Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
4 Months Ended 6 Months Ended
Dec. 31, 2020
Jun. 30, 2021
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 (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)

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

Three Months Ended

 

Six Months Ended

    

June 30, 2021

    

June 30, 2021

Redeemable Class A Common Stock

  

 

Numerator: Earnings allocable to Redeemable Class A Ordinary Shares

  

 

Interest Income

$

5,210

$

9,910

Less: Income and Franchise Tax available to be withdrawn from the Trust Account

Redeemable Net Earnings

$

5,210

$

9,910

Denominator: Weighted Average Redeemable Class A Ordinary Shares

 

Redeemable Class A Ordinary Shares, Basic and Diluted

 

34,500,000

34,500,000

Earnings/Basic and Diluted Redeemable Class A Ordinary Shares

$

0.00

$

0.00

Non-Redeemable Class B Ordinary Shares

 

Numerator: Net (Loss) Income minus Redeemable Net Earnings

 

Net (Loss) Income

$

(2,660,294)

$

13,423,592

Redeemable Net Earnings

(5,210)

(9,910)

Non-Redeemable Net (Loss) Income

$

(2,665,504)

$

13,413,682

Denominator: Weighted Average Non-Redeemable Class B Ordinary Shares

 

Non-Redeemable Class B Ordinary Shares, Basic and Diluted (1)

 

8,625,000

8,625,000

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

$

(0.30)

$

1.56