SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Basic and Diluted Net Loss per Common Stock

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

	Three Months Ended June 30,			Six Months Ended June 30,
	2021			2021
Redeemable Class A Common Stock
Numerator: Earnings allocable to Redeemable Class A Common Stock
Interest Income	$	32,556		$	32,607
Less: income available to pay franchise and income taxes		(32,556	)		(32,607	)
Net Earnings	$	—		$	—
Denominator: Weighted Average Redeemable Class A Common Stock
Redeemable Class A Common Stock, Basic and Diluted		69,000,000			69,000,000
Earnings/Basic and Diluted Redeemable Class A Common Stock	$	0.00		$	0.00
Non-Redeemable Class B Common Stock
Numerator: Net Loss minus Redeemable Net Earnings
Net Income (loss)	$	3,617,812		$	(8,026,644	)
Less: Redeemable Net Earnings		—			—
Non-Redeemable Net Income (Loss)	$	3,617,812		$	(8,026,644	)
Denominator: Weighted Average Non-Redeemable Class B Common Stock
Non-Redeemable Class B Common Stock, Basic and Diluted (1)		17,250,000			16,230,663
Income (Loss)/Basic and Diluted Non-Redeemable Class A and B Common Stock	$	0.21		$	(0.49	)

(1) As of June 30, 2021, basic and diluted shares are the same as there are no non-redeemable securities that are dilutive to the Company’s stockholders.