Leo Holdings Corp. Just Filed Its Quarterly Report: Net Income (Loss) pe...

Net Income (Loss) per Ordinary Share
The Company’s unaudited condensed statements of operations includes a presentation of income (loss) per Class A ordinary share subject to redemption in a manner similar to the
two-class
method of income (loss) per share. Net income per Class A ordinary share, basic and d iluted, is calculated by dividing the investment income earned on investments held in Trust Account by the weighted average number of Class A ordinary shares outstanding for the periods. Net loss per Class B ordinary share, basic and diluted, is calculated by dividing the net loss, less income attributable to Class A ordinary shares, by the weighted average number of Class B ordinary shares outstanding for the periods.
The calculation of diluted net income (loss) per ordinary share does not consider the effect of the warrants issued in connection with the (i) Initial Public Offering, (ii) exercise of over-allotment and (iii) Private Placement since the exercise price of the warrants is in excess of the average ordinary shares price for the period and therefore the inclusion of such warrants would be anti-dilutive.
The following table reflects the calculation of basic and diluted net income (loss) per ordinary share:
 













































































































































































































































   
For the Three Months
Ended
  
For the Six Months
Ended
 
   
June 30, 2021
  
June 30, 2021
 
Class A ordinary shares
         
Numerator:
         
Net gain from investments held in Trust Account
  $9,452  $14,179 
   
 
 
  
 
 
 
Net income attributable to Class A ordinary shares
  $9,452  $14,179 
Denominator:
         
Weighted average shares outstanding of Class A ordinary shares , basic and diluted
   37,500,000   37,500,000 
   
 
 
  
 
 
 
Basic and diluted net income per share, Class A ordinary shares
  $0.00  $0.00 
   
 
 
  
 
 
 
Class B ordinary shares
         
Numerator:
         
Net loss
  $(3,748,336 $(4,077,281
Less: Net
loss
attributable to Class A ordinary shares
   (9,452  (14,179
   
 
 
  
 
 
 
Net loss attributable to Class B ordinary shares
  $(3,757,788 $(4,091,460
Denominator:
         
Weighted average shares outstanding of Class B ordinary shares, basic and diluted
   9,375,000   9,337,017 
   
 
 
  
 
 
 
Basic and diluted net loss per share, Class B ordinary shares
  $(0.40 $(0.44
   
 
 
  
 
 
 

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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