,860 | | | | | | — | | | | | | 414,000,000 | | |
Offering costs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (24,528,232) | | | | | | — | | | | | | (24,528,232) | | |
Sale of private placement warrants to Sponsor
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 10,280,000 | | | | | | — | | | | | | 10,280,000 | | |
Shares subject to possible redemption
|
| | | | (39,461,012) | | | | | | (3,946) | | | | | | — | | | | | | — | | | | | | (394,606,174) | | | | | | — | | | | | | (394,610,120) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (143,866) | | | | | | (143,866) | | |
Balance – June 30, 2020
|
| | | | 1,938,988 | | | | | | 194 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 5,164,919 | | | | | | (166,643) | | | | | | 5,000,005 | | |
Shares subject to possible redemption
|
| | | | 112,909 | | | | | | 11 | | | | | | — | | | | | | — | | | | | | 1,129,079 | | | | | | — | | | | | | 1,129,090 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (1,129,088) | | | | | | (1,129,088) | | |
Balance – September 30, 2020
|
| | | | 2,051,897 | | | | | | 205 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 6,293,998 | | | | | | (1,295,731) | | | | | | 5,000,007 | | |
Shares subject to possible redemption
|
| | | | 254,387 | | | | | | 26 | | | | | | — | | | | | | — | | | | | | 2,543,844 | | | | | | — | | | | | | 2,543,870 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (2,543,876) | | | | | | (2,543,876) | | |
Balance – December 31, 2020
|
| | | | 2,306,284 | | | | | $ | 231 | | | | | | 15,350,000 | | | | | $ | 1,535 | | | | | $ | 8,837,842 | | | | | $ | (3,839,607) | | | | | $ | 5,000,001 | | |
| | |
Ordinary Shares
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Shareholders’ Equity |
| ||||||||||||||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| ||||||||||||||||||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance – January 14, 2020 (Inception)
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of Class B ordinary shares to Sponsor
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Balance – March 31, 2020
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Sale of units in initial public offering, gross
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Offering costs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 1,430,085 | | | | | | — | | | | | | 1,430,085 | | |
Sale of private placement warrants to Sponsor
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (10,280,000) | | | | | | — | | | | | | (10,280,000) | | |
Initial recognition of forward purchase agreement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 351,000 | | | | | | — | | | | | | 351,000 | | |
Initial recognition of derivative liabilities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,184,000) | | | | | | — | | | | | | (23,184,000) | | |
Shares subject to possible redemption
|
| | | | 5,126,580 | | | | | | 512 | | | | | | — | | | | | | — | | | | | | 51,265,288 | | | | | | — | | | | | | 51,265,800 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (19,582,885) | | | | | | (19,582,885) | | |
Balance – June 30, 2020
|
| | | | 5,126,580 | | | | | | 512 | | | | | | — | | | | | | — | | | | | | 19,582,373 | | | | | | (19,582,885) | | | | | | — | | |
Shares subject to possible redemption
|
| | | | 1,534,080 | | | | | | 154 | | | | | | — | | | | | | — | | | | | | 15,340,646 | | | | | | — | | | | | | (15,340,800) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (15,340,800) | | | | | | (15,340,800) | | |
Balance – September 30, 2020
|
| | | | 6,660,660 | | | | | | 666 | | | | | | — | | | | | | — | | | | | | 34,923,019 | | | | | | (34,923,685) | | | | | | — | | |
Shares subject to possible redemption
|
| | | | 3,250,860 | | | | | | 325 | | | | | | — | | | | | | — | | | | | | 32,508,280 | | | | | | — | | | | | | 32,508,605 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (32,508,600) | | | | | | (32,508,600) | | |
Balance – December 31, 2020
|
| | | | 9,911,520 | | | | | $ | 991 | | | | | | — | | | | | $ | — | | | | | $ | 67,431,299 | | | | | $ | (67,432,285) | | | | | $ | 5 | | |
| | |
Ordinary Shares
|
| |
Additional
Paid-in Capital |
| |
Accumulated
Deficit |
| |
Total
Shareholders’ Equity |
| ||||||||||||||||||||||||||||||
| | |
Class A
|
| |
Class B
|
| ||||||||||||||||||||||||||||||||||||
| | |
Shares
|
| |
Amount
|
| |
Shares
|
| |
Amount
|
| ||||||||||||||||||||||||||||||
Balance – January 14, 2020 (Inception)
|
| | | | — | | | | | $ | — | | | | | | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | | | | $ | — | | |
Issuance of Class B ordinary shares to Sponsor
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | — | | | | | | 25,000 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (22,777) | | | | | | (22,777) | | |
Balance – March 31, 2020
|
| | | | — | | | | | | — | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 23,465 | | | | | | (22,777) | | | | | | 2,223 | | |
Sale of units in initial public offering, gross
|
| | | | 41,400,000 | | | | | | 4,140 | | | | | | — | | | | | | — | | | | | | 413,995,860 | | | | | | — | | | | | | 414,000,000 | | |
Offering costs
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,098,147) | | | | | | — | | | | | | (23,098,147) | | |
Sale of private placement warrants to Sponsor
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Initial recognition of forward purchase agreement
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 351,000 | | | | | | — | | | | | | 351,000 | | |
Initial recognition of derivative liabilities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (23,184,000) | | | | | | — | | | | | | (23,184,000) | | |
Shares subject to possible redemption
|
| | | | (34,334,432) | | | | | | (3,434) | | | | | | — | | | | | | — | | | | | | (343,340,886) | | | | | | — | | | | | | (343,344,320) | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (19,726,751) | | | | | | (19,726,751) | | |
Balance – June 30, 2020
|
| | | | 7,065,568 | | | | | | 706 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 24,747,292 | | | | | | (19,749,528) | | | | | | 5,000,005 | | |
Shares subject to possible redemption
|
| | | | 1,646,989 | | | | | | 165 | | | | | | — | | | | | | — | | | | | | 16,469,725 | | | | | | — | | | | | | 16,469,890 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (16,469,888) | | | | | | (16,469,888) | | |
Balance – September 30, 2020
|
| | | | 8,712,557 | | | | | | 871 | | | | | | 15,350,000 | | | | | | 1,535 | | | | | | 41,217,017 | | | | | | (36,219,416) | | | | | | 5,000,007 | | |
Shares subject to possible redemption
|
| | | | 3,505,247 | | | | | | 351 | | | | | | — | | | | | | — | | | | | | 35,052,124 | | | | | | — | | | | | | 35,052,475 | | |
Net loss
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (35,052,476) | | | | | | (35,052,476) | | |
Balance – December 31, 2020
|
| | | | 12,217,804 | | | | | $ | 1,222 | | | | | | 15,350,000 | | | | | $ | 1,535 | | | | | $ | 76,269,141 | | | | | $ | (71,271,892) | | | | | $ | 5,000,006 | | |
1 Year CC Neuberger Principal H... Chart |
1 Month CC Neuberger Principal H... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions