Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2021

Summary of Significant Accounting Policies

Schedule of reconciliation of basic and diluted net income (loss) per share


					For the period
	Three Months Ended		Nine Months Ended		from July 7, 2020 (Inception)
	September 30, 2021		September 30, 2021		through September 30, 2020
Numerator:
Allocation of net income (loss)	$	34,668,098	$	114,919,812	$	(33,199,392)

Denominator:
Weighted average shares outstanding of Class A redeemable ordinary shares, basic and diluted		40,250,000		40,250,000		7,488,372
Basic and diluted net income (loss) per redeemable ordinary share	$	0.86	$	2.86	$	(4.43)

Numerator:
Allocation of net income (loss)	$	4,717,636	$	15,638,294	$	(17,659,201)

Denominator:
Weighted average shares outstanding of non-redeemable ordinary shares, basic and diluted		5,477,222		5,477,222		3,983,165
Basic and diluted net income (loss) per non-redeemable ordinary share	$	0.86	$	2.86	$	(4.43)

Schedule of Class A ordinary shares subject to possible redemption

The accretion of carrying value to redemption value was recognized on September 15, 2020, the date the Company consummated its Initial Public Offering. As of December 31, 2020, the Class A ordinary shares reflected on the balance sheet are reconciled in the following table:


	As of December 31, 2020
Gross proceeds	$	402,500,000
Less:
Proceeds allocated to liability instruments		(49,879,500)
Class A ordinary shares underwriting discounts and offering costs		(22,137,501)
Plus:
Accretion of carrying value to redemption value		72,017,001
Class A ordinary shares subject to possible redemption	$	402,500,000

There were no changes in Class A ordinary shares subject to possible redemption during the three or nine months ended September 30, 2021.

Ribbit LEAP, Ltd. 10-Q/A