v3.22.0.1

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 467,931	$ 55,968
Prepaid expenses	483,394
Total current assets	951,325	55,968
Investments held in Trust Account	230,022,926
Deferred offering costs associated with Initial Public Offering		171,193
Total Assets	230,974,251	227,161
Current liabilities:
Accounts payable	189,861	689
Accrued expenses	1,590,000	111,743
Franchise tax payable	149,091	1,768
Note payable - related party		91,418
Total current liabilities	1,928,952	205,618
Derivative warrant liabilities	8,534,670
Deferred underwriting commissions	8,050,000
Total Liabilities	18,513,622	205,618
Commitments and Contingencies
Class A common stock, $0.0001 par value; 23,000,000 and 0 shares subject to possible redemption at $10.00 per share as of September 30, 2021 and December 31, 2020, respectively	230,000,000
Stockholders’ Equity (Deficit):
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Class A common stock, $0.0001 par value; 380,000,000 shares authorized; non-redeemable shares issued or outstanding as of September 30, 2021 and December 31, 2020
Class B common stock, $0.0001 par value; 20,000,000 shares authorized; 5,750,000 shares issued and outstanding as of September 30, 2021 and December 31, 2020	575	575
Additional paid-in capital		24,425
Accumulated deficit	(17,539,946)	(3,457)
Total stockholders’ equity (deficit)	(17,539,371)	21,543
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Stockholders’ Equity (Deficit)	$ 230,974,251	$ 227,161

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Velocity Acquisition Corp. 10-Q/A