The
Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to possible
redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company.
Accordingly, basic and diluted loss per ordinary share is calculated as follows:
| | |
Three
Months Ended March
31, | |
| | |
2021 | | |
2020 | |
| Ordinary Shares subject
to possible redemption | |
| | | |
| | |
| Numerator: Earnings allocable to ordinary shares subject
to possible redemption | |
| | | |
| | |
| Interest
earned on marketable securities held in Trust Account | |
$ | 18 | | |
$ | 400,472 | |
| Unrealized
gain on marketable securities held in Trust Account | |
| — | | |
| 56,368 | |
| Net
Income allocable to ordinary shares subject to possible redemption | |
$ | 18 | | |
$ | 456,840 | |
| Denominator: Weighted
Average ordinary shares subject to possible redemption | |
| | | |
| | |
| Basic and diluted
weighted average shares outstanding | |
| 767,189 | | |
| 10,344,550 | |
| Basic
and diluted net income per redeemable ordinary share | |
$ | 0.00 | | |
$ | 0.04 | |
| | |
| | | |
| | |
| Non-Redeemable Ordinary Shares | |
| | | |
| | |
| Numerator: Net Loss
minus Net Earnings | |
| | | |
| | |
| Net Income (loss) | |
$ | (1,472,407 | ) | |
$ | 333,179 | |
| Net
Income allocable to ordinary shares stock subject to possible redemption | |
| (18 | ) | |
| (456,840 | ) |
| Non-Redeemable
Net Loss | |
$ | (1,472,425 | ) | |
$ | (123,661 | ) |
| Denominator: Weighted Average Non-Redeemable
ordinary shares | |
| | | |
| | |
| Basic and diluted
weighted average shares outstanding | |
| 3,650,004 | | |
| 3,550,450 | |
| Basic
and diluted net loss per Non-Redeemable ordinary share | |
$ | (0.40 | ) | |
$ | (0.03 | ) |
|