Quarterly report pursuant to Section 13 or 15(d)

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

v3.21.2
Basis of Presentation and 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 Shares

The following table reflects the calculation of basic and diluted net income (loss) per common share:

 

 

 

For the Three

Months Ended

June 30, 2021

 

 

For the Six

Months Ended

June 30, 2021

 

Class A common stock subject to possible redemption

 

 

 

 

 

 

 

 

Numerator: Earnings allocable to Class A common stock subject to

   possible redemption

 

 

 

 

 

 

 

 

Income on investments held in Trust Account

 

$

8,941

 

 

$

91,516

 

Less: Company's portion available to be withdrawn to pay taxes

 

$

(8,941

)

 

$

(86,958

)

Net income attributable to Class A common stock subject to

   possible redemption

 

$

-

 

 

$

4,558

 

Denominator: Weighted average Class A common stock subject to

   possible redemption

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Class A

   common stock subject to possible redemption

 

 

34,010,855

 

 

 

33,753,824

 

Basic and diluted net income per share, Class A common stock subject to

   possible redemption

 

$

-

 

 

$

0.00

 

 

 

 

 

 

 

 

 

 

Non-redeemable common stock

 

 

 

 

 

 

 

 

Numerator: Net income minus net earnings

 

 

 

 

 

 

 

 

Net income

 

$

5,646,642

 

 

$

10,811,165

 

Net income allocable to Class A common stock subject to

   possible redemption

 

 

-

 

 

 

(4,558

)

Non-redeemable net income

 

$

5,646,642

 

 

$

10,806,607

 

Denominator: Weighted average non-redeemable Class A and Class B

   common stock

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, non-redeemable

   Class A and Class B common stock

 

 

16,301,645

 

 

 

16,558,676

 

Basic and diluted net income per share, non-redeemable Class A and Class B

   common stock

 

$

0.35

 

 

$

0.65