SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Common Stock Subject to Possible Redemption

At September 30, 2021, the Class A common stocks reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds	$	300,000,000
Less:
Proceeds allocated to Public Warrants	$	(10,950,000	)
Class A common stocks issuance costs	$	(16,437,493	)
Plus:
Accretion of carrying value to redemption value	$	27,387,493
Class A common stocks subject to possible redemption	$	300,000,000

Basic and Diluted Net Income (Loss) Per Common Stock

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

	Three Months Ended September 30, 2021				Three Months Ended September 30, 2020						Nine Months Ended September 30, 2021				Nine Months Ended September 30, 2020
	Class A		Class B		Class A			Class B			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	$	6,200,425	$	1,550,106	$	(2,807,918	)		(701,980	)	$	18,140,418	$	4,535,104	$	(10,091,671	)	$	(2,725,418	)
Denominator:
Basic and diluted weighted average shares outstanding		30,000,000		7,500,000		30,000,000			7,500,000			30,000,000		7,500,000		30,000,000			7,500,000
Basic and diluted net income (loss) per common stock	$	0.21	$	0.21	$	(0.09	)		(0.09	)	$	0.60	$	0.60	$	(0.36	)	$	(0.36	)