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CONDENSED STATEMENT OF CASH FLOWS
3 Months Ended
Mar. 31, 2016
USD ($)
Cash flow from operating activities:  
Net income $ 32,639
Adjustments to reconcile net income to net cash used by operations:  
Increase in prepaid expenses (27,936)
Increase in accounts payable and accrued liabilities 7,554
Net cash provided by operating activities 12,257
Cash flows from investing activities:  
Cash deposited into trust account (500,000,010)
Trust income retained in Trust Account (62,582)
Net cash used in investing activities (500,062,592)
Cash flows from financing activities:  
Proceeds from public offering 500,000,000
Proceeds from sale of Private Placement Warrants 12,000,000
Payment of underwriting discounts (10,000,000)
Payment of offering costs (191,388)
Proceeds from Sponsor note 150,000
Payment of Sponsor note (300,000)
Net cash provided by financing activities 501,658,612
Net increase in cash 1,608,277
Cash at beginning of period 105,500
Cash at end of period 1,713,777
Supplemental disclosure of non-cash financing activities:  
Deferred Underwriting Commission 17,500,000
Accrued offering costs $ 243,305