SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

Gross proceeds	$	230,000,000
Less:
Class A common stock issuance costs		(9,770,532)
Proceeds allocated to Public Warrants		(13,107,291)
		(22,877,823)
Plus:
Accretion of carrying value to redemption value		22,877,823
Class A common stock subject to possible redemption	$	230,000,000

Reconciliation of Net Loss per Common Share

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

	Three Months Ended				Nine Months Ended
	September 30, 2021				September 30, 2021
	Class A		Class B		Class A		Class B
Basic and diluted net income per share of common stock Numerator:
Allocation of net income, as adjusted	$	4,239,797	$	1,059,949	$	3,815,543	$	953,886
Denominator: Basic and diluted weighted average shares outstanding		23,000,000		5,750,000		11,373,626		5,750,000
Basic and diluted net income per share of common stock	$	0.18	$	0.18	$	0.34	$	0.17