Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2021
Accounting Policies [Abstract]  
Summary of Class A common stock subject to possible redemption
At September 30, 2021, the Class A common stock reflected in the condensed balance sheets are reconciled in the following table:
 
Gross proceeds
    $ 316,250,000  
Less:
         
Proceeds allocated to Public Warrants
      (10,857,917 ) 
Class A common stock issuance costs
      (6,593,548 ) 
Plus:
         
Accretion of carrying value to redemption value
      17,451,465  
    
 
 
  
Class A common stock subject to possible redemption
    $ 316,250,000  
Summary of basic and diluted net income per share
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
 
    
Three Months Ended
September 30, 2021
     
Nine Months Ended
September 30, 2021
  
    
Class A
     
Class B
     
Class A
     
Class B
  
Basic and diluted net income (loss) per common stock
                                    
Numerator:
                                    
Allocation of net income (loss), as adjusted
    $ 3,900,575      $ 950,132      $ (665,697 )     $ (188,517 ) 
Denominator:
                                    
Basic and diluted weighted average stock outstanding
      32,457,500        7,906,250        27,345,147        7,743,819  
    
 
 
     
 
 
     
 
 
     
 
 
  
Basic and diluted net income (loss) per common stock
    $ 0.12      $ 0.12      $ (0.02 )     $ (0.02 )