XML 19 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED STATEMENT OF CASH FLOWS (Unaudited)
5 Months Ended
Jun. 30, 2017
USD ($)
Cash Flows from Operating Activities:  
Net income $ 293,425
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (179,488)
Change in fair value of deferred underwriting fee liability (167,820)
Unrealized gain on securities held in Trust Account (28,122)
Changes in operating assets and liabilities:  
Prepaid expenses (178,567)
Accrued expenses 39,610
Net cash used in operating activities (220,962)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (229,217,100)
Net cash used in investing activities (229,217,100)
Cash Flows from Financing Activities:  
Proceeds from issuance of ordinary shares to initial shareholder 25,000
Proceeds from sale of Units, net of underwriting discounts paid 225,202,660
Proceeds from sale of Private Warrants 6,309,340
Advances from related party 99,318
Repayment of advances from related party (89,318)
Proceeds from promissory note - related parties 299,030
Repayment of promissory note - related party (299,030)
Payment of offering costs (714,893)
Net cash provided by financing activities 230,832,107
Net Change in Cash 1,394,045
Cash - Beginning
Cash - Ending 1,394,045
Non-Cash investing and financing activities:  
Deferred underwriting fee payable 10,754,435
Initial classification of ordinary shares subject to possible redemption 163,294,405
Change in value of ordinary shares subject to possible redemption $ 153,340