As
Previously
Reported

Adjustments

As
Restated

Balance sheet as of June 30, 2021

Ordinary shares subject to possible redemption

50,547,744

6,952,256

57,500,000

Ordinary shares

5,857,662

(3,102,662

)

2,755,000

Accumulated deficit

$

(853,991

)

$

(3,849,594

)

$

(4,703,585

)

Total shareholders’ equity (deficit)

$

5,000,005

$

(6,952,256

)

$

(1,952,251

)

Statement of operations for the year ended June 30, 2021

Basic and diluted weighted average shares outstanding, subject to possible redemption

1,638,590

204,989

1,843,579

Basic and diluted net loss per share

$

0.00

$

0.87

$

0.87

Basic and diluted weighted average shares outstanding, non-redeemable ordinary shares

1,771,207

(215,917

)

1,555,290

Basic and diluted net loss per share

$

(0.46

)

$

(1.10

)

$

(1.56

)

Statement of cash flows for the year ended June 30, 2021

Initial classification of shares subject to redemption

$

51,086,880

$

5,731,301

$

56,818,181

Reclassification of shares subject to redemption

$

539,136

$

(539,136

)

$

-

Allocation of offering costs to ordinary shares subject to redemption

$

-

$

3,804,045

$

3,804,045

Accretion of carrying value to redemption value

$

-

$

(4,485,864

)

$

(4,485,864

)

Statement of changes in shareholders’ deficit for the year ended June 30, 2021

Initial classification of ordinary shares subject to possible redemption – ordinary shares amount

$

(51,086,880

)

$

(5,731,301

)

$

(56,818,181

)

Initial classification of ordinary shares subject to possible redemption – total shareholders’ (deficit) equity

$

(51,086,880

)

$

(5,731,301

)

$

(56,818,181

)

Change in fair value of ordinary shares subject to possible redemption – ordinary shares amount

$

539,136

$

539,136

$

-

Change in fair value of ordinary shares subject to possible redemption – total shareholders’ (deficit) equity

$

539,136

$

539,136

$

-

Allocation of offering costs to ordinary shares subject to redemption

$

-

$

3,804,045

$

3,804,045

Allocation of offering costs to ordinary shares subject to redemption – total shareholders’ (deficit) equity

$

-

$

3,804,045

$

3,804,045

Accretion of carrying value to redemption value

$

-

$

(4,485,864

)

$

(4,485,864

)

Accretion of carrying value to redemption value – total shareholders’ (deficit) equity

$

-

$

(4,485,864

)

$

(4,485,864

)