Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended 4 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of basic and diluted net income (loss) per ordinary share

The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):

 

 

 

 

 

    

Three Months Ended

 

 

 March 31, 2021

Redeemable Class A Ordinary Shares

 

  

 

Numerator: Earnings allocable to Redeemable Class A Ordinary Shares

 

  

 

Interest earned on marketable securities held in Trust Account

 

$

4,700

Net Earnings

 

$

4,700

Denominator: Weighted Average Redeemable Class A Ordinary Shares

 

 

 

Redeemable Class A Ordinary Shares, Basic and Diluted

 

 

34,500,000

Earnings/Basic and Diluted Redeemable Class A Ordinary Shares

 

$

0.00

 

 

 

 

Non-Redeemable Class B Ordinary Shares

 

 

 

Numerator: Net Loss minus Redeemable Net Earnings

 

 

 

Net Income

 

$

16,083,886

Redeemable Net Earnings

 

 

(4,700)

Non-Redeemable Net Income

 

$

16,079,186

Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares

 

 

 

Non-Redeemable Class B Ordinary Shares, Basic and Diluted

 

 

8,625,000

Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares

 

$

1.86

 

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

 

 

 

 

 

 

 

For the Period from

 

 

September 11, 2020

 

 

(inception) Through

 

    

December 31, 2020

Redeemable Class A Ordinary Shares

 

 

 

Numerator: Earnings allocable to Redeemable Class A Ordinary Shares

 

 

 

Interest Income

 

$

 —

Net Earnings

 

$

 —

Denominator: Weighted Average Redeemable Class A Ordinary Shares

 

 

 

Redeemable Class A Ordinary Shares, Basic and Diluted

 

 

34,500,000

Earnings/Basic and Diluted Redeemable Class A Ordinary Shares

 

$

0.00

 

 

 

 

Non-Redeemable Class B Ordinary Shares

 

 

 

Numerator: Net Loss minus Redeemable Net Earnings

 

 

 

Net Loss

 

$

(1,767,451)

Non-Redeemable Net Loss

 

$

 —

Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares

 

 

 

Non-Redeemable Class B Ordinary Shares, Basic and Diluted

 

 

7,758,028

Loss/Basic and Diluted Non-Redeemable Class B Ordinary Shares

 

$

(0.23)