Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
5 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Reconciliation of Net Loss per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

For the Period from 

January 22, 2021 

Three months ended 

(inception)  Through 

    

June 30, 2021

    

June 30, 2021

Redeemable Class A ordinary shares

Numerator: Earnings attributable to Redeemable Class A ordinary shares

Interest income on Trust Account

$

2,627

$

2,800

Net earnings attributable to Class A Ordinary Shares subject to possible redemption

$

2,627

$

22,800

Denominator: Weighted average Redeemable Class A ordinary shares

Basic and diluted weighted average shares outstanding, Redeemable Class A ordinary shares

17,587,842

17,587,842

Basic and diluted net earnings per share, Redeemable Class A ordinary shares

$

0.00

$

0.00

Non-Redeemable Class A and Class B ordinary shares

Numerator: Non-redeemable net income – Basic and diluted

Net income

$

11,141,792

$

6,256,541

Less: Net earnings attributable to Class A ordinary shares subject to possible redemption

(2,627)

(2,800)

Non-redeemable net income – Basic and diluted

$

11,139,165

$

6,253,741

Denominator: Weighted average Non-Redeemable Class A and Class B ordinary shares

Basic and diluted weighted average shares outstanding, Non-Redeemable Class A and Class B ordinary shares

7,412,158

7,412,158

Basic and diluted net income per share, Non-Redeemable Class A and Class B ordinary shares

$

1.50

$

0.84