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

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For the 

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For the 

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six months 

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three months 

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ended  

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ended

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June 30, 

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June 30, 

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2021

    

2021

Common stock subject to possible redemption

 

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

 

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Accretion of interest income on marketable securities held in trust

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$

33,929

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$

25,475

Less: interest available to be withdrawn for payment of taxes

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(33,929)

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(25,475)

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

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$

—

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$

—

Denominator: Weighted Average Redeemable Class A common stock

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Redeemable Class A Common Stock, Basic and Diluted

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34,500,000

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34,500,000

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

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$

0.00

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$

0.00

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Non-Redeemable Common Stock

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Numerator: Net Income minus Redeemable Net Earnings

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Net Income

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$

7,164,743

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$

8,318,874

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

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(33,929)

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(25,475)

Non-Redeemable Net Income

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$

7,130,814

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$

8,293,399

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

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

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8,258,287

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8,625,000

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

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$

0.86

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$

0.96