Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

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

Three Months Ended

Six Months Ended

June 30, 

June 30, 

    

2021

    

2021

Class A Ordinary Shares

Numerator: Earnings allocable to Class A Ordinary Shares

 

Interest Income

$

15,387

$

24,676

Less: Income and Franchise Tax available to be withdrawn from the Trust Account

Redeemable Net Earnings

$

15,387

$

24,676

Denominator: Weighted Average Class A Ordinary Shares

Class A Ordinary Shares, Basic and Diluted

34,500,000

34,500,000

Earnings/Basic and Diluted Class A Ordinary Shares

$

0.00

$

0.00

Class A and Class B Ordinary Shares

Numerator: Net (Loss) Income minus Redeemable Net Earnings

Net (Loss) Income

$

(5,197,686)

$

8,221,165

Less: Redeemable Net Earnings

(15,387)

(24,676)

Net (Loss) Income

$

(5,213,073)

$

8,196,489

Denominator: Weighted Average Class A and B Ordinary Shares, Basic and Diluted

8,625,000

8,289,365

Earnings (Loss)/Basic and Diluted Class A and B Ordinary Shares

$

(0.60)

$

0.99