Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Schedule of basic and diluted net loss per common share

 

 

 

 

 

    

Three Months Ended

 

 

March 31, 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

 

$

61,910

Unrealized gain on marketable securities held in Trust Account

 

 

9,455

Net loss allocable to shares subject to possible redemption

 

$

71,365

Denominator: Weighted Average Common stock subject to possible redemption

 

 

  

Basic and diluted weighted average shares outstanding

 

 

19,801,982

Basic and diluted net income per share

 

$

0.00

 

 

 

 

Non-Redeemable Common Stock

 

 

  

Numerator: Net Loss minus Net Earnings

 

 

  

Net loss

 

$

(51,352,965)

Net loss allocable to Common stock subject to possible redemption

 

 

(71,365)

Non-Redeemable Net Loss

 

$

(51,424,330)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

  

Basic and diluted weighted average shares outstanding

 

 

8,948,018

Basic and diluted net loss per share

 

$

(5.75)

 

 

 

 

 

 

    

For the Period

 

 

 from September23,

 

 

 2020

 

 

(Inception) 

 

 

through 

 

 

December 31,

 

 

2020

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

 

$

5,060

Unrealized loss on marketable securities held in Trust Account

 

 

(33,449)

Net loss allocable to shares subject to possible redemption

 

$

(28,389)

Denominator: Weighted Average Common stock subject to possible redemption

 

 

  

Basic and diluted weighted average shares outstanding

 

 

19,978,262

Basic and diluted net income per share

 

$

0.00

Non-Redeemable Common Stock 

 

 

 

Numerator: Net Loss minus Net Earnings

 

 

  

Net loss

 

$

(2,493,666)

Net loss allocable to Common stock subject to possible redemption

 

 

28,389

Non-Redeemable Net Loss

 

$

(2,465,277)

Denominator: Weighted Average Non-Redeemable Common Stock

 

 

  

Basic and diluted weighted average shares outstanding

 

 

6,582,520

Basic and diluted net loss per share

 

$

(0.37)