Trust Account and Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table presents fair value information as of June 30, 2016 and December 31, 2015 and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In addition, the table presents the carrying value (held to maturity), excluding accrued interest income and gross unrealized holding gain. Since all of the Company’s permitted investments consist of U.S. government treasury bills and cash, fair values of its investments are determined by Level 1 inputs utilizing quoted prices (unadjusted) in active markets for identical assets as follows:

 

	Carrying Value		Gross unrealized Holding Gains		Quoted prices in Active Markets (Level 1)
U.S. Government Treasury Securities as of June 30, 2016(1)	$	500,588,638	$	17,885	$	500,606,523
U.S. Government Treasury Securities as of December 31, 2015(2)	$	500,080,274	$	20,595	$	500,100,869

(1)    Maturity dates ranging from July 7, 2016 to July 21, 2016

(2)    Maturity dated March 31, 2016