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
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted loss per share

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

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

March 31,

 

March 31,

 

    

2021

    

2020

Class A common stock subject to possible redemption

 

 

 

 

 

 

Numerator: Earnings allocable to Class A common stock subject to possible redemption

 

 

 

 

 

 

Interest income

 

$

50,107

 

$

1,956,529

Unrealized gain (loss) on investments held in Trust Account

 

 

1,118

 

 

(18,188)

Less: Company's portion available to be withdrawn to pay taxes

 

 

(43,998)

 

 

(395,474)

Less: Company's portion available to be withdrawn for working capital purposes

 

 

(7,227)

 

 

(217,385)

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

 

$

 —

 

$

1,325,482

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

 

 

53,712,502

 

 

61,025,925

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

 

$

0.00

 

$

0.02

 

 

 

 

 

 

 

Non-Redeemable Common Stock

 

 

 

 

 

 

Numerator: Net Income (Loss) minus Net Earnings

 

 

 

 

 

 

Net income (loss)

 

$

41,740,801

 

$

(8,823,514)

Less: Income allocable to Class A common stock subject to possible redemption

 

 

 

 

(1,325,482)

Non-Redeemable Net Income (Loss)

 

$

41,740,801

 

$

(10,148,996)

 

 

 

 

 

 

 

Denominator: Weighted Average Non-redeemable Common stock

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding, Non-redeemable Common stock

 

 

32,537,498

 

 

25,224,075

Basic and diluted net income (loss) per share, Non-redeemable Common stock

 

$

1.28

 

$

(0.40)