S-4 Filing

SOFI TECHNOLOGIES, INC. CIK: 1818874

Filing Information

Form Type	S-4
Accession Number	`0001104659-21-002757`
Period End Date	20200930
Filing Date	20210111
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	ipoe-20201014.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 28 Income Statement 4 Cash Flow Statement 22 Stockholders Equity 12

Balance Sheet 28 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$26.80K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.71M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash held in Trust Account	`AssetsHeldInTrustNoncurrent`	$805.00M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$466.18K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued offering costs	`AccruedOfferingCostsCurrent`	$41.18K	USD	Point-in-time
Advances from related party	`AdvancesFromRelatedParty`	$5.00K	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$400.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$446.18K	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayableNoncurrent`	$28.18M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$28.35M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption, 77,336,093 shares at redemption value	`TemporaryEquityCarryingAmountAttributableToParent`	$773.36M	USD	Point-in-time
Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$22.99K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-5.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$20.00K	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	-	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$466.18K	USD	Point-in-time

Income Statement 4 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`FormationAndOperatingCosts`	$5.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Weighted average shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.50M	shares	1 Quarter
Basic and diluted net loss per ordinary share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 22 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$26.80K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-31.80K	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireInvestmentsToBeHeldInTrustAccount`	$805.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-805.00M	USD	1 Quarter
Proceeds from issuance of Class B ordinary shares to Sponsor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromSaleOfUnitsNetOfUnderwritingDiscountsPaid`	$791.00M	USD	1 Quarter
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$16.00M	USD	1 Quarter
Advance from related party	`ProceedsFromContributionsFromAffiliates`	$5.00K	USD	1 Quarter
Proceeds from promissory note - related party	`ProceedsFromRelatedPartyDebt`	$400.00K	USD	1 Quarter
Repayment of promissory note - related party	`RepaymentsOfNotesPayable`	$400.00K	USD	1 Quarter
Payment of offering costs	`PaymentOfFinancingAndStockIssuanceCosts`	$316.20K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$806.71M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.68M	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$144.58K	USD	Point-in-time
Initial classification of ordinary shares subject to possible redemption	`InitialClassificationOfOrdinarySharesSubjectToPossibleRedemption`	$773.36M	USD	1 Quarter
Deferred underwriting fee	`UnderwritingFeeDeferred`	$28.18M	USD	1 Quarter
Offering costs included in accrued offering costs	`OfferingCostsIncludedInAccruedOfferingCosts`	$167.86K	USD	1 Quarter
Deferred offering costs included in accrued offering costs	`DeferredOfferingCostsIncludedInAccruedOfferingCosts`	$41.18K	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Sale of 80,500,000 Units, net of underwriting discount and offering expenses (in shares)	`UnitsIssuedDuringPeriodSharesNewIssues`	80.50M	shares	1 Quarter
Sale of 8,000,000 Private Placement Warrants (in shares)	`ClassOfWarrantOrRightNumbersIssued`	8.00M	shares	1 Quarter
Balance	`StockholdersEquity`	$20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Issuance of Class B ordinary shares to Sponsor(1)	`StockIssuedDuringPeriodValueNewIssues`	$25.00K	USD	1 Quarter
Sale of 80,500,000 Units, net of underwriting discount and offering expenses	`UnitsIssuedDuringPeriodValueNewIssues`	$762.34M	USD	1 Quarter
Sale of 80,500,000 Units, net of underwriting discount and offering expenses (in shares)	`UnitsIssuedDuringPeriodSharesNewIssues`	80.50M	shares	1 Quarter
Sale of 8,000,000 Private Placement Warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$16.00M	USD	1 Quarter
Ordinary shares subject to possible redemption	`ReclassificationToTemporaryEquityValue`	$773.36M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$20.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.