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Reconciliation of Loss per Ordinary Share
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Reconciliation of Loss per Ordinary Share

Note 9 — Reconciliation of Loss per Ordinary Share  

 

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 share is:

 

   Three Months
March 31,
2019
 
     
Net income   535,012 
Less: income attributable to ordinary shares subject to possible redemption (1)   (634,967)
Adjusted net loss   (99,955)
Basic and diluted weighted average shares outstanding (2)   4,086,448 
Basic and diluted net loss per ordinary share   (0.02)

 

(1) Income attributable to ordinary shares subject to possible redemption was calculated in portion of the interest income earned in Trust Account, which would be distributed to shareholders in the event they choose to exercise their redemption rights at the closing of a Business Combination.
(2) Excludes an aggregate of up to 10,593,284 shares subject to possible redemption at March 31, 2019.