SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2020

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted net income (loss) per common share

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

	For the
	Period
	from July
	7, 2020
	(Inception)
	through
	December 31,
	2020
Common stock subject to possible redemption
Numerator: Earnings allocable to Common stock subject to possible redemption
Interest earned on marketable securities held in Trust Account	$	36,219
Unrealized loss on marketable securities held in Trust Account		(2,486)
Less: Company’s portion available to pay taxes		(33,733)
Net Income allocable to shares subject to redemption	$	—
Denominator: Weighted Average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding		18,985,021
Basic and diluted net income per share	$	0.00
Non-Redeemable Common Stock
Numerator: Net Loss minus Net Earnings
Net loss	$	(203,416)
Less: Net income allocable to Class A common stock subject to possible redemption		—
Non-Redeemable Net Loss	$	(203,416)
Denominator: Weighted Average Non-Redeemable Common Stock
Basic and diluted weighted average shares outstanding		5,518.380
Basic and diluted net loss per share	$	(0.04)