Tailwind International Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

At September 30, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:


Gross proceeds	$	345,000,000
Less:
Proceeds allocated to Public Warrants	$	(16,905,000)
Class A ordinary shares issuance costs	$	(18,596,985)
Plus:
Accretion of carrying value to redemption value	$	35,501,985

Class A ordinary shares subject to possible redemption	$	345,000,000

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


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021				2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income, as adjusted	$	4,021,586	$	1,005,396	$	10,162,713	$	3,085,434
Denominator:
Basic weighted average shares outstanding		34,500,000		8,625,000		27,675,824		8,402,473
Basic net income per ordinary share	$	0.12	$	0.12	$	0.37	$	0.37

Diluted weighted average shares outstanding		34,500,000		8,625,000		27,675,824		8,625,000
Diluted net income per ordinary share	$	0.12	$	0.12	$	0.37	$	0.36