Registration of securities issued in business combination transactions

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of basic and diluted net loss per common share

For the 

For the 

six months 

three months 

ended  

ended

June 30, 

June 30, 

    

2021

    

2021

Common stock subject to possible redemption

 

  

 

  

Numerator: Net income allocable to Class A common stock subject to possible redemption

 

  

 

  

Accretion of interest income on marketable securities held in trust

$

33,929

$

25,475

Less: interest available to be withdrawn for payment of taxes

 

(33,929)

 

(25,475)

Net income allocable to Class A common stock subject to possible redemption

$

$

Denominator: Weighted Average Redeemable Class A common stock

 

  

 

  

Redeemable Class A Common Stock, Basic and Diluted

 

34,500,000

 

34,500,000

Redeemable Class A Common Stock, basic and diluted weighted average shares outstanding

$

0.00

$

0.00

Non-Redeemable Common Stock

 

  

 

  

Numerator: Net Income minus Redeemable Net Earnings

 

  

 

  

Net Income

$

7,164,743

$

8,318,874

Less: Net income allocable to Class A common stock subject to possible redemption

 

(33,929)

 

(25,475)

Non-Redeemable Net Income

$

7,130,814

$

8,293,399

Denominator: Weighted Average Non-Redeemable Class A and Class B common stock

 

  

 

  

Non-Redeemable Class A and Class B common stock, basic and diluted weighted average shares outstanding

 

8,258,287

 

8,625,000

Basic and diluted net income per share, Class A and Class B common stock

$

0.86

$

0.96