Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

The following table reflects the calculation of basic and diluted net income (loss) per common share:


	For The Three Months Ended June 30, 2021			For The Period From January 4, 2021 (inception) through June 30, 2021
Class A common stock subject to possible redemption
Numerator: Earnings allocable to common stock subject to possible redemption
Income from investments held in Trust Account	$	7,271		$	18,552
Less: Company’s portion available to be withdrawn to pay taxes		(7,271	)		(18,552	)

Net income attributable to Class A common stock subject to possible redemption	$	—		$	—

Denominator: Weighted average Class A common stock subject to possible redemption
Basic and diluted weighted average shares outstanding, Class A common stock subject to possible redemption		20,464,464			20,541,637

Basic and diluted net income per share, Class A common stock subject to possible redemption	$	0.00		$	0.00

Non-redeemable common stock
Numerator: Net Loss minus Net Earnings
Net loss	$	(11,810,088	)	$	(15,175,347	)
Net income allocable to Class A common stock subject to possible redemption		—			—

Non-redeemable net loss	$	(11,810,088	)	$	(15,175,347	)

Denominator: Weighted average non-redeemable common stock
Basic and diluted weighted average shares outstanding, non-redeemable common stock		8,285,536			7,231,103

Basic and diluted net loss per share, non-redeemable common stock	$	(1.43	)	$	(2.10	)

Kensington Capital Acquisition Corp. II 10-Q