Hawks 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

Summary of reconciliation of Class A common stock reflected on the balance sheet


Gross proceeds		$	230,000,000
Less:
Proceeds allocated to Public Warrants			(8,338,152)
Class A ordinary shares issuance costs			(13,610,785)
Plus:
Adjust carrying value to initial redemption value			21,948,937
Class A ordinary shares subject to possible redemption		$	230,000,000

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

The following table reflects the calculation of basic and diluted net loss per common share (in dollars, except per share amounts):


		For the Period from January 4, 2021
		(inception) through
		December 31, 2021
		Class A Common			Class B Common
		Stock			Stock
Basic and diluted net income (loss) per common share
Numerator:
Allocation of net loss, as adjusted		$	(243,475)		$	(261,196)
Denominator:
Basic and diluted weighted average shares outstanding			5,359,882			5,750,000

Basic and diluted net loss per common share		$	(0.05)		$	(0.05)