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 Per Common Share

The following table reflects the calculation of basic and diluted net income per common share (in dollars, except share amounts):

   
Three Months Ended
June 30,
   
Six Months Ended
June 30,
 
   
2021
   
2021
 
Redeemable Class A Common Stock
           
Numerator: Earnings allocable to Redeemable Class A Common Stock
           
Interest Income
 
$
16,171
   
$
49,436
 
Less: Income Tax and Franchise Tax available to be withdrawn from the Trust Account
   
(16,171
)
   
(49,436
)
Redeemable Net Income
 
$
   
$
 
Denominator: Weighted Average Redeemable Class A Common Stock (1)
               
Redeemable Class A Common Stock, Basic and Diluted
   
45,000,000
     
45,000,000
 
Income/Basic and Diluted Redeemable Class A Common Stock
 
$
0.00
   
$
0.00
 
                 
Non-Redeemable Class B Common Stock
               
Numerator: Net Loss minus Redeemable Net Income
               
Net Loss
    (37,122,627 )     (32,490,521 )
Less: Redeemable Net Income
   
     
 
Non-Redeemable Net Loss
    (37,122,627 )     (32,490,521 )
Denominator: Weighted Average Non-Redeemable Class B Common Stock(1)
               
Non-Redeemable Class B Common Stock, Basic and Diluted
   
11,250,000
     
11,250,000
 
Loss/Basic and Diluted Non-Redeemable Class B Common Stock
 
$
(3.30
)
 
$
(2.89
)


(1) For the three and six months ended June 30, 2021, basic and diluted shares are the same as there are no non-redeemable securities that are dilutive to the Company’s stockholders.