Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and Diluted Net Income (Loss) per Common Share
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

   
Three Months
Ended
March 31,
2021
 
Class A common stock subject to possible redemption
     
Numerator: Earnings allocable to Class A common stock subject to possible redemption
     
Interest earned on marketable securities held in Trust Account
 
$
10,562
 
Less: interest available to be withdrawn for payment of taxes
   
(10,562
)
Net income attributable
 
$
 
Denominator: Weighted Average Class A common stock subject to possible redemption
       
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption
   
23,179,757
 
Basic and diluted net income per share, Class A common stock subject to possible redemption
 
$
0.00
 
         
Non-Redeemable Common Stock
       
Numerator: Net Loss minus Net Earnings
       
Net loss
 
$
(312,767
)
Less: Net income allocable to Class A common stock subject to possible redemption
   
 
Non-Redeemable Net Loss
 
$
(312,767
)
Denominator: Weighted Average Non-redeemable Common stock
       
Basic and diluted weighted average shares outstanding, Non-redeemable Common stock
   
8,023,651
 
Basic and diluted net loss per share, Non-redeemable Common stock
 
$
(0.04
)