Skillsoft Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2019

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of basic and diluted income per common share

The Company’s net income is adjusted for the portion of income that is attributable to common stock subject to possible redemption, as these shares only participate in the earnings of the Trust Account and not the income or losses of the Company. Accordingly, basic and diluted income per common share is calculated as follows:


	For the Period
	from April 11,
	2019
	(Inception)
	Through
	December 31,
	2019
Net income	$	4,693,042
Less: Income attributable to common stock subject to possible redemption		(4,868,674)
Adjusted net loss	$	(175,632)
Weighted average shares outstanding, basic and diluted		18,180,430
Basic and diluted net loss per share	$	(0.01)