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 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