SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
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 income per ordinary share (in dollars, except per share amounts):

 

 

 

 

 

 

Three

 

 

Months Ended

 

    

 March 31, 2021

Class A ordinary shares subject to possible redemption

 

  

 

Numerator: Earnings allocable to Class A ordinary shares subject to possible redemption

 

  

 

Interest earned on marketable securities held in Trust Account

 

$

9,824

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

 

$

9,824

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

 

 

  

Basic and diluted weighted average shares outstanding, Class A ordinary shares subject to possible redemption

 

 

39,837,757

Basic and diluted net income per share, Class A ordinary shares subject to possible redemption

 

$

0.00

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

  

Numerator: Net Income minus Net Earnings

 

 

  

Net income

 

$

19,200,318

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

 

 

(9,824)

Non-Redeemable Net Income

 

$

19,190,494

Denominator: Weighted Average Non-redeemable ordinary shares

 

 

  

Basic weighted average shares outstanding, Non-redeemable ordinary shares

 

 

19,583,085

Basic net income per share, Non-redeemable ordinary shares

 

$

0.98

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

  

Numerator:

 

 

 

Non-Redeemable Net Income

 

$

19,190,494

Less: Change in fair value of warrant liabilities

 

 

(20,845,000)

Adjusted net loss

 

$

(1,654,506)

Denominator:

 

 

 

Diluted weighted average shares outstanding, Class A and Class B non-redeemable ordinary shares

 

 

22,748,580

Diluted net loss per share, Class A and Class B non-redeemable ordinary shares

 

$

(0.07)