SOAR Technology Acquisition Corp. Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

8 Months Ended

Sep. 30, 2021

At September 30, 2021, the Class A ordinary share reflected in the condensed balance sheet are reconciled in the following table:


Gross proceeds	$	230,000,000
Less:
Proceeds allocated to Public Warrants	$	(6,003,000	)
Class A ordinary shares issuance costs		(13,064,007	)
Plus:
Accretion of carrying value to redemption value	$	25,967,007


Class A ordinary shares subject to possible redemption	$	236,900,000

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


	Three Months Ended September 30, 2021						For the Period from January 29, 2021 (Inception) through September 30, 2021
	Class A			Class B			Class A			Class B
Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss, as adjusted	$	(310,669	)	$	(766,643	)	$	(144,879	)	$	(941,620	)
Denominator:
Basic and diluted weighted average shares outstanding		2,750,000			6,786,232			1,032,653			6,711,565

Basic and diluted net loss per ordinary share	$	(0.11	)	$	(0.11	)	$	(0.14	)	$	(0.14	)