CF Acquisition Corp. VIII Just Filed Its Quarterly Report: Net Loss Per Common ...

Net Loss Per Common Share


Net loss per share of common stock is computed by
dividing net loss applicable to stockholders by the weighted average number of shares of common stock outstanding during the periods.
The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate
of 6,385,000 shares of Class A common stock in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive
under the treasury stock method. As a result, diluted earnings per common share is the same as basic ear nings per common share for the
periods presented.


The Company’s statement of operations includes
a presentation of income per share for common stock subject to redemption in a manner similar to the two-class method of income per share.
Net income per share, basic and diluted for shares of Class A common stock is calculated by dividing the interest income on investments
held in the Trust Account, net of applicable taxes available to be withdrawn from the Trust Account by the weighted average number of
shares of Class A common stock outstanding for the period, excluding 540,000 shares of Class A common stock held by the Sponsor, which
is not subject to redemption. Net loss per share, basic and diluted for shares of Class B common stock is calculated by dividing the net
income, less income attributable to the shares of redeemable Class A common stock by the weighted average number of shares of Class B
common stock and 540,000 shares of Class A common stock held by the Sponsor and outstanding for the period.


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























































   For the Three
Months Ended
March 31,
2021
 
Redeemable Class A common shares    
Numerator: earnings allocable to redeemable Class A common shares    
Interest income on investments held in Trust Account  $ -   
Less franchise tax available to be withdrawn from the Trust Account  $-   
Net earnings  $-   
Denominator: weighted average number of redeemable Class A common share   25,000,000 
Basic and diluted net income per redeemable Class A common share  $-   
Non-redeemable Class A and Class B common shares     
Numerator: net loss minus redeemable net earnings     
Loss from operations  $(103,397)
Change in fair value of warrant liability attributable to non-redeemable Class A private placement and Class B common shares  $137,916 
Change in fair value of FPS liability  $(1,857,632)
Non-redeemable net loss  $(1,823,114)
Denominator: weighted average number of non-redeemable Class B common shares and Class A private placement shares     
Non-redeemable Class A private placement and Class B common shares, basic and diluted   6,173,333 
Basic and diluted net income per non-redeemable Class A private placement and Class B common share  $(0.30)

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

David A. Witkin just provided an update on share ownership of CF Acquisition Corp. VIII - June 2, 2022

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