Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.20.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted loss per ordinary share

 

 

 

 

 

 

 

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

 

$

46,048

 

 

 

 

Net income allocable to shares subject to possible redemption

 

$

46,048

Denominator: Weighted Average Redeemable Class A Common Stock

 

 

 

Basic and diluted weighted average shares outstanding

 

 

22,676,053

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

 

$

(1,554,342)

Net loss allocable to Redeemable Class A Common Stock

 

 

(46,048)

Non-Redeemable Net Loss

 

$

(1,600,390)

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

 

 

 

Basic and diluted weighted average shares outstanding

 

 

6,500,406

Basic and diluted net loss per share

 

$

(0.25)