XML 17 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED STATEMENT OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows from operating activities    
Net loss $ (1,280,381) $ (232,816)
Increase (decrease) in cash attributable to changes in assets and liabilities    
Prepaid expense 16,009 (129,043)
Due to related party 110,003 58,511
Franchise tax payable (162,000) 81,818
Accrued expenses 510,201 15,425
Net cash used in operating activities (806,168) (206,105)
Net cash used in investing activities    
Cash and investments held in Trust Account (1,410) (220,500,364)
Cash flows from financing activities    
Proceeds from related party note payable 380,000  
Payment of offering costs   (5,024,117)
Proceeds from the sale of warrants to Sponsor   6,160,000
Proceeds from Public Offering   210,000,000
Proceeds from the underwriter's partial exercise of their over-allotment option   10,500,000
Net cash provided by financing activities 380,000 221,635,883
Net (decrease)/increase in cash (427,578) 929,414
Cash, beginning of period 733,386 25,000
Cash, end of period 305,808 954,414
Supplemental schedule of non-cash financing activities    
Deferred underwriting fees   $ 7,717,500
Deferred financing costs included in accrued expenses $ 716,500