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Document And Entity Information
9 Months Ended
Sep. 30, 2021
shares
Document Information Line Items  
Entity Registrant Name ALBERTON ACQUISITION CORPORATION
Trading Symbol ALAC
Document Type 10-Q/A
Current Fiscal Year End Date --12-31
Entity Common Stock, Shares Outstanding 4,480,119
Amendment Flag true
Amendment Description Reason for this AmendmentThis Amendment No. 1 on Form 10-Q/A (the “Amendment”) amends the Quarterly Report on Form 10-Q for the period ended September 30, 2021 (the “Original Report”) of Alberton Acquisition Corp. (the “Company”), as originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 15, 2021 to restate the financial statements as of and for the period ended September 30, 2021 included in the Original Report (the “Original Financial Statements”)Restatement BackgroundThe Company has re-evaluated the Company’s application of ASC 480-10-S99-3A to its accounting classification of the redeemable ordinary shares, no par value (the “Public Shares”), issued as part of the units sold in the Company’s initial public offering (the “IPO”) on October 26, 2018 and in connection with the partial exercise of the over-allotment option on November 20, 2018. Historically, a portion of the Public Shares was classified as permanent equity to maintain stockholders’ equity greater than $5 million on the basis that the Company will not redeem its Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001, as described in the Company’s amended and restated memorandum and articles of association (the “Charter”). Pursuant to such re-evaluation, the Company’s management has determined that the Public Shares include certain provisions that require classification of all of the Public Shares as temporary equity regardless of the net tangible assets redemption limitation contained in the Charter. This has resulted in a restatement of the initial carrying value of the Public Shares subject to possible redemption, with the offset recorded to additional paid-in capital (to the extent available), accumulated deficit and shares of Public Shares.As a result, the Company’s management, together with the Audit Committee, determined on December 2, 2021, that the Company’s financial statements, related footnotes, and other financial data as of and for the period ended September 30, 2021 included in the Original Report should be restated in the Form 10-Q/A as a result of this error.The financial information that has been previously filed or otherwise reported for this period is superseded by the information in this Form 10-Q/A, and the financial statements and related financial information contained in the Original Report should no longer be relied upon. On December 3, 2021, the Company filed a report on Form 8-K disclosing the non-reliance on the financial statements included in the Original Report.
Entity Central Index Key 0001748621
Entity Current Reporting Status Yes
Entity Filer Category Non-accelerated Filer
Document Period End Date Sep. 30, 2021
Document Fiscal Year Focus 2021
Document Fiscal Period Focus Q3
Entity Small Business true
Entity Emerging Growth Company true
Entity Shell Company true
Entity Ex Transition Period false
Document Quarterly Report true
Document Transition Report false
Entity File Number 001-38715
Entity Incorporation, State or Country Code D8
Entity Tax Identification Number 00-0000000
Entity Address, Address Line One Room 1001
Entity Address, Address Line Two 10/F, Capital Center
Entity Address, Address Line Three 151 Gloucester Road
Entity Address, City or Town Wanchai
Entity Address, Country HK
City Area Code 852
Local Phone Number 2117 1621
Title of 12(b) Security Ordinary shares, no par value
Security Exchange Name NASDAQ
Entity Interactive Data Current Yes
Entity Address, Postal Zip Code N/A