v3.22.2.2
Significant Accounting Policies (Tables)
12 Months Ended
Jul. 31, 2022
Accounting Policies [Abstract]  
Schedule of Earnings Per Share

The earnings per share presented in the statements of operations is based on the following:

 

   For the Year Ended July 31, 2022 
Net loss  $(1,762,838)
Accretion of temporary equity to redemption value   (14,695,090)
Net loss including accretion of temporary equity to redemption value  $(16,457,928)

 

 

8i ACQUISITION 2 CORP.

NOTES TO FINANCIAL STATEMENTS

 

   Redeemable   Non-redeemable 
  

For the Year Ended

July 31, 2022

 
   Redeemable   Non-redeemable 
Basic and diluted net income (loss) per ordinary share:          
Numerator:          
Allocation of net loss including accretion of temporary equity  $(11,752,725)  $(4,705,203)
Accretion of temporary equity to redemption value   14,695,090    - 
Allocation of net income (loss)  $2,942,365   $(4,705,203)
           
Denominator:          
Weighted average shares outstanding   5,883,904    2,355,621 
Basic and diluted net income (loss) per ordinary share  $0.50   $(2.00)

 

   Redeemable   Non-redeemable 
  

For the Period from January 21, 2021

(inception) through July 31, 2021

 
   Redeemable   Non-redeemable 
Basic and diluted net loss per ordinary share:          
Numerator:          
Net loss  $-   $(8,377)
           
Denominator:          
Weighted average shares outstanding   -    1,875,000

(1)

Basic and diluted net loss per ordinary share  $-   $(0.00)