Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2021
Accounting Policies [Abstract]  
Schedule Of Earnings Per Share Basic And Diluted
The following table reflects the calculation of basic and diluted net income per ordinary share (in dollars, except per share amounts):
 
 
  
Three Months Ended
June 30, 2021
 
  
Six Months Ended
June 30, 2021
 
Redeemable Class A Ordinary Shares
  
  
Numerator: Earnings allocable to Redeemable Class A Ordinary Shares
  
  
Interest Income
   $ 11,464     $ 100,526  
    
 
 
   
 
 
 
Redeemable Net Earnings
   $ 11,464     $ 100,526  
    
 
 
   
 
 
 
Denominator: Weighted Average Redeemable Class A Ordinary Shares
                
Redeemable Class A Ordinary Shares, Basic and Diluted
     40,000,000       40,000,000  
Earnings/Basic and Diluted Redeemable Class A Ordinary Shares
   $ 0.00     $ 0.00  
Non-Redeemable
Class B Ordinary Shares
                
Numerator: Net Income (Loss) minus Redeemable Net Earnings
                
Net Income (Loss)
   $ (2,244,949   $ 17,069,105  
Redeemable Net Earnings
     (11,464     (100,526
    
 
 
   
 
 
 
Non-Redeemable
Net Income (Loss)
   $ (2,256,413   $ 16,968,579  
Denominator: Weighted Average
Non-Redeemable
Class B Ordinary Shares
                
Non-Redeemable
Class B Ordinary Shares, Basic and Diluted
(1)
     10,000,000       10,000,000  
Loss/Basic and Diluted
Non-Redeemable
Class B Ordinary Shares
   $ (0.23   $ 1.70  
 
(1)
As of June 30, 2021, basic and diluted shares are the same as there are no
non-redeemable
securities that are dilutive to the Company’s shareholders.