| 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:
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For the Three
Months Ended
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For the Nine
Months Ended
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September 30, 2021
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September 30, 2021
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Common stock subject to possible redemption
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Numerator: Earnings allocable to common stock subject to redemption
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Interest earned on marketable securities held in Trust Account, net of taxes
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$
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6,346
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$
|
14,144
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Net income attributable to common stock subject to possible redemption
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$
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6,346
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|
$
|
14,144
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Denominator: Weighted-average common shares subject to redemption
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Basic and diluted weighted-average shares outstanding, common stock subject to possible redemption
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35,880,000
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30,491,429
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Basic and diluted net income per share, common stock subject to possible redemption
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$
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0.00
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$
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0.00
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Non-Redeemable common stock
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Numerator: Net loss minus net earnings - Basic and diluted
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Net loss
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$
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(1,924,883
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)
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$
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(4,280,092
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)
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Less: net income attributable to common stock subject to redemption
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(6,346
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)
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(14,144
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)
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Net loss attributable to non-redeemable common stock
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$
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(1,931,229
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)
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$
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(4,294,236
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)
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Denominator: Weighted-average non-redeemable common shares
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Weighted-average non-redeemable common shares outstanding, basic and diluted
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10,051,600
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9,886,459
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Net loss per share, non-redeemable common stock, basic and diluted
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$
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(0.19
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)
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$
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(0.43
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)
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