SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Jun. 30, 2022


	For the Three Months Ended								For the Six Months Ended
	June 30,								June 30,
	2022				2021				2022				2021
	Class A		Class B		Class A		Class B		Class A		Class B		Class A		Class B
Basic and diluted net income per ordinary share
Numerator:
Allocation of net income evenly to Class A and Class B ordinary shares, as adjusted	$	24,472,857	$	6,118,214	$	16,429,029	$	4,107,257	$	47,201,428	$	11,800,357	$	36,488,233	$	9,122,058
Denominator:
Basic and diluted weighted average shares outstanding		115,000,000		28,750,000		115,000,000		28,750,000		115,000,000		28,750,000		115,000,000		28,750,000
Basic and diluted net income per ordinary share	$	0.21	$	0.21	$	0.14	$	0.14	$	0.41	$	0.41	$	0.32	$	0.32


Gross proceeds	$	1,150,000,000
Less:
Proceeds allocated to Public Warrants		(42,348,750)
Class A ordinary shares issuance costs		(58,569,157)
Plus:
Remeasurement of carrying value to redemption value		100,942,485

Class A ordinary shares subject to possible redemption, December 31, 2020		1,150,024,578
Plus:
Remeasurement of carrying value to redemption value		115,019

Class A ordinary shares subject to possible redemption, December 31, 2021	$	1,150,139,597
Plus:
Remeasurement of carrying value to redemption value		2,529

Class A ordinary shares subject to possible redemption, March 31, 2022	$	1,150,142,126
Plus:
Remeasurement of carrying value to redemption value		1,560,846

Class A ordinary shares subject to possible redemption, June 30, 2022	$	1,151,702,972

Social Capital Hedosophia Holdings Corp. VI 10-Q