Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
7 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Common Share

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

 

 

 

For the Period

from

May 29, 2020

(Inception)

Through

December 31,

2020

 

Class A Common stock subject to possible redemption

 

 

 

 

Numerator: Earnings allocable to Common stock subject to possible redemption

 

 

 

 

Interest earned on marketable securities held in Trust Account

 

$

7,324

 

Less: interest available to be withdrawn for payment of taxes

 

 

(7,324

)

Net income

 

$

 

Denominator: Weighted Average Class A Common stock subject to possible redemption

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

21,853,809

 

Basic and diluted net income per share

 

$

0.00

 

Class A and B Common shares not subject to redemption

 

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

 

Net loss

 

$

(1,033,642

)

Net income allocable to Class A Common stock subject to possible redemption

 

 

 

Non-Redeemable Net Loss

 

$

(1,033,642

)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

 

Basic and diluted weighted average shares outstanding, Class A and B Common shares not

   subject to redemption

 

 

6,029,089

 

Basic and diluted net loss per share, Class A and B Common shares not subject to redemption

 

$

(0.17

)