Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted net income (loss) per common share

 

 

 

 

 

    

For the

 

 

Period

 

 

from

 

 

August 14, 2020

 

 

(Inception)

 

 

through

 

 

December 31, 

 

 

2020

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

 

$

21,061

Unrealized gain on marketable securities held in Trust Account

 

 

3,379

Net Income allocable to shares subject to redemption

 

$

24,440

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

 

 

 

Basic and diluted weighted average shares outstanding

 

 

20,172,634

Basic and diluted net income per share

 

$

0.00

Non-Redeemable Common Stock

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

Net loss

 

$

(238,958)

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

 

 

24,440

Non-Redeemable Net Loss

 

$

(263,398)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

Basic and diluted weighted average shares outstanding

 

 

5,744,947

Basic and diluted net loss per share

 

$

(0.05)