STOCKHOLDERS’ EQUITY |
6 Months Ended |
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Jun. 30, 2021 | |
| Equity [Abstract] | |
| STOCKHOLDERS’ EQUITY |
NOTE 8 — STOCKHOLDERS’ EQUITY
Preferred Stock — The Company is authorized to issue a total of preferred shares at par value of $ each. At June 30, 2021 and December 31, 2020, there were shares of preferred shares issued or outstanding.
Common Stock — The Company is authorized to issue a total of shares of common stock at par value of $ each. As of June 30, 2021 and December 31, 2020, there were and shares of common stock issued and outstanding, excluding and shares of common stock subject to possible redemption, respectively.
The Company’s initial stockholders have agreed not to transfer, assign or sell their founder shares until the earlier of (i) one year after the date of the consummation of the initial Business Combination or (ii) the date on which the closing price of the Company’s shares of common stock equals or exceeds $12.50 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing after the initial Business Combination, or earlier, in either case, if, subsequent to the initial Business Combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders having the right to exchange their shares of common stock for cash, securities or other property.
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