Local Bounti Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

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

9 Months Ended

Sep. 30, 2021

Schedule of Basic and Diluted Net Income (loss) Per Ordinary Share

The table below presents a reconciliation of the numerator and denominator used to compute basic and diluted net income (loss) per share for each class of ordinary shares:


	For the Three Months Ended September 30, 2021				For the Period from January 8, 2021 (Inception) through September 30, 2021
	Class A		Class B		Class A			Class B
Numerator:

Allocation of net income (loss)	$	2,775,403	$	693,851	$	(646,698	)	$	(190,159	)
Denominator:
Weighted average ordinary shares outstanding, basic and diluted		27,500,000		6,875,000		22,880,859			6,728,027

Basic and diluted net income (loss) per ordinary share	$	0.10	$	0.10	$	(0.03	)	$	(0.03	)