General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended 5 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of basic and diluted net income (loss) per common share

 

 

 

 

 

 

 

 

 

    

Three Months 

 

 

Ended March 31, 

 

 

2021

Ordinary shares subject to possible redemption

 

 

  

Numerator: Earnings allocable to ordinary shares subject to possible redemption

 

 

  

Interest earned on marketable securities held in Trust Account

 

$

15,212

Unrealized loss on marketable securities held in Trust Account

 

 

(3,071)

Net Income allocable to shares subject to redemption

 

$

12,141

Denominator: Weighted Average Class A ordinary shares subject to possible redemption

 

 

  

Basic and diluted weighted average shares outstanding

 

 

17,950,991

Basic and diluted net income per share

 

$

0.00

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

  

Numerator: Net income minus Net Earnings

 

 

  

Net Income

 

$

6,258,699

Less: Net income allocable to Class A ordinary shares subject to possible redemption

 

 

(12,141)

Non-Redeemable Net Income

 

$

6,246,558

Denominator: Weighted Average Non-Redeemable Ordinary Shares

 

 

  

Basic and diluted weighted average shares outstanding

 

 

8,955,259

Basic and diluted net income per share

 

$

0.70

 

 

 

 

 

 

    

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

 

$

18,493

Unrealized gain on marketable securities held in Trust Account

 

 

2,967

Net Income allocable to shares subject to redemption

 

$

21,460

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

 

 

 

Basic and diluted weighted average shares outstanding

 

 

18,321,541

Basic and diluted net income per share

 

$

0.00

Non-Redeemable Common Stock

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

Net loss

 

$

(7,620,693)

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

 

 

(21,460)

Non-Redeemable Net Loss

 

$

(7,642,153)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

 

Basic and diluted weighted average shares outstanding

 

 

6,764,617

Basic and diluted net loss per share

 

$

(1.13)