| 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 and six months ended June 30, 2022 and 2021:
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Three Months Ended
June 30,
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Six Months Ended
June 30,
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2022
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2021
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2022
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2021
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Redeemable common
stock
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Non-
redeemable common stock
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Redeemable common
stock
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Non-
redeemable common stock
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Redeemable common
stock
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Non-
redeemable common stock
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Redeemable common
stock
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Non-
redeemable common stock
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Basic and diluted net income (loss) per share:
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Numerator:
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Allocation of net income (loss)
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$
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2,150,495
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$
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537,624
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$
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(95,671
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)
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(23,918
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)
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$
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3,124,684
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$
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781,171
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$
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(133,286
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)
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(36,257
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)
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Denominator:
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Weighted Average Shares Outstanding including common stock subject to redemption
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27,600,000
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6,900,000
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27,600,000
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6,900,000
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27,600,000
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6,900,000
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25,365,746
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6,900,000
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Basic and diluted net income (loss) per share
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$
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0.08
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$
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0.08
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$
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(0.00
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(0.00
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$
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0.11
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$
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0.11
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$
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(0.01
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(0.01
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)
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