| Schedule of basic and diluted loss per common share |
The following table reflects the calculation of basic and diluted net income (loss) per share (in dollars, except per share amounts):
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Three Months Ended
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Three Months Ended
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March 31,
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March 31,
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2021
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2020
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Class A common stock subject to possible redemption
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Numerator: Earnings allocable to Class A common stock subject to possible redemption
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Interest income
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$
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50,107
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$
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1,956,529
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Unrealized gain (loss) on investments held in Trust Account
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1,118
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(18,188)
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Less: Company's portion available to be withdrawn to pay taxes
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(43,998)
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(395,474)
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Less: Company's portion available to be withdrawn for working capital purposes
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(7,227)
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(217,385)
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Net income allocable to Class A common stock subject to possible redemption
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$
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—
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$
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1,325,482
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Denominator: Weighted Average Class A common stock subject to possible redemption
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Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
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53,712,502
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61,025,925
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Basic and diluted net income per share, Class A common stock subject to possible redemption
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$
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0.00
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$
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0.02
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Non-Redeemable Common Stock
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Numerator: Net Income (Loss) minus Net Earnings
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Net income (loss)
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$
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41,740,801
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$
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(8,823,514)
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Less: Income allocable to Class A common stock subject to possible redemption
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—
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(1,325,482)
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Non-Redeemable Net Income (Loss)
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$
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41,740,801
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$
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(10,148,996)
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Denominator: Weighted Average Non-redeemable Common stock
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Basic and diluted weighted average shares outstanding, Non-redeemable Common stock
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32,537,498
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25,224,075
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Basic and diluted net income (loss) per share, Non-redeemable Common stock
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$
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1.28
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$
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(0.40)
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For the Period
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from
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April 11,
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2019
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(Inception)
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Year Ended
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Through
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December 31,
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December 31,
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2020
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2019
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Class A Common Stock Subject to Possible Redemption
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Numerator: Earnings allocable to Class A common stock subject to possible redemption
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Interest income
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$
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1,959,040
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$
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6,410,370
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Unrealized gain on investments held in Trust Account
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993
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44,401
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Less: Company’s portion available to be withdrawn to pay taxes
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(534,953)
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(1,344,722)
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Less: Company’s portion available to be withdrawn for working capital purposes
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(194,600)
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(241,375)
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Net income allocable to Class A common stock subject to possible redemption
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$
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1,230,480
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$
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4,868,674
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Denominator: Weighted average Class A common stock subject to possible redemption
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Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
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58,723,869
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61,961,631
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Basic and diluted net income per share, Class A common stock subject to possible redemption
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$
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0.02
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$
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0.08
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Non-Redeemable Common Stock
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Numerator: Net loss minus net earnings
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Net loss
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$
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(72,459,185)
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$
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(14,682,592)
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Less: Income attributable to Class A common stock subject to possible redemption
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(1,230,480)
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(4,868,674)
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Non-redeemable net loss
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$
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(73,689,665)
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$
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(19,551,226)
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Denominator: Weighted Average Non-redeemable common stock
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Basic and diluted weighted average shares outstanding, Non-redeemable Common stock
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27,526,131
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21,438,529
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Basic and diluted net loss per common share, Non-redeemable common stock
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$
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(2.68)
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$
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(0.91)
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