Reconciliation of Adjusted Net Loss per Ordinary Share

6 Months Ended

Jun. 30, 2020

Earnings Per Share Reconciliation [Abstract]

Reconciliation of Adjusted Net Loss per Ordinary Share

Note 9 — 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 share subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per common share is:

	For The Three Months			For The Six Months			For The Period From April 12, 2019 (Inception)
	Ended			Ended			Through
	June 30, 2020			June 30, 2020			June 30, 2019
Net Loss	$	(816,325	)	$	(773,289	)	$	(4,218	)
Less: income attributable to ordinary share subject to redemption		(209,904	)		(274,710	)		-
Adjusted net loss		(1,026,229	)		(1,047,999	)		(4,218	)
Basic and diluted weighted average shares outstanding (1)		2,311,015			2,079,365			1,437,500
Basic and diluted adjusted net loss per share	$	(0.44	)	$	(0.50	)	$	(0.00	)

(1) Income attributable to ordinary share subject to redemption was calculated in portion of the interest income earned in trust account, which would be distributed to ordinary shareholders at the event they choose to exercise their redemption right at the closing of Initial Business Combination.

(2) Excludes an aggregate of up to 5,148,985 ordinary shares subject to redemption at June 30, 2020.