0001213900-13-003252.txt : 20130624 0001213900-13-003252.hdr.sgml : 20130624 20130624104319 ACCESSION NUMBER: 0001213900-13-003252 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20130331 FILED AS OF DATE: 20130624 DATE AS OF CHANGE: 20130624 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Capitol Acquisition Corp. II CENTRAL INDEX KEY: 0001512499 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 274749725 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35898 FILM NUMBER: 13928755 BUSINESS ADDRESS: STREET 1: 509 7TH STREET, N.W. CITY: WASHINGTON STATE: DC ZIP: 20004 BUSINESS PHONE: 202-654-7060 MAIL ADDRESS: STREET 1: 509 7TH STREET, N.W. CITY: WASHINGTON STATE: DC ZIP: 20004 10-Q 1 f10q0313_capitolacquisition.htm QUARTERLY REPORT f10q0313_capitolacquisition.htm


UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 10-Q

(MARK ONE)

x           QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the period ended March 31, 2013

o           TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                    to

Commission file number: 001-35898

CAPITOL ACQUISITION CORP. II
(Exact Name of Registrant as Specified in Its Charter)
 
Delaware
 
27-4749725
(State or other jurisdiction of
incorporation or organization)
 
(I.R.S. Employer
Identification No.)

509 7th Street, N.W., Washington, D.C. 20004
(Address of principal executive offices)

202-654-7060
(Issuer’s telephone number)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and  (2) has been subject to such filing requirements for the past 90 days.   Yes x No o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes  x No o

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.  See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (Check one).
 
Large accelerated filer o Accelerated filer o
       
Non-accelerated filer   x Smaller reporting company o
(Do not check if smaller reporting company)      
 
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).  Yes ý No ¨

As of June 21, 2013, 25,000,000 shares of common stock, par value $0.0001 per share were issued and outstanding.
 


 
 
 
 
 
CAPITOL ACQUISITION CORP. II

FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2013

TABLE OF CONTENTS
 
 
Page
Part I. Financial Information
 
Item 1. Financial Statements
 
Condensed Balance Sheets as of March 31, 2013 (Unaudited) and December 31, 2012
3
Condensed Statement of Operations (Unaudited) for the three months ended March 31, 2013 and 2012 and for the period from August 9, 2010 (inception) through March 31, 2013
4
Condensed Statement of Changes in Stockholders’ Equity (Unaudited) for the period from August 9, 2010 (inception) through March 31, 2013
5
Condensed Statement of Cash Flows (Unaudited) for the three months ended March 31, 2013 and 2012 and for the period from August 9, 2010 (inception) through March 31, 2013
6
Notes to Unaudited Condensed Financial Statements
7-11
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
12
Item 3. Quantitative and Qualitative Disclosures Regarding Market Risk
13
Item 4. Controls and Procedures
13
Part II. Other Information
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
14
Item 6. Exhibits
15
Signatures
16
 
 
 

 
 
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.
Capitol Acquisition Corp. II
(a development stage company)
  
Condensed Balance Sheets
 
   
March 31,
2013
   
December 31,
2012
 
   
(Unaudited)
       
             
ASSETS
           
Current assets
           
Cash
  $ 1,047     $ 2,577  
Total current assets
    1,047       2,577  
Deferred offering costs
    210,289       165,198  
Total assets
  $ 211,336     $ 167,775  
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current Liabilities
               
Accounts payable and accrued expenses
  $ 41,075     $ 20  
Due to related party
    6,906       -  
Note payable to related party
    150,000       150,000  
Total current liabilities
    197,981       150,020  
                 
Commitments and contingencies
               
                 
Stockholders’ equity
               
Preferred stock, $0.0001 per share, 1,000,000 shares  authorized, none issued or outstanding
    -       -  
 Common stock, $0.0001 par value, 200,000,000 shares authorized; 5,175,000 shares issued and outstanding(1)(2)
    517       517  
Additional paid-in capital
    24,483       24,483  
Deficit accumulated during development stage
    (11,645 )     (7,245 )
Total stockholders’ equity
    13,355       17,755  
Total liabilities and stockholders’ equity
  $ 211,336     $ 167,775  
 
(1)
Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company’s Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)

(2)
This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.  Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company’s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company’s initial business combination.

The Accompanying Notes are an Integral Part of these Financial Statements.
 
 
3

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Condensed Statements of Operations
(unaudited)
 
   
For the three months ended
March 31, 2013
   
For the three months ended
March 31, 2012
   
For the period from August 9, 2010 (inception) through
 March 31, 2013
 
                   
Formation and operating costs
  $ (4,400 )   $ (568 )   $ (11,645 )
                         
Net loss
  $ (4,400 )   $ (568 )   $ (11,645 )
                         
Weighted average number of common shares outstanding, basic and diluted (1)(2)
    5,175,000       5,175,000          
                         
Basic and diluted net loss per share
  $  (0.00 )   $  (0.00 )        

(1) 
Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company’s Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)

(2)  
This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.  Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company’s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company’s initial business combination.
 
The accompanying notes are an integral part of these condensed financial statements.
 
4

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Condensed Statement of Changes in Stockholders’ Equity
For the period from August 9, 2010 (Inception) through March 31, 2013
 
                     
Deficit
accumulated 
       
               
Additional
    during     Total   
   
Common Stock
    paid–in     development     stockholders’  
   
Shares
   
Amount
    capital     stage    
equity
 
                                         
Balance, August 9, 2010 (inception)
    -     $ -     $ -     $ -     $ -  
Common stock issued at approximately $0.006 per share to initial stockholders on February 3, 2011(1) (2)
    5,175,000       517       24,483       -       25,000  
Net loss for the year ended December 31, 2011
    -       -       -       (2,477 )     (2,477 )
Balance, December 31, 2011
    5,175,000       517       24,483       (2,477 )     22,523  
                                         
Net loss for the year ended December 31, 2012
    -       -       -       (4,768 )     (4,768 )
Balance, December 31, 2012
    5,175,000       517       24,483       (7,245 )     17,755  
                                         
Net loss for the three months ended March 31, 2013 (Unaudited)
    -       -       -       (4,400 )     (4,400 )
Balance, March 31, 2013 (Unaudited)
    5,175,000     $ 517     $ 24,483     $ (11,645 )   $ 13,355  
 
(1) 
Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company’s Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)
 
(2)  
This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.  Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company’s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company’s initial business combination.
 
The accompanying notes are an integral part of these condensed financial statements.
 
 
5

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Condensed Statement of Cash Flows

(unaudited)
 
   
For the three months ended March 31, 2013
   
For the three months ended March 31, 2012
   
For the period
from August 9, 2010 (inception)
through
March 31, 2013
 
                   
Cash Flows from Operating Activities
                 
Net loss
  $ (4,400 )   $ (568 )   $ (11,645 )
Adjustments to reconcile net loss to net cash provided by (used in)  operating activities
                       
Changes in operating assets and liabilities:
                       
Other current assets
    -       400       -  
Accounts payable and accrued expenses
    2,850       -       2,870  
Net cash used in operating activities
    (1,550 )     (168 )     (8,775 )
                         
Cash Flows from Financing Activities
                       
Proceeds from note payable to related party
    -       -       150,000  
Proceeds from related party
    6,906       -       6,906  
Proceeds from issuance of common stock to initial stockholders
    -       -       25,000  
Payment of deferred offering costs
    (6,886 )     -       (172,084 )
Net cash provided by (used in) financing activities
    20       -       9,822  
                         
     Net (decrease) increase in cash
    (1,530 )     (168 )     1,047  
                         
     Cash at beginning of period
    2,577       33,589       -  
                         
     Cash at end of period
  $ 1,047     $ 33,421     $ 1,047  
                         
Supplemental Disclosure of Cash Flow Information
                       
                         
Non-cash financing activities:
                       
Deferred offering costs included in accounts  payable
  $ 38,205     $ -     $ 38,205  

The accompanying notes are an integral part of these condensed financial statements.
 
 
6

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Notes to Condensed Financial Statements

Note 1 — Organization, Plan of Business Operations and Liquidity

Capitol Acquisition Corp. II (a development stage company) (the “Company”) was incorporated in Delaware on August 9, 2010 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”).

The Company is considered to be a development stage company and as such, the financial statements are prepared in accordance with the Accounting Standards Codification (“ASC”) topic 915 “Development Stage Entities.” The Company is subject to all of the risks associated with development stage companies.

At March 31, 2013, the Company had not yet commenced any operations.  All activity through March 31, 2013 relates to the Company’s formation and initial public offering (“Offering”).  The Company has selected December 31 as its fiscal year-end.

The registration statement for the Offering was declared effective on May 9, 2013.  On May 10, 2013, the Company filed a new registration statement to increase the size of the Offering by 20% pursuant to Rule 462(b) under the Securities Act of 1933, as amended.  On May 15, 2013, the Company consummated the Offering and received proceeds net of the underwriter’s discount and other offering expenses of $194,400,000 and simultaneously received $5,600,000 from the issuance of 5,600,000 warrants (“Sponsors’ Warrants”) in a private placement (the “Private Placement”).  The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Offering and the Private Placement, although substantially all of the net proceeds are intended to be applied generally towards consummating a Business Combination successfully.  Furthermore, there is no assurance that the Company will be able to affect a Business Combination successfully.

Upon the closing of the Offering, $200,000,000 ($10.00 per share sold in the Offering), including the proceeds from the Private Placement, is held in a trust account (the “Trust Account”) and may be invested only in United States government securities having a maturity of 180 days or less, or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, that solely invests in U.S. government treasury obligations until the earlier of the consummation of a Business Combination or the Company’s redemption of 100% of the outstanding public shares if the Company has not consummated a Business Combination in the required time period.

The Company’s units are listed on the Nasdaq Capital Markets (“Nasdaq”).  Pursuant to Nasdaq listing rules, the target business or businesses with which the Company completes a Business Combination must collectively have a fair market value equal to at least 80% of the balance of the funds in the Trust Account (less taxes payable) at the time of the execution of the definitive agreement for its initial Business Combination, although the Company may acquire a target business whose fair value significantly exceeds 80% of the Trust Account balance.

The Company, after signing a definitive agreement for the acquisition of a target business, is required to provide shareholders who acquired shares in the Public Offering (“Public Shareholders”) with the opportunity to redeem their public shares for a pro rata share of the Trust Account by means of conducting redemptions in conjunction with a proxy solicitation pursuant to the proxy rules.  Each Public Shareholder will be entitled to receive a full pro rata portion of the amount then in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released by the Company or necessary to pay taxes).  The Company will consummate an initial Business Combination only if the Company has net tangible assets of at least $5 million upon consummation of the Business Combination and a majority of the outstanding public shares voted are voted in favor of the Business Combination.

In connection with any stockholder vote required to approve any Business Combination, the Company’s sponsor and the other initial stockholders of the Company (collectively, the “Initial Stockholders”) have agreed (i) to vote any of their respective shares in favor of the initial Business Combination and (ii) not to convert any of their respective shares. Public stockholders who convert their stock will continue to have the right to exercise any warrants they may hold if the Business Combination is consummated.

 
7

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Notes to Condensed Financial Statements

Note 1 — Organization, Plan of Business Operations and Liquidity (continued)

The Company has until February 15, 2015 to complete the Business Combination, or May 15, 2015 if the Company has executed a letter of intent, agreement in principal or definitive agreement with respect to a Business Combination prior to February 15, 2015 but has not completed such Business Combination by February 15, 2015.

If the Company is unable to complete a Business Combination within the allotted time, the Company will automatically dissolve and as promptly as practicable liquidate the Trust Account and release only to Public Shareholders a pro rata share of the Trust Account (initially $10.00 per share), plus any remaining net assets.  The Initial Stockholders have agreed to waive the right to participate in any distribution from the Trust Account, but not with respect to any units they acquire in the aftermarket.

Placing funds in the Trust Account may not protect those funds from third party claims against the Company.  Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements.  If the Company is unable to complete a Business Combination and is forced to dissolve and liquidate, the Company’s executive officers, by agreement, have agreed that they will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for services rendered, contracted for or products sold to the Company. However, there can be no assurance that it will be able to satisfy those obligations should they arise.

Note 2 — Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included.  The Company has evaluated subsequent events through the issuance of this Form 10-Q.  Operating results for the quarter ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. At March 31, 2013, the Company’s cash is held at one financial institution.

Income Taxes

The Company accounts for income taxes under Accounting Standards Codification (“ASC”) 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.

ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is required to file income tax returns in the United States (federal) jurisdiction. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
 
 
8

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Notes to Condensed Financial Statements

Note 2 — Significant Accounting Policies (continued)

Income Taxes (continued)
 
The Company’s conclusions regarding uncertain tax positions may be subject to review and adjusted at a later date based upon ongoing analyses of tax laws, regulations, and interpretations thereof as well as other factors.  Generally, federal and state authorities may examine the tax returns for three years from the date of filing; therefore the years ended December 31, 2012 and 2011 and the period from August 9, 2010 (inception) through December 31, 2010 remain subject to examination as of March 31, 2013.  There are currently no ongoing income tax examinations.

The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period from August 9, 2010 (inception) through March 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.

Loss per Share

Basic loss per share is calculated using the weighted - average number of shares of common stock and diluted loss per share is computed on the basis of the average number of common stock outstanding plus the effect of outstanding warrants using the “treasury stock method.”

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000.  At March 31, 2013, the Company had not experienced losses on these accounts and management believed the Company was not exposed to significant risks on such accounts.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

Subsequent Events

Management of the Company evaluated events that have occurred after the balance sheet date of March 31, 2013 but before the condensed financial statements were available to be issued. Except as disclosed in Notes 1, 3, and 7, management did not identify any recognized or non-recognized subsequent event that would have required adjustment or disclosure in the financial statements.
 
 
9

 

 
Capitol Acquisition Corp. II
(a development stage company)
  
Notes to Condensed Financial Statements

Note 3 —Initial Public Offering and Insider Warrants
 
In connection with the Offering, on May 15, 2013, the Company sold 20,000,000 Units at $10.00 per unit (“Units”), including 2,000,000 units subject to the underwriters’ over-allotment option, generating gross proceeds of $200,000,000. On May 17, 2013, the underwriters in the Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.  As a result, the Company’s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Offering.   Each unit consists of one share of the Company’s Common Stock, $0.0001 par value, and one half of one redeemable warrant (“Warrants”) to purchase one share of Common Stock.  The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52nd day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin.  However, no fractional Warrants will be issued and only whole Warrants will trade. Once the shares of Common Stock and Warrants commence separate trading, holders will have the option to continue to hold Units or separate their Units into the component pieces. Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account.  At May 15, 2013, there are 15,600,000 warrants outstanding, which include 5,600,000 warrants purchased by the sponsor and 10,000,000 warrants purchased in connection with the sale of units related to the Offering.
 
The Warrants may be redeemed by the Company in whole and not in part, at a price of $0.01 per warrant at any time the warrants are exercisable, upon a minimum of 30 days’ prior written notice of redemption, if, and only if, the last sales price of the Company’s shares of common stock equals or exceeds $24.00 per share  (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within a 30 trading day period ending three business days before the Company sends the redemption notice; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.

If the Company calls the warrants for redemption as described above, the Company’s management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the fair market value by (y) the fair market value. The fair market value shall mean the average reported last sale price of the shares of common stock for the 5 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.
 
Simultaneously with the consummation of the Offering, the Company consummated the Private Placement of 5,600,000 Sponsors’ Warrants at a price of $1.00 per warrant, generating total proceeds of $5,600,000. The Sponsors’ Warrants are identical to the Warrants included in the Units sold in the Offering except that the Sponsors’ Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors’ Warrants have also agreed not to transfer, assign or sell any of the Sponsors’ Warrants, including the common stock issuable upon exercise of the Sponsors’ Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business Combination.
 
Note 4 — Deferred Offering Costs

Deferred offering costs consist principally of legal, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Offering and that were charged to stockholders’ equity upon the completion of the Offering (See Note 3).
 
 
10

 
 
Capitol Acquisition Corp. II
(a development stage company)
  
Notes to Condensed Financial Statements

Note 5 — Note Payable and Advances from Related Party

The Company issued a $150,000 principal amount unsecured promissory note to an affiliate of the Company’s Chief Executive Officer on February 3, 2011. The note was non-interest bearing and was payable on the consummation of the Initial Public Offering.   The note was repaid in full on the closing of the Offering.

The same affiliate also advanced the Company an aggregate of $6,906 as of March 31, 2013 for costs associated with the Offering. This advance was repaid in full on the closing of the Offering.
 
Note 6 —Commitments and Contingencies

On May 10, 2013, the Company entered into an agreement with the underwriters (“Underwriting Agreement”). Pursuant to the Underwriters Agreement, the Company paid an underwriting discount of 2.0% of the gross proceeds of the Offering, or $4,000,000. The Company will also pay the underwriters in the Offering an additional deferred underwriting discount of 4.0% of the gross proceeds of the Offering (“Deferred Commissions”) which will be placed in the Trust Account and paid only upon consummation of a Business Combination.

An affiliate of the Company’s Chief Executive Officer has agreed that, until the Company consummates a Business Combination, it will make available to the Company certain office space and administrative abd support services, as may be required by the Company from time to time.  The Company has agreed to pay such affiliate $7,500 per month for such services commencing on May 9, 2013

Note 7 —Stockholders’ Equity
 
Preferred Stock
 
The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2013, there are no shares of preferred stock issued or outstanding.
 
Common Stock
 
The Company is authorized to issue 200,000,000 shares of common stock with a par value of $0.0001 per share.

In connection with the organization of the Company, on February 3, 2011, a total of 4,417,684 shares of the Company’s common stock were sold to Capital Acquisition Management 2 LLC (the “Sponsor”) at a price of approximately $0.006 per share for an aggregate of $25,000. On March 25, 2013, the Sponsor contributed an aggregate of 105,184 shares of the Company’s common stock to the Company at no cost for cancellation. Effective May 9, 2013, the Company’s Board of Directors authorized a stock dividend of 0.2 shares for each outstanding share of common stock, resulting in 5,175,000 shares outstanding. All references in the accompanying financial statements to the number of shares of common stock have been retroactively restated to reflect these transactions. On May 17, 2013, the underwriters in the Public Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.  As a result, the Company’s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Public Offering.  The shares held by the Initial Stockholders includes 1,250,000 shares that are subject to forfeiture if the last sales price of the Company’s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company’s initial Business Combination.
 
 
11

 

Item 2. Management’s Discussion and Analysis.

Forward-Looking Statements
 
This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other Securities and Exchange Commission (“SEC”) filings.  References to “we”, “us”, “our” or the “Company” are to Capitol Acquisition Corp. II, except where the context requires otherwise.  The following discussion should be read in conjunction with our condensed financial statements and related notes thereto included elsewhere in this report.

Overview
 
We are a blank check company in the development stage, formed on August 9, 2010 to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities. We do not have any specific initial business transaction under consideration, but we are actively searching for a target business.
 
We presently have no revenue, have had losses since inception from incurring formation costs and have no other operations other than the active solicitation of a target business with which to complete a business combination.  We have relied upon the sale of our securities and loans from our officers and directors to fund our operations.
 
The registration statement for our initial public offering was declared effective on May 9, 2013.   On May 10, 2013, we filed a new registration statement to increase the size of the initial public offering by 20% pursuant to Rule 462(b) under the Securities Act of 1933, as amended.  On May 15, 2013, we consummated the offering and received proceeds net of the underwriter’s discount and other offering expenses of $194,400,000 and simultaneously received $5,600,000 from the issuance of 5,600,000 warrants (“Sponsors’ Warrants”) in a private placement (the “Private Placement”).  Our management has broad discretion with respect to the specific application of the net proceeds of the offering and the Private Placement, although substantially all of the net proceeds are intended to be applied generally towards consummating a business combination successfully.
 
Results of Operations
 
Our entire activity since inception up to the closing of our initial public offering on May 15, 2013 was in preparation for that event.  Since the offering, our activity has been limited to the evaluation of business combination candidates, and we will not be generating any operating revenues until the closing and completion of our initial business combination.  We expect to generate small amounts of non-operating income in the form of interest income on cash and cash equivalents.  Interest income is not expected to be significant in view of current low interest rates on risk-free investments (treasury securities).  We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.  We expect our expenses to increase substantially after this period.
 
For the three months ended March 31, 2013 and 2012 and for the period from August 9, 2010 (inception) through March 31, 2013, we had net losses of $4,400, $568, and $11,645, respectively, which consist of formation and operating costs.  We incurred offering costs of $210,289 with regard to the offering, which are classified as deferred offering costs on the balance sheet as of March 31, 2013.
   
 
12

 
 
Liquidity and Capital Resources

As of March 31, 2013, we have cash of $1,047.  Until the initial public offering, as described above, our only source of liquidity were the proceeds from the sales of common stock to our initial stockholders and the loan and advances made by an entity controlled by our Chief Executive Officer. As of March 31, 2013, we owed this entity a $150,000 note payable and an additional $6,906 for other advances.  These amounts were fully repaid with the consummation of the initial public offering.  Accounts payable and accrued expenses as of March 31, 2013, consists of various costs related to the offering.
 
Off-Balance Sheet Arrangements
 
We did not have any off-balance sheet arrangements as of March 31, 2013.
 
Item 3. Quantitative and Qualitative Disclosures About Market Risk

As of March 31, 2013, we were not subject to any market or interest rate risk.  Following the consummation of the our initial public offering, the net proceeds of our initial public offering, including amounts in the Trust Account, have been invested in U.S. government treasury bills with a maturity of 180 days or less. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures
 
Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended March 31, 2013, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our principal executive officer and principal financial and accounting officer have concluded that during the period covered by this report, our disclosure controls and procedures were effective.
 
Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.
 
Changes in Internal Control over Financial Reporting

There was no change in our internal control over financial reporting that occurred during the fiscal quarter of 2013 covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
 
 
13

 
 
PART II - OTHER INFORMATION
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities

In February 2011, we issued 4,417,684 shares of common stock to Capitol Acquisition Management 2 LLC (our “sponsor”) for $25,000 in cash, at a purchase price of approximately $0.01 share, in connection with our organization. Such shares were issued pursuant to the exemption from registration contained in Section 4(2) of the Securities Act as they were sold to an accredited investor.  In March 2013, our sponsor contributed an aggregate of 105,184 shares of our common stock to our capital, resulting in our sponsor owning an aggregate of 4,312,500 founder’s shares. The sponsor received no consideration for this contribution. Such contribution was made solely to maintain the sponsor’s collective 20% ownership interest in our shares of common stock based on the then current size of our initial public offering. Thereafter, also in March 2013, our sponsor transferred an aggregate of 1,078,126 founder’s shares to our executive officers and directors. In April 2013, our sponsor and Dyson Dryden, our chief financial officer and a director, transferred an aggregate of 22,998 founder’s shares to Messrs. Calcano, Donaldson and Sodha, each a director, resulting in our sponsor owning an aggregate of 3,222,875 founder’s shares and Mr. Dryden owning an aggregate of 974,626 founder’s shares. The sponsor received no consideration for these transfers. In May 2013, we effected a stock dividend of 0.2 shares for each outstanding share of common stock, resulting in our sponsor and officers and directors holding an aggregate of 5,175,000 founder’s shares.  Our sponsors are now expected to maintain approximately a 15% ownership interest in our shares of common stock based on the current size of our initial public offering.

On May 15, 2013, we consummated our initial public offering of 20,000,000 units, including 2,000,000 units subject to the underwriters’ over-allotment option, with each unit consisting of one share of common stock and one half of one warrant, each whole warrant to purchase one share of common stock.   The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52nd day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin.  However, no fractional Warrants will be issued and only whole Warrants will trade. Once the shares of Common Stock and Warrants commence separate trading, holders will have the option to continue to hold Units or separate their Units into the component pieces. Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Public Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account. The units were sold at an offering price of $10.00 per unit, generating gross proceeds of $200,000,000.  Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. acted as the joint book-running managers of the initial public offering.  Ladenburg Thalmann & Co. Inc. and Imperial Capital LLC served as co-managers.  The units sold in the offering were registered under the Securities Act of 1933 on registration statements on Form S-1 (Nos. 333-187519 and 333-188503). The Securities and Exchange Commission declared the registration statement effective on May 9, 2013.
 
Simultaneously with the consummation of the offering, we consummated the private placement of 5,600,000 Sponsors’ Warrants at a price of $1.00 per warrant, generating total proceeds of $5,600,000. The Sponsors’ Warrants are identical to the Warrants included in the Units sold in the Public Offering except that the Sponsors’ Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors’ Warrants have also agreed not to transfer, assign or sell any of the Sponsors’ Warrants, including the common stock issuable upon exercise of the Sponsors’ Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business CombinationThese issuances were made pursuant to the exemption from registration contained in Section 4(2) of the Securities Act.

We paid a total of $4,000,000 in underwriting discounts and commissions (not including deferred fees) and $630,475 for other costs and expenses related to the offering.

After deducting the underwriting discounts and commissions and the offering expenses, the total net proceeds to us from the offering were $200,969,525. Of this amount, $200,000,000 we received from the sale of units in the offering and private placement of sponsors’ warrants was deposited into the trust account.

For a description of the use of the proceeds generated in our initial public offering, see Part I, Item 2 of this Form 10-Q.

 
14

 

Item 6.  Exhibits.

Exhibit No.
 
Description
     
31.1
 
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2
 
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32
 
Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
 
 
15

 
 
SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
CAPITOL ACQUISITION CORP. II
 
By:
/s/ Mark D. Ein
 
Mark D. Ein
Chief Executive Officer
(Principal executive officer)
 
By:
/s/ L. Dyson Dryden
 
L. Dyson Dryden
Chief Financial Officer
(Principal financial and accounting officer)

Date:  June 24, 2013
 

16

EX-31.1 2 f10q0313ex31i_capitol.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. f10q0313ex31i_capitol.htm
EXHIBIT 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Mark D. Ein, certify that:

1.        I have reviewed this quarterly report on Form 10-Q of Capitol Acquisition Corp. II;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant,  is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

b)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

c)  
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)  
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

     a)  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 24,  2013
   
 
/s/ Mark D. Ein
 
 
Mark D. Ein
 
Chief Executive Officer
(Principal executive officer)

 
EX-31.2 3 f10q0313ex31ii_capitol.htm CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002. f10q0313ex31ii_capitol.htm
EXHIBIT 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, L. Dyson Dryden, certify that:

1.        I have reviewed this quarterly report on Form 10-Q of Capitol Acquisition Corp. II;

2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.  
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)  
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the registrant,  is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

c)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

d)  
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

e)  
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.   
The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

f)  
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

g)  
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: June 24,  2013
   
 
/s/ L. Dyson Dryden
 
 
L. Dyson Dryden
 
Chief Financial Officer
(Principal financial and accounting officer)
 
EX-32 4 f10q0313ex32_capitol.htm CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002. Unassociated Document
EXHIBIT 32
CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350
AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Capitol Acquisition Corp. II (the “Company”) on Form 10-Q, for the period ended March 31, 2013 as filed with the Securities and Exchange Commission (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.           The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.           The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Dated: June 24, 2013

 
/s/ Mark D. Ein
 
 
Mark D. Ein
 
 
Chief Executive Officer
 
 
(Principal executive officer)
 
     
 
/s/ L. Dyson Dryden
 
 
L. Dyson Dryden
 
 
Chief Financial Officer
 
 
(Principal financial and accounting officer)
 
EX-101.INS 5 clacu-20130331.xml 0001512499 2011-02-03 0001512499 us-gaap:ChiefExecutiveOfficerMember 2011-02-03 0001512499 2011-02-02 2011-02-03 0001512499 2010-08-10 2011-12-31 0001512499 us-gaap:CommonStockMember 2010-08-10 2011-12-31 0001512499 us-gaap:AdditionalPaidInCapitalMember 2010-08-10 2011-12-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2010-08-10 2011-12-31 0001512499 2012-01-01 2012-03-31 0001512499 2012-01-01 2012-12-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2012-01-01 2012-12-31 0001512499 2012-12-31 0001512499 2013-03-25 0001512499 2013-01-01 2013-03-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2013-01-01 2013-03-31 0001512499 us-gaap:SubsequentEventMember 2013-01-01 2013-03-31 0001512499 2013-03-31 0001512499 us-gaap:ChiefExecutiveOfficerMember 2013-03-31 0001512499 2010-08-10 2013-03-31 0001512499 2013-05-09 0001512499 us-gaap:SubsequentEventMember 2013-05-09 0001512499 us-gaap:SubsequentEventMember 2013-05-10 0001512499 us-gaap:SubsequentEventMember clacu:AgreementMember 2013-05-08 2013-05-10 0001512499 us-gaap:SubsequentEventMember 2013-05-15 0001512499 us-gaap:SubsequentEventMember 2013-05-14 2013-05-15 0001512499 us-gaap:SubsequentEventMember 2013-05-16 2013-05-17 0001512499 2013-06-21 0001512499 2010-08-09 0001512499 2011-12-31 0001512499 us-gaap:CommonStockMember 2011-12-31 0001512499 us-gaap:AdditionalPaidInCapitalMember 2011-12-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2011-12-31 0001512499 2012-03-31 0001512499 us-gaap:CommonStockMember 2012-12-31 0001512499 us-gaap:AdditionalPaidInCapitalMember 2012-12-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2012-12-31 0001512499 us-gaap:CommonStockMember 2013-03-31 0001512499 us-gaap:AdditionalPaidInCapitalMember 2013-03-31 0001512499 us-gaap:AccumulatedDeficitDuringDevelopmentStageMember 2013-03-31 xbrli:shares iso4217:USD iso4217:USDxbrli:shares clacu:Stock_dividend xbrli:pure clacu:Institution iso4217:USDclacu:Share Capitol Acquisition Corp. II 0001512499 false --12-31 10-Q 2013-03-31 2013 Q1 Non-accelerated Filer 25000000 2577 1047 33589 33421 2577 1047 165198 210289 167775 211336 20 41075 6906 6906 150020 197981 517 517 24483 24483 7245 11645 17755 13355 22523 517 24483 -2477 517 24483 -7245 517 24483 -11645 167775 211336 0.0001 0.0001 1000000 1000000 0.0001 0.0001 200000000 200000000 5175000 5175000 5175000 5175000 105184 0.2 0.2 An aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination. 675000 675000 675000 1125000 1125000 1125000 13.00 13.00 13.00 -2477 -2477 -568 -4768 -4768 -4400 -4400 -11645 5175000 5175000 -0.00 -0.00 -568 -4400 -11645 5175000 5175000 5175000 25000 25000 517 24483 4417684 5175000 400 2850 2870 -168 -1550 -8775 150000 6906 6906 25000 20 9822 -168 -1530 1047 38205 38205 0.20 1 250000 194400000 5600000 5600000 150000 150000 150000 200000000 10.00 Company may acquire a target business whose fair value significantly exceeds 80% of the Trust Account balance. 5000000 <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 3 &#8212;Initial Public Offering and Insider Warrants</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In connection with the Offering, on May 15, 2013, the Company sold 20,000,000 Units at $10.00 per unit (&#8220;Units&#8221;), including 2,000,000 units subject to the underwriters&#8217; over-allotment option, generating gross proceeds of $200,000,000. On May 17, 2013, the underwriters in the Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.&#160;&#160;As a result, the Company&#8217;s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Offering.&#160;&#160;&#160;Each unit consists of one share of the Company&#8217;s Common Stock, $0.0001 par value, and one half of one redeemable warrant (&#8220;Warrants&#8221;) to purchase one share of Common Stock.&#160;&#160;The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52<font style="display: inline; font-size: 70%; vertical-align: text-top;">nd</font> day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin.&#160;&#160;However, no fractional Warrants will be issued and only whole Warrants will trade. Once the shares of Common Stock and Warrants commence separate trading, holders will have the option to continue to hold Units or separate their Units into the component pieces. Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account.&#160;&#160;At May 15, 2013, there are 15,600,000 warrants outstanding, which include 5,600,000 warrants purchased by the sponsor and 10,000,000 warrants purchased in connection with the sale of units related to the Offering.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Warrants may be redeemed by the Company in whole and not in part, at a price of $0.01 per warrant at any time the warrants are exercisable, upon a minimum of 30 days&#8217; prior written notice of redemption, if, and only if, the last sales price of the Company&#8217;s shares of common stock equals or exceeds $24.00 per share&#160;&#160;(as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within a 30 trading day period ending three business days before the Company sends the redemption notice; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">If the Company calls the warrants for redemption as described above, the Company&#8217;s management will have the option to require all holders that wish to exercise warrants to do so on a &#8220;cashless basis.&#8221; In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the fair market value by (y) the fair market value. The fair market value shall mean the average reported last sale price of the shares of common stock for the 5 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Simultaneously with the consummation of the Offering, the Company consummated the Private Placement of 5,600,000 Sponsors&#8217; Warrants at a price of $1.00 per warrant, generating total proceeds of $5,600,000. The Sponsors&#8217; Warrants are identical to the Warrants included in the Units sold in the Offering except that the Sponsors&#8217; Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors&#8217; Warrants have also agreed not to transfer, assign or sell any of the Sponsors&#8217; Warrants, including the common stock issuable upon exercise of the Sponsors&#8217; Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business Combination.</font></div> 20000000 10.00 2000000 175000 The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52nd day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin. Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account. 11.50 5600000 10000000 0.01 The Warrants may be redeemed by the Company in whole and not in part, at a price of $0.01 per warrant at any time the warrants are exercisable, upon a minimum of 30 days' prior written notice of redemption, if, and only if, the last sales price of the Company's shares of common stock equals or exceeds $24.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within a 30 trading day period ending three business days before the Company sends the redemption notice; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants. The Sponsors' Warrants are identical to the Warrants included in the Units sold in the Offering except that the Sponsors' Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors' Warrants have also agreed not to transfer, assign or sell any of the Sponsors' Warrants, including the common stock issuable upon exercise of the Sponsors' Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business Combination. <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 6 &#8212;Commitments and Contingencies</font></div> <div style="text-align: justify; text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">On May 10, 2013, the Company entered into an agreement with the underwriters (&#8220;Underwriting Agreement&#8221;). Pursuant to the Underwriters Agreement, the Company paid an underwriting discount of 2.0% of the gross proceeds of the Offering, or $4,000,000. The Company will also pay the underwriters in the Offering an additional deferred underwriting discount of 4.0% of the gross proceeds of the Offering (&#8220;Deferred Commissions&#8221;) which will be placed in the Trust Account and paid only upon consummation of a Business Combination.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">An affiliate of the Company&#8217;s Chief Executive Officer has agreed that, until the Company consummates a Business Combination, it will make available to the Company certain office space and administrative abd support services, as may be required by the Company from time to time.&#160;&#160;The Company has agreed to pay such affiliate $7,500 per month for such services commencing on May 9, 2013</font></div> 0.02 4000000 0.04 0.006 1250000 The shares held by the Initial Stockholders includes 1,250,000 shares that are subject to forfeiture if the last sales price of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial Business Combination. <div style="text-indent: 0pt; display: block;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 1&#160;&#8212;&#160;Organization, Plan of Business Operations and Liquidity</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Capitol Acquisition Corp. II (a development stage company) (the &#8220;Company&#8221;) was incorporated in Delaware on August 9, 2010 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a &#8220;Business Combination&#8221;).</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company is considered to be a development stage company and as such, the financial statements are prepared in accordance with the Accounting Standards Codification (&#8220;ASC&#8221;) topic 915 &#8220;Development Stage Entities.&#8221; The Company is subject to all of the risks associated with development stage companies.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">At March 31, 2013, the Company had not yet commenced any operations.&#160;&#160;All activity through March 31, 2013 relates to the Company&#8217;s formation and initial public offering (&#8220;Offering&#8221;).&#160;&#160;The Company has selected December 31 as its fiscal year-end.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The registration statement for the Offering was declared effective on May 9, 2013.&#160;&#160;On May 10, 2013, the Company filed a new registration statement to increase the size of the Offering by 20% pursuant to Rule 462(b) under the Securities Act of 1933, as amended.&#160;&#160;On May 15, 2013, the Company consummated the Offering and received proceeds net of the underwriter&#8217;s discount and other offering expenses of $194,400,000 and simultaneously received $5,600,000 from the issuance of 5,600,000 warrants (&#8220;Sponsors&#8217; Warrants&#8221;) in a private placement (the &#8220;Private Placement&#8221;).&#160;&#160;The Company&#8217;s management has broad discretion with respect to the specific application of the net proceeds of the Offering and the Private Placement, although substantially all of the net proceeds are intended to be applied generally towards consummating a Business Combination successfully.&#160;&#160;Furthermore, there is no assurance that the Company will be able to affect a Business Combination successfully.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Upon the closing of the Offering, $200,000,000 ($10.00 per share sold in the Offering), including the proceeds from the Private Placement, is held in a trust account (the &#8220;Trust Account&#8221;) and may be invested only in United States government securities having a maturity of 180 days or less, or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, that solely invests in U.S. government treasury obligations until the earlier of the consummation of a Business Combination or the Company&#8217;s redemption of 100% of the outstanding public shares if the Company has not consummated a Business Combination in the required time period.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company&#8217;s units are listed on the Nasdaq Capital Markets (&#8220;Nasdaq&#8221;).&#160;&#160;Pursuant to Nasdaq listing rules, the target business or businesses with which the Company completes a Business Combination must collectively have a fair market value equal to at least 80% of the balance of the funds in the Trust Account (less taxes payable) at the time of the execution of the definitive agreement for its initial Business Combination, although the Company may acquire a target business whose fair value significantly exceeds 80% of the Trust Account balance.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company, after signing a definitive agreement for the acquisition of a target business, is required to provide shareholders who acquired shares in the Public Offering (&#8220;Public Shareholders&#8221;) with the opportunity to redeem their public shares for a pro rata share of the Trust Account by means of conducting redemptions in conjunction with a proxy solicitation pursuant to the proxy rules.&#160;&#160;Each Public Shareholder will be entitled to receive a full pro rata portion of the amount then in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released by the Company or necessary to pay taxes).&#160;&#160;The Company will consummate an initial Business Combination only if the Company has net tangible assets of at least $5 million upon consummation of the Business Combination and a majority of the outstanding public shares voted are voted in favor of the Business Combination.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In connection with any stockholder vote required to approve any Business Combination, the Company&#8217;s sponsor and the other initial stockholders of the Company (collectively, the &#8220;Initial Stockholders&#8221;) have agreed (i) to vote any of their respective shares in favor of the initial Business Combination and (ii) not to convert any of their respective shares. Public stockholders who convert their stock will continue to have the right to exercise any warrants they may hold if the Business Combination is consummated.</font></div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company has until February 15, 2015 to complete the Business Combination, or May 15, 2015 if the Company has executed a letter of intent, agreement in principal or definitive agreement with respect to a Business Combination prior to February 15, 2015 but has not completed such Business Combination by February 15, 2015.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">If the Company is unable to complete a Business Combination within the allotted time, the Company will automatically dissolve and as promptly as practicable liquidate the Trust Account and release only to Public Shareholders a pro rata share of the Trust Account (initially $10.00 per share), plus any remaining net assets.&#160;&#160;The Initial Stockholders have agreed to waive the right to participate in any distribution from the Trust Account, but not with respect to any units they acquire in the aftermarket.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Placing funds in the Trust Account may not protect those funds from third party claims against the Company.&#160;&#160;Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements.&#160;&#160;If the Company is unable to complete a Business Combination and is forced to dissolve and liquidate, the Company&#8217;s executive officers, by agreement, have agreed that they will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for services rendered, contracted for or products sold to the Company. However, there can be no assurance that it will be able to satisfy those obligations should they arise.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 2&#160;&#8212;&#160;Significant Accounting Policies</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Basis of Presentation</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial information and the instructions to Form 10-Q.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included.&#160;&#160;The Company has evaluated subsequent events through the issuance of this Form 10-Q.&#160;&#160;Operating results for the quarter ended March 31, 2013&#160;are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Cash and Cash Equivalents</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. At March 31, 2013, the Company&#8217;s cash is held at one financial institution.</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Income Taxes</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company accounts for income taxes under Accounting Standards Codification (&#8220;ASC&#8221;) 740 Income Taxes (&#8220;ASC 740&#8221;). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise&#8217;s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is <font style="display: inline; font-family: times new roman; font-size: 10pt;">required to file income tax returns in the United States (federal) jurisdiction. Based on the Company&#8217;s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company&#8217;s financial statements. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.</font></font></div> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company&#8217;s conclusions regarding uncertain tax positions may be subject to review and adjusted at a later date based upon ongoing analyses of tax laws, regulations, and interpretations thereof as well as other factors.&#160;&#160;Generally, federal and state authorities may examine the tax returns for three years from the date of filing; therefore the years ended December 31, 2012 and 2011 and the period from August 9, 2010 (inception) through December 31, 2010 remain subject to examination as of March 31, 2013.&#160;&#160;There are currently no ongoing income tax examinations.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company&#8217;s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period from August 9, 2010 (inception) through March 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Loss per Share</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Basic loss per share <font style="display: inline; font-size: 10pt;">i</font>s calculated using the weighted - average number of shares of common stock and diluted loss per share is computed on the basis of the average number of common stock outstanding plus the effect of outstanding warrants using the &#8220;treasury stock method.&#8221;</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Concentration of Credit Risk</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000.&#160;&#160;At March 31, 2013, the Company had not experienced losses on these accounts and management believed the Company was not exposed to significant risks on such accounts.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Use of Estimates</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Recent Accounting Pronouncements</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Subsequent Events</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Management of the Company evaluated events that have occurred after the balance sheet date of March 31, 2013 but before the condensed financial statements were available to be issued. Except as disclosed in Notes 1, 3, and 7, management did not identify any recognized or non-recognized subsequent event that would have required adjustment or disclosure in the financial statements.</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 20.9pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 4 &#8212; Deferred Offering Costs</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Deferred offering costs consist principally of legal, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Offering and that were charged to stockholders&#8217; equity upon the completion of the Offering (See Note 3).</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 7 &#8212;Stockholders&#8217; Equity</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160;</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Preferred Stock</font></div> <div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160;</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company&#8217;s board of directors. As of March 31, 2013, there are no shares of preferred stock issued or outstanding.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160;</font></div> <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Common Stock</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">&#160;</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company is authorized to issue 200,000,000 shares of common stock with a par value of $0.0001 per share.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">In connection with the organization of the Company, on February 3, 2011, a total of 4,417,684 shares of the Company&#8217;s common stock were sold to Capital Acquisition Management 2 LLC (the &#8220;Sponsor&#8221;) at a price of approximately $0.006 per share for an aggregate of $25,000. On March 25, 2013, the Sponsor contributed an aggregate of 105,184 shares of the Company&#8217;s common stock to the Company at no cost for cancellation. Effective May 9, 2013, the Company&#8217;s Board of Directors authorized a stock dividend of 0.2 shares for each outstanding share of common stock, resulting in 5,175,000 shares outstanding. All references in the accompanying financial statements to the number of shares of common stock have been retroactively restated to reflect these transactions. On May 17, 2013, the underwriters in the Public Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.&#160;&#160;As a result, the Company&#8217;s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Public Offering.&#160;&#160;The shares held by the Initial Stockholders includes 1,250,000 shares that are subject to forfeiture if the last sales price of the Company&#8217;s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company&#8217;s initial Business Combination.</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Basis of Presentation</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div align="justify" style="text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (&#8220;GAAP&#8221;) for interim financial information and the instructions to Form 10-Q.&#160;&#160;Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included.&#160;&#160;The Company has evaluated subsequent events through the issuance of this Form 10-Q.&#160;&#160;Operating results for the quarter ended March 31, 2013&#160;are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period.</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Cash and Cash Equivalents</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. At March 31, 2013, the Company&#8217;s cash is held at one financial institution.</font></div> <div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Income Taxes</font></div> <div style="text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company accounts for income taxes under Accounting Standards Codification (&#8220;ASC&#8221;) 740 Income Taxes (&#8220;ASC 740&#8221;). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise&#8217;s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is <font style="display: inline; font-family: times new roman; font-size: 10pt;">required to file income tax returns in the United States (federal) jurisdiction. Based on the Company&#8217;s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company&#8217;s financial statements. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.</font></font></div> <div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">&#160;</font>&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company&#8217;s conclusions regarding uncertain tax positions may be subject to review and adjusted at a later date based upon ongoing analyses of tax laws, regulations, and interpretations thereof as well as other factors.&#160;&#160;Generally, federal and state authorities may examine the tax returns for three years from the date of filing; therefore the years ended December 31, 2012 and 2011 and the period from August 9, 2010 (inception) through December 31, 2010 remain subject to examination as of March 31, 2013.&#160;&#160;There are currently no ongoing income tax examinations.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company&#8217;s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period from August 9, 2010 (inception) through March 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Loss per Share</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Basic loss per share <font style="display: inline; font-size: 10pt;">i</font>s calculated using the weighted - average number of shares of common stock and diluted loss per share is computed on the basis of the average number of common stock outstanding plus the effect of outstanding warrants using the &#8220;treasury stock method.&#8221;</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Concentration of Credit Risk</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000.&#160;&#160;At March 31, 2013, the Company had not experienced losses on these accounts and management believed the Company was not exposed to significant risks on such accounts.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Use of Estimates</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.</font></div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Recent Accounting Pronouncements</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Subsequent Events</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">Management of the Company evaluated events that have occurred after the balance sheet date of March 31, 2013 but before the condensed financial statements were available to be issued. Except as disclosed in Notes 1, 3, and 7, management did not identify any recognized or non-recognized subsequent event that would have required adjustment or disclosure in the financial statements.</font></div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;">&#160;</div> 200000000 The Company's redemption of 100% of the outstanding public shares if the Company has not consummated a Business Combination in the required time period. Each unit consists of one share of the Company's Common Stock, $0.0001 par value, and one half of one redeemable warrant ("Warrants") to purchase one share of Common Stock. Pursuant to the Underwriters Agreement, the Company paid an underwriting discount of 2.0% of the gross proceeds of the Offering, or $4,000,000. The Company will also pay the underwriters in the Offering an additional deferred underwriting discount of 4.0% of the gross proceeds of the Offering ("Deferred Commissions") which will be placed in the Trust Account and paid only upon consummation of a Business Combination. 7500 1.00 6886 172084 <div style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 20.9pt;"><font style="font-style: italic; display: inline; font-family: times new roman; font-size: 10pt; font-weight: bold;">Note 5 &#8212; Note Payable and Advances from Related Party</font></div> <div style="text-align: justify; text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The Company issued a $150,000 principal amount unsecured promissory note to an affiliate of the Company&#8217;s Chief Executive Officer on February 3, 2011. The note was non-interest bearing and was payable on the consummation of the Initial Public Offering.&#160;&#160;&#160;The note was repaid in full on the closing of the Offering.</font></div> <div style="text-align: justify; text-indent: 0pt; display: block;">&#160;</div> <div style="text-align: justify; text-indent: 27pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt;">The same affiliate also advanced the Company an aggregate of $6,906 as of March 31, 2013 for costs associated with the Offering. This advance was repaid in full on the closing of the Offering.</font></div> 15600000 105184 0.2 Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company's Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7) This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination. EX-101.SCH 6 clacu-20130331.xsd 001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 002 - Statement - Condensed Balance Sheets link:presentationLink link:definitionLink link:calculationLink 003 - Statement - Condensed Balance Sheets (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 004 - Statement - Condensed Statements of Operations (Unaudited) link:presentationLink link:definitionLink link:calculationLink 005 - Statement - Condensed Statements of Operations (Unaudited) (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 006 - Statement - Condensed Statement of Changes in Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 007 - Statement - Condensed Statement of Changes in Stockholders' Equity (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 008 - Statement - Condensed Statement of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 009 - Disclosure - Organization, Plan of Business Operations and Liquidity link:presentationLink link:definitionLink link:calculationLink 010 - Disclosure - Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 011 - Disclosure - Initial Public Offering and Insider Warrants link:presentationLink link:definitionLink link:calculationLink 012 - Disclosure - Deferred Offering Costs link:presentationLink link:definitionLink link:calculationLink 013 - Disclosure - Note Payable and Advances from Related Party link:presentationLink link:definitionLink link:calculationLink 014 - Disclosure - Commitments and Contingencies link:presentationLink link:definitionLink link:calculationLink 015 - Disclosure - Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 016 - Disclosure - Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 017 - Disclosure - Organization, Plan of Business Operations and Liquidity (Details) link:presentationLink link:definitionLink link:calculationLink 018 - Disclosure - Significant Accounting Policies (Details) link:presentationLink link:definitionLink link:calculationLink 019 - Disclosure - Initial Public Offering and Insider Warrants (Details) link:presentationLink link:definitionLink link:calculationLink 020 - Disclosure - Note Payable and Advances from Related Party (Details) link:presentationLink link:definitionLink link:calculationLink 021 - Disclosure - Commitments and Contingencies (Details) link:presentationLink link:definitionLink link:calculationLink 022 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 clacu-20130331_cal.xml EX-101.DEF 8 clacu-20130331_def.xml EX-101.LAB 9 clacu-20130331_lab.xml EX-101.PRE 10 clacu-20130331_pre.xml XML 11 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization, Plan of Business Operations and Liquidity (Details) (USD $)
3 Months Ended 0 Months Ended
Mar. 31, 2013
May 15, 2013
Subsequent Event [Member]
May 10, 2013
Subsequent Event [Member]
Organization, Plan of Business Operations and Liquidity (Textual)      
Amount received from Offering net of Underwriter's discount and other offering expenses   $ 194,400,000  
Proceeds from issuance of warrants in private placement   5,600,000  
Number of warrants issued in private placement   5,600,000  
Amount held in trust account upon closing the offering   200,000,000  
Price per share sold in offering   $ 10.00  
Percentage of increase in size of offering     20.00%
Condition for redemption of outstanding public shares The Company's redemption of 100% of the outstanding public shares if the Company has not consummated a Business Combination in the required time period.    
Fair value of target business Company may acquire a target business whose fair value significantly exceeds 80% of the Trust Account balance.    
Minimum net tangible asset required for business combination $ 5,000,000    
XML 12 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 32 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Statements Of Operations [Abstract]      
Formation and operating costs $ (4,400) $ (568) $ (11,645)
Net loss $ (4,400) $ (568) $ (11,645)
Weighted average number of common shares outstanding, basic and diluted (1)(2) 5,175,000 [1],[2] 5,175,000 [1],[2]  
Basic and diluted net loss per share $ 0.00 $ 0.00  
[1] Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company's Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)
[2] This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.
XML 13 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Significant Accounting Policies
3 Months Ended
Mar. 31, 2013
Significant Accounting Policies [Abstract]  
Significant Accounting Policies
Note 2 — Significant Accounting Policies
 
Basis of Presentation
 
The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included.  The Company has evaluated subsequent events through the issuance of this Form 10-Q.  Operating results for the quarter ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period.
 
Cash and Cash Equivalents
 
The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. At March 31, 2013, the Company’s cash is held at one financial institution.
 
Income Taxes
 
The Company accounts for income taxes under Accounting Standards Codification (“ASC”) 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
 
ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is required to file income tax returns in the United States (federal) jurisdiction. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
  
The Company’s conclusions regarding uncertain tax positions may be subject to review and adjusted at a later date based upon ongoing analyses of tax laws, regulations, and interpretations thereof as well as other factors.  Generally, federal and state authorities may examine the tax returns for three years from the date of filing; therefore the years ended December 31, 2012 and 2011 and the period from August 9, 2010 (inception) through December 31, 2010 remain subject to examination as of March 31, 2013.  There are currently no ongoing income tax examinations.
 
The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period from August 9, 2010 (inception) through March 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
 
Loss per Share
 
Basic loss per share is calculated using the weighted - average number of shares of common stock and diluted loss per share is computed on the basis of the average number of common stock outstanding plus the effect of outstanding warrants using the “treasury stock method.”
 
Concentration of Credit Risk
 
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000.  At March 31, 2013, the Company had not experienced losses on these accounts and management believed the Company was not exposed to significant risks on such accounts.
 
Use of Estimates
 
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
 
Recent Accounting Pronouncements
 
Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
 
Subsequent Events
 
Management of the Company evaluated events that have occurred after the balance sheet date of March 31, 2013 but before the condensed financial statements were available to be issued. Except as disclosed in Notes 1, 3, and 7, management did not identify any recognized or non-recognized subsequent event that would have required adjustment or disclosure in the financial statements.
XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 15 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Significant Accounting Policies (Details) (USD $)
3 Months Ended
Mar. 31, 2013
Institution
Significant Accounting Policies (Textual)  
Number of financial institution in which cash is held 1
Federal depository insurance coverage amount $ 250,000
ZIP 16 0001213900-13-003252-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001213900-13-003252-xbrl.zip M4$L#!!0````(`'%5V$*NMC<11#4``(>P`0`2`!P`8VQA8W4M,C`Q,S`S,S$N M>&UL550)``,56\A1%5O(475X"P`!!"4.```$.0$``.Q=>W/;.)+_?ZKF.^!\ MLY.DRK)(R;+\2+SE^#'CG4GLC9V=F;J[2D$D)&%#D1J"M*VYJOOLUPV0(DA1 M%"E1MI)X:WS=W!FZV/ MMQ>-_2WR]^/OOWO]'XT&^8FYS*:9/_ M,O::YD&S99AM8APW]_O6'3,`P\>_QERP0,@O6-Y(TG/:+?-K>^_ MBZHZW/V5]`I[3?4R57R&Q'U;EC3K[":.5M-<"N_$KR85R48^W/JP)LYE4+1&%`Z MGM;K4]&3O1^]F,/5@U.@:[__FAD+8>`7J!B\1?5'>X&#Z%#(H?&!]8D<5(>1 M"A8/O>;8]\;,#S@3VF!7#023,=06?#1VIL^&/NN_V9(&IQ%;DYT'86^19FRX M3CTW8`\!N6$6&AX2V31EM:SH)8?!$Q7\="(^7?4_&>W&!>MAH^964IZY`0\F MR=_4O6\<&F(R.V=H].'C=S%;&!IOY%$`:W+,UBM)N M!/!`:0+T:CNIG;R-GR3UFRF6*\K@TP?FH(VYIGXPN?6I*Z@4IW@[T=^:_8Z,>\Q]'E.J98(,1,VD`2#!^W>*"P$)O# M>S6/1L/DL#R76\=QG0)V7S=S*6N]H8'<*`4X#47@C39V%`"3?G`&':*+H:6) M57L_!6UG*[1U@O';6N36-AMGS-IXN1D-8[]A&E7D!M-(VWP,N7VZ":!A'!SG MX#4&DU-O-/9<^%,H(^.-1IY[$WC6YR_#M!2RHUF3+%_KL"%?CQJ41^UI[7)<[,,UPRSO-#0H5F+T"[^.->&W-U$&7"D%G9%!O#J+5B:UU>W-ET$;3V^K4+X/T?+59 M$L@,GG;5P=->UWR5$=JSZ?T"3.\&:T_8$^S/$$5Z!_]W.QDSJ3>9YU^(>N0S MDRA&+E??5/]/I]Z--+JST\[ZIEY]%#RG_S!@' M(+;)YHDMJSN=AG&P+N.AR>!Y"GT<4[#.[H0Q]MR=C]V=NDFKV;(OW9^?3@8^ MDQ&&BI[BO[[1WEY(6>Y-.4P);>LX\_`QO6PP$ON5)LJT&M8[49J=9ZOR^%9E M#7FJV*H\]^?CQ\W0H[M51W2G_A$=JT#W606>0@7VJJI`=UU&O64V_A&ZFQ_] M[#5::TN=0/1S$@Y0!L;FRD"&S>L+&39U#UQF`^5:5Z^>][,]RGZVS>S2Y[UI MWTY7/R\B/L4BXB,KPT9N&\MLQECWBE#)#4W/TUE=:KWF_345]J@]3V??3%<_ M3V=//IVM7QE*;I!Z-N4;OUQ?M4N?3?FWT]7/IOS)3?F*RH"GV#^Z?.8(.S[_ M_KO+_S/_^^)?US^S!W;6V>ON__&!_?V=WY9^X_W!]8N[N[5J?3L6[_ M=WC\TT^=HZ/N_H%YM'_P#W/_?+]KON[\=&X>G7/=I+'9$/D3)J MH!A2GX&0H^2T^/'F;*:YZ(:+0WA7O;5/(,9/ M-PAEVJ[-[T#YCK7"[\,17HKB^4N2GJF/#\^8ZXVXF]=L60&EFFBFT1=S+N>P M3ZJL:\^(5*TVIPM5E.TXU$2:9@Q?56SM$M2?!R'J\ARP6HFJ6@`_-E(-HEY` M5#5I`8[_:PY1I>&TS?G@N#=0'-N`B\,'6O*LBIYX]WR.7EZ^:\MA%0\NX4,/G4N71M]O`+FY0CK$\;2KOJ`DNN+"H\P>C_KE:%RO7>D/YZZK]>4W%I,X\ MF*"B5<1RS9M&XY^J;;UNMKUK.8U4PIW,3^GF4TUEZ22,7<`349Y2FD:FF7PJ M"D@%.O\T\ZAHS:1U]8([S#\%)@>>7U)3WWMN@UH6@-X@UX$]IMF,?F4SD1@@4BLE2U]WFJ]27)+J$%<\E" M',#@H7W5AW]!Z4\]$>3;DVI30,HV6KE0+@2A1U2*" M;K?;R?9!55(EF33;[;U"4I:\IDYS$M>$)C&/[5TY[W.%XM5B-.F]H M6,I37@O@4@+<-8U45RV'^2QDMYYV)&95F198W&5)E9+&WH&A*=-\4G4"JNLH M5=U\K65\F."*Z&.D6*W6HO'F0?=@WRP+`?TD'HQD2LFUD2*83N9:4+IVU5Z: MUCR^"VA=^]%T(%W`?U$GS`\/5N&G,HTE^-#\V!68T!5$920"-OID;AUW3-VC MS-!:'D<914UP[%;`,2?+7>D=M46(4Q;W2?`6+\I6,(]/ M@[[:.F,1.XW6;G?=G5%]_]K3*L]JF[.>6GEJWF]4J#SI27<]!OY+49Y:MH,\ MF?*L9X=#H?)D')IB?K1($N*W];@KF=3:(I+UP5LJ'5<%7CI:O*;^E2_[V98Q MSC7SY3K%,C+4EG\UN!!5&3NXQ)C`+0>A;M#YDGTTT&KYYR0,AI[/_V)V90GG MKCF9\9)3.:)UPDQ+RS"RH[>`9BW0RIJ5&J&M:%*R'F6G&)2BMC*@LG*J M!5`=AJDBJGF;)):&5I_`,M#4[K+W(;JX5WU5!*G[O!?"Z'T[N0&767A^T0Z3 M3H7IM&/N[[YNEJ6:()0DH#+CS_G%I#C3OY]JJO":`X!3:] M>2WA(;,_4N/%1//7BAFI`]Q3L%KQHHVG%LP9$Y;/QQAQQLT`T'\S*[CUH*4^ MXT'H,^!61:57;LF=;"A!-2[8WZ#.HXG%^:()V$2+HCK!80],-_B^"'$WD26#ET(;NY]'D"( MLQ-+JSI_2\OF]MXKN7UPVVPM(0V'BH`(ZD"%L<\M^,=3+S`&I^[DA2!"ZJGM ML4A$?X;4(6!HV(/%0%`_F&WP+\@8CPU(U^4E%83:_PX%;IP#BE$#8@QQH]B. MFXMT#1[XS/,'U.5_4;E*C@\LE9^('Q%0.866?V:O9)L`C;0,$OA4VF2;3@2Y MY\&0N_)5VVAHKXC:?!\7Z'NA3R:,^@)^@B+<8S%LWG(\^17-&1%P&$\+I`5?4B!H`OP,C-`I'-V"KK]%21S9F M5868&SBV<"5S)\%YVUT/U$7NK-A8*1^$,U5T] M!*^/ZF,*KBX6@P*GS^,F2OF;/I=?GJ9:7]5XI6L90W45S0YA0BJY&WS]]65 M6'A:+F^]RKZV_')O#2H,G1K!5HRMDAFKNYF@:YSOU?"Y'[>WJ\-97'I+6()NP?YV\4V ME>&5G/#TI*`=,3%R-E_/,J3,Q@HV(-Z:$$;M+I1_AGJ]>-3CX+! MW#1U_$^L@-\MK0F9X"*3@"I)>&UP%\5"G8[QQ'BKAF_[J9W.RT&&XKCJ+"Y\ M;_3>"UBL2C5;@A7(5#NT6X%,17&;G>R&V'Q:\_#H9]7/6"__I'8]$EZ"5)5C M_T6D5H)4L4=61X4N#'6M$EN(ZNF89>DM.P;*TZLZ,77FCH52'+(U@JW8GP?[K=:JB+$*7LL`_V!X-"*@B8"9GIB`5;N'2U MZN=-BR\TPI4V;;O8LL@7NUF_41_O=RV$/'N(\L M&VQ68*)^WJO<7;9)H)<*ZY<$G3?:+M4N]^NPYW"K<`)TGF(4R,W07EOES\NNK?4G_`@K?)"83%\_EQ M=(*!C.B$4+SM&[BG))`M)8<9[H<>N-Y]($7NY%5G@@]<4!P+3)8SBI@ATP/0LP%/;/1%B:V6^H...:"<6'A`Y,8\;A17.H M`_WP9@M/TO#^9(N(8.(PB!B@4H.[^,&-0V*,@R-BM8>K1UH^#X`@I]0%&W/2T(>XZP/41P9>-/AUQ!QX&?(1G@-@] M@6%(W>BM`&_TD)B2C'QPSQ25GN?8B@S:*-(F/]+1^.@_]UMFZR@2'%&2(U-C M@P=](N&16'H(LHDMQXB;(!S\_?UWCR@IB=W<,^8@T"E*-(K4-#&#`ADK0FK85RK:T`VS9(WE3 ME>H>Y1_LVR8#YD8K"F3@X^;7<329H#'[H65,D>^0JXC/KLZG3@Y`ID0#?]M@ M)G'#800NEHH\?0\5G%'+3I][4H7#T$H6R==CX0AF'ZH*69/F@)3U2N5+5( MN#I)KD0PPH.$GA\+)!95+OKD%YXN56H"JB@XWI@-5#R718<*TT?R4MSI4+;) M#^JV`S*FT6RV+8T*MC2D3C]N%1AF('U,1]PK.Y/2SZGMT504.8)XW1IBHBJ% M3$>0R^?MD,V377RT<1J)\2AQ$>N:&D]3+<)CC=`8`_Z@V6=)4!=Y8&0;73ME>>90R?6+2CA0$?X.3)L8P3D,! MF!QT+&2/@>K!N`O'Y"?'`T\!1IC_&;<07+K6#N`"E1N)U-"!YI!CG+?QVU`H M=AP*]X11WY%?IXJ8CT]_;NL6XB5])5L;^ZI4-*I0H\&ZX$B-W!7H$`9>4%JQ M0"_Z#AI"X,]G%N/C(#X)K,%3[2=6)&TM7_84@CYWL)G9ZB($7<]',S6^\NI@ M(?F'_U("GLB([#=^P8.W@H-U!_5&T2GM?FDIDCSRC7.(4I0(](G/')EII:X+ MSAMFQ\'_8ZX"E95L;"1@)LK5ZY^]>P8JM`V:2?J^"BNABZ>Z'-N8R$"H@0@Z M"QZGPS+%I&*C#0;X0?%XT;(6(S"0%LM1B929&]([U6ATVCM0)[BX"\XN_,:R MT3CS=/4:,G")U7/N1O;,BO$X24#SJ+(]9RPNFMXDM-STIY53GG2/QR"/-;G3< M&Z8QI;(<8GYU;IKV\6',G,.DB&8U2(E!S233,$1WS]'HWS,'1`WX@Z$`E?!& M,V8"[7LX&E%]ODOY?P!&?A])@]WG=ZR!)[91;>&W+Z@_21I<$71L5V0'X<0P M&L>O'`Z3HYW"FHI]\N?D8-9=PL`+_@?/]B+?YCY68B_9/+P->L1!FZ(Y@.24 MCG5F>D.!B.[]0-&9B1N64X'G^WEX^A^94\Z6KW((L]/W8B_\T7S@K]@7O]5= M`0S;>[&ODO1XK-[0G\KL8->C;P`/P'2!(X@W/ZC['*23"RZ1*?WPV-7!]^BD M`B39XE194$MW+XT$<.8"8!)!'A9"R!>]_? M3NP__I%W^T21FY?,!Y8RD.HB"7D=A4CNHQ#@T^^F+J3(&Z(KWE$A.9FYIF+Q MS10HO)Q[*9@ZT1`,?<:2M(RLV6/0)DL'7`@IBA^FMDH)_4@"RQ,UWOB!H8(5 M)2+]Z-MNLK*(M^FB!C$8\5;DB8#`QUKD-:<+9(3D3)`%Z47$VO1L,QXI?D^[ ML.#..R(]K%$O-66AZ%WC924]=,IZ$&W.CQV!+!THY9CG2D41)'KI4[=+QK_W M7`RQ0.ST)(#@H>T1X2GG5@N\+"J&,G;H48@"=[3X"P(&I5X,TZ[;,&O#;T6. MW'LA>'!CJNSCE)RR*6`UA=1ZFTT=I)1D)%97+M5(][S`T,0CX<\0QIL,S7OH MB"G;+.T%4GCY$,<@GAU:TQAC(0EM(.D@M\D(PGL.MBF9`VR.$[/T?7L,O"[F MYK$>$4[,>Q1LRESO2`9B497_E)1YSF2$EE!@YT6U M8IV%0L^FZW%-UPU'U:8N\T*!<6'LDQ8%">GTX[0DLZ,LA%Q:)L9!]-\8R'50_*2OTHE)+4T6,:YE&D%#L4C)S2Y&0T'*III]+FD^4[; M[&WI1*!QMC"T!1OO>!C9"94.1<:'S)D:LC@XB\,47_IR2:(%C,X8`\)`=C"N M7J/=P[@;9:S7ZB_D7TU>X"YZA`Y\O+Q,9M2\:;O@-PE<_%)I`!"3EO`I:EC/ M7DO&!6 M=<5K=M\&ZO(-:/*E^R3KS877O&;W;2S`JFTEBY9O/T89[#6OF"]:8)X%-:HP`J.A=RO7!TJL,U=D\/BQUC"@K>=UAF]XG2'W.LWYJCYG;$1% MSJ/9]M:[CCR%*Y>5O(5WQ?'RO"SP#2\+Y"IQ-9U,%#NN$%T)"*6UB6/=TUFA MMX$*&+-:B#)A)IXC8MY+W5S^6/MUYX,K8.#2/9VNJOP&=E7MZE-3WA.P9&9\ MV2IX9[G\,`T09;\^I6^+JQA9IC+PBB>##\D87I-_]$6LW+Q8VWK-BQ56:5:] M-OQY2:;4DDS1Q)2,C^)Q%*-H)X#C)-$`Z3O-`/QJ4 M="2SD4F5I.RHO_[NUWE1A[)L*['DX<5%)[8E\KSV/ONQ]MHNAK8=@1F*L0-S M@7F11_,=?TS3.$'PH'TQ7=92_(CRW&O;VI1%D+LT(U.H&4FE)MSBA;Z_ MT<1I.9'5Q81I4;/9<'D+V.,J_HIY_3B9T'U=J7'0=W%&+P=+'0X>';%XB%X' MV[)H5?2'8(5.$14`ID-^C6V&T)RP7I)4(%2L*XX3D:>3T7]KL?7Z&^[T68@Y M!FJ6]*?CUJ%X'12,8D>#0Y(\L$IT#!7E">O));FQ^]D!82:"WU`SF')O4^:/ MK)RD*UTEJPO`E[KE]Z4IN##:F/DR]4^KD1AT>B$2@_M,SBX35_1OXQ(%:2'= M*,U#IN8LD+F.]*6Q>4L1/BVFU^!J4UB@AJZ/3BW4PZ\2;MKGKJE'%:+G2I#) M[XL8:.?S#_#A7LTE=^Q57SU*$E(39CQT]$N[V=UMS@MNCY-F=#W@8`F;^/U% MU&W!U![>_*[I?;>D]]WJCO(MY\#K$^#,_@S]ZHFD5>#Z_``/P7N#'VI(9@RG M\'I=Z]L]PD=VD+M5XX<\9?M+=RE;"'\C<][LFO!JZA/UGC)823F_HV'_8,=Y ME5+M#33,B0X]FX`G!>M6T`T%@I!/V]&[=R#UH&@-:SC&;L<<<0()>A;MHCPY M_ES%GF<7+B9M!@_,^$H-9"_8!.=9[-QI>8%E#Y&(-ZK+9`G5W&8*E2D$^5_`6> MI59:.HC80@>3/44,AXW%7:_JK:IJHS@H!KT-JB#42[-%*>\,C?/8[T@;L>8#RDEKR(0W/`5RX\,NFI@JNPATKJPOM(&U)[Q-GG*\B/:DEB7I2U MS6-P#)_1,GR^XP&<]R'!2$QH20(5>!%]PIJX.!_BS@Z)C83.D1L9.?UT5BG0 MGB:#Z*1[&'GA$SML(O2/WLA)\JH+*O-W[`8$N63(*"B?:[H:#D9."]:+[M@?W8'*[555M-:G@H`U_,3'MU*(> MG3"Z)U+RYQ M`?`#7IQ1/`7_<^#!U7!S:K,/VN5<&#ZDREO M#UX8'CAM2$RYD(UK:?#+979#][Q-1>`8PK@\L#$&\+O1#+X87,"WLQS/$1J0 M#LHBS?#6GN4QLTM(\M_+^^#0),@=,]YBI2$T*G@5%?QE*I#-2IC!IN5<)J9H MU^&.8@\E!.9X5D49F&-G9#]P@A,)+)$(EY0>BR4]5A5?+WGFR3]*B&0ODO1: M4;B'L3TIH4_@1XI3%-$8N9Q2M@VM3KZ,K_F0PVG'WQ&4HOM"8`N(,(431KE* M>.`5.$5S77HYFB'4Z$HIDA*=@AGHYM"%W`%T*_3BO6-<%-"58]+:]GYX1Z.F M86DI,/?$0<>])UHL+[`!BN:'WZ-5OI8`XVC!Z1JJW7E<=B<:R)JZLI-T MI[HT@E-NQ,%*UQ!Q79I`Y-"H8SZ^51905\+E;Y^<1_F14QTZR@A@@+IDSJ04 M"-K4X$CO$J`<"@XR`B64&1%O/0A!!B\"VXT5.KK5DA:=,JC#W"NW::J^M$NVU4 M([8`_(#]29%;C=8G::,\IWJ%/9^$FMBO%HKNN^<`O M<#1D*#7NJ4BV-Q@6A=AVF`5-R\./2^P`M8A5SMY)6RI'!@DOL'%85^06]=[Q MYS\MOJ6M59PW?[PK]!-X>)R$TM)MF1LU&Q$=%X]KB+2!X1NZ5&R.$-5CLD0^ MD\+U!E:1I!]Q^)^F_%5CW^PLOE7]?(::7Z*0AWR>V,RNW3AREIW8Y6%(J[/% M2TX>/$QJ7BD^A:$M8_A@?0$8(H-DRFB/H'54C;C5F/^&GVAQ6OU9Z7B@/+\A MHQ&#CX);>5P25LBQF(28)<#>-XC)$AN3.LYB\\ M]@P>$1QO3IS(#+G(;!Y]32A?'/$50#&1+$W4$C_)3UJ,0=F#`:,D:4%W`TAL M@9XG+8,>'>/^E6F5H'+!7!;X$*+;<6/ MIS+\]@E]U)%<,D@1;!/V3O+![`H]IP$G\!6U?K,9'I,1"+ND.1$$HC\_&U@W M5,XH*M#069&#%C@V!G6:W<#3.&Q?K6F@\DDI-6!.2@RQHTV+%X*@1N'_A3M2 MREA];$([,L3K?%@&X.;V52#+I0LYG.16`1M:C.8BIFZLOK@D&DU6GSG8T,OH MP+X7@M-#=MN`H`4&?:"@BKIO4YT_2#EE[Q:TJ+.T+NA*+^XF6I5;NR&OL.(; MU8DK#YNXPAMH?WRF^+,`#?&$PI4EC%88D$6$R#`,-Z3KI(_$N,M`AY5DK<$D MP.?4E#Q%*QSB$V*Y@!NA_NWT](,7;Z&,"09)P0ZP0V,*,GN;1F)E M#J"#R<_12XLV:=%#'4(I#$91@Q[)XJ?X&@39#7*D^'CF(DX/O91*DSBX[]@?95T MP2-\Q8<-VN]K*T*'K!-*DU-?*#9W)'',SZ9KV=!%3)6Y\_%#Q&4EU",._D^` MBIKR@8R.#4X];ZVBQ@;"S#>`_W#ZA3<>X_V">EH7%*1%P+[,RSWTPP5&XGA3 M6%(`HTNPDM[%Q#`!CQ#'"2Z&B01M7Q/&E1';BK)[YI?V8SP#78:"/R>Y8U\< M9VG"G:,%=S-4TZQ(##Q(/BRE7V_5$*\*$%/^$#6=)JUS)E47JA_&#_A<(_)+;?)HAJY!-DX-FL'0=L!`=:*70QIQ/YFP M7X_3Z6<2\S&7=@*39LB<;<90>-T8PF4P*;^KK[V"FI>RU9;[[QS-J'Z5O@^V MZB@I1?MA;PL$0'/`#?X\07X1_:X!3!")J>,\IQ`$X6WM^E@6$TK*RV+%$=M; M9$)BJ2B'%>AUH+SC_B0I+K$&AN`$)>HL*MO"0M4)=+2PG6RT)UY"/K*$(1Q\'9,#!$@AL'EX(!,A(+I[)62H1N)(0KYZHBWS] M3_RME!F%IAA/\FMJZH0#707J3<.M3:VTHBU04`*7X+>$-N5<'(7Y"A;4P'.] MIU2_*XBF;Q'=X_2>^*MB!E@M=GSH^?>,&X;/YPID,6VC=R'!-!')0CYO5Z)5 M?06!`ON*!&:/!68/!69/TN=]C.@6TEI&:-+B*R<1"$^C@/,,WLR88D>7!0=1%3F.F`N.J>JI=&>B!Q50^BO!,`:D;K:X67KEAG$G_;AO M?UJ771T8G86X$($.$H"\5:ELFJ)S+FPB55)W;DOP-QZB M87N%`V`5-I@B$^\Q$_ZI/[`B2P=T@]R*- M:;U]S[PN%"FZ7-AZ)YCS-KOG*%7G\4T7L4>6Y2EFL^;2_5!BYS5&SD)1/]UV MA1!H\+>E_2#7I3('Q\!T@R8@F7,*Z$-T&<.AN5%L!3``N^!HN<1][1!TVH`& M1R<3L6<+[1M6%8;*L8:?30DI@AS-.9ZE0C/"D`7JU:T]=M%F=)D/*I>Y:]), MXSFWF_CSGTPJ@'@\]'4_A`>)SJ+QX]HNN>JW24SPH4\E=_R>6$EAXPE;MMW[ MLC7J"_/#`P[8V(+7U5Y4?53B;1D&DR>#&3?TGA6FKRAM._QJS_3LO+4U*9G] MR83`LY61$F+Z:CIS*O=,;(MB!POO\)[LE3X@`)$"7ER!C2K0^;.!<]NY."%` M4W_*S[U28,@,78Z7[3[.3TG-G(&1K=+2MLTZXP#EQZ3XNMV[M#5*YZV74LIG MCM<^S1`0SRAA8S@[004N[[`;R-J"=Q`9DB)!"-"O*:6J\P(4`@@FLUI26HMQ M$QQ_2YR/@1*R$9UODZ18`,#:5A%J&%6!HH1^82:K2-9N83RJ3KFCZR8T]M#&*Z@OWI7@# M*TN,V=N],UNCG#Y?+C16#*8+N/@6D4X(%V"_+8C7"@"[@C%A>-'I%8C^(+9Y M,$?&07R)$EWI\R"5'<5,EP-SLHNM%\XV2C-T[?HM3_@YH70N.68"\;+V.Z47 M=*P9CB%:% M=[4'\\TSZLK)IV.[=VIKE)H3?S$)%#$:1&VDS&1&41D*PPQMN1-2'QH^.B\E M5Q@H13)RPCKQ,",]QSD8X1PQ\1CM8*4FO6L0ML<G:?D:J=/H.W0-TIO.RU:>DK M42#MZ`WW3HL+;5RP[?,[@<'A??N<63INN8;.,)&^E-1S;S37NDDC.Y"A(X-U MM[^I0K+=!#`MAMQ9/4HZ96J41:K5K([5W`\"--.W.6%>5]JXJ^ M&S2RUVF?;(#2H9JB`[=%6V3:4AG:'EK`302E;J`V,:MG^$X'N'HF=&+X!R8$ M@YZH<3QI^:W%1DJ"Q*^&X7.^8Y@F*T]'!]RK;3H4*QS M3?:/_B";OX%7406C*0"@_[&2)RL2S$3-S&O3@U-S&C0W$S/?Q9K.4?J7=Z2# M.2<+Z5,4[1XJC(3K9B$X3P/_-6!ZVR-PJ+!NB*"("VT!*S7V'@2DGX%GS!A] MO.<0$A6=!E`_NI)>PS5KI\EF-17_V\SD1KG'6R,+6ZL(SSA_O78M^(?9^0V< MZ`I:T&4HKX%)K*0$-TI;/.&(38#>D>K(["YU-ER[H--G3_P1NQYO3_DI4Q0 M@]1F,ZL3AM6.IK:%_I M6_^UOO5=@8XCOP\C?K#3[KGTP`K)=UWHD>%4MK!L1`B M;$7DF#;)BI%WO4RW(K0LJ4*NRCR+-=LXPDFU8P_OGTAF$KO,8*%.S#4?<@#F M$9QN9W%#_<^K;,W"=:"J+$55$B>IZA."3IMIU%1S%;)BA'3L$=\>APJG#!4- M@3JX4`QWHOY(!%GJ-#>25T/$;4(73WEE;T>1:P9HNY"7X,K2/@96K);L8D/Z MGOJLM7_P#JC>8BSMA;I*B'K5N)0;S"+ZH/-1):8]Y__=M'CU)ICG#=]2P[?4 M\"TU?$L_E&_)*OG5]+6KX9%NZ#0=XG\5$S'1@X)>3[P^ ML*%P>@0MU5`X/3*%D]4GM^@*+^_FLM@@]Q#3$'T4#IM&I31T39NB8!JZIBVD M:W+R>_6:QE5(7PIU/C)D0XT.:IB8'EOO-$Q,3YB)R>HG7_&X*NEW=>,@F3S> MH#7@4)^XTFJ8ES9"B37,2]_SC%@M;JP%,R+?^A)L-WZ><CB^XA*+XY*;Z+ MROL^SZ?J]%M25'__3TJC[2",EI_XY=/K'7#4!V#\38I?=SH[+WL=^3\[F;JQ M63XM&!B#SMYF^4=P_]D0/Q^=V_`?%\)]XOCD2KK<2?_\C$E;_5BN.^W\U50+ MNB%(+K>3,&@RJL0,^/['H,?LZHJD-0X6=.EC:.$HR#4A5KCF)+KCI%WV,81$ MR:?1]5EE/>ZXQ2_?8!GK3!Z.,1[./*7*UK.6W@*[)8TM6[FNR]E90^#W+^/) M2#\+=T5=D<:1\&ZTN_-O"?3N/$,UI$'@_KO=M[4MRU-E8;P`B4.`A=].!)L2 M6KLS.*39U46W.$ MZJ<](B_4?&@TX9+TVO9,CW.*TB,23@U-+%Y7D;90:?YTH!D)?)00@2X9-1;/ M:RMY'8XO!S%J49RUHSQ8>91P$@S5&6U80?`+.!4<0-05N*"!!S840`I&NTV< MS,6%R]*)\(H9Z155$);@MN/@A@^.>[8$.G&:#D^'5TD*TI)31=$;20H_PAE; MIJ./#UWU?,O@O:P'8@3/1R*@Y_E'O-;><%6V^H#UP.:/A?PU+&!KO('@'Q>@ M62](2[H3[>V\[+;=B=YG]%;K?N!<]ODHR"6W@@KN5??D6Y'\DB83,#?RF=IY MOL97[2_=_J,7+XZTRES^J@<-20[XJJ/J'OU=>J7VXX/=\F,7$> M>DR<]"M8:[J!45F>#J^Y:HK"@1^%V/%#G']_PKXG[_WY^&?B?(BCG[I"PV!H M.R6L"[)2J`'5JL$-B;=HR!TDDEY MZ)ZHPNF\#83SA_19_+9U'@!K`M1<%K?:.(Y/]IWM&78]JW?CX5'%I[YME/;F M_IV`-^BM<#M$GX1:;&\/5P)$]NLOFO?A/?P0?:-?E7!J?MV!N1`R M>D=^FV> M(R9]3S]1?QW-#^_E^CW9KSMZ$2_`HLYR<,Y@T]J=S1O>OAE>SQO>'7;CH&XW M#AYSN@>;O1OAX:UA-P[K=N/P,:=[N-F[$1[>&G;CJ&XWCAYSND>;O1OAX:UA M-X[K=N/X,:=[O-F[$1[>&G;C1=UNO'C,Z;[8[-T(#V\-NW%2MQLGCSG=D\W> MC?#PUK`;W4ZMB?NX1F1GLS>D9GSKV)%ZI^-QO8Y-=SONYG?HIWF#`U\UF^4# M5=D!=[*K>YW.>*\F\*AT#-YKNO?ET\Y+[A>Y1=/SL[\^]/7C8INRO:5,HX":56889 MN!K9._+9BU?C"0Y2,&.Q&-=(<,[-4!6[&6:DNRXREZBXV[O'`*I$Q55R\9\; M?N*?+2MQ7Z?`!UX*?.'(^K]Y#S_0;_'4);_@_\*/_P]02P,$%`````@`<578 M0E=]DB8L!```("L``!8`'`!C;&%C=2TR,#$S,#,S,5]C86PN>&UL550)``,5 M6\A1%5O(475X"P`!!"4.```$.0$``.U:6X_:.A!^/]+Y#RA]#N%R'KJKTHJR M70F)GD6[W:IO*^,,8-6Q?QRZW[UFE\>/_W7^\X$]\G1$,#%83N.7-C MPFO/6RP6S>5$\:94,Z_3:G6]C:"SEKQ>:K8CO>AN9-O>M\^C!SJ'@+A,:$,$ M_:5ES:3IM:^NKKSX6Q35[%K'^B-)B8E=.(JKD2EA_W,W8JX=$>IHUX^FNS"J'G:!:$W,*.Q^8*ICV'A4<)IQ&/XS!" M,#LP86D`-?T-4&OLW$GCM)!T9QYNB9!J-Q[)-'&TIT1/XI!'VIT1$F+HVQT/ MN-&;$1NXCMMJ)Y%_DPP_];6.0[:VS,D$>#S?T[Z`]R+`!I%2(,Q1?#_E]CGK MJUW$1-&-,?SS@+#=W$TD/!T%06S-90:"C?Y4R2`]5LF$,A>I5#XHK`Y8'"*- M*&1H9R#<:2R`S>8&OW+*#OH-3`'A^7=3_,1J-9`Z-SDRY"M,0@;BA(S.43*\ MO7KP!Y2($2,3QA$:%%B.:<*EEPY*922,'I,5F7#H"Q]'5`3^29Z<9.5%,S[; MK8,2=(I/E2Q0$7R1]X!!!G],5#$F\Y1J0ER>"X5K5XD\_2L-;+)L#S8G6K,I M`_\X<2=9J0F3)_F44-O]ORT=IMB#D?3[7'*,D/Z$*,TJ)Y/2A,M>$V.5[#UB M,%\)CR`'<:KTB^9X=L#WQ7;R4`&@12%^#@4K0D9A\"KV##ZOL_6*,:$ M^4,QL/7'0LK>GV5IU(273/R%BWZI!\-GX#(,L"L]&#*#3\*`"A73@`;[QFI!^"5>3_/@G.S_=;Z\Q,,-MC1T%E/G;CH@>G[+Y4(_"A+AULBVH=]^R,FW6]+# M3CZ(LF]DP%@08R6?&7KVXZS*NY`YP4CI5TY@A@)) M@)'41WS8EGO1M7PZ*0?72;O>5+%/(CX%Q.YPUY_HGYF#2GK[T0?(8NHUI[&8 MDU5LIH?(BSPRG,1W,8.O+@.*N5WQ*^(Z],!;)O#`>F8/3#52_A6SI`"^OL4$ MW7YHR+UGSE*IXH+*H>KP$CK+L2HVR6VT6\]"JQN8Y!WZ\]5>$8.'SE6Q&6XC M'FH=V7LP+'R_;N`+4IFA^XKXS/#PLG??*2?/>.@)2\&Z)Q7]P5,QM9KR4\RY M\ZZ=?_Y2%/_Y`5!+`P04````"`!Q5=A"#Q35H,,*``#HF@``%@`<`&-L86-U M+3(P,3,P,S,Q7V1E9BYX;6Q55`D``Q5;R%$56\A1=7@+``$$)0X```0Y`0`` M[5W9I(W%D1"$B84H0"DEWS] M`!0I:P$(<(%`J?2F!;BX!P?+Q2$`_OSKVSPX>X&$(AQ>MYS/YZTS&'K81^'T MNO5]]-#^VCK[]9=__^OG`(5_C0&%9RQ#2*];LRA:7'4ZKZ^OG]_&)/B,R;33 M/3^_Z&0)6\N45V\4;:1^O=E) M_F5)*;JB2?Y'[($H@:#TZTR:@G]K9\G:_*>VTVU?.)_?J+_RBZ7QHU4QZP:^ M=)9_MLYX?0'B$1S`)S@Y2S]^?^KOYD-AU/'1O).FZ8`@8$5Q)ZZB]P6\;E$T M7P0P^VU&X$2*,7.`N_Z%._V)6^M4\(9]AB%O&FT?3D`<1#7ZMFN[)D_Q'*#0 MC*-+TY7\3$RTYW`^AJ1.)S?L5O%PQIPA7CR&[17P&OT46:_B;8BC7JU=)C68 M^)0YI#+N!<"+F0GGXOQB.5Q\NL6AS^!!_SD"$61(H\'D=@;"*:3]\#G"WE\S M'/ALW+W_.T;1>^ML&S'WU`,+%&%FG*6AB(]OGST\[R3`BQ90%="`3$&(_DE& MV6$`0CRYB2D*(:4#QFCR,P6A_XA8<3XK\`Y&``6T.+"R!54%V`^9(R`8QN,` M>8/)!!(V![*"^JR1LGK\`Q`"PHB6QE70?E4XWW`$A^`=C`/("NGY+WQVI1." MYT\P8"W&'P)2@:5BYJOWIOD<1;R1<^I9TX]8W;$X!<'R?&C8K.KV;C&R&B7`\3L;B":#C M9$".:7L*P((-S$ZW`X.(9K_P:NVVSYTT&/N4_NRNO&*H89]]I%DI`1C#("G; ME2=V6;3;L>7RB/<='7>3A*Z3NOK!=(]L.LVFQ,Q<.CL6"C=YW]6IL+1(K/(6 M$]8NKELL1TR9)WC!?0:LN+/EE'OEL2['&N=]D.1CG0I.^8?6ZO\`LX9WW8I( M#"WRM&S9;+18X)`/%KTWI-7*1/G/>Y#F]_[ZQ4!5PM9/6_<$,/Z*%\RXWTMX@YD3H?7,Z3L_WT;+P(4!LI7#+0S40 M*$G)S>=^.2""E$A2LIPFL.5Y\3Q.5C^L3R,/1741LIW6_'@P/(M>;UB'ZE,:L-R?=>`@)POY_01##;_`U^2=_L:21W[T\ M&+ITX:047C27PF7+J\#AE@'7.;?+HB8SA8@586Q.\/@-1OW0PW/XB&D>@1OI M7,>,T&2@M^WZG=;]#[+*[VS*I":%T[)/,?;=^^,QA7_'?"W[HBNC2K)8$5,W M?5%*JH+D5H35G"J4#$`2SP]=9-V"QI4S^.9GM"/L&N);'[+AWAQSV!\E+N67 M?C@DZ`5$D&'U8+J4D?1>30-VY&"SO;4`]`;)R3U*843_`P/FZHC$-+J-"1%3 MK,IB1S0VW"7SP#9)4@8!&RD2S90U.`\.(4F4TKS@5I+%DFQLF,=S=W2$54GLR4!V>APJHT[Y>Y+`P3H@MO- MJ[*-F*".S7.E)VO#8A);P-`Z:J)#<@3FLXBO5.&JJRNTWP)13L$U0*; M\GIIIM=E/F>]W[]Y?U[@D&*1#JG*XCI'(XXH0*X6ZGMBI1_>XC!D:U%6R!\H MFBVW/O!H2KYH+V+$=8Y&4RD,.^/2D.J2^?,$?0CG_(E@,H8K:=M*[SI'(['D M(-'-MDRS3Q=TCT"L*0`UHW2/,DT: M(HA98-F!DW4BEECSMQ8-V%$:M&"KRT!I07+*BR6KEH MP9M!/^;+#XEW].9]XQ_530QE[-FXJD&'#/%(5QKB@>^6U4.KV$"K;Z01-S^4 MI5K<SHUA5[6)Q]3VVQ>I=S5T3]]M6YJ@I.VQ-D=7`W;:W,P0G M;#'KQ1%Z88/,A"UGB?IB7GDNNSMOQ5U$LJ[/!V%T>]]:?-G[B"\?MN)+W7VW MI:S9O2"B>.Q3$6J#+ACE&&@*8LUK!&DB-:$)@K[Z='(!*S:WYY8F3-QI"Z)N MSN1X%\,1WO)8R;$\D\WMOC53F@]2U6_W*`IHO-6G^LRP5DAOJY"\!;Y^YIJ. MM.84E7^,595Q_T=7=6M--!_IH#GP1?<1'5'584NBN)R.I9Z.I3:2I:8LFD_' M4O/0-6%Q?##'4GM3`I.I4#+/"%(96LT:G5LD,,R>=UL5)QUSA.E,+2&5LX&D MDG)K\L/E_333HE5I>\BN4J>U#LWJJI6.L\)T-E?%@M:76Z$?'AMMI'G#DJ:\ MJ&_"YHE74ZNX780-DA)79W"9OVL@^L^9G?;2CM=5<-63[%68;1&^(8CJ3DOJ&;:JQBU>CZV M.N65H==R`8&<[M7;(ED$!`F!?C%BM;);/3Q;`X7Z(!MTI^QO,(2$@>//,N:L MTCE&_D@XO6<\9S)5Y+1Z3+:.654'7X->C+7[:LG3JZ].K[XZO?KJ()_8J#@Z M/:7Z4%QZP:D;APAUZ0S^+G M)_XZ@L%D>>'7\HSC`R;WP)NM7:11X*J@.HS;W(2HQ8^4V!J`F]U,;.VF/(N/ M6TI36@;D?JX@7?JRNE\S=2@FD+^5Y^8]/8ZY#ES)9'&3-A_A5.:T'%R5;BA0 M,#KM7)(MDU9_^\_-V@YYP4:9Y]L.+ MMZ_>O$`XB_,DS1Y^>/'Q_O+XCR_0?_[XK__RITV:_6,5E1@1AJS\X<5C5>V^ M?_WZTZ=/KSZOBLVKO'AX_[Z+G[$ MV^@XS?P013LN9!.M M\*85]>+UC^@`VGU'K7_[A[YVU_1C117'0_G=0!9G(CKZT/`6%VF>7&3S5!UQ M>]7YKHJ*:H'6/7Y/>M_G5;29I7&/TY.N[_&\L>WX?(TI"<5XWICN.1WJ6HEZ M6@_D?@3I/$)_OB:?/]`,?ZYPEM#PQW]+.36QG,=`.@>PJ2F/!\(V=#+(BZ&= M\2:*:V+,VV_??-N$7/:K7\_SN-[BK#K)"/"KM'J^RM9YL673R!R[PN8FQE-!_[H3K1RDH=,L,25CK!X^SXX]V+'ULV M%&4)XHRHQXE^:7G_YT]<`7?VD*7'*N\\/A2S3HJA1T5%W"I'?IRPJZ%X'>=D M/;.KC@=?V;K(M_8.U.B26P_*:V-\]%<;)8Y?/>1/KQ.<$I/>?D-_H-#YYOC- MVW:]0G[U*__<#_@AI1^75>^C+99`14WJ`1@:/NI`JU75Q4U57SU#2%BE(B0PGFK.YW] M.JS"*T2/'1,>UF5/2&Q/:'R_W$0/"E<=T7ART;%FXZ^Y^SNB!!`.N4Q#7^XG M_8;[;C-H\S<<%603?$ZV%0K/4Y-[2T([V4^Q7Z=PC/ M7**?+_>3?;=]EQO\W8^;=5E#3(C,@<>D/EV8@\?< MB0?T(&X\U'C*(9J@%H@KN],=QITEWJ)VZ#ZQC_349;K!Q1F9`Q[R0I^<&E%Z M34V-M50D>1@9:NG@LE).U/6;D)+Z@9B.&I)YR9_FVVV>W55Y_(^[QXA\;3=U M16]MT,LB^F2JEM%O9E5O@RIER;@08SM"G!'U.`&SKE[L\9R1-?`S27I6QS4/ M'NNH7#$[VKLW#"-X4W6W<<9@:7[]ZUU%@$FGDIOU99I%69R2^20OTXE#93MV M#\"QM&?L;J?1AE[J(AZ&<54"GB,OM*-C0_D:=8RHY00^29[C="U^K'A]H^BD M+(G;&.!E3.@1&8*.PF$#(PC`]Z^P0BL].:]YJ'#%Z>!=6>(?<)6HM?0*X MCX8Q7MG?0.<;TWD&;GZ9GE>.$+O_'<2<(M&6*8?B,&<4HYG$NXN>XS4FGYS< MK,F_)-ZJAW+U/;IQEH?&;NS MG!@F\DZ&7(!8JPFR`<1695"5!]/%RE6]ATAN5?,?Y_4!WCL$KM-HE6[2*L7E M29:P[.ICODEP45[\5J?5L\'^UUR$1QA9V#7VEQXK?UG"&`+8+"^QZ>KD].KZ MZO[JX@Z=O#]'=_4 M=$PP&)K.T/2(0THP6=G0JMUC"@04AODF#8?WM54+$1XW[S7^#[_@#>LE$!4F`%/Q^1S&Z_37=@4UYC@!#7DJ*'O0.1^ M6])[R^_&@I/DB9ZGEX@Z*8K6:^(ZA!&M\X)O\.DV)H]39M^GM'KL]O]@"0O; M+ZC*4=%\03M"#W(7RQP90MY"S>$;UN_S"K?Q9J31AGA)NDYQ,HUS*RD>@6]G MW=C1&'<[NQX%%A&6F79+T!ZG.YK1V-(IAQZJU&0&C6N:#MP1'T])B"B>448^ M!I&?Z2Q+0!=E^W@"%2R6?ZG=&B*D,#(#B>.X8B,"?@MKM74%WK(:;E6!5]A& M>@\/KC;J3:J?A*M;G6$WUN8;:O^W-_+M-JWHU3V:VCK+LXHL]S"9`[#NY$++ MY?.NAU9[(0&SIV:[Q`$]V-V012;$.A.\WGN8]B/A.H2&Q?^-ZQE'$X$<1EBE MZOO$7[6'#R=55:2KNF)K'[+')8N#,/*K"TS#C!SV0K7M.4-`)PNW17.&SG3Z M*=K4LK?I6FJ/$)!K*VYNVGL-S=,51GB$KM@V!LK';74ON>Z_>_/JS9LW;^F5 M-U32%RM'Z.T1^0W]'_\%F2'JZC$OTG_BY(ALV+)NPY87*(=]KF/@9F-PR$@A M5DO-*Z$I2(BDGM=%(SUE*XG](ZX@D&"N]1@#48&>N`7?<`3(4?`?Z/=';__] M]_T_-HB@:ZD>)%Z^_?KE-U]#KZ=DGB9;1`WHO)_$)0E[YA-M;J,TNBYF-YQA#,P M!;G_RZI/>)/OZ+;EKHH>\$56X6)7I"4^Q^LT3JN3.*ZW-4NRG=?T\&3,H3L7 M-!$:X:[8'&19N>-0S/.&&)SW# M2[>&RVKQ?T&&^[VA["HPB->9%TN&SZ=8Y5&`\R?+\B;`ZP(CFM,4K.B/53[NW=$U1`[B7=&;ZRK6$39^9I\V"N^AN=J:I8`WH8KO^O+-W MH3V<$T]3.WATV8RL"2=$>C4II-OY!J>G<*1UOCC]:/"2+[/,J_)178YR'#2Z5,>J,^P M*[EA8<6KZFL`CI"-?8A"$<4JD)T%`8>I$)#!J.$""@KS!JS`D, M!GU-3A4B`.N+NC!FB(T@;RM,5A9)%A M(>U*+/Q-<[TAF/V(4"K8:#.BY8*!B\':75KJ&7X/,LN($'2`A(!RK2YS_X!NR9EI']HV8\)I)OT=:(-AV;_`C`W2Z_5+<;GK!["K MF&='D/L)FU8%1CSFF%`VM']?;U>XN%DSX?11#KOA@)/3Y[M=GI5[.3U?-^;T MULK>Q`KA!3#C03=K[NVHQX9.GU'#"-/#?HX]K>=SEX][UJQ8#X]=E#U_51[, MKJ1IA\1:RA_BB\K7"MLPZ^A!3"NYB%<0&+=$4PMS4S8'2&%FJ3=GCVNS(*Y-,\*EA=[_.TP#'Q[)+5JL%T MH'I3.`\#E"[N3?9``>VP?M0.U!$JF"/M8V#SD,5\?`"CHM/(,XR<;D0[B*[G MN(R+=$=]I=7@KE[]G;CQ?4Z46..TJEELY\\:;C)9SG6^*&]QI5FZK;=WT0;?%FF,FT6.><@P%^`M8%C8-/:SAA51 M7L28]X=/L$EJ/;B[3=.P;'0VZ4+2$\>7/)MJ2Y=&6`9#7I>MT!^_" MJ72*L1>+A-X;6."*0^DZ+W6^.Z+SV81BI*%PS057J(EI+RG)UXIZ,V#]%@ST MWY`_@39/D'F!T!YA0.3;47_&Z<-CA9,3,NS1`QY<_>D=4Y]&91J?9,EYNJ$W M@30>/5>@1]>?;?/8QUI!J)&$1I?X!N_@CA`3R()J(Q(*.^X'(&H&(.LNQ\6# M^W]Y?QQ6W3@D7#*"KWBZ#`=C3,^4YAO\%U%!JT*5[6,F[-^W<597F)LM,=!7*)QHUP#+B]UK+V<71@(/@-F:@KCSX+M7^BVG`G-0#A2Z2\LSUISQL/XNHZ+U)ZOI3)>TYVJ,1YOHU28=7=SZK)Z7WF7Q4: M3SD,^H63@GF\<\6]9E-U?B+D4*7$@#5LWF&:Y=&XM806IEI-IZFN1`WZA9.Y M=^6*K!UMBM(`JVM?1<=(X4#*Y`R]5E,;IR$,I!OB)-@F^.`[(RJ=9-0?\7C? M'Q'8$GZ?1#T2]$S>4='K3\8[ELG;E$W#Q%*03]S8VBAX7[^C8=/S3M79 M$!Y:2ZW]4KKZS7-=`8YV4L"V_M=IAJ_(CT;[_1XQQ":_KZLF^T/)$*.#W]5%3ST$S;H>&E@A*-S6 M$05L?FBB]H&5-8T:!_,3KT%$A4LAA@B$(#UK^6DMGYUOF5>Q8O/O\2?V%_W$ M:,3ON[.M@47R(__F>DBS!N6L1[PYPA$B[)S`/3Z,$BYS3>N7`T9EODGHL^MV MPWH2_U:G)7]'^2[*R()LR_KY_B3KH.!O]>#`TN:21D06W+M=D7].MV3&WCRC MW[UY]>;-'_:W4^EHI!D9@5&C740D7>)544?%,_KV"!$(O7WY]FL$?&?<"K+2 MMK&3S(%$(1X>%X0A00!\'!)ML@E$[=P7:"2:-FY6*`)>DSBQ]8#!2#5``00E M!8(-H]*8&_"JV%E4/EYN\D^EW0TQ"1O,Q3"9_OK[8(0!,8ZPKG[9&9(;&@)T MSTOI59KK72(/P"MCJL1MD=.;G\GI\\<2)U=9]_SY)*[2)]ZB>AHL#RDDI"5]G7:/].?R\M`-`Y,;V'/HH$J:W`;Z5G^K+D0;6M M)/\'M7^ORXJ5/+G//V`Z1.D&#UZ"W^?NH'V8C_-Z+'R0\1*/8+N/H04.N@]" M8C&$^_P+#"0`PT@6T44WC-U[5/);^G-,1W#7CN"*C&!-1S`E([@O.Q(%$9X. MB5CQ^/P`GP50M*K`48G/,?^WIUVSRS2K8V4LQ&]I*W/;)(6B&!-ZV;)_3=]Z M[$-&=X$%/%XLLK-]QY)F?3"7)291@3Y2WZ31*MTP)_T>N$*6I:-*BF:92@@` MA=4C+L[J@M;N.6'?AAW^).RPR)/98XHYRHL:9L2Y`\*:B67O9&C;U84=40%K4V3CZ- M8R-IX28`G23^`DWXN4GT`2-UL;EL,]WLGXVVS\L/*.EXA6=7F%G+Y=G*4*++ M99I%6>SH>$$K##[:Z&VUC#J=L+"R@DY,'Q\OR&P-$*@&OFP(6)TDW\`ENL48 M)^4E&8;W>87;18L&GFH6CR#4Z#WVMY8445K$B-NE.!2.YFC/L)(1XFY=S1+F M_$7*+BJJ9TC03/G1&!I*>D@`?."C>4L'\QRO='.4G@T("!+]]6!H&!#C0)0E M!$38F,%0$20*5,ZD0X+``XD&>H&+WLJ?JF1HP0N$"Y4E>G"T7-#%!9U8Q'"2 MMA:-"MVI[B^&`B6M)^KP)&=T4!24S%;\9M>TPS^P\*;$SSA9FR<9&H"S="X MR.S$^*X+9V2=-C](C4_9#3\)1\Z(,2-_4R>3IE*\/F*RM@J MX1U2CW/_#@GUF`,XAW%DWGE:QIN\K'GI>ZFQH(^N[%Q3>']ER.Y]Y4VL)^I< M94^X9,>V6=)-RZPFC,O.6=LG*5HG2]&A M5H;L6B),_LZ=J3(=9,TL9WIN/%P]1 MEOZ3?>]GM.78)DWXZB)+;HDGM3YQLVZB8;39M[`WF.<=R??9Y-S1B`A7_WMR MR4Z8_(V>19S699KALFRO:9(/9.N&ZY1LM)(P>N#X&9&!9#8&?=ET?=])1WOQ M@917<`HCH<6[$^%?5&39;^SN\>?J=*,_N'?_45]*O)&/TR*@W2B`UMMK_T(_ M#+%/^S*#TIQA8Q$[-XC87VP$^B[[U$U,ID M"C85X#.%;FJ3-60"F/X.91QHNMS*"85LN1FW@^S=%;]I>%NOB/!V7T\FOJNL M3!-<_!P51:3?'<^4XRU_9V^A^)28W\;D(O9I/+I2:J2@5@S@'!28N?Y26S-] M>)C;LA7B#WNZ*6NNH-#0IXOR=OX(.)^!6`R4/G=@);TR2SXG)9OP9+\?I_=F MV^OO.VY_WK<_;>S_U'P"8$I]+GYG!1ZGL[XTD3\YQT]PP9[(:28TU0$<]%1] M>#N`CY?T,ZZ>Y5!>/CV;3K'!^KDNHBH=!'Q2=&5*2(?%\^8VTX<@P-"=F+0F M>'RG?.CSS'TFUB#[J6+PF-)1ZBQ>5*KPL%Q5\D3?T4F?#<.G0!W8M;:QRV=6 M1^]GXRR.@AH6'"8)4"4'&#ST4\6J"NU$SUQ[&Q2$X_J3&4P5.43O^I379*:W M_G.62<49S:-:31B6Q4-9DI^'G+UWZ$@*83PYK7S]N!#'%S')864M[ MC:8!<>$'@$E MZ"CM^M?42OD*GN!31:NC03OVFCCBM+&C48"?*/L-"K3\F8]NG_RS/_?!&*F`CSB MR]@FL;L[8:37B?>L1_R>$8GDFPEM M8DAH0P3(+$/`VXYH?4;26$1.[WVO'A49F=!HQ1K6W=O[F)ZT0MLD- M!ZV[Q-NUAX@$>[MH5TC6O)[1@^[]S3Q+2`9,L/G/+A-KLXH_9_N0EO\X*W"2 M5O0G;2I9P^4U;ZS37DR;]J@1)3I"G*'YC_`0LL1`6A=I;QUL6GC2R<0D2#H./8-0D!WY!U)B-YN9$3>,P+2J>5>,?;C M$97_4KF?>MOZ(L_(CS%_BVN;H+(7Y;5LKK6=8B7'3X-G<0,A(:+%@6S[$&4.$ MG3/C8.M36OB<6)W2A!D81O<3K<#DY'`@N5<43AN[#?J%48;B_DO5!G3Z>UGI M-BTMM$N3SSOYG.IV($H.0,?>:SWI))06_4*I@_%O-]I#NOG(:Z8\O24/P-G/ M\VV4"N^,]*:V/+`.WVENZ#2#3&P:U^G&695M9!^S!!>?BK3"!;UU3+/*Y.-OJD=C&)6?CTM6_P(<:%[/:'@X'IO,*$OOKGE>86`]8`&1I/!@&N-G2 MPFBOWM;;TBSFIQC!&ZOW;##OJGZP@G+DNY_;3]W$$*&9>EL9CC9@V17I4U1A MM".NR4Y(P^H7/\N^+E!>EG:$^-SEFR#+K%=]QN5CXU#1?L)=)/X4VKKGE M@W?;CIUZH6,LP-_"QMPF82'#6/O81YR;=J1J^-'MP9"CC0NNC)/CA5L90GQP M:">(>89K+%_V0:ZB+(/+:-5DRNV]N419XJK\"]X09>Z+NJS.ZJ*0Q\AI%I^- M)=1Z"_L91HHH[?%5=LRHCU!##]9)PD)_OA][)+04%!6E;EO/H9I$/T0?$]/- M!EEW=SL/T/X2$TXE=)=0T7M/_4<;LB9AC[8),F/_* M1@_D$]K.YU?97?I/\M_MYERY$C9C]K8*-K1%<)6.C7I\RTB7OY25_NY&X31^ MUH7+S2+KIK0UBV"@I&:1WZFPX&D]>'"[`->!-K`:K@&-.!T`_RS/DI1^/Y=Y M\0$G>+OC[A1IWVMY;C+1S86RAY>,8E("("[66PF+"7 MTK9HX')@@H1+8VF%ZF)O+$54S]BF'T-Y&&/-0@>0M8`!929L^*AYPU1YT*@.*AL-;Z-!I/?8D2HL8,0T+G+P[VH8)!M;J/S'U MB>M77/W5H=0W@[,S[45NJO/LCL&U..`/=:ULX&L9=>=#>F>@^:Y/CVF\2.*:3W!M&0G/L`G MNFY,"^#85H<1^5&ME`.BI.CE^=49T:$F4S0_"M2<1BGH/9<,E6DLJYYYA"Z3 M-$8-*>*TD&5`312_Q`DNB'\G>)>7*?G>GZFKUP6[OQ7GY--H`CN2VN*[$JC2 M=625/T5BCTV0%<4/Y@@)KOFQHN*`9>/CPQ11<-L.6&%IKTB\WH<6]:D6!I4KC4O-^<*"BVX]&U3_-YS2-,6J=-)E!=19GHK3.&8L-FEV=:1I79-.,KNAB1Q]@S' M+-?T*:T>50MQX)334GL[SBZFAS%Y5^E#(>#(G\704= MZB:_'4SO,U,"H&N=)BK2"\S,7=6>"G5[TTK]0&YE2CQV=/NR3^%Z.JU7?R>! M]3[OO8?6E%.8YH290A563$V>G`W=Y_VB`%!E$.;;,Y@^RL:H*F>/:OH2OD(T MQWL<;38Y:_F*\AW@[0@?!HR5/P66\*2U.?-MCGN%!WXA%30PM?K/!6MZ-*QP8+;$@2YC8+0> MMQ?@<+U!>XWG&;_&?9^?XLN\6&,2TQ*RP,F+^]QX'V\NR/MJQ,)&]>*$"VF> M;M#5R2E&G2#$)-'?AK')7VXQF7`+`%L7QU8RS%0?@YQV50$+I+8#(M!Q[3X^FW9G%;'KDT[`CQA\`%&<;-YZ0J'&](E[QIDYX71N6E@\!QXQ?"'\HN)_& MGB8::)A=QXA&^,5G7,1IB>_S6_+U/T8EOLDPF^$'VIC%#5N9,+'$VO*)^-*& MDU8@7>2W(A&1R7<$XT@40-QQ.A#[@EH(MP/!EL+-0.1D(/A&803E$,)2&",1 M2@B;%QHT8U=E,%L@LM;N)K27NAEWKH9/RJC)26( MC_7S$3#19K8=.V8'/>G+\"#+`!0LW!L"B'4C;`S1K&?Q_D9E$Y5E%U5NB@_I MPV/5*SRA.=&89O7YM-@;U%V[R]7J>WW$ M8NA;PGN6*3X'DUH[5NWLF9P^W_%:M,H93T]`?`I]7V5EW`_+GM'KDU1=IRD]] M6<=."!R&];89H/HJ0WL)B(I`;:G0CP=)5\W#^DP[]T"1W(,MJ9W=;=D";R)Z M?`1_5.;?^)!BAP%:)Z*)3H+#^$+KK>$M?=O&UN.3H42@]QXU1(V5OK,GY;M9 MV#!@H7BO\-_N((K;8=A2\V;(F>8!@%+AXG+\C8D/E"K?ESFTRH;WV4`3W@/] M#7/:>YYP\M7&=O02L<7A[)B?;EYF2bA$=TPGA'D\0.:11FJN-+\U?=2V\ MYHF#SC5-VVN1?Q*3T-T$TQ)Y7],[MKX[U>O2NNW&.+B4E:$K&Z6QIF0=:+YM M=N;JK;*>"72N[>EN.-.V'.',LX8V]":G\E`VS)]CYQL1V/PZ1L/T[-IQ>&]J M$S_BI*9;WP\\M7$;%=7S/=&IC-C>N#Q]'OQ%48MIH3R?[7!F6BQ4K6SDT,#0 MT"/&@/JRCFA&?/CG0U5K,NVFX]K^7&__RM!^KZUXEGB]T*=GEC#?0#?3[>1S MJELZVPCQ"&DKV\9^/').2@6&S8,;XA-D]AXW1I:%!$@XG>?;*)4EFG3$0/#H M=)WP'DX7!!`6J@SE\D.OT+EV0^D]K?*8XC79+\9UE3Z1V6M-=HS%.TS/D779 M$QV7SR2)5GLA%T*I44>.&GKT"^<`\_/#6N$ULS'M34("0\,2R/+H6E,ETIP5 M?BETK:F+J%R\@Y9]]&Y0`$LCP=L,%T37+BLWOL\K?!L]TTW*29:<)$_TY3I[ MQC[X=,/"C3.E^7M5/M-:X?X5D8,:0>S!4RN*5Z\8N60@?3L.;_Q:-#Z`FHV+ M7'STW'J6*">-/+?;E-48*LD'G^6LGPC.6#<1;;WT:4:/K3HG;1`;.'8LS-,& M3,"%T&>8,RQ^KC4.J-JYK^_(9T]-,^2,FVA.<#G`],E#@5G='T4:3DKE#:UC M[<9?>_?W0R71S%!HK"80H)8.HS^@2-UQB(HAB4L(*)-J"CK_,%#FI7K?X*'2 M:)90F%85&@P+!A,`$/+\1*.=FJFE7"I*6G?>@ MMB66IT<8\#:$PE,5"+'.]E2>#;,(>R*=%FOB54W8"H/R*P@=A3*E)X% MYX&S!8:9/!L1(6!E.FVE=ZUP>JOX,#)(\!AEX"SX?1\J]5<2/34U9TE*#H]' M2&JMM2NE'BG469%[S7T>"DUXR_@L2$7NHL4')M\/69`^X)LUJ]?<%C.^6;=E M0V^C-&$:]-4X3\M8T8/6E6!_K426CX'P)*$32>^,\D+871%P6@BH[75%!?,J M^VC@J*ULH,XE!QV1?(T>AJ7!>\U#T(Z.2,U&I.Z/2'*H$3'LAA+PD$`V7'$4 M/T9-6I9*=9&)8;V/'4?%94+]Y7B6V2ZD*YBX+S(2.AZ)CS+X2J!/6T0`5YTX MC`]\L8'.13@8Y<:62'01X)(DI1X0;XB#;L7M0VS5*:A:$W?2\^[W!6ZEX13G)Z3(=,6R&T..(G/9ZO$.<**%7OWB2X&).XE(BJ2OF)O&R_VI<(V1G,Y"F3'6?)1Z'4[7>]'@35@7#UWO0K+0XZ" M7;!A?:A`"BU;Z">MI^S5>87O5W#./87KTWGW9"8,HE3MLV43ZQ MV66&MY]T:.9^_]3NE.BIK1=39Q1>=&VK;',<2FU&0VAJ:C5.26"PY,9>$U$_ MDI_)/ZNHQ.0/_PM02P,$%`````@`<5780O8]CFIF&```/;`!`!8`'`!C;&%C M=2TR,#$S,#,S,5]P&UL550)``,56\A1%5O(475X"P`!!"4.```$.0$` M`.U=77/CN+%]OU7W/TPYSS,>>9+=G:U,4K9E)ZKK':EL339Y4L$D)&&7(AV0 M],?^^@OP0Z(D``1`4$UQ]++KL8EF'YP&V&@T&G_]^^LJ>/>,:4RB\,O9X,/' MLW?S\]? M7EX^O#[2X$-$%^<7'S]^.B\?/,N?_/DU)EM/OWPJGQV<__N7NP=OB5?H/0GC M!(7>IA47(VHW^/SY\WGV5_9H3'Z.L_9WD8>2#$*M7N^D3_!_O2\?>\]_]7YP M\?[3X,-K[)_Q/J!1@._Q_%WV^I^3MR?\Y2PFJZ>`JYW];DGQ_,N9%R`O90(& MGSY^RIO_:1AYZ0J'R67HWX0)2=Y&X3RBJTSILW=<\+?[T9;V'GHB2<0D_3'/??"BU3E_]%PI[;RAJM=1Z.,PQOX5"C@E#TN,D]A<28F<=M2;(,KZ8XD3 MXJ'`E:[;0ITI_I"@!'/ZXO%\_(1I1EO\+42I3Q+L-]"^3O*A(+ABP^@U[L&- MY]=+%"YP/`H?DLC[?1D%/ILJ;YC*R9L+6.H7'!B0<](,WM8*5!0O;X/HQ>W( M$LIMJOZ8+E!(_LC,>\(FH/'\*HU)B.-X8_5LKK\C3$7?RO:,W]`4T@-9A&3. MR&5?*<^+4O:9"A>3*"`>P18?$[6XILJ.0O8Z%$S21R9P/)]CRJ2S[AB%,6$F M^RNBE+W80FU=P4T!##$33;%?ON(ZBFW4%8MIJMS7*,$3](8>`\R@7_K/_`L; MW])H=8\#E,_C-C:M*;?YW+):D23["K'7L!F!FQYSDJWL6"6L\9!S\(UJX3.D M'+HMS0C.9H;=>3,2S)NH,F\.<8)(8`'']D6MLF.-1DMJ*[,VVIM(%9X[' M*C[S6,7@APQ%\>L[](@ECGPU\/%Y2U;>Z/QO[PZAX80-JU4W6E]4)W9 M>H`F#;2NM#^0WM,H08&5QI66!]+U*[;KVW6[0_4I&]O8KD\W+1WJFNSK:=R1 MFQYDL]03Q3&;;S/WXXZIL:4@?DTP6Q[[I8I<@)L09A9PCKRMMP4\Q!O1VBD\ M^]5,)?[R,4XH\I)25,`!9R^8Z3>>?3Q[=ZZM9]$I68?'V/NPB)[/?4Q8QP\N M^`\N"@> MJ#H$"]<,"D7!B)G[Z__A-R4-.\_.+HZ9!P&8@HC!H9FX9#A\CN4V0`L)`UO/ MS#X=9\_O@2AZ_.+0/7Z=4H[SEL0>"OZ#$66^UI!]O22=+WM\]N?CY$&%IZ#D MTZ$I*=%,F5@)#=5'9G\YSJ[?Q5!T]Y^ANGN]U%"8O_#9V0_'3<`>F(*)OT`Q ML1F-M^PW<0T7.T_/?CQN-@1P"CY^@.4C-Q-]1BK/SW[J`R<[@`I6?H3Q5F]) M@.DU&["+B*I]U:TG9Y^/DPD)E(*#GX!6#-%J%>7[W@]+!C\>IPE/<>*95>KE M@Z+A;/#QF"FJA590]EE"V?EN.&*W)]R&*"0)3%;&,T?Q8];I:?Q^@=!3;D$X M2.+R-[NF5/QZ5LD\N"4ATX-O242YKHI(ADES^UB&/:S+.&:=J0%@^T&HJ(9I M=VX/`3D6:52#XT*=UY'BI.(N=&Q:%` M^5Y0R9.;%,SQ/T.%56H)$/-5JMP+>K:PZXXPJ/B+)6%[NLL#CL=$G21%2TJA M\'FH>([I)"E5OA]J`G*?HS;"F)];U7>""IT94-@K0D(L/7#9PV< M?LSZ//.UM.P=K`&*8S(GV*]GWD#*;``[FOMX=>CZ,DYBJ=G`^"06@U-8FYE0'KAF%>VB>L(W7UT-@`.N5FQ*431 MCVGYTO=)KO<$$7\47O/]=@Y"OM(6MY@-P&-M%LRJP/1C`A[B9QQ$3]R]>$C0 M`M^$":9/E,1XB.?$(_S\9[I*L_7$,.5[`;LME'L@387/!L`Q.BNS<82[L4$.__$D$W#<"7KZ&'NQTMJ&F^?D M7J;),J+DC\V`KK6%W8;0J7PN;4"$K1]+,Q'.41RGQL3GC:#3`MV3OL'5CZ6: M"*/Z5()F2^@$0_?4[X!KT=^"B:M9?/XU6D-G)S:S`TV`KI9@G;$%@\^^HA5T MKJ,S[D7`Y(=>CYKSVJ^]I,5QISTJ0,D/TQXUSWH?>>7I//`HJE/&=Y#)3^L> MAG9I%:.OZ>H1T_$\TYKOW%/RF+*/TM7;PU,4QALY>R6,:EM"9RG:,6H`3G[\ M%YC4S`Z'Y)GX./3O>;\72(J)Z#:B-\A;5FRT,-IYQ8ZEQ#N1#I[+V,0ZW/6` M_#@RL`D-<>Q1DFE38GM('W_#7C*-&+PY)DF:C8Q\]W$_GA`4RCAEJ8`%OV3?UAD&+Z%3&6MV4!?!'AB9*-/ MA!G,DG*P^%]3RE6C7E\$>$[D`2@O89:4@X7\I)3_0D*R2EN:JS!'O/0F^(*_I1'"T1(NC%=O=7G.2]<1?%*@ZWGH/>S#;F;T_[?FQ7 M_XK)8LEFKDNF!EK@K1A092U_A6+B78;^D`1IH@QNVPF$WN8V-@=[F/W8];Y! M-&3XXG(/3]]`:EI"[WH;6X(&GAXF%AK=(?E]>$5Z^PVQ_8:#L.G1.$(F@(#] M(M>;#*WN,6P'V(_%K7(+&=H7Z^B6PK$X54T`0KM3'=U".!8OJ@E`Z/S!CFP9 M`,<33:=\(V#0:8$=V2(`S@)LA^("&'068`>V!(`3_PSI-8'58NH?^,J7>:%+ M%"Z8KQH*CEO"':^SK-FBT1YBEV"MV)27T-)!D#T(O2S6[D]Q4&D?C*,E<0!U MVKS`DW<`6[ZQQ3Z/'EV^$M6>@;(=]&)WGZ0:,F4@CIO;'53#:(5(J`H`BYZ' M7JO6EE?#*+Y@'[/02W/-GH=>>4D[$%`KU[\7&K*1,3BVCRG;0 MRTU#=FNQ0(<.G95C7E>NR6O9B`O8U'-O)`AZ86IJ#,;@H*.+CKTOMB3"(_:C MELNU?AAZ?6KL9VUI[FJ`@WG.S>HT=>6(V18G,OY$VCOZ%#]E5TDR=6@"-0H- M3@WN'ZCKRL$R'1Y%RKL:AAW@D9MIOC^9?S[R6TJS(^U?\4OV%_4$J]&^.V?% M=`>N%J*^?$^%>'.[;V`".P(Z<"1,EU;7^4;E9G#F-9^5F5,U:-]U.%/'9[TZTK!2Z[ ML@/W?6:D6FZ]G?)3OX/\U$:V<ZR$(/V6Y=B3+M1'9IYS7]?(;Q M7`!>;]OQI;/WX"YM%CI)[[&>U'HD0!O89U&[B:*-EX'O7)W:61M M]0]TS,=9906*$;\O+_]_!7:16*E7;$%3"'0DH"UC$)N>6;_T8O(30$Z6S*,N M[ER/8YRH/G4ZS:&#"F:L:EN&$&=/;>+2\Z(TY/?7O?$$T,O09[^A*4.SN=7/ MR$IT!$+')MJQ&UWD_?AWK"^_1@DN)U6%6ZC0#S_IV0;`VT,;Y#9]S;D.\X--)YSU$ M)YXA>%*YRSG`$+:K_`C(!07'RQ;8_']\D_D9!3R0F!^!V5V9*PS&1$QWTM>- M5A'&$*&_%>X,I(;X+MT68DAH]0Z0QHEM\*<^M=M^;($=;6!ZCS M6=7OFI]'"XB?6UCH3RJ]4KG<;7-5A\8LYT0^R&UB310?DM@+HCBE>,JLYRI0 M1^]C>##'QIEA+ MB[?:X:-LY6BP"-]1/S34S6`'0FVW:2\3^VGD/(^EDC+I/_,M[+T$AT.[:SRA M8N,?:[AJX@80;MJV)CI^F:0%M",F[U*Q$Z:`T9O1PC,[2'YL@N_J19FCB4.( M%8U"%:.18R0'8D!I*:@SSLP$00\_8UXD6V#&H'LS6.&O+M*ND-:%RXAV.XM[ M!F8#3%L&]-C2OZO(`%!_QHTJFG(*X%E#X->GQ^/YCE)O^7]UQI>>`.C!91/` MTT?6BSQ[25:8MB%HM8IE3:`K%=BPK<+2CSS( M&T1#UB4\X3.KJJ3/^BS M\E;9%[K`"COX\?A#)+NYE)$@EQ)56:R]@%SP.'69I M.;51!OFX;W_>1<7>5W=-N[@%='!%1H\>F140O>.S]I)V:1OH$(J")6U:^W)- M^PZTVLN=A<]#!TF4_&A1VK-KVW?0W>G*+B@SQ*T[*"CCC,+LQX(62!%.^0\Z7D0Q65LZS MS*.\>7WB1??EE65L!4)%4IPQ+#*<)IW1B\^%N+K2^FB#_*.A;@@58VG)6/1! MN_K2,!MT.HL4%Q.6JN97SHW""27/;,'*.BD/,,IG#4T!4+4(VYTE#,#W8U,U MKPK]3QPPE%.:QDE1+5J5""1I`E:=L.6Y0(FW'YNL_,*BXKZC[-ZBMM62OSZMK';B-YC'Z^*NR8KM\[F!Q'S^^FD-F`H![P884N1?/O.Z&Q$ MXA81^B\4I,RDIX@N<%*.'*DM2%N`UQ-LE74U;&@WL.[&1K;PG:)P0?B91.[( MW&,V%=+L%NH2QW6T>F3=PO66`+11#WJZ07YC M;EU9#9UHKXD0Z#UUD^P7.W2=C>06483UG#(*XX0DJ7*"536"VB"WHT456)&A MZT6(-2NB.!Q=,VPIT_ARQ?NJYN3)WO-0&^H4YLPDX<5`*:/9]-'+4CRD8K%NS?&+*'B&]]"S'6 MAC-JVL/FFMG3IHIQ:$#N*NOESC:'(-\6KCP$F_[EEK]=7)V=N+<,+7W\#7O) M-*KD-"I20NM:PF9UM3@>96"AM^_:2^[4G:^-90#G>;DR$COM9-"<5]J MEH`PC:[P;43GF/#:LY1$=!II?[EU!0$G?+4S9QB![VSVUQ#''B5%DHKRF[[W M)'!>EUM6Q>@ZF[NUI6[E_F.&OP`^I5AO$UR,MJ/WIN-<`UP&*X[5IC^D]62R32F:J*A&AIBG8C;7M M>/Q:<`NC^-RY\5["+:A/8ZX*4A="^R5T+AAPOPBN]$95^M6LYW MG@>[7+9->D482R:[EWTOH_\=*70W]AQ2\O. M*_ZJRGJR$3>[Z$60KG$7E!;5O5C=X0[N7_0HLF<$NB2_<<3/KF9#M^MX7/0B M&&@`MK2&XP@#%@L9N?NO:C2[Z'D@;PMH26P/2N-6+I1$FPLEYSL72@*=LSOB M>R4?O"7V4[XJK/;CE)E2C+)E8WSUMO67NIJV-O*@#^B9WDEI#?*X\YKUP-:< M5-`7`EX,UY9EL=&8`>^/I=2>:=A_&/HP@QE5]73WY6##]9+@.5M<>FE"GMFX MF+/E):T]WJ!H!7W(04R29*6MAM&+<[L2P[_3J*A;UQ2\LNY!9O.[HSCOH'<[ MN^YQ!RMIT.5V=?@3AEELP?9B?N#HXP)^!2_!<1:')'."_?JRB0928$]%6),M MGC,,<3NR&,@0W3#%TV@':JUYR!O!GK%P;`UJF*T5U3UPW*9R43S:O2@>)EBC M=76]1@S'2(ZCXA&*=ZH+1M0UA([`&'>FZ-NL`_*X%V`]*0RA0Y0D\G8J!G$J M!G',Q)Z*04#1*?VH7BXHSK;&)5.IX"G8^@WFTZ<$@BLGLP4NI).?\#G8V@E[ M_:KL_(W&W1T)TEE*^!SL(EW0L-&.M^B)@ZQ?H)X?FPH&+DG0Q!X<=D!G-^+R>L". M;::)4.!B!\WMI3'XSGH/EWY^XPH*AH4>9E:AU1RX$H(#_O5A0A>P<>,Z_`.' MF+)^X3M2*Q(2WCT\0:6XME/A0M2T!*YYX,*5T$'88LF:0]]`PBLT+*.`X8EO MV-_!TJ'SEVMLH6T_")+^++AOVR#BWH6ML_U.U(NQGW;$.K$C5D?/:1_LM`]V MV@<[[8-UT_O<0:<*3]^;R-Z@[QEI9"309D\%\)A=P2UN)4:A0/H M7;4;N,JXH!N.UO9@`[.SDW\))H>Q+@->8$DI_B<._*NWXHAZM<]JST-FG).HJ\<9_YE&J99>@M;AD8YW'7$@E]!K@K'ZLH`*WUN MO-%IA`CZ-H-6+6$G>&5G"@(A8,72'=F"#%(_[C_(T,G*9>\_!%8"W9C,;94[ M>R_!=I2(IRY1\I@F.O<3U#<%JVBNRY81$/";"%IRL#5O&U$T`ZMPWMC%W@71 MW4L&M@JHYLJ;!\%-A(`5'S<;O,:0VKQ]0)A%>`L``00E#@``!#D!``#M7-]SVS82?L],_@>.7BXW-U^W_)^.G_]ZH,,IC`C MGB)B`NH+F8&^?W]_?Q"0.54\(L&?,954H<:#@,_\H\/.\>'Q M<0_U*S2&R=,`5<3U-+]^Y1EL#G5_ M?,#%!*4.._YOGV\&QH.6MQ`^C2C[(X=X&(G(8HY]W3PB$K(0+1&J!2@+>.LG MC3GQJ$3_;S?8P:IR6@*@3"K"@KQ!:TZD;G=.3DY\T[H,SRF#"5$0%O9QX@L> M@9^*9?N)97M"R'R!'!,Y,JBT09-QU#[LM#4=2UC`8Z;$8SY@$H*#";_ST\8B M:"P$CL4B;-I:``Z!NG'84`"!AV#JQNB6`A!E=R"5&Y:T%0`9H8%TXTR3AG76 M89(&;A`V%$"0(/4X!^FDSK04F"C57!1TABT%O84P%Q!L&&1$!&:8.$>3IBZ^WW2K3DW'QD@>QGO0N6'C%%%6/750K9J:;EDHD.+Z/D@[^JP2J-)80]=FZND3:).@Q" M3TPI*A5Q(98*J\D')`KBJ+@#/Q?I[4/_B;,0&*K_2"(];0ZF`$HF02]H4$W!<<5*?#>Y+3]^\53 ML@B:[(U[MES M5`OJ)N_M5N3MG[41R'665<(5H]%-):#W`2^VTR@ MYB]5[%'F957_RTN4[XFKQ$&EA[&&!C>E/^Z$TOVS64(QD=/KB-]O7@F=LF[: MWE>D#?5Y1N%^&02_)R:$T;],AWU,Y7KCC[&D#*1J`PB+F,!^".K]S^>UJP9L[JSBZ"NM1;J7RIY`SIA=(RS"Y:O@7F=0]FD MSR,:4$@KK7(1)RV=PU5:,DJ\I1;/JGFIX>]JXTC4CT<8A]YX#`*C@L.^RR3% ME>!7(@1&+"6BJK";DLXJ):DZ+]'G687FN4A5>E;G2^7G$C`H`K6GP?G$I67# MW>2._=%J["UX&74#?ZEA_L(5],DC&46`X_DBO-,O!.2UX+-;B$A2!]F%HZ*L MFXCC52*T-B]59T:^5>B-4:.7JO2,SI?*SB<^FU%EZDB,..9$>NH&MEPAR@3< M//RPRD-&A:$AI^2E!KZH[*Q:67;>KBW#^\*Q6NI3(P7:D`J]JYD*8=&77NTK MBK0VX([:@&1J@TM0A$;275A4!;O9^W%']87W)NWGQ9):^@SE&*PDZ:;K?>V' M[:73XBPJR%I1D2.H)L9-U5KE7J<>V?.628/),@T>KZ3!.=KJ09RL':T5]G42 MZ#UKF327K&3*.:HJR+GY6:OR2Q/K/2'KJ71^*2IL=H=_K=!WO];_/XFZ_J// MU]W"V#,'U4[UL9RSEJ2S>02M]-Y4P/BL9F1I/*3=*B$8X:F<.S[UOJ6OPN',.1U' M)SBVZWJR\CCLUA_?GDS#J^5Y-6Q`5[A0'G,>S2TZ1YJ?@08:)837Z7WA4LW^+J]>_^XQNQ9XM0'?YMD)GI<=B"_HT_3F! M/D1*VCOMI:JJ7I><1"VSQ0%+K[>PP778MXH169S]L8T9KG/#E>S(`A>_MK!D M[51Q%2L6('.U1>_KAXRK=+]$)9?MI8*Z!JP>6*[2O<7HBVVZ7CV^7*EO"S)7 M]7K?=,R^RF04"9%#Z1GI1$^"G7?;6%!Q*LSTKK;MN?ST=U5KLEJNEDKJ&5?Z M:4"546$Q^J+>T[CA3'J5,*RBMB#&?9J^GA&6?(SQ]S32ZG)RDWR$9 M6\K/WU^,I!)F6.IRSJ2&OU>33Q),\T7/*=[#FKFK8*;KGY9'4JFSEA*Q3C^- M%.9[E(=#@PMCD7XAP&@4Z951#.N:;%I,NU,8FDT[# MOZ;]PWN^A?<&W23O"TW^RD(019S706TY&3R'MRLQ2X[3 M);YODLQZA;Z"(N+QB<,Z:1LE'Y]A_]@9W=5Z[;"]RX(H#B'LLG0;6J:;9OG5 MJA[RVX4CA-&.HE'QU*HK4:\-;5#.7M'V(3RHC]'*#%`?FT[VYFOK4V7O/V?2 MYAC(SEJL7+!!A#HM==*W2;)I9-7]%$.[$I/(1>?6JAI$^!=0?<$#@%#VF$FP M[@5*"[V_JZ=A]*.GICI126B^>ICK;X5RZ]G3=6P]M2\6\&^WT-E$S4Y(27[2 M99B9WA$%.``"(^Y*[C9CFI2J]T$$>N]Y@FD6KL<"B(0N&]"_\+?E+I?'5)+/ MI>A:_MDRM$7I@,GE+80P2ROF3)*9K$9)(IIUM3:T2>7U-:'B%Q+%2,O0_&,D M.UUE/2P1:I(O:6F(4\Z0L`G5WT=(">H6<*X5IFRP=F.A,*(L\Q],J*T9#FKAVO2VI7.LM?($@LPE\34T:IPS<9NN:Q#E"F8@'B^X5TU M*5ZMJ>KA_F$.0W4Z?=23?SPRKV>V;^%K3A-F^?LYD^;*0 M$[=PD]BPYJ8O%8TU0_X1TK?K$"(M7`QYV?"KCFV2Y[DMH]7!Z&AL4@Z8,R_S M/AAGO'2J&PH2%N\/ED$:ZV=JYM4#KJ-4PI#W8Q%,L>+J,2A_U;Z5FB;%PQJ= M[@FAQ9EG+^OQ!L$FS:YV;;8TN#>+RJ0:M$FT9F:78>',LF, M(DO=*\4UT&']2@!F6ID9FR20KV:3YPF5K^MC(33XM MY9KD4;5_"U%2*3Q108,*A9)_P[!6%6^6;60E?#$18'Y?/-#<0%UI^.>-#RGV MKO\)>P7C+_F,4.8TWS;E]HA"<_/9QM7"N,^@\WJGW;:I27:7C''GJY)J\M_) M`U\\T=5!-[?3QG MVJ3M@[*=GN_A*,I%F.Q4D]XIO4$L!`AX#%``` M``@`<5780JZV-Q%$-0``A[`!`!(`&````````0```*2!`````&-L86-U+3(P M,3,P,S,Q+GAM;%54!0`#%5O(475X"P`!!"4.```$.0$``%!+`0(>`Q0````( M`'%5V$)7?9(F+`0``"`K```6`!@```````$```"D@9`U``!C;&%C=2TR,#$S M,#,S,5]C86PN>&UL550%``,56\A1=7@+``$$)0X```0Y`0``4$L!`AX#%``` M``@`<5780@\4U:##"@``Z)H``!8`&````````0```*2!##H``&-L86-U+3(P M,3,P,S,Q7V1E9BYX;6Q55`4``Q5;R%%U>`L``00E#@``!#D!``!02P$"'@,4 M````"`!Q5=A"B^3*%WDH``#Z2@(`%@`8```````!````I($?10``8VQA8W4M M,C`Q,S`S,S%?;&%B+GAM;%54!0`#%5O(475X"P`!!"4.```$.0$``%!+`0(> M`Q0````(`'%5V$+V/8YJ9A@``#VP`0`6`!@```````$```"D@>AM``!C;&%C M=2TR,#$S,#,S,5]P&UL550%``,56\A1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`<5780G]9GW7&"@``Z68``!(`&````````0```*2!GH8``&-L M86-U+3(P,3,P,S,Q+GAS9%54!0`#%5O(475X"P`!!"4.```$.0$``%!+!08` 1````!@`&`"`"``"PD0`````` ` end XML 17 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Changes in Stockholders' Equity (USD $)
Total
Common Stock
Additional paid-in capital
Deficit accumulated during development stage
Beginning Balance at Aug. 09, 2010         
Beginning Balance, Shares at Aug. 09, 2010         
Common stock issued at approximately $0.006 per share to initial stockholders on February 3, 2011(1) (2) [1],[2] 25,000 517 24,483   
Common stock issued at approximately $0.006 per share to initial stockholders on February 3, 2011(1) (2), Shares [1],[2]   5,175,000    
Net loss (2,477)     (2,477)
Balance at Dec. 31, 2011 22,523 517 24,483 (2,477)
Balance, Shares at Dec. 31, 2011   5,175,000    
Net loss (4,768)     (4,768)
Balance at Dec. 31, 2012 17,755 517 24,483 (7,245)
Balance, Shares at Dec. 31, 2012   5,175,000    
Net loss (4,400)     (4,400)
Balance at Mar. 31, 2013 $ 13,355 $ 517 $ 24,483 $ (11,645)
Balance, Shares at Mar. 31, 2013   5,175,000    
[1] Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company's Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)
[2] This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.
XML 18 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Cash Flows (Unaudited) (USD $)
3 Months Ended 32 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Cash Flows from Operating Activities      
Net loss $ (4,400) $ (568) $ (11,645)
Changes in operating assets and liabilities:      
Other current assets    400   
Accounts payable and accrued expenses 2,850    2,870
Net cash used in operating activities (1,550) (168) (8,775)
Cash Flows from Financing Activities      
Proceeds from note payable to related party       150,000
Proceeds from related party 6,906    6,906
Proceeds from issuance of common stock to initial stockholders       25,000
Payment of deferred offering costs (6,886)    (172,084)
Net cash provided by (used in) financing activities 20    9,822
Net (decrease) increase in cash (1,530) (168) 1,047
Cash at beginning of period 2,577 33,589   
Cash at end of period 1,047 33,421 1,047
Non-cash financing activities:      
Deferred offering costs included in accounts payable $ 38,205    $ 38,205
XML 19 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Initial Public Offering and Insider Warrants
3 Months Ended
Mar. 31, 2013
Initial Public Offering and Insider Warrants [Abstract]  
Initial Public Offering and Insider Warrants
Note 3 —Initial Public Offering and Insider Warrants
 
In connection with the Offering, on May 15, 2013, the Company sold 20,000,000 Units at $10.00 per unit (“Units”), including 2,000,000 units subject to the underwriters’ over-allotment option, generating gross proceeds of $200,000,000. On May 17, 2013, the underwriters in the Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.  As a result, the Company’s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Offering.   Each unit consists of one share of the Company’s Common Stock, $0.0001 par value, and one half of one redeemable warrant (“Warrants”) to purchase one share of Common Stock.  The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52nd day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin.  However, no fractional Warrants will be issued and only whole Warrants will trade. Once the shares of Common Stock and Warrants commence separate trading, holders will have the option to continue to hold Units or separate their Units into the component pieces. Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account.  At May 15, 2013, there are 15,600,000 warrants outstanding, which include 5,600,000 warrants purchased by the sponsor and 10,000,000 warrants purchased in connection with the sale of units related to the Offering.
 
The Warrants may be redeemed by the Company in whole and not in part, at a price of $0.01 per warrant at any time the warrants are exercisable, upon a minimum of 30 days’ prior written notice of redemption, if, and only if, the last sales price of the Company’s shares of common stock equals or exceeds $24.00 per share  (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within a 30 trading day period ending three business days before the Company sends the redemption notice; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.
 
If the Company calls the warrants for redemption as described above, the Company’s management will have the option to require all holders that wish to exercise warrants to do so on a “cashless basis.” In such event, each holder would pay the exercise price by surrendering the warrants for that number of shares of common stock equal to the quotient obtained by dividing (x) the product of the number of shares of common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the fair market value by (y) the fair market value. The fair market value shall mean the average reported last sale price of the shares of common stock for the 5 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants.
 
Simultaneously with the consummation of the Offering, the Company consummated the Private Placement of 5,600,000 Sponsors’ Warrants at a price of $1.00 per warrant, generating total proceeds of $5,600,000. The Sponsors’ Warrants are identical to the Warrants included in the Units sold in the Offering except that the Sponsors’ Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors’ Warrants have also agreed not to transfer, assign or sell any of the Sponsors’ Warrants, including the common stock issuable upon exercise of the Sponsors’ Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business Combination.
XML 20 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization, Plan of Business Operations and Liquidity
3 Months Ended
Mar. 31, 2013
Organization, Plan Of Business Operations and Liquidity [Abstract]  
Organization, Plan of Business Operations and Liquidity
Note 1 — Organization, Plan of Business Operations and Liquidity
 
Capitol Acquisition Corp. II (a development stage company) (the “Company”) was incorporated in Delaware on August 9, 2010 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, plan of arrangement, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”).
 
The Company is considered to be a development stage company and as such, the financial statements are prepared in accordance with the Accounting Standards Codification (“ASC”) topic 915 “Development Stage Entities.” The Company is subject to all of the risks associated with development stage companies.
 
At March 31, 2013, the Company had not yet commenced any operations.  All activity through March 31, 2013 relates to the Company’s formation and initial public offering (“Offering”).  The Company has selected December 31 as its fiscal year-end.
 
The registration statement for the Offering was declared effective on May 9, 2013.  On May 10, 2013, the Company filed a new registration statement to increase the size of the Offering by 20% pursuant to Rule 462(b) under the Securities Act of 1933, as amended.  On May 15, 2013, the Company consummated the Offering and received proceeds net of the underwriter’s discount and other offering expenses of $194,400,000 and simultaneously received $5,600,000 from the issuance of 5,600,000 warrants (“Sponsors’ Warrants”) in a private placement (the “Private Placement”).  The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Offering and the Private Placement, although substantially all of the net proceeds are intended to be applied generally towards consummating a Business Combination successfully.  Furthermore, there is no assurance that the Company will be able to affect a Business Combination successfully.
 
Upon the closing of the Offering, $200,000,000 ($10.00 per share sold in the Offering), including the proceeds from the Private Placement, is held in a trust account (the “Trust Account”) and may be invested only in United States government securities having a maturity of 180 days or less, or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, that solely invests in U.S. government treasury obligations until the earlier of the consummation of a Business Combination or the Company’s redemption of 100% of the outstanding public shares if the Company has not consummated a Business Combination in the required time period.
 
The Company’s units are listed on the Nasdaq Capital Markets (“Nasdaq”).  Pursuant to Nasdaq listing rules, the target business or businesses with which the Company completes a Business Combination must collectively have a fair market value equal to at least 80% of the balance of the funds in the Trust Account (less taxes payable) at the time of the execution of the definitive agreement for its initial Business Combination, although the Company may acquire a target business whose fair value significantly exceeds 80% of the Trust Account balance.
 
The Company, after signing a definitive agreement for the acquisition of a target business, is required to provide shareholders who acquired shares in the Public Offering (“Public Shareholders”) with the opportunity to redeem their public shares for a pro rata share of the Trust Account by means of conducting redemptions in conjunction with a proxy solicitation pursuant to the proxy rules.  Each Public Shareholder will be entitled to receive a full pro rata portion of the amount then in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released by the Company or necessary to pay taxes).  The Company will consummate an initial Business Combination only if the Company has net tangible assets of at least $5 million upon consummation of the Business Combination and a majority of the outstanding public shares voted are voted in favor of the Business Combination.
 
In connection with any stockholder vote required to approve any Business Combination, the Company’s sponsor and the other initial stockholders of the Company (collectively, the “Initial Stockholders”) have agreed (i) to vote any of their respective shares in favor of the initial Business Combination and (ii) not to convert any of their respective shares. Public stockholders who convert their stock will continue to have the right to exercise any warrants they may hold if the Business Combination is consummated.
 
The Company has until February 15, 2015 to complete the Business Combination, or May 15, 2015 if the Company has executed a letter of intent, agreement in principal or definitive agreement with respect to a Business Combination prior to February 15, 2015 but has not completed such Business Combination by February 15, 2015.
 
If the Company is unable to complete a Business Combination within the allotted time, the Company will automatically dissolve and as promptly as practicable liquidate the Trust Account and release only to Public Shareholders a pro rata share of the Trust Account (initially $10.00 per share), plus any remaining net assets.  The Initial Stockholders have agreed to waive the right to participate in any distribution from the Trust Account, but not with respect to any units they acquire in the aftermarket.
 
Placing funds in the Trust Account may not protect those funds from third party claims against the Company.  Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements.  If the Company is unable to complete a Business Combination and is forced to dissolve and liquidate, the Company’s executive officers, by agreement, have agreed that they will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for services rendered, contracted for or products sold to the Company. However, there can be no assurance that it will be able to satisfy those obligations should they arise.
EXCEL 21 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF M-SEE-V8Y8C'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I.86UE/D-O;F1E;G-E9%]3 M=&%T96UE;G1?;V9?0VAA;F=E#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-O;F1E;G-E9%]3=&%T96UE;G1?;V9?0VAA;F=E#I7;W)K#I7;W)K M#I7;W)K#I7 M;W)K#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYO=&5?4&%Y86)L95]A;F1?061V86YC97-?9G)O M;3PO>#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O3PO>#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/E-I9VYI9FEC86YT7T%C M8V]U;G1I;F=?4&]L:6-I93$\+W@Z3F%M93X-"B`@("`\>#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DEN:71I86Q?4'5B;&EC7T]F9F5R:6YG7V%N9%]) M;C$\+W@Z3F%M93X-"B`@("`\>#I7;W)K6%B;&5?86YD7T%D=F%N8V5S7V9R;VTQ/"]X.DYA;64^#0H@("`@/'@Z M5V]R:W-H965T4V]U#I%>&-E;%=O#I%>&-E;%=O M5]$971A:6QS/"]X.DYA;64^#0H@("`@/'@Z M5V]R:W-H965T4V]U#I%>&-E;%=O#I!8W1I=F53:&5E=#XP/"]X.D%C=&EV95-H M965T/@T*("`\>#I0#I%>&-E;%=O7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$"!+97D\+W1D/@T*("`@ M("`@("`\=&0@8VQA'0^+2TQ,BTS,3QS<&%N/CPO'0^,3`M43QS<&%N/CPO'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2!#;VUM M;VX@4W1O8VLL(%-H87)E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^)FYB6%B;&4@=&\@3PO=&0^#0H@("`@("`@ M(#QT9"!C;&%S3PO M'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%SF5D.R`U+#$W-2PP,#`@3PO=&0^#0H@("`@("`@(#QT9"!C;&%S2!T:&4@=6YD97)WF%T:6]N3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S M8CEF-SEE-V8Y8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&,W M86)B,#A?-39A9%\T,F%B7V%F,39?,V(Y9C'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$F5D/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+#`P,"PP,#`\'0^)FYB'0^)FYB'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^)FYB'0^)FYB'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$2=S(%-P;VYS;W(\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!T:&4@=6YD97)W'0^,2PQ,C4L M,#`P('-H87)EF%T:6]N2=S(&EN:71I86P@8G5S:6YE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R86)?868Q M-E\S8CEF-SEE-V8Y8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M.&,W86)B,#A?-39A9%\T,F%B7V%F,39?,V(Y9C'0O:'1M;#L@8VAA M2!O9B`Q,#4L,3@T M('-H87)E2!T:&4@0V]M<&%N>2=S(%-P;VYS;W(@;VX@36%R8V@@,C4L M(#(P,3,@86YD(&$@&-E960@)#$S+C`P('!E2`R,"!T7,@=VET:&EN(&%N>2`S,"UT M2!P97)I;V0@=VET:&EN(&9O=7(@>65A7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X- M"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!#;VUP86YY)W,@4W!O;G-O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S2!";V%R9"!O9B!$:7)E8W1O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$&-E960@ M)#$S+C`P('!E2`R,"!T7,@=VET:&EN(&%N>2`S,"UT2!P97)I;V0@=VET:&EN(&9O M=7(@>65A'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA2`H55-$("0I/&)R/CPO2`D,"XP,#8@ M<&5R('-H87)E('1O(&EN:71I86P@2`D,"XP,#8@<&5R('-H87)E('1O M(&EN:71I86P@'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!T:&4@=6YD97)W2=S('-T M;V-K(&1O97,@;F]T(&5Q=6%L(&]R(&5X8V5E9"`D,3,N,#`@<&5R('-H87)E M("AAF%T:6]N3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X M8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF-SEE-V8Y8C<-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&,W86)B,#A?-39A9%\T,F%B7V%F,39? M,V(Y9C'0O:'1M;#L@8VAA2`P.2P@,C`Q,SQB2!# M;VUP86YY)W,@4W!O;G-O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2!";V%R M9"!O9B!$:7)E8W1O'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$&-E960@)#$S+C`P('!E2`R,"!T7,@=VET:&EN(&%N>2`S M,"UT2!P97)I;V0@=VET:&EN(&9O=7(@>65A'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB2`H=7-E9"!I;BD@9FEN86YC:6YG(&%C=&EV:71I97,\+W1D/@T*("`@("`@ M("`\=&0@8VQA'0^)FYB'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF-SEE M-V8Y8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&,W86)B,#A? M-39A9%\T,F%B7V%F,39?,V(Y9C'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R MF%T:6]N+"!0 M;&%N(&]F($)U3PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/&1I=B!S='EL93TS1"=T97AT M+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SLG/CQF;VYT('-T>6QE/3-$ M)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M M=V5I9VAT.B!B;VQD.R<^3F]T92`Q)B,Q-C`[)B,X,C$R.R8C,38P.T]R9V%N M:7IA=&EO;BP@4&QA;B!O9B!"=7-I;F5S6QE/3-$)W1E>'0M:6YD96YT M.B`P<'0[(&1I2!S='EL93TS1"=T97AT+6EN9&5N=#H@,C=P=#L@9&ES M<&QA>3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT+69A M;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SY#87!I M=&]L($%C<75I2!W:&]S92!O8FIE8W1I=F4@:7,@=&\@86-Q M=6ER92P@=&AR;W5G:"!A(&UE6QE/3-$ M)W1E>'0M:6YD96YT.B`P<'0[(&1I2!S='EL93TS1"=T97AT+6EN9&5N M=#H@,C=P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@:6YL M:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z M(#$P<'0[)SY4:&4@0V]M<&%N>2!I2!A;F0@87,@2!I6QE M/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I2!S='EL93TS1"=T97AT+6EN M9&5N=#H@,C=P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@ M:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I M>F4Z(#$P<'0[)SY!="!-87)C:"`S,2P@,C`Q,RP@=&AE($-O;7!A;GD@:&%D M(&YO="!Y970@8V]M;65N8V5D(&%N>2!O<&5R871I;VYS+B8C,38P.R8C,38P M.T%L;"!A8W1I=FET>2!T:')O=6=H($UA2!H87,@6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I2!S='EL93TS1"=T97AT M+6EN9&5N=#H@,C=P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT M+7-I>F4Z(#$P<'0[)SY4:&4@2!F:6QE9"!A(&YE=R!R96=I2`R,"4@<'5R2!C;VYS=6UM871E9"!T:&4@3V9F97)I;F<@86YD(')E8V5I M=F5D('!R;V-E961S(&YE="!O9B!T:&4@=6YD97)W2!R96-E:79E9"`D-2PV,#`L,#`P M(&9R;VT@=&AE(&ES28C.#(Q-SMS(&UA;F%G M96UE;G0@:&%S(&)R;V%D(&1I2!T;W=A2XF(S$V,#LF(S$V,#M&=7)T:&5R;6]R92P@=&AE2X\+V9O;G0^/"]D M:78^#0H\9&EV('-T>6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I2!S M='EL93TS1"=T97AT+6EN9&5N=#H@,C=P=#L@9&ES<&QA>3H@8FQO8VL[(&UA M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SY5<&]N('1H92!C;&]S:6YG(&]F M('1H92!/9F9E2!I;B!5;FET960@4W1A=&5S(&=O M=F5R;FUE;G0@2!O9B`Q.#`@ M9&%Y2!M87)K970@9G5N9',@;65E=&EN M9R!C97)T86EN(&-O;F1I=&EO;G,@=6YD97(@4G5L92`R82TW('!R;VUU;&=A M=&5D('5N9&5R('1H92!);G9E28C.#(Q-SMS(')E9&5M<'1I;VX@;V8@,3`P)2!O M9B!T:&4@;W5T2!H87,@;F]T(&-O;G-U;6UA=&5D(&$@0G5S:6YE3H@8FQO8VL[ M)SXF(S$V,#L\+V1I=CX-"CQD:78@86QI9VX],T1J=7-T:69Y('-T>6QE/3-$ M)W1E>'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE M9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D M:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE2!C;VUP;&5T97,@82!" M=7-I;F5S2!H879E(&$@ M9F%I2!A8W%U:7)E(&$@=&%R9V5T(&)U2!E>&-E961S(#@P)2!O9B!T:&4@5')U6QE/3-$)W1E>'0M:6YD96YT.B`R M-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN M+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[ M(&9O;G0M9F%M:6QY.B!T:6UE'D@2!R96QE87-E9"!B>2!T:&4@0V]M<&%N>2!O&5S*2XF(S$V,#LF(S$V,#M4:&4@0V]M<&%N M>2!W:6QL(&-O;G-U;6UA=&4@86X@:6YI=&EA;"!"=7-I;F5S6QE/3-$)V1I2!S=&]C:VAO;&1E28C.#(Q-SMS M('-P;VYS;W(@86YD('1H92!O=&AE2`H8V]L;&5C=&EV96QY+"!T:&4@)B,X,C(P.TEN:71I M86P@4W1O8VMH;VQD97)S)B,X,C(Q.RD@:&%V92!A9W)E960@*&DI('1O('9O M=&4@86YY(&]F('1H96ER(')E6QE/3-$)W1E>'0M:6YD96YT.B`R-W!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@86QI9VX],T1J=7-T:69Y('-T M>6QE/3-$)W1E>'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL M93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE2`Q-2P@,C`Q-2!T;R!C;VUP;&5T92!T:&4@0G5S:6YE2`Q-2P@,C`Q-2!I9B!T:&4@0V]M<&%N>2!H M87,@97AE8W5T960@82!L971T97(@;V8@:6YT96YT+"!A9W)E96UE;G0@:6X@ M<')I;F-I<&%L(&]R(&1E9FEN:71I=F4@86=R965M96YT('=I=&@@3H@ M8FQO8VL[)SXF(S$V,#L\+V1I=CX-"CQD:78@86QI9VX],T1J=7-T:69Y('-T M>6QE/3-$)W1E>'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL M93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE2!A2!T;R!0=6)L:6,@4VAA2`D,3`N,#`@<&5R('-H87)E M*2P@<&QU2!U;FET3H@8FQO8VL[)SXF(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I M6QE/3-$)V1I2!C;&%I;7,@86=A:6YS M="!T:&4@0V]M<&%N>2XF(S$V,#LF(S$V,#M!;'1H;W5G:"!T:&4@0V]M<&%N M>2!W:6QL('-E96L@=&\@:&%V92!A;&P@=F5N9&]R2!K:6YD(&EN M(&]R('1O(&%N>2!M;VYI97,@:&5L9"!I;B!T:&4@5')U28C.#(Q-SMS(&5X96-U=&EV92!O9F9I8V5R7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA3L@=&5X="UI M;F1E;G0Z(#!P=#L@9&ES<&QA>3H@8FQO8VL[(&UA3H@8FQO8VL[)SXF(S$V,#L\+V1I M=CX-"CQD:78@86QI9VX],T1J=7-T:69Y('-T>6QE/3-$)W1E>'0M:6YD96YT M.B`P<'0[(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W M(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^ M0F%S:7,@;V8@4')E6QE/3-$)V1I6EN9R!U;F%U9&ET960@8V]N9&5N M6QE/3-$)W1E>'0M M:6YD96YT.B`P<'0[(&1I2!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T M.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I M9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[ M(&1I6QE M/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z M(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P M;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE6QE/3-$)W1E M>'0M:6YD96YT.B`P<'0[(&1I2!S='EL93TS1"=T97AT+6EN9&5N=#H@ M,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN M+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L M:6,[(&1I3H@8FQO8VL[)SXF(S$V,#L\+V1I=CX-"CQD M:78@3L@=&5X="UI;F1E;G0Z M(#(W<'0[(&1I6QE/3-$)V1I'!E8W1E9"!F=71U M"!L;W-S(&%N M9"!T87@@8W)E9&ET(&-A2!R97%U:7)E2!T:&%N(&YO="!T:&%T M(&%L;"!O6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P M;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P M<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I&5S(')E8V]G;FEZ960@:6X@86X@96YT97)P"!P;W-I=&EO;B!T86ME;B!O'!E8W1E9"!T;R!B92!T86ME M;B!I;B!A('1A>"!R971UF5D+"!A('1A>"!P;W-I=&EO;B!M=7-T(&)E(&UO&EN9R!A=71H;W)I=&EEF4Z(#$P<'0[)SYR97%U:7)E M9"!T;R!F:6QE(&EN8V]M92!T87@@28C.#(Q-SMS(&5V86QU871I;VXL(&ET(&AA"!P;W-I=&EO;G,@86YD(&1E M9'5C=&EO;G,@=V]U;&0@8F4@6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD M96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@ M;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I M;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE2!B92!S=6)J96-T M('1O(')E=FEE=R!A;F0@861J=7-T960@870@82!L871E7-E"!E>&%M:6YA=&EO;G,N/"]F;VYT/CPO9&EV/@T*/&1I=B!S='EL93TS M1"=T97AT+6%L:6=N.B!J=7-T:69Y.R!T97AT+6EN9&5N=#H@,C=P=#L@9&ES M<&QA>3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ M(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@ M;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S M='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE"!E>'!E;G-E+B!4 M:&5R92!W97)E(&YO(&%M;W5N=',@86-C3L@=&5X="UI;F1E;G0Z(#(W<'0[ M(&1I3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T M.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I M9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O M;G0M9F%M:6QY.B!T:6UE6QE/3-$)V1I2!S=&]C:R!M971H;V0N)B,X,C(Q.SPO9F]N=#X\+V1I=CX-"CQD M:78@3L@=&5X="UI;F1E;G0Z M(#(W<'0[(&1I6QE.B!I=&%L:6,[(&1I6QE/3-$)W1E>'0M M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B M;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF M(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$ M)V1I2!T;R!C;VYC96YT M2!H860@;F]T(&5X<&5R:65N8V5D(&QO2!W87,@;F]T(&5X<&]S960@=&\@6QE M/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@3H@8FQO8VL[(&UA M3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T M.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I M9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O M;G0M9F%M:6QY.B!T:6UE2!A8V-E<'1E9"!I;B!T:&4@56YI=&5D(%-T871E3H@8FQO8VL[(&UA M6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD M96YT.B`P<'0[(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@ M;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD M.R<^4F5C96YT($%C8V]U;G1I;F<@4')O;F]U;F-E;65N=',\+V9O;G0^/"]D M:78^#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P M=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[ M(&1I6QE/3-$)V1I3H@8FQO M8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E M>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V9O;G0M M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT M.B!B;VQD.R<^4W5B6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R M-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN M+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@6QE/3-$)V1I2!A;GD@'0O:F%V87-C M3X-"B`@("`\=&%B;&4@ M8VQA2!S='EL93TS1"=T97AT+6EN9&5N=#H@ M,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN M+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[ M(&9O;G0M9F%M:6QY.B!T:6UE3H@8FQO8VL[(&UA6QE/3-$ M)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P M;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P M<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M M:6QY.B!T:6UE2`Q-2P@,C`Q,RP@ M=&AE($-O;7!A;GD@2!T:&%T('1H97D@=VEL;"!N;W0@8F4@97AE28C.#(Q-SMS($-O;6UO;B!3=&]C:RP@)#`N M,#`P,2!P87(@=F%L=64L(&%N9"!O;F4@:&%L9B!O9B!O;F4@3H@:6YL:6YE.R!F;VYT M+7-I>F4Z(#'0M=&]P.R<^;F0\+V9O M;G0^(&1A>2!F;VQL;W=I;F<@=&AE(&1A=&4@;V8@=&AE(%!R;W-P96-T=7,@ M=6YL97-S('1H92!#:71I9W)O=7`@1VQO8F%L($UA2!W:&]L M92!787)R86YT2!D87ES(&%F=&5R('1H92!C M;VUP;&5T:6]N(&)Y('1H92!#;VUP86YY(&]F(&ET65A2!O9B!T:&4@ M8V]M<&QE=&EO;B!B>2!T:&4@0V]M<&%N>2!O9B!I=',@:6YI=&EA;"!"=7-I M;F5S6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P M=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[ M(&1I6QE/3-$)V1I2!B92!R961E96UE9"!B>2!T:&4@0V]M<&%N>2!I M;B!W:&]L92!A;F0@;F]T(&EN('!A&5R M8VES86)L92P@=7!O;B!A(&UI;FEM=6T@;V8@,S`@9&%YF%T:6]N M6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R M-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN M+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@6QE/3-$)V1I&5R8VES92!P2!S M=7)R96YD97)I;F<@=&AE('=A2!D:79I9&EN9R`H>"D@=&AE('!R;V1U8W0@;V8@=&AE(&YU M;6)E3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI M9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C M:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N M="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE M'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA2!S='EL93TS1"=T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y M.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`R,"XY M<'0[)SX\9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I6QE/3-$)V1I M2!O9B!L96=A;"P@=6YD97)W2!R96QA=&5D('1O('1H92!/ M9F9E'1087)T7SAC-V%B8C`X7S4V861?-#)A M8E]A9C$V7S-B.68W.64W9CEB-PT*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO M+R]#.B\X8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF-SEE-V8Y8C'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA6%B;&4@86YD($%D=F%N8V5S($9R;VT@ M4F5L871E9"!087)T>2!;06)S=')A8W1=/"]S=')O;F<^/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&5X=#X\6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V9O M;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL M>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I M9VAT.B!B;VQD.R<^3F]T92`U("8C.#(Q,CL@3F]T92!087EA8FQE(&%N9"!! M9'9A;F-E6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P M<'0[(&1I6QE M/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M M9F%M:6QY.B!T:6UE&5C=71I=F4@3V9F:6-E2`S+"`R,#$Q+B!4:&4@;F]T92!W87,@;F]N+6EN=&5R97-T M(&)E87)I;F<@86YD('=A3H@ M8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@ M=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SY4:&4@2!A;B!A9V=R96=A M=&4@;V8@)#8L.3`V(&%S(&]F($UA3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF-SEE-V8Y M8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&,W86)B,#A?-39A M9%\T,F%B7V%F,39?,V(Y9C'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/&1I=B!S='EL M93TS1"=T97AT+6%L:6=N.B!J=7-T:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SX\9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I M6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M M:6YD96YT.B`P<'0[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT M.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R M9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI M;F4[(&9O;G0M9F%M:6QY.B!T:6UE2`Q,"P@,C`Q,RP@=&AE($-O;7!A;GD@96YT97)E9"!I M;G1O(&%N(&%G2!P86ED M(&%N('5N9&5R=W)I=&EN9R!D:7-C;W5N="!O9B`R+C`E(&]F('1H92!G3H@8FQO8VL[(&UA6QE/3-$)W1E>'0M86QI9VXZ(&IU M'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R M9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL M93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T:6UE28C.#(Q-SMS($-H:65F($5X96-U=&EV92!/9F9I8V5R(&AA2!C97)T86EN(&]F9FEC92!S<&%C92!A;F0@861M:6YI M2!B92!R97%U M:7)E9"!B>2!T:&4@0V]M<&%N>2!F2!H87,@86=R965D('1O('!A>2!S=6-H(&%F9FEL M:6%T92`D-RPU,#`@<&5R(&UO;G1H(&9O3X- M"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D7S0R M86)?868Q-E\S8CEF-SEE-V8Y8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z M+R\O0SHO.&,W86)B,#A?-39A9%\T,F%B7V%F,39?,V(Y9C'0O:'1M M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/&1I=B!S='EL93TS1"=T97AT M+6%L:6=N.B!J=7-T:69Y.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B M;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\ M9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`P<'0[ M(&1I6QE/3-$)V1I3L@=&5X M="UI;F1E;G0Z(#,V<'0[(&1I6QE/3-$)V1I3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT M+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SY4 M:&4@0V]M<&%N>2!IF5D('1O(&ES2!B92!D971E3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I6QE M.B!I=&%L:6,[(&1I3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O M;6%N.R!F;VYT+7-I>F4Z(#$P<'0[)SY4:&4@0V]M<&%N>2!IF5D('1O(&ES6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE M9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD M:78@3L@=&5X="UI;F1E;G0Z M(#(W<'0[(&1I6QE/3-$)V1I28C.#(Q-SMS(&-O;6UO M;B!S=&]C:R!W97)E('-O;&0@=&\@0V%P:71A;"!!8W%U:7-I=&EO;B!-86YA M9V5M96YT(#(@3$Q#("AT:&4@)B,X,C(P.U-P;VYS;W(F(S@R,C$[*2!A="!A M('!R:6-E(&]F(&%P<')O>&EM871E;'D@)#`N,#`V('!EF%T:6]N M28C.#(Q-SMS M(&EN:71I86P@0G5S:6YE7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE M.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P M<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^0F%S:7,@;V8@4')E6QE/3-$)V1I6EN9R!U;F%U9&ET960@8V]N9&5N2!S='EL93TS M1"=T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE M9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS1"=F M;VYT+7-T>6QE.B!I=&%L:6,[(&1I6QE/3-$)W1E>'0M:6YD96YT.B`P<'0[(&1I6QE/3-$)W1E>'0M M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B M;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\ M9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M9F%M:6QY.B!T M:6UE6QE/3-$)W1E>'0M:6YD96YT.B`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`[/"]F;VYT/CQF;VYT('-T>6QE/3-$)V1I3L@=&5X M="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I"!P;W-I=&EO;G,@;6%Y(&)E('-U M8FIE8W0@=&\@"!L87=S+"!R96=U M;&%T:6]N2!E>&%M:6YE('1H92!T87@@ M65A65A6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T M.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I M9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I2!U;F%W87)E(&]F(&%N M>2!I6UE;G1S+"!A8V-R=6%L6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[ M(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N M.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^3&]S6QE/3-$)W1E>'0M86QI M9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C M:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V M,#L\+V1I=CX-"CQD:78@3L@ M=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$)V1I M'0^/&1I=B!S='EL93TS1"=T M97AT+6%L:6=N.B!L969T.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B M;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\ M9F]N="!S='EL93TS1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I6QE/3-$)W1E>'0M M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B M;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF M(S$V,#L\+V1I=CX-"CQD:78@3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I6QE/3-$ M)V1I2!T;R!C;VYC96YT M2!H860@;F]T(&5X<&5R:65N8V5D(&QO2!W87,@;F]T(&5X<&]S960@=&\@6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M:6YD96YT.B`P<'0[(&1I M6QE/3-$)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B;VQD.R<^57-E(&]F($5S M=&EM871E3L@=&5X="UI;F1E;G0Z(#(W<'0[(&1I3H@8FQO8VL[(&UA3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM97,@;F5W(')O;6%N.R!F M;VYT+7-I>F4Z(#$P<'0[)SY4:&4@<')E<&%R871I;VX@;V8@9FEN86YC:6%L M('-T871E;65N=',@:6X@8V]N9F]R;6ET>2!W:71H(&%C8V]U;G1I;F<@<')I M;F-I<&QE6QE/3-$)W1E>'0M86QI9VXZ(&QE9G0[('1E>'0M M:6YD96YT.B`P<'0[(&1I6QE/3-$)V9O;G0M3H@:6YL:6YE.R!F;VYT+69A;6EL>3H@=&EM M97,@;F5W(')O;6%N.R!F;VYT+7-I>F4Z(#$P<'0[(&9O;G0M=V5I9VAT.B!B M;VQD.R<^4F5C96YT($%C8V]U;G1I;F<@4')O;F]U;F-E;65N=',\+V9O;G0^ M/"]D:78^#0H\9&EV('-T>6QE/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z M(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SXF(S$V,#L\+V1I=CX-"CQD:78@ M3L@=&5X="UI;F1E;G0Z(#(W M<'0[(&1I6QE/3-$)V1I3H@ M8FQO8VL[(&UA'0^/&1I=B!S='EL93TS1"=T97AT+6%L:6=N.B!L M969T.R!T97AT+6EN9&5N=#H@,'!T.R!D:7-P;&%Y.B!B;&]C:SL@;6%R9VEN M+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT.B`P<'0[)SX\9F]N="!S='EL93TS M1"=F;VYT+7-T>6QE.B!I=&%L:6,[(&1I3H@8FQO8VL[(&UA6QE M/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SX\9F]N="!S='EL93TS1"=D:7-P;&%Y.B!I;FQI;F4[(&9O;G0M M9F%M:6QY.B!T:6UE6QE M/3-$)W1E>'0M86QI9VXZ(&IU'0M:6YD96YT.B`R-W!T.R!D M:7-P;&%Y.B!B;&]C:SL@;6%R9VEN+6QE9G0Z(#!P=#L@;6%R9VEN+7)I9VAT M.B`P<'0[)SXF(S$V,#L\+V1I=CX\'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S2=S(')E9&5M<'1I;VX@;V8@,3`P)2!O M9B!T:&4@;W5T2!H87,@;F]T(&-O;G-U;6UA=&5D(&$@0G5S:6YE'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D M>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X8S=A8F(P.%\U-F%D M7S0R86)?868Q-E\S8CEF-SEE-V8Y8C<-"D-O;G1E;G0M3&]C871I;VXZ(&9I M;&4Z+R\O0SHO.&,W86)B,#A?-39A9%\T,F%B7V%F,39?,V(Y9C'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT;6P[(&-H87)S M970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@ M:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M M;#L@8VAA2`Q-2P@,C`Q,SQB'1U86PI M/"]S=')O;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^16%C:"!W:&]L92!7 M87)R86YT(&5N=&ET;&5S(&ET2!D87ES M(&%F=&5R('1H92!C;VUP;&5T:6]N(&)Y('1H92!#;VUP86YY(&]F(&ET65A2!O9B!T:&4@8V]M<&QE=&EO;B!B>2!T:&4@0V]M<&%N>2!O9B!I=',@ M:6YI=&EA;"!"=7-I;F5S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!T:6UE('1H M92!W87)R86YT7,G('!R:6]R('=R:71T96X@;F]T:6-E(&]F(')E9&5M<'1I;VXL M(&EF+"!A;F0@;VYL>2!I9BP@=&AE(&QA&-E961S("0R-"XP,"!P97(@F%T:6]N2`R,"!T7,@ M=VET:&EN(&$@,S`@=')A9&EN9R!D87D@<&5R:6]D(&5N9&EN9R!T:')E92!B M=7-I;F5S2!S96YD6EN9R!S=6-H('=A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M2!B92!E>&5R8VES960@9F]R(&-A2!A2!T M:&4@:6YI=&EA;"!P=7)C:&%S97)S(&]R(&%N>2!O9B!T:&5I2!O9B!T:&4@4W!O;G-O7,@ M869T97(@=&AE(&-O;7!L971I;VX@;V8@86X@:6YI=&EA;"!"=7-I;F5S'1087)T7SAC-V%B8C`X7S4V861?-#)A8E]A9C$V7S-B.68W.64W9CEB-PT* M0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B\X8S=A8F(P.%\U-F%D7S0R M86)?868Q-E\S8CEF-SEE-V8Y8C'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6%B;&4@86YD($%D=F%N8V5S(&9R;VT@4F5L871E9"!087)T>2`H1&5T86EL M&5C=71I=F4@ M3V9F:6-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA2`Q,"P@,C`Q,SQB2!W:6QL(&%L2!U<&]N(&-O;G-U;6UA=&EO;B!O9B!A($)U3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\X M8S=A8F(P.%\U-F%D7S0R86)?868Q-E\S8CEF-SEE-V8Y8C<-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO.&,W86)B,#A?-39A9%\T,F%B7V%F,39? M,V(Y9C'0O:'1M;#L@8VAA2`P.2P@,C`Q,SQB2`H5&5X='5A;"D\+W-T2!";V%R9"!O9B!$:7)E8W1O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^)FYB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^)FYB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^)FYB M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^)FYB'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$F5D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XR,#`L M,#`P+#`P,#QS<&%N/CPO'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$2=S(%-P;VYS;W(\+W1D/@T*("`@("`@("`\=&0@8VQA'0^5&AE M('-H87)EF%T:6]N7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC M XML 22 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 38 109 1 true 6 0 false 7 false false R1.htm 001 - Document - Document and Entity Information Sheet http://www.capitolacquisition.com/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 002 - Statement - Condensed Balance Sheets Sheet http://www.capitolacquisition.com/role/CondensedBalanceSheets Condensed Balance Sheets false false R3.htm 003 - Statement - Condensed Balance Sheets (Parenthetical) Sheet http://www.capitolacquisition.com/role/CondensedBalanceSheetsParenthetical Condensed Balance Sheets (Parenthetical) false false R4.htm 004 - Statement - Condensed Statements of Operations (Unaudited) Sheet http://www.capitolacquisition.com/role/CondensedStatementsOfOperationsUnaudited Condensed Statements of Operations (Unaudited) false false R5.htm 005 - Statement - Condensed Statements of Operations (Unaudited) (Parenthetical) Sheet http://www.capitolacquisition.com/role/CondensedStatementsOfOperationsUnauditedParenthetical Condensed Statements of Operations (Unaudited) (Parenthetical) false false R6.htm 006 - Statement - Condensed Statement of Changes in Stockholders' Equity Sheet http://www.capitolacquisition.com/role/CondensedStatementOfChangesInStockholdersEquity Condensed Statement of Changes in Stockholders' Equity false false R7.htm 007 - Statement - Condensed Statement of Changes in Stockholders' Equity (Parenthetical) Sheet http://www.capitolacquisition.com/role/CondensedStatementOfChangesInStockholdersEquityParenthetical Condensed Statement of Changes in Stockholders' Equity (Parenthetical) false false R8.htm 008 - Statement - Condensed Statement of Cash Flows (Unaudited) Sheet http://www.capitolacquisition.com/role/CondensedStatementOfCashFlowsUnaudited Condensed Statement of Cash Flows (Unaudited) false false R9.htm 009 - Disclosure - Organization, Plan of Business Operations and Liquidity Sheet http://www.capitolacquisition.com/role/OrganizationPlanOfBusinessOperationsAndLiquidity Organization, Plan of Business Operations and Liquidity false false R10.htm 010 - Disclosure - Significant Accounting Policies Sheet http://www.capitolacquisition.com/role/SignificantAccountingPolicies Significant Accounting Policies false false R11.htm 011 - Disclosure - Initial Public Offering and Insider Warrants Sheet http://www.capitolacquisition.com/role/InitialPublicOfferingAndInsiderWarrants Initial Public Offering and Insider Warrants false false R12.htm 012 - Disclosure - Deferred Offering Costs Sheet http://www.capitolacquisition.com/role/DeferredOfferingCosts Deferred Offering Costs false false R13.htm 013 - Disclosure - Note Payable and Advances from Related Party Sheet http://www.capitolacquisition.com/role/NotePayableAndAdvancesFromRelatedParty Note Payable and Advances from Related Party false false R14.htm 014 - Disclosure - Commitments and Contingencies Sheet http://www.capitolacquisition.com/role/CommitmentsAndContingencies Commitments and Contingencies false false R15.htm 015 - Disclosure - Stockholders' Equity Sheet http://www.capitolacquisition.com/role/StockholdersEquity Stockholders' Equity false false R16.htm 016 - Disclosure - Significant Accounting Policies (Policies) Sheet http://www.capitolacquisition.com/role/SignificantAccountingPoliciesPolicies Significant Accounting Policies (Policies) false false R17.htm 017 - Disclosure - Organization, Plan of Business Operations and Liquidity (Details) Sheet http://www.capitolacquisition.com/role/OrganizationPlanofBusinessOperationsandLiquidityDetails Organization, Plan of Business Operations and Liquidity (Details) false false R18.htm 018 - Disclosure - Significant Accounting Policies (Details) Sheet http://www.capitolacquisition.com/role/SignificantAccountingPoliciesDetails Significant Accounting Policies (Details) false false R19.htm 019 - Disclosure - Initial Public Offering and Insider Warrants (Details) Sheet http://www.capitolacquisition.com/role/InitialPublicOfferingandInsiderWarrantsDetails Initial Public Offering and Insider Warrants (Details) false false R20.htm 020 - Disclosure - Note Payable and Advances from Related Party (Details) Sheet http://www.capitolacquisition.com/role/NotePayableandAdvancesfromRelatedPartyDetails Note Payable and Advances from Related Party (Details) false false R21.htm 021 - Disclosure - Commitments and Contingencies (Details) Sheet http://www.capitolacquisition.com/role/CommitmentsandContingenciesDetails Commitments and Contingencies (Details) false false R22.htm 022 - Disclosure - Stockholders' Equity (Details) Sheet http://www.capitolacquisition.com/role/StockholdersEquityDetails Stockholders' Equity (Details) false false All Reports Book All Reports Process Flow-Through: 002 - Statement - Condensed Balance Sheets Process Flow-Through: Removing column 'Mar. 31, 2012' Process Flow-Through: Removing column 'Dec. 31, 2011' Process Flow-Through: Removing column 'Aug. 09, 2010' Process Flow-Through: 003 - Statement - Condensed Balance Sheets (Parenthetical) Process Flow-Through: Removing column '3 Months Ended Mar. 31, 2012' Process Flow-Through: 004 - Statement - Condensed Statements of Operations (Unaudited) Process Flow-Through: Removing column '12 Months Ended Dec. 31, 2012' Process Flow-Through: Removing column '17 Months Ended Dec. 31, 2011' Process Flow-Through: 005 - Statement - Condensed Statements of Operations (Unaudited) (Parenthetical) Process Flow-Through: 007 - Statement - Condensed Statement of Changes in Stockholders' Equity (Parenthetical) Process Flow-Through: 008 - Statement - Condensed Statement of Cash Flows (Unaudited) Process Flow-Through: Removing column '12 Months Ended Dec. 31, 2012' clacu-20130331.xml clacu-20130331.xsd clacu-20130331_cal.xml clacu-20130331_def.xml clacu-20130331_lab.xml clacu-20130331_pre.xml true true XML 23 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Parenthetical) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
May 09, 2013
Stock_dividend
Mar. 25, 2013
Balance Sheets [Abstract]        
Preferred stock, par value $ 0.0001 $ 0.0001    
Preferred stock, shares authorized 1,000,000 1,000,000    
Preferred stock, shares issued          
Preferred stock, shares outstanding          
Common stock, par value $ 0.0001 $ 0.0001    
Common stock, shares authorized 200,000,000 200,000,000    
Common stock, shares issued 5,175,000 5,175,000    
Common stock, shares outstanding 5,175,000 5,175,000    
Common shares contributed by Company's Sponsor       105,184
Share dividend authorized by Board of Directors for each outstanding share of common stock     0.2  
Description of shares subject to forfeiture, condition one An aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.      
Description of shares subject to forfeiture, condition two 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.      
Shares subject to forfeiture under condition one 675,000 675,000    
Shares subject to forfeiture under condition two 1,125,000 1,125,000    
Minimum sale price of share under condition two $ 13.00 $ 13.00    
XML 24 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies
3 Months Ended
Mar. 31, 2013
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
Note 6 —Commitments and Contingencies
 
On May 10, 2013, the Company entered into an agreement with the underwriters (“Underwriting Agreement”). Pursuant to the Underwriters Agreement, the Company paid an underwriting discount of 2.0% of the gross proceeds of the Offering, or $4,000,000. The Company will also pay the underwriters in the Offering an additional deferred underwriting discount of 4.0% of the gross proceeds of the Offering (“Deferred Commissions”) which will be placed in the Trust Account and paid only upon consummation of a Business Combination.
 
An affiliate of the Company’s Chief Executive Officer has agreed that, until the Company consummates a Business Combination, it will make available to the Company certain office space and administrative abd support services, as may be required by the Company from time to time.  The Company has agreed to pay such affiliate $7,500 per month for such services commencing on May 9, 2013
XML 25 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Unaudited) (Parenthetical) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
May 09, 2013
Stock_dividend
Mar. 25, 2013
Statements Of Operations [Abstract]          
Common shares contributed by Company's Sponsor         105,184
Share dividend authorized by Board of Directors for each outstanding share of common stock       0.2  
Description of shares subject to forfeiture, condition one An aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.        
Description of shares subject to forfeiture, condition two 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.        
Shares subject to forfeiture under condition one 675,000 675,000 675,000    
Shares subject to forfeiture under condition two 1,125,000 1,125,000 1,125,000    
Minimum sale price of share under condition two $ 13.00 $ 13.00 $ 13.00    
XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current assets    
Cash $ 1,047 $ 2,577
Total current assets 1,047 2,577
Deferred offering costs 210,289 165,198
Total assets 211,336 167,775
Current Liabilities    
Accounts payable and accrued expenses 41,075 20
Due to related party 6,906   
Note payable to related party 150,000 150,000
Total current liabilities 197,981 150,020
Commitments and contingencies      
Stockholders' equity    
Preferred stock, $0.0001 per share, 1,000,000 shares authorized, none issued or outstanding      
Common stock, $0.0001 par value, 200,000,000 shares authorized; 5,175,000 shares issued and outstanding(1)(2) 517 [1],[2] 517 [1],[2]
Additional paid-in capital 24,483 24,483
Deficit accumulated during development stage (11,645) (7,245)
Total stockholders' equity 13,355 17,755
Total liabilities and stockholders' equity $ 211,336 $ 167,775
[1] Share amounts have been retroactively restated to reflect the contribution to the Company of 105,184 shares by the Company's Sponsor on March 25, 2013 and a stock dividend of 0.2 shares for each outstanding share of common stock on May 9, 2013 (see Note 7)
[2] This number includes an aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters. Also includes 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.
XML 27 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note Payable and Advances from Related Party
3 Months Ended
Mar. 31, 2013
Note Payable and Advances From Related Party [Abstract]  
Note Payable and Advances from Related Party
Note 5 — Note Payable and Advances from Related Party
 
The Company issued a $150,000 principal amount unsecured promissory note to an affiliate of the Company’s Chief Executive Officer on February 3, 2011. The note was non-interest bearing and was payable on the consummation of the Initial Public Offering.   The note was repaid in full on the closing of the Offering.
 
The same affiliate also advanced the Company an aggregate of $6,906 as of March 31, 2013 for costs associated with the Offering. This advance was repaid in full on the closing of the Offering.
XML 28 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2013
Significant Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
 
The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the instructions to Form 10-Q.  Accordingly, they do not include all of the information and footnotes required by GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included.  The Company has evaluated subsequent events through the issuance of this Form 10-Q.  Operating results for the quarter ended March 31, 2013 are not necessarily indicative of the results that may be expected for the year ending December 31, 2013 or any other period.
Cash and Cash Equivalents
Cash and Cash Equivalents
 
The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. At March 31, 2013, the Company’s cash is held at one financial institution.
Income Taxes
Income Taxes
 
The Company accounts for income taxes under Accounting Standards Codification (“ASC”) 740 Income Taxes (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statements and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
 
ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. The Company is required to file income tax returns in the United States (federal) jurisdiction. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. The Company believes that its income tax positions and deductions would be sustained on audit and does not anticipate any adjustments that would result in a material change to its financial position.
   
The Company’s conclusions regarding uncertain tax positions may be subject to review and adjusted at a later date based upon ongoing analyses of tax laws, regulations, and interpretations thereof as well as other factors.  Generally, federal and state authorities may examine the tax returns for three years from the date of filing; therefore the years ended December 31, 2012 and 2011 and the period from August 9, 2010 (inception) through December 31, 2010 remain subject to examination as of March 31, 2013.  There are currently no ongoing income tax examinations.
 
The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the period from August 9, 2010 (inception) through March 31, 2013. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
Loss per Share
Loss per Share
 
Basic loss per share is calculated using the weighted - average number of shares of common stock and diluted loss per share is computed on the basis of the average number of common stock outstanding plus the effect of outstanding warrants using the “treasury stock method.”
Concentration of Credit Risk
Concentration of Credit Risk
 
Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which at times, may exceed the Federal depository insurance coverage of $250,000.  At March 31, 2013, the Company had not experienced losses on these accounts and management believed the Company was not exposed to significant risks on such accounts.
Use of Estimates
Use of Estimates
 
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
 
Management does not believe that any recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
 
Subsequent Events
Subsequent Events
 
Management of the Company evaluated events that have occurred after the balance sheet date of March 31, 2013 but before the condensed financial statements were available to be issued. Except as disclosed in Notes 1, 3, and 7, management did not identify any recognized or non-recognized subsequent event that would have required adjustment or disclosure in the financial statements.
 
XML 29 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Deferred Offering Costs
3 Months Ended
Mar. 31, 2013
Deferred Offering Costs [Abstract]  
Deferred Offering Costs
Note 4 — Deferred Offering Costs
 
Deferred offering costs consist principally of legal, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Offering and that were charged to stockholders’ equity upon the completion of the Offering (See Note 3).
XML 30 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statement of Changes in Stockholders' Equity (Parenthetical) (USD $)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
May 09, 2013
Stock_dividend
Mar. 25, 2013
Statement Of Changes In Stockholders' Equity [Abstract]          
Common shares contributed by Company's Sponsor         105,184
Share dividend authorized by Board of Directors for each outstanding share of common stock       0.2  
Description of shares subject to forfeiture, condition one An aggregate of 675,000 shares that are subject to forfeiture if the over-allotment option is not exercised by the underwriters.        
Description of shares subject to forfeiture, condition two 1,125,000 shares that are subject to forfeiture if the last sales prices of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial business combination.        
Shares subject to forfeiture under condition one 675,000 675,000 675,000    
Shares subject to forfeiture under condition two 1,125,000 1,125,000 1,125,000    
Minimum sale price of share under condition two $ 13.00 $ 13.00 $ 13.00    
XML 31 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 32 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Initial Public Offering and Insider Warrants (Details) (Subsequent Event [Member], USD $)
0 Months Ended 3 Months Ended
May 17, 2013
May 15, 2013
Mar. 31, 2013
Subsequent Event [Member]
     
Initial Public Offering and Insider Warrants (Textual)      
Number of units sold in connection with initial public offering   20,000,000  
Price per unit in initial public offering   $ 10.00  
Number of unit sold subject to the Underwriters' over-allotment option   2,000,000  
Gross proceeds from initial public offering   $ 200,000,000  
Number of common share to be forfeited prior to offering 175,000    
Description of unit     Each unit consists of one share of the Company's Common Stock, $0.0001 par value, and one half of one redeemable warrant ("Warrants") to purchase one share of Common Stock.
Description of common stock and warrants included in units     The shares of Common Stock and the Warrants included in the Units will not trade separately until the 52nd day following the date of the Prospectus unless the Citigroup Global Markets Inc. informs the Company of its decision to allow earlier separate trading, subject to (a) the preparation of an audited balance sheet of the Company reflecting receipt by the Company of the proceeds of the Offering, (b) the filing by the Company of such audited balance sheet with the Commission on a Form 8-K or similar form, and (c) the issuance by the Company of a press release announcing when such separate trading will begin.
Description of warrant exercise to purchase one share of common stock     Each whole Warrant entitles its holder, upon exercise, to purchase one share of Common Stock for $11.50 subject to certain adjustments, during the period commencing on the later of thirty days after the completion by the Company of its initial Business Combination or twelve months from the date of the consummation of the Offering and terminating on the five-year anniversary of the completion by the Company of its initial Business Combination or earlier upon redemption or liquidation of the Trust Account.
Exercise price of one common share $ 11.50    
Warrants outstanding   15,600,000  
Number of warrants purchased by sponsor   5,600,000  
Warrants purchased in connection with sale of units related to offering   10,000,000  
Warrants redemption price   $ 0.01  
Description of warrant redemption     The Warrants may be redeemed by the Company in whole and not in part, at a price of $0.01 per warrant at any time the warrants are exercisable, upon a minimum of 30 days' prior written notice of redemption, if, and only if, the last sales price of the Company's shares of common stock equals or exceeds $24.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within a 30 trading day period ending three business days before the Company sends the redemption notice; and if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants.
Purchase price of warrants   1.00  
Number of sponsors warrants issued in private placement   5,600,000  
Proceeds from issuance of sponsors warrants in private placement   $ 5,600,000  
Description of warrant sponsors     The Sponsors' Warrants are identical to the Warrants included in the Units sold in the Offering except that the Sponsors' Warrants: (i) will not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, in each case so long as they are held by the initial purchasers or any of their permitted transferees. The purchasers of the Sponsors' Warrants have also agreed not to transfer, assign or sell any of the Sponsors' Warrants, including the common stock issuable upon exercise of the Sponsors' Warrants (except to certain permitted transferees), until 30 days after the completion of an initial Business Combination.
XML 33 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity
3 Months Ended
Mar. 31, 2013
Stockholders' Equity [Abstract]  
Stockholders' Equity
Note 7 —Stockholders’ Equity
 
Preferred Stock
 
The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2013, there are no shares of preferred stock issued or outstanding.
 
Common Stock
 
The Company is authorized to issue 200,000,000 shares of common stock with a par value of $0.0001 per share.
 
In connection with the organization of the Company, on February 3, 2011, a total of 4,417,684 shares of the Company’s common stock were sold to Capital Acquisition Management 2 LLC (the “Sponsor”) at a price of approximately $0.006 per share for an aggregate of $25,000. On March 25, 2013, the Sponsor contributed an aggregate of 105,184 shares of the Company’s common stock to the Company at no cost for cancellation. Effective May 9, 2013, the Company’s Board of Directors authorized a stock dividend of 0.2 shares for each outstanding share of common stock, resulting in 5,175,000 shares outstanding. All references in the accompanying financial statements to the number of shares of common stock have been retroactively restated to reflect these transactions. On May 17, 2013, the underwriters in the Public Offering indicated to the Company that they will not be exercising the remaining portion of the over-allotment option.  As a result, the Company’s Initial Stockholders will be required to forfeit an aggregate of 175,000 shares of Common Stock issued to them prior to the Public Offering.  The shares held by the Initial Stockholders includes 1,250,000 shares that are subject to forfeiture if the last sales price of the Company’s stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company’s initial Business Combination.
XML 34 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity (Details) (USD $)
3 Months Ended 0 Months Ended
Mar. 31, 2013
May 09, 2013
Stock_dividend
Mar. 25, 2013
Dec. 31, 2012
Feb. 03, 2011
May 17, 2013
Subsequent Event [Member]
May 09, 2013
Subsequent Event [Member]
Stock_dividend
Stockholders' Equity (Textual)              
Share dividend authorized by Board of Directors for each outstanding share of common stock   0.2         0.2
Number of common share to be forfeited prior to offering           175,000  
Number of shares subject to forfeiture held by initial stockholders           1,250,000  
Preferred stock, shares authorized 1,000,000     1,000,000      
Preferred stock, par value $ 0.0001     $ 0.0001      
Preferred stock, shares issued                
Preferred stock, shares outstanding                
Common stock, shares authorized 200,000,000     200,000,000      
Common stock, par value $ 0.0001     $ 0.0001      
Share price         $ 0.006    
Common shares contributed by Company's Sponsor     105,184        
Common stock, shares outstanding 5,175,000     5,175,000      
Description of shares held by the Initial Stockholders The shares held by the Initial Stockholders includes 1,250,000 shares that are subject to forfeiture if the last sales price of the Company's stock does not equal or exceed $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period within four years following the closing of the Company's initial Business Combination.            
XML 35 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note Payable and Advances from Related Party (Details) (USD $)
Mar. 31, 2013
Dec. 31, 2012
Mar. 31, 2013
Chief Executive Officer [Member]
Feb. 03, 2011
Chief Executive Officer [Member]
Note Payable and Advances from Related Party (Textual)        
Principal amount of unsecured promissory note issued to an affiliate $ 150,000 $ 150,000   $ 150,000
Advances from affiliate for costs associated with offering $ 6,906    $ 6,906  
XML 36 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
3 Months Ended
Mar. 31, 2013
Jun. 21, 2013
Document and Entity Information [Abstract]    
Entity Registrant Name Capitol Acquisition Corp. II  
Entity Central Index Key 0001512499  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Document Type 10-Q  
Document Period End Date Mar. 31, 2013  
Document Fiscal Year Focus 2013  
Document Fiscal Period Focus Q1  
Entity Filer Category Non-accelerated Filer  
Entity Common Stock, Shares Outstanding   25,000,000
XML 37 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies (Details) (Subsequent Event [Member], Underwriting Agreement [Member], USD $)
0 Months Ended
May 10, 2013
Subsequent Event [Member] | Underwriting Agreement [Member]
 
Commitments and Contingencies (Textual)  
Underwriting Commitments Pursuant to the Underwriters Agreement, the Company paid an underwriting discount of 2.0% of the gross proceeds of the Offering, or $4,000,000. The Company will also pay the underwriters in the Offering an additional deferred underwriting discount of 4.0% of the gross proceeds of the Offering ("Deferred Commissions") which will be placed in the Trust Account and paid only upon consummation of a Business Combination.
Percentage of gross proceeds of offering paid under underwriting discount 2.00%
Underwriting discount gross proceeds of the offering $ 4,000,000
additional deferred underwriting discount to be paid to underwriters 4.00%
Amount agreed to pay to affiliate for office space and administrative abd support services commencing on May 9, 2013 (Per Month) $ 7,500