Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 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.

 

 

 

Three

Months

Ended

June 30, 

 

 

For the

Period From

May 29, 2020

(inception)

through

June 30,

 

 

Six Months

Ended

June 30,

 

 

For the Period From

May 29, 2020

(inception)

through

June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

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

 

$

8,347

 

 

$

 

 

$

19,109

 

 

$

 

Less: interest available to be withdrawn for payment of taxes

 

 

(8,347

)

 

 

 

 

 

(19,109

)

 

 

 

 

Net income

 

$

 

 

$

 

 

$

 

 

$

 

Denominator: Weighted Average Class A Common stock subject to

   possible redemption

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

18,799,755

 

 

 

 

 

 

19,106,593

 

 

 

 

Basic and diluted net income per share

 

$

0.00

 

 

$

0.00

 

 

$

0.00

 

 

$

0.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A and B Common shares not subject to redemption

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(3,672,053

)

 

$

(1,000

 

$

(9,842,918

)

 

$

(1,000

Net income allocable to Class A Common Stock subject to possible

   redemption

 

 

 

 

 

 

 

 

 

 

 

 

Non-Redeemable Net Loss

 

$

(3,672,053

 

$

(1,000

 

$

(9,842,918

 

$

(1,000

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Class A and

   B Common shares not subject to redemption

 

 

9,950,245

 

 

 

5,000,000

 

 

 

9,643,407

 

 

 

5,000,000

 

Basic and diluted net loss per share, Class A and B Common

   shares not subject to redemption

 

$

(0.37

)

 

$

(0.00

)

 

$

(1.02

)

 

$

(0.00

)