Reconciliation of Adjusted Net Loss per Ordinary Share

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Reconciliation of Adjusted Net Loss per Ordinary Share

Note 11 — Reconciliation of Adjusted Net Loss per Ordinary Share

The Company’s net (loss) income is adjusted for the portion of income or loss 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,
	2021			2020
Net (loss) income	$	(170,160	)	$	402,558
Less: income attributable to ordinary shares subject to redemption (1)		(48	)		(479,809	)
Adjusted net loss	$	(170,208	)	$	(77,251	)
Basic and diluted weighted average shares outstanding (2)		4,417,482			4,263,670
Basic and diluted adjusted net loss per ordinary share	$	(0.04	)	$	(0.02	)

(1) Income attributable to ordinary shares subject to possible redemption was calculated in proportion 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 179,623 and 10,315,581 shares subject to possible redemption at March 31, 2021 and 2020, respectively.