Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of Net Income (Loss) Per Share of Common Stock

The Company has two categories of shares, which are referred to as redeemable shares of common stock and non-redeemable shares of common stock. Earnings and losses are shared pro rata between the two categories of shares. The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share for each category for the three months ended March 31, 2022 and 2021:

 

For the three months ended March 31, 2022

 

Redeemable

 

 

Non-Redeemable

 

Allocation of net income including shares of common

   stock subject to possible redemption

 

$

974,189

 

 

$

243,547

 

Weighted average redeemable common stock

   outstanding

 

 

27,600,000

 

 

 

6,900,000

 

Basic and diluted net income per share of

   common stock

 

$

0.04

 

 

$

0.04

 

 

For the three months ended March 31, 2021

 

 

Redeemable

 

 

 

Non-Redeemable

 

Allocation of net loss including shares of common

   stock subject to possible redemption

 

$

(38,467

)

 

$

(11,487

)

Weighted average redeemable common

   stock outstanding

 

 

23,106,667

 

 

 

6,900,000

 

Basic and diluted net loss per share of

   common stock

 

$

(0.00

)

 

$

(0.00

)