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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

4 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of reconciliation of Class A common stocks reflected in the condensed balance sheets

At December 31, 2020, the common stock reflected in the condensed consolidated balance sheets are reconciled in the following table:

Gross proceeds		$	231,560,000
Less:
Proceeds allocated to Public Warrants		$	(12,156,900)
Class A common stocks issuance costs		$	(12,491,903)
Plus:
Accretion of carrying value to redemption value		$	29,280,003
Class A common stocks subject to possible redemption		$	236,191,200

Reconciliation of Net Loss per Common Share

		For the Period
		from
		August 21, 2020
		(inception)
			Through
		December 31,
		2020
Class A Common stock subject to possible redemption
Numerator: Earnings allocable to common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account		$	22,970
Unrealized gain on marketable securities held in Trust Account			919
Less: interest available to be withdrawn for payment of taxes			(23,889)
Net Income		$	—
Denominator: Weighted Average Class A common stock subject to possible redemption Basic and diluted weighted average shares outstanding			19,525,316
Basic and diluted net income per share		$	0.00
Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net Loss		$	(5,340,678)
Net income allocable to Class A common stock subject to possible redemption			—
Non-Redeemable Net Loss		$	(5,340,678)
Denominator: Weighted Average Non-Redeemable Common Stock Basic and diluted weighted average shares outstanding, Non-Redeemable common stock,			7,018,311
Basic and diluted net loss per share, Non-Redeemable		$	(0.76)

								For the Period from August 21,
		For the Year Ended						2020 (Inception) Through
		December 31, 2020						December 31, 2020
		Class A			Class B			Class A			Class B
Basic and diluted net loss per common stock
Numerator:
Allocation of net income (loss), as adjusted		$	149,461		$	38,817		$	—		$	—
Denominator:
Basic and diluted weighted average shares outstanding			19,250,109			5,601,728			—			—
Basic and diluted net income (loss) per common stock		$	(0.21)		$	(0.21)		$	—		$	—

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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (27)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 480
-SubTopic 10
-Section S99
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=65877616&loc=d3e177068-122764

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