6.	Trust Account

A total of $150,000,000, which includes $147,000,000 of the net proceeds from the Public Offering, $2,652,900 from the sale of the Private Placement Warrants and $347,100 paid by the underwriters to the Company as reimbursement for certain expenses incurred in connection with the Public Offering, was placed in the Trust Account. As of June 16, 2015, the balance in the Trust Account was $150,000,330.

As of June 16, 2015, investment securities in the Company’s Trust Account consist of $150,000,000 in United States Treasury Bills and $330 of cash equivalents. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320, “Investments – Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheets and adjusted for the amortization or accretion of premiums or discounts. At June 16, 2015, the carrying amount held in trust is stated at its fair value, which approximates amortized cost.

The carrying amount, excluding interest income, gross unrealized holding gains and fair value of held-to-maturity securities at June 16, 2015 and December 30, 2014 are as follows:

Held-to-maturity:	Carrying Amount		Gross Unrealized Holdings Gains (Losses)		Fair Value
U.S. Treasury Securities – June 16, 2015	$	150,000,000	$	-	$	150,000,000
U.S. Treasury Securities – December 30, 2014		149,992,538		1,462		149,994,000

The Trust Account assets were distributed in connection with the Closing.