SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Sep. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Class A Common Stock Subject to Possible Redemption

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

Gross proceeds	$	241,500,000
Less:
Proceeds allocated to Public Warrants		(10,481,200	)
Class A common stock issuance costs		(13,006,039	)
Plus:
Accretion of carrying value to redemption value		23,487,139
Class A common stock subject to possible redemption	$	241,500,000

Basic and Diluted Net Income Per Share of Common Stock

The following table reflects the calculation of basic and diluted net income per share of common stock (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 loss per share of  common stock
Numerator:
Allocation of net income, as adjusted	$	1,828,235	$	457,059	$	3,322,777	$	912,805
Denominator:
Basic and diluted weighted average shares outstanding		24,150,000		6,037,500		21,673,077		5,953,846
Basic and diluted net loss per share of common stock	$	0.08	$	0.08	$	0.15	$	0.15