SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

8 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted loss per common share

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

	For the
	Period from
	April 30, 2020
	(inception)
	through
	December 31,
	2020
Class A Common Stock Subject to Possible Redemption
Numerator: Earnings allocable to Class A common stock subject to possible redemption
Interest income	$	475,781
Unrealized gain on investments held in Trust Account		4,159
Less: Company’s portion available to be withdrawn to pay taxes		(193,315)
Less: Company’s portion available to be withdrawn for working capital purposes		(286,625)
Net income allocable to Class A common stock subject to possible redemption	$	—
Denominator: Weighted average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption		188,268,610
Basic and diluted net income per share, Class A common stock subject to possible redemption	$	0.00
Non-Redeemable Common Stock
Numerator: Net loss minus net earnings
Net loss	$	(63,467,875)
Less: Net income allocable to Class A common stock subject to possible redemption		—
Non-redeemable net loss	$	(63,467,875)
Denominator: Weighted average non-redeemable Class B common stock
Basic and diluted weighted average shares outstanding, Non-redeemable Class B common stock		62,139,949
Basic and diluted net loss per share, Non-redeemable Class B common stock	$	(1.02)