Annual report pursuant to Section 13 and 15(d)

Class A Common Stock Subject to Possible Redemption

v3.21.4
Class A Common Stock Subject to Possible Redemption
4 Months Ended
Dec. 31, 2020
Class A Common Stock Subject To Possible Redemption [Abstract]  
Class A Common Stock Subject to Possible Redemption

Note 7 — Class A Common Stock Subject to Possible Redemption


The Company’s Class A common stock features certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of future events. As of December 31, 2020, there were 23,727,500 shares of Class A common stock outstanding, of which 23,725,000 were subject to possible redemption and are classified outside of permanent equity in the balance sheet.


The Class A common stock issued in the Initial Public Offering and issued as part of the Over-Allotment Units were recognized in Class A common stock subject to possible redemption as follows:


Gross proceeds from initial public offering   $ 237,250,000  
Less:        
Fair value of Public Warrants at issuance     (14,435,020 )
Offering costs allocated to Class A common stock subject to possible redemption     (11,829,130 )
Plus:        
Accretion on Class A common stock subject to possible redemption amount     26,264,150  
Class A common stock subject to possible redemption   $ 237,250,000