Reconciliation of Adjusted Net Loss Income per Ordinary Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Reconciliation of Adjusted Net (Loss) Income per Ordinary Share

Note 11 — Reconciliation of Adjusted Net Loss per Ordinary Share

The Company's net income 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 adjusted net loss per ordinary share is as follows:

	Three Months Ended March 31,
	2020			2019
Net income	$	386,140		$	535,012
Less: income attributable to ordinary shares subject to redemption (1)		(482,107	)		(634,967	)
Adjusted net loss	$	(95,967	)	$	(99,955	)
Basic and diluted weighted average shares outstanding (2)		4,212,191			4,086,448
Basic and diluted adjusted net loss per ordinary share	$	(0.02	)	$	(0.02	)

(1)	Income attributable to ordinary shares subject to possible redemption was calculated in proportion of the interest income earned in the 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 and at April 24, 2020.
(2)	Excludes an aggregate of up to 10,364,762 and 10,477,559 shares subject to possible redemption at March 31, 2020 and 2019, respectively.