Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Basic and Diluted Net Loss Per Common Share
The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):


  
For the Period
From
July 30, 2020
(inception)
Through
December 31,
2020
 
Class A Common Stock
     
Numerator: Earnings allocable to Class A Common Stock
     
Interest Income
 
$
67,699
 
Income Tax and Franchise Tax
   
(67,699
)
Redeemable Net Earnings
 
$
 
Denominator: Weighted Average Class A Common Stock
       
Class A Common Stock, Basic and Diluted
   
44,529,412
 
Earnings/Basic and Diluted Class A Common Stock
 
$
0.00
 
         
Class B Common Stock
       
Numerator: Net Loss minus Net Earnings
       
Net Loss
 
$
(16,296,019
)
Net Earnings
   
 
Net Loss
 
$
(16,296,019
)
Denominator: Weighted Average Class B Common Stock
       
Class B Common Stock, Basic and Diluted
   
10,682,624
 
Loss/Basic and Diluted Class B Common Stock
 
$
(1.53
)