Adit EdTech Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

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	)