Registration of securities issued in business combination transactions

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES    
Summary of calculation of basic and diluted net income (loss) per ordinary share

 

 

 

 

 

 

 

 

 

Three Months Ended March 31

 

    

2021

    

2020

Redeemable Ordinary Shares

 

 

 

 

 

  

Numerator: Earnings allocable to Redeemable Ordinary Shares

 

 

  

 

 

  

Interest Income

 

$

23,949

 

$

546,631

Net Earnings

 

$

23,949

 

$

546,631

Denominator: Weighted Average Redeemable Ordinary Shares ​ Redeemable Ordinary Shares, Basic and Diluted

 

 

13,800,000

 

 

13,800,000

Earnings/Basic and Diluted Redeemable Ordinary Shares

 

$

 0.00

 

$

0.04

 

 

 

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

  

 

 

  

Numerator: Net (Loss) Income minus Redeemable Net Earnings

 

 

  

 

 

  

Net (Loss) Income

 

$

1,028,313

 

$

1,291,894

Redeemable Net Earnings

 

 

(23,949)

 

 

(546,631)

Non-Redeemable Net Income

 

$

1,004,364

 

$

745,263

Denominator: Weighted Average Non-Redeemable Ordinary Shares ​ Non-Redeemable Ordinary Shares, Basic and Diluted

 

 

3,600,000

 

 

3,600,000

Loss/Basic and Diluted Non-Redeemable Ordinary Shares

 

$

0.28

 

$

0.21

 

The following table reflects the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except per share amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Period

 

 

 

 

 

from

 

 

 

 

 

July 30, 2019

 

 

 

 

 

(inception)

 

 

Year Ended

 

Through

 

 

December 31,

 

December 31,

 

    

2020

    

2019

Redeemable Ordinary Shares

 

 

 

 

 

  

Numerator: Earnings allocable to Redeemable Ordinary Shares

 

 

 

 

 

  

Interest Income

 

$

744,021

 

$

414,479

Net Earnings

 

$

744,021

 

$

414,479

Denominator: Weighted Average Redeemable Ordinary Shares

 

 

 

 

 

  

Redeemable Ordinary Shares, Basic and Diluted

 

 

13,800,000

 

 

13,800,000

Earnings/Basic and Diluted Redeemable Ordinary Shares

 

$

0.05

 

$

0.03

 

 

 

 

 

 

 

Non-Redeemable Ordinary Shares

 

 

 

 

 

  

Numerator: Net (Loss) Income minus Redeemable Net Earnings

 

 

 

 

 

  

Net (Loss) Income

 

$

(1,531,192)

 

$

(378,919)

Redeemable Net Earnings

 

 

(744,021)

 

 

(414,479)

Non-Redeemable Net Loss

 

$

(2,275,213)

 

$

(793,398)

Denominator: Weighted Average Non-Redeemable Ordinary Shares

 

 

 

 

 

  

Non-Redeemable Ordinary Shares, Basic and Diluted

 

 

3,600,000

 

 

3,600,000

Loss/Basic and Diluted Non-Redeemable Ordinary Shares

 

$

(0.63)

 

$

(0.22)