Tailwind Two Acquisition Corp. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Reconciliation of class A ordinary shares

At December 31, 2021, the Class A ordinary shares reflected in the consolidated balance sheet are reconciled in the following table:


Gross proceeds		$	345,000,000
Less:
Proceeds allocated to Public Warrants			(11,270,000)
Class A ordinary shares issuance costs			(18,881,972)
Plus:
Accretion of carrying value to redemption value			30,151,972
Class A ordinary shares subject to possible redemption		$	345,000,000

Schedule of calculation of basic and diluted net income (loss) per ordinary share


								For the Period from
		Year Ended						November 18, 2020 (Inception) through
		December 31,						December 31,
		2021						2020
		Class A			Class B			Class A			Class B

Basic and diluted net loss per ordinary share
Numerator:
Allocation of net loss		$	(1,886,704)		$	(563,891)		$	—		$	(6,093)
Denominator:
Basic and diluted weighted average shares outstanding			28,167,123			8,418,493			—			7,500,000
Basic and diluted net loss per ordinary share		$	(0.07)		$	(0.07)		$	—		$	(0.00)