SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted net income 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 July 7,
	Three Months Ended				Nine Months Ended				2020 (Inception) through
	September 30, 2021				September 30, 2021				September 30, 2020
	Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income (loss) per common share
Numerator:
Allocation of net income (loss), as adjusted	$	2,326,734	$	581,683	$	13,388,366	$	3,347,091	$	—	$	(1,905)
Denominator:
Basic and diluted weighted average share outstanding		20,040,000		5,010,000		20,040,000		5,010,000		—		5,000,000
Basic and diluted net income (loss) per common share	$	0.12	$	0.12	$	0.67	$	0.67	$	—	$	0.00

Schedule of reconciliation of Class A common stock reflected on the balance sheet

At September 30, 2021 and December 31, 2020, the Class A common stocks reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds	$	202,404,000
Less:
Proceeds allocated to Public Warrants		(4,579,580)
Class A common stock issuance costs		(13,092,812)
Plus:
Accretion of carrying value to redemption value		17,672,392
Class A common stock subject to possible redemption	$	202,404,000