Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended 6 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of basic and diluted loss per ordinary share

 

 

 

 

 

 

    

Three Months

 

 

 Ended 

 

 

 March 31,

 

 

 2021

Redeemable Class A Ordinary Shares

 

  

 

Numerator: Earnings allocable to Redeemable Class A Ordinary Shares

 

  

 

Interest earned on marketable securities held in Trust Account

 

$

36,684

Net income allocable to shares subject to possible redemption

 

$

36,684

Denominator: Weighted Average Redeemable Class A Ordinary Shares

 

 

  

Basic and diluted weighted average shares outstanding

 

 

23,040,654

Basic and diluted net income per share

 

$

0.00

Non-Redeemable Class A and Class B Ordinary Shares

 

 

  

Numerator: Net Loss minus Net Earnings

 

 

  

Net loss

 

$

(8,167,283)

Net loss allocable to Redeemable Class A Ordinary Shares

 

 

(36,684)

Non-Redeemable Net Loss

 

 

(8,203,967)

Denominator: Weighted Average Non-Redeemable Class A and Class B Ordinary Shares

 

 

  

Basic and diluted weighted average shares outstanding

 

 

6,927,636

Basic and diluted net loss per share

 

$

1.18

 

 

 

 

 

 

 

 

For the

 

 

Period from

 

 

July 7, 2020

 

 

(Inception)

 

 

through

 

 

December 31, 

 

    

2020

Redeemable Class A Common Stock

 

 

 

Numerator: Earnings allocable to Redeemable Class A Common Stock

 

 

 

Interest earned on marketable securities held in Trust Account

 

$

43,349

Net income allocable to shares subject to possible redemption

 

$

43,349

Denominator: Weighted Average Redeemable Class A Common Stock

 

 

 

Basic and diluted weighted average shares outstanding

 

 

21,396,989

Basic and diluted net income per share

 

$

0.00

Non-Redeemable Class A and Class B Common Stock

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

 

Net loss

 

$

(1,658,775)

Net loss allocable to Redeemable Class A Common Stock

 

 

(43,349)

Non-Redeemable Net Loss

 

$

(1,702,124)

Denominator: Weighted Average Non-Redeemable Class A and Class B Common Stock

 

 

 

Basic and diluted weighted average shares outstanding

 

 

7,230,225

Basic and diluted net loss per share

 

$

(0.24)