v3.20.4

CONDENSED STATEMENTS OF OPERATIONS - USD ($)

3 Months Ended

9 Months Ended

Nov. 30, 2020

Nov. 30, 2019

Nov. 30, 2020

Nov. 30, 2019

CONDENSED STATEMENTS OF OPERATIONS

Operating costs

$ 196,646

$ 289,884

$ 566,963

$ 860,442

Loss from operations

(196,646)

(289,884)

(566,963)

(860,442)

Other income:

Interest income

363

180,135

46,703

635,133

Unrealized gain

(6,374)

Other income

363

173,761

46,703

635,133

Net Loss

$ (196,283)

$ (116,123)

$ (520,260)

$ (225,309)

Weighted average ordinary shares outstanding, basic and diluted

^[1]

2,027,351

1,881,942

2,007,674

1,833,297

Basic and diluted net loss per ordinary share

^[2]

$ (0.10)

$ (0.14)

$ (0.27)

$ (0.41)

[1]	Excludes an aggregate of up to 575,331 and 3,330,524 shares subject to possible redemption at November 30, 2020 and 2019.
[2]	Excludes interest income of $154 and $144,673 attributable to shares subject to possible redemption for the three months ended November 30, 2020 and 2019, respectively, and $19,821 and $528,812 attributable to shares subject to possible redemption for the nine months ended November 30, 2020 and 2019, respectively (see Note 3).

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The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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