Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Table)

v3.21.2
Summary of Significant Accounting Policies (Table)
9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Net Loss per Common Share, Basic and Diluted

In accordance with the two-class method, the Company’s net loss is adjusted for net income that is attributable to common stock subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, net loss per common share, basic and diluted, is calculated as follows:

 

 

 

For the Three

Months Ended

 

 

For the Nine

Months Ended

 

 

 

September 30, 2021

 

 

September 30, 2021

 

Common stock subject to possible redemption

 

 

 

 

 

 

 

 

Numerator: Earnings allocable to common stock subject to redemption

 

 

 

 

 

 

 

 

Interest earned on marketable securities held in Trust Account, net of taxes

 

$

6,346

 

 

$

14,144

 

Net income attributable to common stock subject to possible redemption

 

$

6,346

 

 

$

14,144

 

Denominator: Weighted-average common shares subject to redemption

 

 

 

 

 

 

 

 

Basic and diluted weighted-average shares outstanding, common stock subject to possible redemption

 

 

35,880,000

 

 

 

30,491,429

 

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

 

$

0.00

 

 

$

0.00

 

 

 

 

 

 

 

 

 

 

Non-Redeemable common stock

 

 

 

 

 

 

 

 

Numerator: Net loss minus net earnings - Basic and diluted

 

 

 

 

 

 

 

 

Net loss

 

$

(1,924,883

)

 

$

(4,280,092

)

Less: net income attributable to common stock subject to redemption

 

 

(6,346

)

 

 

(14,144

)

Net loss attributable to non-redeemable common stock

 

$

(1,931,229

)

 

$

(4,294,236

)

Denominator: Weighted-average non-redeemable common shares

 

 

 

 

 

 

 

 

Weighted-average non-redeemable common shares outstanding, basic and diluted

 

 

10,051,600

 

 

 

9,886,459

 

Net loss per share, non-redeemable common stock, basic and diluted

 

$

(0.19

)

 

$

(0.43

)