Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies And Basis of Presentation (Tables)

v3.21.1
Summary of Significant Accounting Policies And Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Summary of Earnings Per Share, Basic and Diluted
The following table reflects the calculation of basic and diluted net income per ordinary share:
 
    
For The three
Months Ended
March 31, 2021
 
 
 
 
 
 
Class A
Ordinary shares
subject to possible redemption
        
Numerator: Earnings allocable to Ordinary shares subject to possible redemption
        
Income from investments held in Trust Account
   $ 4,775  
Less: Company’s portion available to be withdrawn to pay taxes
     -  
    
 
 
 
Net income attributable
  
$
4,775  
 
    
 
 
 
Denominator: Weighted average Class A ordinary shares subject to possible redemption
        
Basic and diluted weighted average shares outstanding
    
45,559,508
 
    
 
 
 
Basic and diluted net income per share
  
$
0.00  
 
    
 
 
 
 
 
 
 
 
Non-Redeemable
Ordinary shares
        
Numerator: Net Income minus Net Earnings
        
Net income
   $ 2,302,546  
Net income allocable to Class A ordinary shares subject to possible redemption
     (4,775  
    
 
 
 
Non-redeemable net income
  
$
2,297,771
 
    
 
 
 
Denominator: weighted average Non-redeemable ordinary shares
        
Basic and diluted weighted average shares outstanding, Non-redeemable ordinary shares
  
 
12,154,044
 
    
 
 
 
Basic and diluted net income per share, Non-redeemable ordinary shares
  
$
0.19