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INITIAL PUBLIC OFFERING
12 Months Ended
Dec. 31, 2017
Stockholders' Equity Note [Abstract]  
INITIAL PUBLIC OFFERING

NOTE 4. INITIAL PUBLIC OFFERING

 

In February 2015, the Company sold an aggregate of 4,293,069 Units at a purchase price of $10.00 per Unit in the Initial Public Offering. Each Unit consists of one share of the Company’s common stock, $0.0001 par value (“Common Stock”), one right (“Public Right”) and one redeemable Common Stock purchase warrant (“Public Warrant”). Each Public Right will convert into one-tenth (1/10) of one share of Common Stock upon the consummation of a Business Combination (see Note 8). Each Public Warrant entitles the holder to purchase one-half share of Common Stock at an exercise price of $12.50 per whole share (see Note 8).