10-K/A Filing

HILLMAN SOLUTIONS CORP. CIK: 1822492 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001104659-21-060348`
Period End Date	20201231
Filing Date	20210503
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	lcyau-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 66 Cash Flow Statement 62 Stockholders Equity 31

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	42.28M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred stock authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$105.84K	USD	Point-in-time
Preferred stock authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.12M	USD	Point-in-time
Cash and marketable securities held in trust	`AssetsHeldInTrustNoncurrent`	$500.08M	USD	Point-in-time
Cash and marketable securities held in trust	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Preferred stock outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Total assets	`Assets`	$501.20M	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	401.00M	shares	Point-in-time
Total assets	`Assets`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$127.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$127.45K	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCompensationNoncurrent`	-	USD	Point-in-time
Deferred underwriting commissions	`DeferredUnderwritingCompensationNoncurrent`	$17.50M	USD	Point-in-time
Warrant derivative liability	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$28.03M	USD	Point-in-time
Warrant derivative liability	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	$55.72M	USD	Point-in-time
Warrant derivative liability	`SharesSubjectToMandatoryRedemptionSettlementTermsFairValueOfShares`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$47.12M	USD	Point-in-time
Total liabilities	`Liabilities`	$73.35M	USD	Point-in-time
Total liabilities	`Liabilities`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 42,278,793 shares at redemption value of $10.00	`TemporaryEquityCarryingAmountAttributableToParent`	$449.84M	USD	Point-in-time
Class A common stock subject to possible redemption, 42,278,793 shares at redemption value of $10.00	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 42,278,793 shares at redemption value of $10.00	`TemporaryEquityCarryingAmountAttributableToParent`	$422.85M	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 1,000,000 authorized, no shares issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$306.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.05M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$33.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-28.89M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.05M	USD	Point-in-time
Subscription notes receivable, affiliates	`StockholdersEquityNoteSubscriptionsReceivable`	$1.00K	USD	Point-in-time
Subscription notes receivable, affiliates	`StockholdersEquityNoteSubscriptionsReceivable`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholder's equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	$501.20M	USD	Point-in-time
Total liabilities and stockholder's equity	`LiabilitiesAndStockholdersEquity`	-	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.28M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	-	USD	Point-in-time
Loss from operations	`OperatingIncomeLoss`	$-1.28M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	-	USD	Annual
Loss from operations	`OperatingIncomeLoss`	-	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	-	USD	Annual
Interest income	`InvestmentIncomeInterest`	$78.62K	USD	Annual
Interest income	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	$27.69M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-27.61M	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-28.89M	USD	Annual
Loss before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	3 Qtrs
Tax benefit (provision)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Tax benefit (provision)	`IncomeTaxExpenseBenefit`	-	USD	Annual
Tax benefit (provision)	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-28.89M	USD	Annual
Net Loss	`NetIncomeLoss`	-	USD	Point-in-time
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	-	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-28.89M	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	Point-in-time
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	$-2.99	USD	Annual
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	$-1.63	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share available to common shares	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.04M	shares	Annual
Basic and diluted weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	9.65M	shares	Annual
Basic and diluted weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.04M	shares	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-28.89M	USD	Annual
Net loss	`NetIncomeLoss`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-28.89M	USD	1 Quarter
Trust account interest income	`InterestIncomeFromTrustAccount`	-	USD	Annual
Trust account interest income	`InterestIncomeFromTrustAccount`	$78.62K	USD	Annual
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	-	USD	3 Qtrs
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Change in fair value of warrant derivative liability	`FairValueAdjustmentOfWarrants`	$27.69M	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$105.84K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$127.45K	USD	Annual
Increase (decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.26M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	Annual
Cash deposited in trust account	`InvestmentOfCashIntoTrustAccount`	-	USD	Annual
Cash deposited in trust account	`InvestmentOfCashIntoTrustAccount`	$500.00M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00M	USD	Annual
Proceeds from public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from public offering	`ProceedsFromIssuanceInitialPublicOffering`	$500.00M	USD	Annual
Proceeds from sale of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Proceeds from sale of private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$12.00M	USD	Annual
Payment for underwriting discounts	`PaymentForUnderwritingDiscounts`	$8.95M	USD	Annual
Payment for underwriting discounts	`PaymentForUnderwritingDiscounts`	-	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$606.62K	USD	Annual
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Payment of notes payable, affiliates	`RepaymentsOfRelatedPartyDebt`	$166.75K	USD	Annual
Payment of notes payable, affiliates	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from stock subscriptions receivable, affiliates	`ProceedsFromSubscriptionsInStockFromAffiliates`	-	USD	Annual
Proceeds from stock subscriptions receivable, affiliates	`ProceedsFromSubscriptionsInStockFromAffiliates`	$2.07K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$502.27M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.02M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	Annual
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.02M	USD	Point-in-time
Change in value of common shares subject to possible conversion	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	$-26.99M	USD	Annual
Change in value of common shares subject to possible conversion	`ChangeInValueOfCommonStockSubjectToPossibleRedemption`	-	USD	Annual
Initial classification of common shares subject to possible conversion	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	-	USD	Annual
Initial classification of common shares subject to possible conversion	`InitialClassificationOfCommonStockSubjectToPossibleRedemption`	$449.84M	USD	Annual
Deferred underwriting commissions	`DeferredUnderwritingCommissionsInConnectionWithInitialPublicOffering`	-	USD	Annual
Deferred underwriting commissions	`DeferredUnderwritingCommissionsInConnectionWithInitialPublicOffering`	$17.50M	USD	Annual
Initial warrant derivative liability	`InitialClassificationOfWarrantLiability`	$28.03M	USD	Annual
Initial warrant derivative liability	`InitialClassificationOfWarrantLiability`	-	USD	Annual
Offering costs included in Notes payable, affiliates	`OfferingCostsIncludedInNotesPayableIncurredAsPartOfNoncashOrPartialNoncashTransaction`	$166.75K	USD	Annual
Offering costs included in Notes payable, affiliates	`OfferingCostsIncludedInNotesPayableIncurredAsPartOfNoncashOrPartialNoncashTransaction`	-	USD	Annual

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Class B shares issued	`StockIssuedDuringPeriodValueNewIssues`	-	USD	3 Qtrs
Class B shares issued	`StockIssuedDuringPeriodValueNewIssues`	-	USD	Annual
Excess cash received over fair value of sponsor warrants	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$2.80M	USD	Annual
Class A shares issued, less fair value of public warrants	`UnitsIssuedDuringPeriodValueNewIssues`	$481.17M	USD	Annual
Underwriters commissions and offering costs for public shares	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$27.23M	USD	Annual
Class A shares subject to redemption	`CommonStockSubjectToPossibleRedemptionValue`	$422.85M	USD	Annual
Shares forfeited	`CommonStockValueForfeitedDuringPeriod`	-	USD	Annual
Payment of affiliate note receivable	`PaymentOfAffiliateNoteReceivable`	$2.07K	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-28.89M	USD	Annual
Net income (loss)	`NetIncomeLoss`	-	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-28.89M	USD	1 Quarter
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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