Tailwind International Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

At December 31, 2021, the Class A ordinary shares reflected in the 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):



					For the Period from
					November 18, 2020
					(Inception) Through
	Year Ended December 31,				December 31,
	2021				2020
	Class A		Class B		Class A		Class B
Basic net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	10,754,434	$	3,085,755	$	—	$	(5,000)
Denominator:
Basic weighted average shares outstanding		29,490,411		8,461,644		—		7,500,000
Basic net income (loss) per ordinary share	$	0.36	$	0.36	$	—	$	(0.00)

Diluted net income (loss) per ordinary share
Numerator:
Allocation of net income (loss), as adjusted	$	10,708,342	$	3,131,847	$	—	$	(5,000)
Denominator:
Diluted weighted average shares outstanding		29,490,411		8,625,000		—		7,500,000
Diluted net income (loss) per ordinary share	$	0.36	$	0.36	$	—	$	(0.00)