Social Capital Hedosophia Holdings Corp. IV

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2022

At March 31, 2022 and December 31, 2021, the Class A ordinary shares reflected in the condensed balance sheets are reconciled in the following table:


Gross proceeds	$	460,000,000
Less:
Proceeds allocated to Public Warrants		(16,065,500)
Class A ordinary shares issuance costs		(23,631,167)
Plus:
Remeasurement of carrying value to redemption value		39,706,498
Class A ordinary shares subject to possible redemption, December 31, 2020		460,009,831
Plus:
Remeasurement of carrying value to redemption value		46,008
Class A ordinary shares subject to possible redemption, December 31, 2021		460,055,839
Plus:
Remeasurement of carrying value to redemption value		(55,839)
Class A ordinary shares subject to possible redemption, March 31, 2022	$	460,000,000

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


	For the				For the
	Three Months Ended				Three Months Ended
	March 31, 2022				March 31, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income, as adjusted	$	14,201,718	$	3,550,429	$	15,360,254	$	3,840,064
Denominator:
Basic and diluted weighted average shares outstanding		46,000,000		11,500,000		46,000,000		11,500,000
Basic and diluted net income per ordinary share	$	0.31	$	0.31	$	0.33	$	0.33