KnightSwan Acquisition Corporation Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2022

At March 31, 2022, the shares of Class A common stock reflected in the condensed balance sheets is reconciled in the following table:


Gross proceeds	$	230,000,000
Less:
Offering costs allocated to Class A common stock		(11,134,970	)
Proceeds allocated to Public Warrants		(9,319,961	)
Plus:
Accretion of carrying value to redemption value		26,204,931

Class A common stock subject to possible redemption	$	235,750,000

The

following table reflects the calculation of basic and diluted net income per share of common stock.


	Three months ended
	March 31,
	2022
Class A Common Stock
Numerator: Loss allocable to Class A Common Stock	$	(830,367	)
Denominator: Basic and diluted weighted average shares outstanding		16,611,111

Basic and diluted net loss per share, Class A Common Stock	$	(0.05	)

Class B Common Stock
Numerator: Loss allocable to Class B Common Stock	$	(277,021	)
Denominator: Basic and diluted weighted average shares outstanding		5,541,667

Basic and diluted net loss per share, Class B Common Stock	$	(0.05	)