Annual report pursuant to Section 13 and 15(d)

Initial Public Offering

v3.21.1
Initial Public Offering
6 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Initial Public Offering
NOTE 3 – Initial Public Offering
Public CAPS
On September 18, 2020, the Company consummated its Initial Public Offering of
 41,400,000 CAPS, which included 5,400,000 CAPS issued as a result of the underwriters’ exercise in full of their over-allotment option, at $10.00 per CAPS, generating gross proceeds of $414.0 million, and incurring offering costs of approximately $4.8 
million.
Each CAPS consists of one share of Class A
common stock and one-quarter of one redeemable
warrant (each, a “Public Warrant”). Each whole Public Warrant may be exercised to purchase one share of Class A common stock for
$11.50 per share, subject to adjustment (see Note 6).
Underwriting Agreement
The Company granted
the underwriters a 45-day option to purchase
up
to 5,400,000 additional CAPS to cover any over-allotment, at the Initial Public Offering price less the underwriting discounts and commissions. The underwriters exercised the over-allotment option in full on September 
18, 2020.
The underwriters were entitled to an underwriting discount of
$0.01 per CAPS, or approximately $4.1 million in the aggregate, paid upon the closing of the Initial Public Offering.