2. Restatement of Previously Issued Financial Statements

The consolidated financial statements for the year ended December 31, 2020 included in the Original 10-K, filed March 12, 2021, have been restated to reflect the fair value of our warrant derivative liability, which was initially recorded as a component of equity. The following table summarizes the effect of the restatement on each financial statement line item, as indicated:


	As previously reported		Adjustment		As restated
Balance Sheet as of December 31, 2020
Warrant derivative liability	$	—	$	55,720,000	$	55,720,000
Total liabilities		17,627,450		55,720,000		73,347,450
Class A common stock subject to possible redemption		478,574,408		(55,720,000)		422,854,408
Class A commmon stock		215		557		772
Additional paid-in capital		5,152,825		28,735,558		33,888,383
Accumulated deficit		(154,280)		(28,736,115)		(28,890,395)