Tailwind Two Acquisition Corp. General form of registration statement for all companies including face-amount certificate companies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

The computations of basic and diluted net loss per share for the periods presented were as follows:


	Years Ended December 31,
(in thousands, except per share and share amounts)	2021			2020
Numerator:
Net loss	$	(138,982	)	$	(10,455	)
Denominator:
Weighted-average shares outstanding - basic and diluted		2,780,993			2,403,755
Net loss per share - basic and diluted	$	(49.98	)	$	(4.35	)

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


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