Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Common Share

Class A and B Common shares not subject to redemption includes Founder Shares and non-redeemable shares of common stock as these shares do not have any redemption features. Non-redeemable common stock participates in the income or loss on marketable securities based on non-redeemable shares’ proportionate interest.

 

 

For the Period From

January 1, 2021

through

March 31, 2021

 

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

$

10,762

 

Less: interest available to be withdrawn for payment of taxes

 

(10,762

)

Net income

$

-

 

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

 

 

 

Basic and diluted weighted average shares outstanding

 

19,416,841

 

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

$

(6,170,865

)

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

 

-

 

Non-Redeemable Net Loss

$

(6,170,865

)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

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

 

9,333,159

 

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

$

(0.66

)