Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of reconciliation of Class A common stock reflected on the balance sheet

Gross proceeds

    

$

230,000,000

Less:

 

  

Proceeds allocated to Public Warrants

$

(13,225,000)

Class A common stock issuance costs

$

(12,292,456)

Plus:

 

  

Accretion of carrying value to redemption value

$

25,517,456

Class A common stock subject to possible redemption

$

230,000,000

Reconciliation of Net Loss per Common Share

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

Three Months Ended

Three Months Ended

Nine Months Ended

Nine Months Ended

September 30, 2021

September 30, 2020

September 30, 2021

    

September 30, 2020

(As Restated)

(As Restated)

    

Class A

    

Class B

    

Class A

    

Class B

    

Class A

    

Class B

Class A

    

Class B

Basic and diluted net income (loss) per common stock

 

  

 

  

 

  

 

  

Numerator:

 

  

 

  

 

  

 

  

Allocation of net income (loss), as adjusted

$

582,608

$

141,649

$

(304,448)

$

(148,650)

$

560,306

$

136,226

$

(192,876)

$

(260,222)

Denominator:

 

 

 

Basic and diluted weighted average stock outstanding

23,650,000

5,750,000

10,858,152

5,301,630

23,650,000

5,750,000

3,645,803

4,918,796

Basic and diluted net income (loss) per common stock

$

.02

$

.02

$

(.03)

$

(.03)

$

.02

$

.02

$

(.05)

$

(.05)