Haymaker Acquisition Corp. II Just Filed Its Quarterly Report: Net Earnings (Loss) ...

Net Earnings (Loss) Per Share of Common Stock
Net income per share is computed by dividing net earnings by the weighted-average number of shares of common stock outstanding during the period.
The Company’s statement of operations includes a presentation of income per share for common shares subject to possible redemption and applies the
two-class
method in calculating income per share. Net earnings per common
 
share, basic and diluted, for Class A redeemable common stock is calculated by dividing the allocable unrealized gain on investments held in the Trust Account, net of applicable franchise and income taxes, by the weighted average number of Class A redeemable common stock outstanding since original issuance. Net income per share, basic and diluted, for Class A and Class B
non-redeemable
common stock is calculated by dividing the net income, adjusted for earnings attributable to Class A redeemable common stock, by the weighted average number of Class B
non-redeemable
common stock outstanding for the period. Class B
non-redeemable
common stock includes the Founder Shares as these shares do not have any redemption features and do not participate in the income earned on the Trust Account.
The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):
 



















































































































































































































































































   
Three Months
Ended
June 30, 2021
   
Six Months
Ended
June 30, 2021
 
   
(Unaudited)
   
(Unaudited)
 
Redeemable Class A Common Stock
          
Numerator: Earnings allocable to Redeemable Class A Common Stock
          
Unrealized (loss) gain on investments held in Trust Account
  $(7,824  $5,245 
Franchise tax expense
   —      (5,245
   
 
 
   
 
 
 
Net (loss) earnings
  $(7,824  $—   
   
 
 
   
 
 
 
   
Denominator: Weighted average Redeemable Class A Common Stock
          
Basic and diluted weighted average shares outstanding, Redeemable Class A Common Stock
   28,805,260    28,805,260 
   
 
 
   
 
 
 
Basic and diluted net earnings per share, Redeemable Class A Common Stock
  $0.00   $0.00 
   
 
 
   
 
 
 
   
Non-Redeemable
Class A and Class B Common Stock
          
Numerator: Net income minus net earnings
          
Net income
  $13,238,824   $9,295,450 
Net earnings
   7,824    —   
   
 
 
   
 
 
 
Non-redeemable
net income
  $13,246,648   $9,295,450 
   
 
 
   
 
 
 
Denominator: Weighted average
Non-Redeemable
Class A and Class B Common Stock
          
Basic and diluted weighted average shares outstanding,
Non-Redeemable
Class A and Class B Common Stock
   10,882,240    10,882,240 
   
 
 
   
 
 
 
Basic and diluted net income per share,
Non-Redeemable
Class A and Class B Common Stock
  $1.22   $0.85 
   
 
 
   
 
 
 

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

To receive a free e-mail notification whenever Haymaker Acquisition Corp. II makes a similar move, sign up!

Auto Refresh

Feedback