Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Tables)

v3.21.2
Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Reconciliation Of Net Loss Per Ordinary Share
The Company’s condensed statement of operations includes a presentation of loss per share for ordinary shares subject to redemption in a manner similar to the
two-class
method of income (loss) per share. Accordingly, basic and diluted loss per share of Class A ordinary shares and Class B ordinary shares is calculated as follows:
 
    
For the three

months ended
June 30, 2021
    
For the period

from January 13,
2021 (inception)
to June 30, 2021
 
Ordinary Shares Subject to Possible Redemption
                 
Numerator: Net income allocable to Ordinary Shares subject to possible redemption
                 
Interest earned on cash and investments held in trust
  
 
$
13,918     
$
15,362  
Less: Franchise and income taxes
     —          —    
    
 
 
    
 
 
 
Net income allocable to Ordinary Shares
  
$
13,918     
$
15,362  
Denominator: Weighted Average Ordinary Shares subject to possible redemption
                 
Basic and diluted weighted average shares outstanding
     39,550,000        39,221,649  
    
 
 
    
 
 
 
Basic and diluted net income per share, Ordinary Shares subject to possible redemption
  
 
$
0.00     
$
0.00  
    
 
 
    
 
 
 
Ordinary Shares Not Subject to Possible Redemption
        
Numerator: Net loss minus redeemable net earnings
                 
Net loss
  
$
(262,247   
$
(994,586
Less: Income allocable to Ordinary Shares subject to possible redemption
     (13,918      (15,362
    
 
 
    
 
 
 
Adjusted
Non-Redeemable
Net loss
  
$
(276,165   
$
(1,009,948
    
 
 
    
 
 
 
Denominator: Weighted Average Ordinary Shares not subject to possible Redemption
                 
Basic and diluted weighted average shares outstanding not subject to possible redemption
     9,887,500        9,805,412  
    
 
 
    
 
 
 
Basic and diluted net loss per Ordinary Share
$
(0.03   
$
(0.10