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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 11 Months Ended
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Schedule of calculation of basic and diluted net income (loss) per ordinary share

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

 

 

 

 

 

 

    

For the Period from

 

 

February 11, 2020

 

 

(Inception) Through

 

 

December 31, 2020

Class A Ordinary shares subject to possible redemption

 

 

  

Numerator: Earnings allocable to Ordinary shares subject to possible redemption

 

 

  

Interest earned on cash held in Trust Account

 

$

 —

Less: interest available to be withdrawn for payment of taxes

 

 

 —

Less: interest available to be withdrawn for working capital

 

 

 —

Net income

 

$

 —

Denominator: Weighted Average Class A ordinary shares subject to possible redemption

 

 

  

Basic and diluted weighted average shares outstanding

 

$

45,254,948

Basic and diluted net income per share

 

$

0.00

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

  

Numerator: Net Loss minus Net Earnings

 

 

  

Net loss

 

$

(29,914,748)

Net income allocable to Class A ordinary shares subject to possible redemption

 

 

 —

Non-Redeemable Net Loss

 

$

(29,914,748)

Denominator: Weighted Average Non-Redeemable Ordinary Shares

 

 

  

Basic and diluted weighted average shares outstanding, Non-redeemable ordinary shares

 

 

16,283,431

Basic and diluted net loss per share, Non-redeemable ordinary shares

 

$

(1.84)