Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.21.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
3 Months Ended
Mar. 31, 2021
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

 

$

 —

 

$

0.04

 

 

 

 

 

 

 

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