v3.21.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2021
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of basic and diluted net income (loss) per common share

For the Period

From

March 26,2020

    

Three Months

Six Months

 

(inception)

Ended

Ended 

through

June 30,

June 30,

June 30,

    

2021

    

2020

    

2021

    

2020

Redeemable Class A Common Stock

  

 

Numerator: Income allocable to Redeemable Class A Common Stock

 

  

Interest Income

$

24,979

$

124,456

$

161,030

$

124,456

Income and Franchise Tax

(24,979)

(66,000)

 

(161,030)

(66,000)

Net Income

$

$

58,456

$

$

58,456

Denominator: Weighted Average Redeemable Class A Common Stock

 

Redeemable Class A Common Stock, Basic and Diluted

103,500,000

103,500,000

 

103,500,000

103,500,000

Earnings per Share/Basic and Diluted Redeemable Class A Common Stock

$

0.00

$

0.00

$

0.00

$

0.00

Non-Redeemable B Common Stock

 

Numerator: Net loss minus Redeemable Net Income

 

Net income (loss)

$

(24,255,480)

$

(31,017,171)

$

53,826,180

$

(31,017,171)

Less: Redeemable Net Income

(58,456)

 

(58,456)

Non-Redeemable Net Income

$

(24,255,480)

$

(30,958,715)

$

53,826,180

$

(30,958,715)

Denominator: Weighted Average Non-Redeemable B Common Stock

 

Non-Redeemable B Common Stock, Basic and Diluted

25,875,000

25,875,000

 

25,875,000

25,875,000

Earnings (loss) per Share/Basic and Diluted Non-Redeemable B Common Stock

$

(0.94)

$

(1.20)

$

2.08

$

(1.20)