Registration of securities issued in business combination transactions

Significant Accounting Policies (Tables)

v3.21.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule of Reconciliation of Net Income Per Common Share

The Company’s net income is adjusted for the portion of income that is attributable to common stock subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted loss per common share is calculated as follows:

    Three Months
Ended
June 30, 2021
    Six Months
Ended
June 30, 2021
 
Common Stock Subject to Possible Redemption                
Numerator: Earnings allocable to common stock subject to possible redemption                
Interest earned on marketable securities held in Trust Account   $ 2,896     $ 5,315  
Less: Interest allocable to non-redeemable common stock     (915 )     (1,680 )
Net income allocable to shares subject to possible redemption   $ 1,981     $ 3,635  
Denominator: Weighted Average Redeemable Class A Ordinary Shares                
Basic and diluted weighted average shares outstanding     10,333,213       10,363,269  
Basic and diluted net income per share   $ 0.00     $ 0.00  
Non-Redeemable Common Stock                
Numerator: Net Income (Loss) Minus Net Earnings                
Net Income (Loss)   $ (2,202,161 )   $ 771,059  
Less: Income attributable to common stock subject to possible redemption     (1,981 )     (3,635 )
Non-Redeemable net income (loss)   $ (2,204,142 )   $ 767,424  
Weighted average non-redeemable shares outstanding, basic and diluted     4,443,103       4,162,957  
Basic and diluted net income (loss) per share   $ (0.50 )   $ 0.18