Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 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
June 30,
2021
   
Six Months
Ended
June 30,
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
 
$
9,213
   
$
19,775
 
Less: interest available for payment of taxes
   
(9,213
)
   
(19,775
)
Net Income attributable
 
$
   
$
 
Denominator: Weighted-Average Class A ordinary shares subject to possible redemption
               
Basic and diluted weighted-average shares outstanding, Class A common stock subject to possible redemption
   
23,201,141
     
23,192,559
 
Basic and diluted net income per share, Class A common stock subject to possible redemption
 
$
0.00
   
$
0.00
 
                 
Non-Redeemable Common Stock
               
Numerator: Net Loss minus Net Earnings
               
Net loss
 
$
(8,717,022
)
 
$
(9,029,789
)
Less: Net income allocable to Class A common stock subject to possible redemption
   
     
 
Non-Redeemable Net Loss
 
$
(8,717,022
)
 
$
(9,029,789
)
Denominator: Weighted-Average Non-redeemable common stock
               
Basic and diluted weighted-average shares outstanding, Non-Redeemable Common stock
   
9,142,609
     
8,586,221
 
Basic and diluted net loss per share, Non-Redeemable Common stock
 
$
(0.95
)
 
$
(1.05
)