SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Reconciliation of Class A Common Stock Subject to Possible Redemption

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

Gross proceeds	$	287,500,000
Less:
Proceeds allocated to Public Warrants	$	(13,943,750	)
Class A common stock issuance costs	$	(15,513,589	)
Plus:
Accretion of carrying value to redemption value	$	29,457,339
Class A common stock subject to possible redemption	$	287,500,000

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):

	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 per common share
Numerator:
Allocation of net income, as adjusted	$	1,875,568	$	431,381	$	4,207,031	$	967,617
Denominator:
Basic and diluted weighted average shares outstanding		31,250,000		7,187,500		31,250,000		7,187,500
Basic and diluted net income per common share	$	0.06	$	0.06	$	0.13	$	0.13