0001615774-17-006709.txt : 20171114 0001615774-17-006709.hdr.sgml : 20171114 20171114170326 ACCESSION NUMBER: 0001615774-17-006709 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 45 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20171114 DATE AS OF CHANGE: 20171114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: National Energy Services Reunited Corp. CENTRAL INDEX KEY: 0001698514 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 000000000 STATE OF INCORPORATION: D8 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38091 FILM NUMBER: 171202650 BUSINESS ADDRESS: STREET 1: 777 POST OAK BLVD. STREET 2: 7TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 BUSINESS PHONE: (832) 925-3777 MAIL ADDRESS: STREET 1: 777 POST OAK BLVD. STREET 2: 7TH FLOOR CITY: HOUSTON STATE: TX ZIP: 77056 10-Q 1 s107977_10q.htm 10-Q

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One) 

 

  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended September 30, 2017

 

  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from                   to                  

 

Commission File No. 001-38091

 

NATIONAL ENERGY SERVICES REUNITED CORP.
(Exact name of registrant as specified in its charter)

 

British Virgin Islands   98-1367302

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

777 Post Oak Blvd., Suite 730

Houston, Texas

  77056
(Address of Principal Executive Offices)   (Zip Code)

 

(832) 925-3777
(Registrant’s telephone number, including area code)

 

N/A
(Former name, former address and former fiscal year, if changed since last report)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒  No ☐

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒  No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

  

☐   Large accelerated filer ☐   Accelerated filer
☒    Non-accelerated filer ☐   Smaller reporting company
  ☒    Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes ☒  No ☐

 

As of November 9, 2017, there were 28,652,125 shares of the Company’s ordinary shares issued and outstanding.

 

 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

 

Quarterly Report on Form 10-Q

 

TABLE OF CONTENTS

 

    Page
     
PART 1 – FINANCIAL INFORMATION 1
     
Item 1. Financial Statements (unaudited) 1
     
  Condensed Balance Sheet 1
     
  Condensed Statements of Operations 2
     
  Condensed Statement of Changes in Shareholders’ Equity 3
     
  Condensed Statement of Cash Flows 4
     
  Notes to Condensed Financial Statements 5
     
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 13
     
Item 3. Quantitative and Qualitative Disclosures About Market Risk 15
     
Item 4. Controls and Procedures 15
     
PART II – OTHER INFORMATION 16
     
Item 1. Legal Proceedings 16
     
Item 1A. Risk Factors 16
     
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16
     
Item 3. Defaults Upon Senior Securities 16
     
Item 4. Mine Safety Disclosures 16
     
Item 5. Other Information 16
     
Item 6. Exhibits 16
     
SIGNATURES 17

 

 

 

 

PART 1 - FINANCIAL INFORMATION

 

Item 1. Financial Statements.

 

NATIONAL ENERGY SERVICES REUNITED CORP.

CONDENSED BALANCE SHEET

AS OF SEPTEMBER 30, 2017

(Unaudited)

 

ASSETS    
Current Assets     
Cash  $1,244,689 
Prepaid expenses   154,938 
Total Current Assets   1,399,627 
      
Cash and marketable securities held in Trust Account   229,957,404 
Total Assets  $231,357,031 
      
LIABILITIES AND SHAREHOLDERS’ EQUITY     
Current liabilities     
Accrued expenses  $325,692 
Advance from related party   23,131 
Total Current Liabilities   348,823 
      
Deferred underwriting fees   8,955,993 
Total Liabilities   9,304,816 
      
Commitments     
Ordinary shares subject to possible redemption, 16,921,700 shares at redemption value   163,841,000 
      
Shareholders’ Equity     
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding    
Ordinary shares, no par value; unlimited shares authorized; 11,730,425 shares issued and outstanding (excluding 16,921,700 shares subject to possible redemption)   57,948,842 
Retained earnings   262,373 
Total Shareholders’ Equity   58,211,215 
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY  $231,357,031 

 

The accompanying notes are an integral part of the unaudited condensed financial statements.

 

1 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

 

  

Three Months Ended

September 30,

  

For the Period from January 23, 2017 (inception) through

September 30,

 
   2017   2017 
         
Operating costs  $473,874   $556,471 
Loss from operations   (473,874)   (556,471)
           
Other income (expense):          
Interest income   572,378    752,458 
Change in fair value of deferred underwriting fee liability   (91,548)   76,272 
Unrealized loss on marketable securities held in Trust Account   (38,008)   (9,886)
Net (loss) income  $(31,052)   $262,373 
           
Weighted average shares outstanding, basic and diluted (1)   11,730,425    8,690,796 
           
Basic and diluted net loss per common share  $(0.04)  $(0.03)

 

(1) Excludes an aggregate of up to 16,921,700 shares subject to redemption at September 30, 2017.

 

The accompanying notes are an integral part of the unaudited condensed financial statements.

 

2 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE PERIOD FROM JANUARY 23, 2017 (INCEPTION) THROUGH SEPTEMBER 30, 2017

(Unaudited)

 

   Ordinary Shares   Retained   Total
Shareholders’
 
   Shares   Amount   Earnings   Equity 
Balance – January 23, 2017 (Inception)     $    $    $  
                 
Issuance of ordinary shares to Sponsor   6,037,500    25,000        25,000 
                     
Forfeiture of Founder Shares   (307,075)            
                     
Sale of 22,921,700 Units, net of underwriters discount and offering expenses   22,921,700    215,455,502        215,455,502 
                     
Sale of 12,618,680 Private Warrants       6,309,340        6,309,340 
                     
Ordinary shares subject to redemption   (16,921,700)   (163,841,000)       (163,841,000)
                     
Net income           262,373    262,373 
                     
Balance – September 30, 2017   11,730,425   $57,948,842   $262,373   $58,211,215 

 

The accompanying notes are an integral part of the unaudited condensed financial statements.

 

3 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

CONDENSED STATEMENT OF CASH FLOWS

FOR THE PERIOD FROM JANUARY 23, 2017 (INCEPTION) THROUGH SEPTEMBER 30, 2017

(Unaudited)

 

Cash Flows from Operating Activities:    
Net income  $262,373 
Adjustments to reconcile net income to net cash used in operating activities:     
Interest earned on marketable securities held in Trust Account   (750,290)
Change in fair value of deferred underwriting fee liability   (76,272)
Unrealized loss on securities held in Trust Account   9,886 
Changes in operating assets and liabilities:     
Prepaid expenses   (154,938)
Accrued expenses   325,692 
Net cash used in operating activities   (383,549)
      
Cash Flows from Investing Activities:     
Investment of cash in Trust Account   (229,217,000)
Net cash used in investing activities   (229,217,000)
      
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   155,268 
Repayment of advances from related party   (132,137)
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   230,845,238 
      
Net Change in Cash   1,244,689 
Cash – Beginning    
Cash – Ending  $1,244,689 
      
Non-Cash investing and financing activities:     
Deferred underwriting fee payable  $9,032,265 
Initial classification of ordinary shares subject to possible redemption  $163,294,405 
Change in value of ordinary shares subject to possible redemption  $546,595 

 

The accompanying notes are an integral part of the unaudited condensed financial statements.

 

4 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

 

National Energy Services Reunited Corp. (the “Company”) is a blank check company formed in the British Virgin Islands on January 23, 2017. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities that the Company has not yet identified (a “Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on businesses that operate in the energy services industry, with an emphasis on oil and gas services globally.

 

At September 30, 2017, the Company had not yet commenced operations. All activity through September 30, 2017 relates to the Company’s formation, its initial public offering (“Initial Public Offering”), which is described below, and identifying a target company for a Business Combination.

 

The registration statements for the Company’s Initial Public Offering were declared effective on May 11, 2017. On May 17, 2017, the Company consummated the Initial Public Offering of 21,000,000 units (“Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”), generating gross proceeds of $210,000,000, which is described in Note 3.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 11,850,000 warrants (the “Private Warrants”) at a price of $0.50 per warrant in a private placement to the Company’s sponsor, NESR Holdings Ltd. (the “Sponsor”), generating gross proceeds of $5,925,000, which is described in Note 4.

 

Following the closing of the Initial Public Offering on May 17, 2017, an amount of $210,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Warrants was placed in a trust account (“Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.

 

On May 30, 2017, in connection with the underwriters’ election to partially exercise their over-allotment option, the Company consummated the sale of an additional 1,921,700 Units at $10.00 per Unit and the sale of an additional 768,680 Private Warrants at $0.50 per warrant, generating total gross proceeds of $19,601,340. Following the closing, an additional $19,217,000 of net proceeds ($10.00 per Unit) was placed in the Trust Account, resulting in $229,217,000 ($10.00 per Unit) held in the Trust Account.

 

Transaction costs amounted to $13,761,498, consisting of $4,014,340 of underwriting fees, $9,032,265 of deferred underwriting fees (see Note 6) and $714,893 of Initial Public Offering costs. As of September 30, 2017, $1,244,689 of cash was held outside of the Trust Account and was available for working capital purposes.

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Initial Public Offering and sale of Private Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company’s initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time of the signing of an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.

 

The Company will provide its shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion and in accordance with applicable laws and regulations. The shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). The per-share amount to be distributed to shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks shareholder approval, a majority of the outstanding shares voted are voted in favor of the Business Combination. However, certain investors in the Initial Public Offering holding 6,000,000 Public Shares have agreed that they will hold such Public Shares sold in the Initial Public Offering through the consummation of an initial Business Combination and not seek redemption in connection therewith. As a result, the Company expects to meet the $5,000,001 net tangible asset requirement in order to complete its initial Business Combination. 

 

5 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, or if the Company is deemed to be a foreign private issuer (“FPI”) at such time, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents with the SEC prior to completing a Business Combination. If, however, a shareholder approval of the transaction is required by law, or the Company decides to obtain shareholder approval for business or other legal reasons, and if the Company will not be an FPI at such time, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor, officers and directors (the “Initial Shareholders”) have agreed to vote their Founder Shares (as defined in Note 5), and any Public Shares held by them in favor of approving a Business Combination. Additionally, each public shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction.

 

If the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions in connection with a Business Combination pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to an aggregate of 20% or more of the ordinary shares sold in the Initial Public Offering.

 

The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (the “Combination Period”). However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.

 

The Initial Shareholders have agreed (i) to waive their liquidation rights with respect to their Founder Shares if the Company fails to consummate a Business Combination within the Combination Period, (ii) to waive their redemption rights from the Trust Account with respect to their Founder Shares and Public Shares in connection with the consummation of a Business Combination and (iii) not to propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association that would affect the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination, unless the Company provides the public shareholders with the opportunity to redeem their shares in conjunction with any such amendment. However, the Initial Shareholders will be entitled to liquidating distributions with respect to any Public Shares acquired if the Company fails to consummate a Business Combination or liquidates within the Combination Period. The underwriters have agreed to waive their rights to deferred underwriting commissions held in the Trust Account in the event the Company does not consummate a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the $10.00 per Unit in the Initial Public Offering. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

 

6 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of presentation

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented. 

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus as filed with the SEC and declared effective on May 11, 2017, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on May 17, 2017. The interim results for the period from January 23, 2017 (inception) through September 30, 2017 are not necessarily indicative of the results to be expected for the period from January 23, 2017 (inception) through December 31, 2017 or for any future interim periods.

 

Emerging growth company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.

 

7 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

Cash and cash equivalents

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2017.

 

Cash and marketable securities held in Trust Account

 

At September 30, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.

 

Ordinary shares subject to possible redemption

 

The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at September 30, 2017, ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

 

Offering costs

 

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $13,761,498 were charged to shareholders’ equity upon the completion of the Initial Public Offering.

 

Income taxes

 

The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the British Virgin Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of September 30, 2017, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

 

The Company may be subject to potential examination by U.S. federal, U.S. states or foreign taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

 

The provision for income taxes was deemed to be immaterial for the period from January 23, 2017 (inception) through September 30, 2017.

 

Net loss per ordinary share

 

The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share.” Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding for the period. Ordinary shares subject to possible redemption at September 30, 2017 have been excluded from the calculation of basic income per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (1) warrants sold in the Initial Public Offering and private placement to purchase 17,770,190 ordinary shares and (2) 200,717 ordinary shares that may be issued to the underwriters in connection with the deferred fee payable in the calculation of diluted loss per share, since the exercise of the warrants and the issuance of the ordinary shares is contingent upon the occurrence of future events. As a result, diluted income per ordinary share is the same as basic loss per ordinary share for the periods.

 

Reconciliation of net loss per ordinary share

 

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:

 

   Three Months
Ended
September 30,
  

For the Period
from January 23,
2017 (inception)
through 

September 30, 

 
   2017   2017 
Net (loss) income  $(31,052)  $262,373 
Less: Income attributable to ordinary shares subject to redemption   (393,309)   (546,566)
Adjusted net loss  $(424,361)  $(284,193)
           
Weighted average shares outstanding, basic and diluted   11,730,425    8,690,796 
           
Basic and diluted net loss per ordinary share  $(0.04)  $(0.03)

 

8 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2017, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 

Fair value of financial instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.

 

Recently issued accounting standards

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

 

3. INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering, the Company sold 22,921,700 Units at a purchase price of $10.00 per Unit, inclusive of 1,921,700 Units sold to the underwriters on May 30, 2017 upon the underwriters’ election to partially exercise their over-allotment option. Each Unit consists of one ordinary share and one warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one-half of one ordinary share at an exercise price of $5.75 per half share (see Note 7).

 

4. PRIVATE PLACEMENT

 

Simultaneously with the Initial Public Offering, the Sponsor purchased an aggregate of 11,850,000 Private Warrants at a price of $0.50 per Private Warrant for an aggregate purchase price of $5,925,000. On May 30, 2017, the Company consummated the sale of an additional 768,680 Private Warrants at a price of $0.50 per Private Warrant, which were purchased by the Sponsor, generating gross proceeds of $384,340. The proceeds from the Private Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. There will be no redemption rights or liquidating distributions from the Trust Account with respect to the Private Warrants.

 

The Private Warrants are identical to the Public Warrants except that the Private Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchaser or their permitted transferees. In addition, the Private Warrants and their component securities may not be transferable, assignable or salable until 30 days after the consummation of a Business Combination, subject to certain limited exceptions.

 

5. RELATED PARTY TRANSACTIONS

 

Founder Shares

 

On February 9, 2017, the Company issued an aggregate of 5,750,000 ordinary shares to the Sponsor for an aggregate purchase price of $25,000. On May 11, 2017, the Company effectuated a 1.05-for-1 subdivision of its ordinary shares, resulting in an aggregate of 6,037,500 ordinary shares being held by the Sponsor (the “Founder Shares”). The 6,037,500 Founder Shares included an aggregate of up to 787,500 ordinary shares which were subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the Sponsor would own 20% of the Company’s issued and outstanding shares after the Initial Public Offering. As a result of the underwriters’ election to partially exercise their over-allotment option on May 30, 2017, 480,425 Founder Shares are no longer subject to forfeiture. The underwriters elected not to exercise the remaining portion of the over-allotment option and, therefore, 307,075 Founder Shares were forfeited.

 

9 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

The Sponsor has agreed that, subject to certain limited exceptions, its Founder Shares will not be transferred, assigned or sold until one year after the date of the consummation of a Business Combination or earlier if, subsequent to a Business Combination, the last sales price of the Company’s ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after a Business Combination.

 

Related Party Advances

 

As of September 30, 2017, the Sponsor advanced the Company an aggregate of $155,268 for costs associated with the Initial Public Offering and for working capital purposes. The advances are non-interest bearing, unsecured and due on demand. As of September 30, 2017, the Company has repaid $132,137 of such advances. Advances amounting to $23,131 were outstanding as of September 30, 2017.

 

Promissory Note — Related Party

 

On February 10, 2017, the Company entered into a promissory note with the Sponsor, whereby the Sponsor agreed to loan the Company up to an aggregate of $300,000 (the “Promissory Note”) to be used in part for expenses incurred in connection with the Initial Public Offering. The Promissory Note was non-interest bearing, unsecured and due on the earlier of June 30, 2017 or the closing of the Initial Public Offering. The Promissory Note was repaid upon the consummation of the Initial Public Offering on May 17, 2017.

  

Administrative Service Fee

 

The Company entered into an agreement whereby, commencing on May 17, 2017 through the earlier of the consummation of a Business Combination or the Company’s liquidation, the Company will pay the Sponsor a monthly fee of $10,000 for office space, utilities and administrative support. For the three months ended September 30, 2017 and the period from January 23, 2017 (inception) through September 30, 2017, the Company incurred $30,000 and $50,000, respectively, in fees for these services, which such amounts are included in operating costs in the accompanying condensed statements of operations. As of September 30, 2017, $50,000 of administrative fees payable are included in accrued expenses in the accompanying condensed balance sheet at September 30, 2017.

 

Related Party Loans

 

In order to finance transaction costs in connection with a Business Combination, the Sponsor, the Company’s officers, directors or their affiliates may, but are not obligated to, loan the Company funds from time to time or at any time, as may be required (“Working Capital Loans”). Each Working Capital Loan would be evidenced by a promissory note. The Working Capital Loans would either be paid upon consummation of a Business Combination, without interest, or, at the holder’s discretion, up to $1,500,000 of the Working Capital Loans may be converted into Private Warrants at a price of $0.50 per warrant. There were no Working Capital Loans outstanding as of September 30, 2017.

 

6. COMMITMENTS AND CONTINGENCIES

 

Registration Rights

 

Pursuant to a registration rights agreement entered into on May 11, 2017, the holders of the Founder Shares, Private Warrants (and their underlying securities) and the warrants that may be issued upon conversion of the Working Capital Loans (and their underlying securities) are entitled to registration rights. The holders of a majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

 

10 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

Underwriters Agreement

 

The Company granted the underwriters a 45-day option to purchase up to 3,150,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On May 30, 2017, the underwriters elected to partially exercise their over-allotment option to purchase 1,921,700 Units at a purchase price of $10.00 per Unit.

 

In connection with the closing of the Initial Public Offering and the over-allotment option, the underwriters were paid a cash underwriting discount of $4,014,340. In addition, the underwriters deferred their fee of up to $8,955,993 until the completion of the initial Business Combination, which amount includes 200,717 ordinary shares (the “Deferred Shares”). The Company determined the fair value of the Deferred Shares to be issued to the underwriters at May 30, 2017 to be $2,007,170, based upon the offering price of the Units of $10.00 per Unit. The fair value of the Deferred Shares at September 30, 2017 was determined to be $1,930,898, based upon the closing price of the Company’s ordinary shares at September 30, 2017. The Company recorded the change in the fair value of the deferred underwriting fee liability of $91,548 and $(76,272) for the three months ended September 30, 2017 and for the period from January 23, 2017 (inception) through September 30, 2017 in the accompanying condensed statements of operations, respectively.

 

The ordinary shares to be issued to the underwriters have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days pursuant to Rule 5110(g)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(g)(1), these ordinary shares will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the date of the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners.

 

7. SHAREHOLDERS’ EQUITY

 

Preferred Shares — The Company is authorized to issue an unlimited number of no par value preferred shares, divided into five classes, Class A through Class E, each with such designation, rights and preferences as may be determined by a resolution of the Company’s board of directors to amend the Amended and Restated Memorandum and Articles of Association to create such designations, rights and preferences. The Company has five classes of preferred shares to give the Company flexibility as to the terms on which each Class is issued. All shares of a single class must be issued with the same rights and obligations. Accordingly, starting with five classes of preferred shares will allow the Company to issue shares at different times on different terms. At September 30, 2017, there are no preferred shares designated, issued or outstanding.

 

Ordinary Shares — The Company is authorized to issue an unlimited number of no par value ordinary shares. Holders of the Company’s ordinary shares are entitled to one vote for each share. At September 30, 2017, there were 11,730,425 ordinary shares issued and outstanding (excluding 16,921,700 ordinary shares subject to possible redemption).

 

Warrants — Public Warrants may only be exercised for a whole number of shares. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within a specified period following the consummation of a Business Combination, the warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis in the same manner as if the Company called the warrants for redemption and required all holders to exercise their warrants on a “cashless basis.” The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

 

The Company may call the warrants for redemption (excluding the Private Warrants):

 

  in whole and not in part;
  at a price of $.01 per warrant;
  at any time during the exercise period;
  upon a minimum of 30 days’ prior written notice of redemption;
  if, and only if, the last sale price of the ordinary shares equals or exceeds $21.00 per share for any 20 trading days within a 30 trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders; and

 

11 

 

 

NATIONAL ENERGY SERVICES REUNITED CORP.

NOTES TO CONDENSED FINANCIAL STATEMENTS

SEPTEMBER 30, 2017

(Unaudited)

 

  if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants commencing five business days prior to the 30-day trading period and continuing each day thereafter until the date of redemption.

  

If the Company calls the warrants for redemption, management will have the option to require all holders that wish to exercise the warrants to do so on a “cashless basis,” as described in the warrant agreement.

 

The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

 

8. FAIR VALUE MEASUREMENTS 

 

The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. 

 

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

 

  Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
     
  Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.
     
  Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

 

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: 

 

Description   Level     September 30,
2017
 
Assets:                
Cash and marketable securities held in Trust Account     1     $ 229,957,404  
Liabilities:                
Deferred underwriting fees     1     $ 8,955,993  

 

9. SUBSEQUENT EVENTS

 

The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

 

On November 12, 2017, the Company announced that it had entered into definitive agreements to acquire Gulf Energy SAOC ("GES") and National Petroleum Services ("NPS"). GES and NPS are leading regional oilfield services companies offering a mix of drilling, completion and production services and equipment in the Middle East and North Africa (“MENA”) and Asia Pacific regions. Following closing, the Company's primary operating locations will be in Dammam, Saudi Arabia, Muscat, Oman and Dubai, UAE with local headquarters in Houston, Texas. The Company will employ more than 3,000 people in more than a dozen countries across the region. The transaction is subject to stockholder approval and other customary closing conditions. See the Company's Current Report on Form 8-K filed with the SEC on November 13, 2017 for further information. 

 

12 

 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

References in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to National Energy Services Reunited Corp. References to our “management” or our “management team” refer to our officers and directors, and references to the “sponsor” refer to NESR Holdings, Ltd. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

 

Special Note Regarding Forward-Looking Statements

 

This Quarterly Report includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that are not historical facts, and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact included in this Quarterly Report including, without limitation, statements in this “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. Words such as “expect,” “believe,” “anticipate,” “intend,” “estimate,” “seek” and variations and similar words and expressions are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance, but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the Risk Factors section of the Company’s final prospectus for its Initial Public Offering filed with the SEC. The Company’s securities filings can be accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

 

Overview

 

We are a blank check company incorporated on January 23, 2017 in the British Virgin Islands and formed for the purpose of entering into a Business Combination with one or more target businesses. We intend to effectuate our Business Combination using cash from the proceeds of our Initial Public Offering and the sale of Private Warrants that occurred simultaneously with the completion of our Initial Public Offering, our securities, debt or a combination of cash, securities and debt.

 

The issuance of additional ordinary shares or preferred stock:

 

  may significantly dilute the equity interest of our investors who would not have pre-emption rights in respect of any such issuance;
  may subordinate the rights of holders of ordinary shares if we issue preferred shares with rights senior to those afforded to our ordinary shares;
  could cause a change in control if a substantial number of our ordinary shares are issued, which may affect, among other things, our ability to use our net operating loss carry forwards, if any, and most likely will also result in the resignation or removal of our present officers and directors; and
  may adversely affect prevailing market prices for our securities.

 

Similarly, if we issue debt securities, it could result in:

 

  default and foreclosure on our assets if our operating revenues after our business combination are insufficient to pay our debt obligations;
  acceleration of our obligations to repay the indebtedness even if we have made all principal and interest payments when due if the debt security contains covenants that required the maintenance of certain financial ratios or reserves and we breach any such covenant without a waiver or renegotiation of that covenant;
  our immediate payment of all principal and accrued interest, if any, if the debt security is payable on demand; and
  our inability to obtain additional financing, if necessary, if the debt security contains covenants restricting our ability to obtain additional financing while such security is outstanding.

 

We expect to continue to incur significant costs in the pursuit of our acquisition plans. We cannot assure you that our plans to raise capital or to complete a Business Combination will be successful.

 

Recent Developments 

 

On November 12, 2017, we announced that we had entered into definitive agreements to acquire GES and NPS, leading regional oilfield services companies offering a mix of drilling, completion and production services and equipment in the MENA and Asia Pacific regions. Following closing, our primary operating locations will be in Dammam, Saudi Arabia, Muscat, Oman and Dubai, UAE with local headquarters in Houston, Texas. We will employ more than 3,000 people in more than a dozen countries across the region. The transaction is subject to stockholder approval and other customary closing conditions. See our Current Report on Form 8-K filed with the SEC on November 13, 2017 for further information.

 

13 

 

 

Results of Operations

 

We have neither engaged in any operations nor generated any revenues to date. Our only activities from January 23, 2017 (inception) through September 30, 2017 were organizational activities and those necessary to consummate the Initial Public Offering, described below, and identifying a target company for a Business Combination. Following the Initial Public Offering, we do not expect to generate any operating revenues until after the completion of our Business Combination. We expect to generate non-operating income in the form of interest income on cash and marketable securities held after the Initial Public Offering. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

 

For the three months ended September 30, 2017, we had a net loss of $31,052 consisting of operating costs of $473,874, the change in the fair value of the deferred underwriting fee liability of $91,548 and an unrealized loss on marketable securities held in our Trust Account of $38,008, offset by interest income on marketable securities held in our Trust Account of $570,802 and interest income on our operating account of $1,576.

 

For the period from January 23, 2017 (inception) through September 30, 2017, we had net income of $262,373 consisting of interest income on marketable securities held in our Trust Account of $750,290, interest income on our operating account of $2,168 and the change in the fair value of the deferred underwriting fee liability of $76,272, offset by operating costs of $556,471 and an unrealized loss on marketable securities held in our Trust Account of $9,886.

 

Liquidity and Capital Resources

 

On May 17, 2017, we consummated the Initial Public Offering of 21,000,000 Units, at a price of $10.00 per Unit, generating gross proceeds of $210,000,000. Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 11,850,000 Private Warrants to our Sponsor at a price of $0.50 per warrant, generating gross proceeds of $5,925,000.

 

On May 30, 2017, in connection with the underwriters’ partial exercise of their over-allotment option, we consummated the sale of an additional 1,921,700 Units and the sale of an additional 768,680 Private Warrants, generating total gross proceeds of $19,601,340.

 

Following the Initial Public Offering and the partial exercise of the over-allotment option, a total of $229,217,000 was placed in the Trust Account. We incurred $13,761,498 in Initial Public Offering related costs, including $4,014,340 of underwriting fees, $9,032,265 of deferred underwriting fees and $714,893 of Initial Public Offering costs.

 

As of September 30, 2017, we had marketable securities held in the Trust Account of $229,957,404, substantially all of which is invested in U.S. treasury bills with a maturity of 180 days or less. Interest income earned on the balance in the Trust Account may be available to us to pay taxes. Since inception, we have not withdrawn interest income from the Trust Account.

 

As of September 30, 2017, we had cash of $1,244,689 held outside the Trust Account, which is available for use by us to cover the costs associated with identifying a target business, negotiating a Business Combination, due diligence procedures and other general corporate uses. In addition, as of September 30, 2017, we had accrued expenses of $325,692.

 

For the period from January 23, 2017 (inception) through September 30, 2017, cash used in operating activities amounted to $383,549, mainly resulting from net income of $262,373 and an unrealized loss on securities held in the Trust Account of $9,886, offset by the change in the fair value of the deferred underwriting fee liability of $76,272 and interest earned on marketable securities held in the Trust Account of $750,290. Changes in our operating assets and liabilities provided cash of $170,754.

 

We intend to use substantially all of the net proceeds of the Initial Public Offering, including the funds held in the Trust Account, to acquire a target business or businesses and to pay our expenses relating thereto. To the extent that our shares are used in whole or in part as consideration to effect our initial Business Combination, the remaining proceeds held in the Trust Account as well as any other net proceeds not expended will be used as working capital. Such working capital funds could be used in a variety of ways including continuing or expanding the target business’s operations, for strategic acquisitions and for marketing, research and development of existing or new products. Such funds could also be used to repay any operating expenses or finders’ fees which we had incurred prior to the completion of our initial Business Combination if the funds available to us outside of the Trust Account were insufficient to cover such expenses.

 

We intend to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a Business Combination.

 

14 

 

 

In order to finance transaction costs in connection with a Business Combination, our Sponsor or certain of our officers, directors and affiliates may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we would repay such loaned amounts out of the proceeds of the Trust Account released to us. In the event that a Business Combination does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts but no proceeds from our Trust Account would be used to repay such loaned amounts. Up to $1,500,000 of such loans may be converted into Private Warrants of the post Business Combination entity at a price of $0.50 per warrant at the option of the lender. The terms of such loans, if any, have not been determined and no written agreements exist with respect to such loans.  

 

We do not believe we will need to raise additional funds in order to meet the expenditures required for operating our business. However, if our estimate of the costs of identifying a target business, undertaking in-depth due diligence and negotiating a Business Combination are less than the actual amounts necessary to do so, we may have insufficient funds available to operate our business prior to our Business Combination. Moreover, we may need to obtain additional financing either to consummate our Business Combination or because we become obligated to redeem a significant number of our public shares upon consummation of our Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination. Subject to compliance with applicable securities laws, we would only complete such financing simultaneously with the completion of our Business Combination, in which case we may issue additional securities or incur debt in connection with such Business Combination. We cannot provide any assurance that financing will be available to us on commercially acceptable terms, if at all. If we are unable to complete our Business Combination because we do not have sufficient funds available to us, we will be forced to cease operations and liquidate the Trust Account. In addition, following our Business Combination, if cash on hand is insufficient, we may need to obtain additional financing in order to meet our obligations.

 

Off-balance sheet financing arrangements

 

We have no obligations, assets or liabilities which would be considered off-balance sheet arrangements. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

 

Contractual obligations

 

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay the Sponsor a monthly fee of $10,000 for office space, utilities and administrative support provided to the Company. We began incurring these fees on May 17, 2017 and will continue to incur these fees monthly until the earlier of the completion of the Business Combination and the Company’s liquidation.

 

Critical Accounting Policies

 

The preparation of financial statements and related disclosures in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and income and expenses during the periods reported. Actual results could materially differ from those estimates. The Company has not identified any critical accounting policies.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

All activity from January 23, 2017 (inception) through September 30, 2017 relates to our formation, the preparation for our Initial Public Offering and identifying a target company for a Business Combination. We did not have any financial instruments that were exposed to market risks at September 30, 2017.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

 

15 

 

 

Evaluation of Disclosure Controls and Procedures

 

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2017. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were effective.

 

Changes in Internal Control Over Financial Reporting

 

During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS.

 

None.

 

ITEM 1A. RISK FACTORS.

 

Factors that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in our final prospectus dated May 11, 2017 filed with the SEC. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our final prospectus dated May 11, 2017 filed with the SEC. 

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

 

None.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES.

 

Not applicable.

 

ITEM 5. OTHER INFORMATION.

 

None.

 

ITEM 6. EXHIBITS.

 

The following exhibits are filed as part of, or incorporated by reference into, this Quarterly Report on Form 10-Q.

 

No.   Description of Exhibit
31.1*   Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2*   Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1**   Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2**   Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS*   XBRL Instance Document
101.CAL*   XBRL Taxonomy Extension Calculation Linkbase Document
101.SCH*   XBRL Taxonomy Extension Schema Document
101.DEF*   XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*   XBRL Taxonomy Extension Labels Linkbase Document
101.PRE*   XBRL Taxonomy Extension Presentation Linkbase Document

 

* Filed herewith.

** Furnished herewith.

 

16 

 

 

SIGNATURES

 

Pursuant to the requirements of Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NATIONAL ENERGY SERVICES REUNITED CORP.
     
Date: November 14, 2017   /s/ Sherif Foda
  Name: Sherif Foda
  Title: Chief Executive Officer
    (Principal Executive Officer)
     
Date: November 14, 2017   /s/ Christine J. Morris
  Name: Christine J. Morris
  Title: Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

17 
EX-31.1 2 s107977_ex31-1.htm EXHIBIT 31.1

Exhibit 31.1

 

CERTIFICATIONS

 

I, Sherif Foda, certify that:

 

  1. I have reviewed this Quarterly Report on Form 10-Q of National Energy Services Reunited Corp.;

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

  4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 14, 2017 By: /s/ Sherif Foda
    Sherif Foda
   

Chief Executive Officer

(Principal Executive Officer)

 

 
EX-31.2 3 s107977_ex31-2.htm EXHIBIT 31.2

Exhibit 31.2

 

CERTIFICATIONS

 

I, Christine J. Morris, certify that:

 

  1. I have reviewed this Quarterly Report on Form 10-Q of National Energy Service Reunited Corp;

 

  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

  4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) (Paragraph omitted pursuant to SEC Release Nos. 33-8238/34-47986 and 33-8392/34-49313);

 

  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 14, 2017 By: /s/ Christine J. Morris
    Christine J. Morris
   

Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 
EX-32.1 4 s107977_ex32-1.htm EXHIBIT 32.1

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of National Energy Services Reunited Corp. (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Sherif Foda, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the Report.

 

Date: November 14, 2017 By: /s/ Sherif Foda
    Sherif Foda
   

Chief Executive Officer

(Principal Executive Officer)

 

 
EX-32.2 5 s107977_ex32-2.htm EXHIBIT 32.2

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADDED BY

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Quarterly Report of National Energy Services Reunited Corp. (the “Company”) on Form 10-Q for the quarterly period ended September 30, 2017, as filed with the Securities and Exchange Commission (the “Report”), I, Christine J. Morris, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

 

  2. To my knowledge, the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of and for the period covered by the report.

 

Date: November 14, 2017 By: /s/ Christine J. Morris
    Christine J. Morris
   

Chief Financial Officer

(Principal Financial and Accounting Officer)

 

 
EX-101.INS 6 nesru-20170930.xml XBRL INSTANCE FILE 0001698514 2017-01-23 2017-09-30 0001698514 2017-11-09 0001698514 us-gaap:IPOMember 2017-05-17 0001698514 us-gaap:IPOMember 2017-05-16 2017-05-17 0001698514 nesru:NESRHoldingsLtdMember us-gaap:PrivatePlacementMember us-gaap:WarrantMember 2017-05-16 2017-05-17 0001698514 nesru:NESRHoldingsLtdMember us-gaap:PrivatePlacementMember us-gaap:WarrantMember 2017-05-17 0001698514 us-gaap:OverAllotmentOptionMember 2017-05-29 2017-05-30 0001698514 us-gaap:OverAllotmentOptionMember 2017-05-30 0001698514 us-gaap:OverAllotmentOptionMember us-gaap:WarrantMember 2017-05-29 2017-05-30 0001698514 us-gaap:OverAllotmentOptionMember us-gaap:WarrantMember 2017-05-30 0001698514 us-gaap:IPOMember 2017-01-23 2017-09-30 0001698514 2017-09-30 0001698514 nesru:InitialPublicOfferingAndPrivatePlacementMember 2017-01-23 2017-09-30 0001698514 nesru:UnderwritersMember 2017-01-23 2017-09-30 0001698514 2017-05-29 2017-05-30 0001698514 2017-05-30 0001698514 us-gaap:WarrantMember 2017-05-29 2017-05-30 0001698514 us-gaap:CommonStockMember 2017-05-29 2017-05-30 0001698514 us-gaap:WarrantMember 2017-05-30 0001698514 nesru:NESRHoldingsLtdMember us-gaap:CommonStockMember 2017-02-08 2017-02-09 0001698514 nesru:NESRHoldingsLtdMember 2017-05-10 2017-05-11 0001698514 nesru:NESRHoldingsLtdMember us-gaap:CommonStockMember 2017-05-10 2017-05-11 0001698514 us-gaap:OverAllotmentOptionMember nesru:NESRHoldingsLtdMember us-gaap:CommonStockMember 2017-01-23 2017-09-30 0001698514 us-gaap:OverAllotmentOptionMember nesru:NESRHoldingsLtdMember us-gaap:CommonStockMember 2017-05-29 2017-05-30 0001698514 nesru:NESRHoldingsLtdMember us-gaap:IPOMember us-gaap:LoansPayableMember 2017-01-23 2017-09-30 0001698514 nesru:NESRHoldingsLtdMember us-gaap:IPOMember us-gaap:LoansPayableMember 2017-09-30 0001698514 nesru:NESRHoldingsLtdMember us-gaap:NotesPayableOtherPayablesMember us-gaap:IPOMember 2017-02-10 0001698514 nesru:NESRHoldingsLtdMember 2017-01-23 2017-09-30 0001698514 nesru:NESRHoldingsLtdMember 2017-07-01 2017-09-30 0001698514 nesru:WorkingCapitalLoansMember us-gaap:MaximumMember 2017-01-23 2017-09-30 0001698514 nesru:WorkingCapitalLoansMember us-gaap:WarrantMember 2017-09-30 0001698514 nesru:UnderwritersMember 2017-09-30 0001698514 2017-07-01 2017-09-30 0001698514 us-gaap:WarrantMember 2017-01-23 2017-09-30 0001698514 us-gaap:WarrantMember 2017-09-30 0001698514 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2017-09-30 0001698514 us-gaap:CommonStockMember 2017-01-23 2017-09-30 0001698514 us-gaap:CommonStockMember 2017-01-22 0001698514 us-gaap:CommonStockMember 2017-09-30 0001698514 us-gaap:RetainedEarningsMember 2017-01-23 2017-09-30 0001698514 us-gaap:RetainedEarningsMember 2017-01-22 0001698514 us-gaap:RetainedEarningsMember 2017-09-30 0001698514 2017-01-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares National Energy Services Reunited Corp. 0001698514 10-Q 2017-09-30 false --12-31 No No Yes Non-accelerated Filer Q3 2017 28652125 NESRU 210000000 22921700 21000000 1921700 22921700 11850000 768680 17770190 200717 1 1 5750000 0.50 0.50 6309340 5925000 384340 10.00 10.00 10.00 10.00 19601340 19217000 229217000 714893 13761498 4014340 714893 1244689 <p><font style="font: 10pt Times New Roman, Times, Serif">The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (the &#8220;Combination Period&#8221;). However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders&#8217; rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company&#8217;s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.</font></p> 5000001 6000000 250000 0.5 5.75 0.50 0.01 2007170 25000 1.05-for-1 6037500 787500 307075 480425 <p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif">The Sponsor has agreed that, subject to certain limited exceptions, its Founder Shares will not be transferred, assigned or sold until one year after the date of the consummation of a Business Combination or earlier if, subsequent to a Business Combination, the last sales price of the Company&#8217;s ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after a Business Combination.</font></p> 155268 155268 132137 132137 23131 23131 300000 10000 50000 30000 1500000 3150000 1930898 76272 -91548 Unlimited Unlimited One vote for each share 11730425 11730425 11730425 16921700 P5Y <p style="font: 10pt Times New Roman, Times, Serif">The last sale price of the ordinary shares equals or exceeds $21.00 per share for any 20 trading days within a 30 trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders.</p> 229957404 8955993 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">National Energy Services Reunited Corp. (the &#8220;Company&#8221;) is a blank check company formed in the British Virgin Islands on January 23, 2017. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities that the Company has not yet identified (a &#8220;Business Combination&#8221;). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on businesses that operate in the energy services industry, with an emphasis on oil and gas services globally.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">At September 30, 2017, the Company had not yet commenced operations. All activity through September 30, 2017 relates to the Company&#8217;s formation, its initial public offering (&#8220;Initial Public Offering&#8221;), which is described below, and identifying a target company for a Business Combination.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The registration statements for the Company&#8217;s Initial Public Offering were declared effective on May 11, 2017. On May 17, 2017, the Company consummated the Initial Public Offering of 21,000,000 units (&#8220;Units&#8221; and, with respect to the ordinary shares included in the Units being offered, the &#8220;Public Shares&#8221;), generating gross proceeds of $210,000,000, which is described in Note 3.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 11,850,000 warrants (the &#8220;Private Warrants&#8221;) at a price of $0.50 per warrant in a private placement to the Company&#8217;s sponsor, NESR Holdings Ltd. (the &#8220;Sponsor&#8221;), generating gross proceeds of $5,925,000, which is described in Note 4.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Following the closing of the Initial Public Offering on May 17, 2017, an amount of $210,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Warrants was placed in a trust account (&#8220;Trust Account&#8221;) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the &#8220;Investment Company Act&#8221;), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">On May 30, 2017, in connection with the underwriters&#8217; election to partially exercise their over-allotment option, the Company consummated the sale of an additional 1,921,700 Units at $10.00 per Unit and the sale of an additional 768,680 Private Warrants at $0.50 per warrant, generating total gross proceeds of $19,601,340. Following the closing, an additional $19,217,000 of net proceeds ($10.00 per Unit) was placed in the Trust Account, resulting in $229,217,000 ($10.00 per Unit) held in the Trust Account.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Transaction costs amounted to $13,761,498, consisting of $4,014,340 of underwriting fees, $9,032,265 of deferred underwriting fees (see Note 6) and $714,893 of Initial Public Offering costs. As of September 30, 2017, $1,244,689 of cash was held outside of the Trust Account and was available for working capital purposes.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#8217;s management has broad discretion with respect to the specific application of the net proceeds of its Initial Public Offering and sale of Private Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company&#8217;s initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time of the signing of an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company will provide its shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion and in accordance with applicable laws and regulations. The shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). The per-share amount to be distributed to shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks shareholder approval, a majority of the outstanding shares voted are voted in favor of the Business Combination. However, certain investors in the Initial Public Offering holding 6,000,000 Public Shares have agreed that they will hold such Public Shares sold in the Initial Public Offering through the consummation of an initial Business Combination and not seek redemption in connection therewith. As a result, the Company expects to meet the $5,000,001 net tangible asset requirement in order to complete its initial Business Combination.&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, or if the Company is deemed to be a foreign private issuer (&#8220;FPI&#8221;) at such time, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (&#8220;SEC&#8221;), and file tender offer documents with the SEC prior to completing a Business Combination. If, however, a shareholder approval of the transaction is required by law, or the Company decides to obtain shareholder approval for business or other legal reasons, and if the Company will not be an FPI at such time, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor, officers and directors (the &#8220;Initial Shareholders&#8221;) have agreed to vote their Founder Shares (as defined in Note 5), and any Public Shares held by them in favor of approving a Business Combination. Additionally, each public shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">If the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions in connection with a Business Combination pursuant to the tender offer rules, the Company&#8217;s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a &#8220;group&#8221; (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;)), will be restricted from redeeming its shares with respect to an aggregate of 20% or more of the ordinary shares sold in the Initial Public Offering.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (the &#8220;Combination Period&#8221;). However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders&#8217; rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company&#8217;s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Initial Shareholders have agreed (i) to waive their liquidation rights with respect to their Founder Shares if the Company fails to consummate a Business Combination within the Combination Period, (ii) to waive their redemption rights from the Trust Account with respect to their Founder Shares and Public Shares in connection with the consummation of a Business Combination and (iii) not to propose an amendment to the Company&#8217;s Amended and Restated Memorandum and Articles of Association that would affect the substance or timing of the Company&#8217;s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination, unless the Company provides the public shareholders with the opportunity to redeem their shares in conjunction with any such amendment. However, the Initial Shareholders will be entitled to liquidating distributions with respect to any Public Shares acquired if the Company fails to consummate a Business Combination or liquidates within the Combination Period. The underwriters have agreed to waive their rights to deferred underwriting commissions held in the Trust Account in the event the Company does not consummate a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the $10.00 per Unit in the Initial Public Offering. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company&#8217;s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>3. INITIAL PUBLIC OFFERING</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to the Initial Public Offering, the Company sold 22,921,700 Units at a purchase price of $10.00 per Unit, inclusive of 1,921,700 Units sold to the underwriters on May 30, 2017 upon the underwriters&#8217; election to partially exercise their over-allotment option. Each Unit consists of one ordinary share and one warrant (&#8220;Public Warrant&#8221;). Each Public Warrant entitles the holder to purchase one-half of one ordinary share at an exercise price of $5.75 per half share (see Note 7).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>4. PRIVATE PLACEMENT</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Simultaneously with the Initial Public Offering, the Sponsor purchased an aggregate of 11,850,000 Private Warrants at a price of $0.50 per Private Warrant for an aggregate purchase price of $5,925,000. On May 30, 2017, the Company consummated the sale of an additional 768,680 Private Warrants at a price of $0.50 per Private Warrant, which were purchased by the Sponsor, generating gross proceeds of $384,340. The proceeds from the Private Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. There will be no redemption rights or liquidating distributions from the Trust Account with respect to the Private Warrants.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Private Warrants are identical to the Public Warrants except that the Private Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchaser or their permitted transferees. In addition, the Private Warrants and their component securities may not be transferable, assignable or salable until 30 days after the consummation of a Business Combination, subject to certain limited exceptions.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>5. RELATED PARTY TRANSACTIONS</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Founder Shares</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">On February 9, 2017, the Company issued an aggregate of 5,750,000 ordinary shares to the Sponsor for an aggregate purchase price of $25,000. On May 11, 2017, the Company effectuated a 1.05-for-1 subdivision of its ordinary shares, resulting in an aggregate of 6,037,500 ordinary shares being held by the Sponsor (the &#8220;Founder Shares&#8221;). The 6,037,500 Founder Shares included an aggregate of up to 787,500 ordinary shares which were subject to forfeiture by the Sponsor to the extent that the underwriters&#8217; over-allotment was not exercised in full or in part, so that the Sponsor would own 20% of the Company&#8217;s issued and outstanding shares after the Initial Public Offering. As a result of the underwriters&#8217; election to partially exercise their over-allotment option on May 30, 2017, 480,425 Founder Shares are no longer subject to forfeiture. The underwriters elected not to exercise the remaining portion of the over-allotment option and, therefore, 307,075 Founder Shares were forfeited.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Sponsor has agreed that, subject to certain limited exceptions, its Founder Shares will not be transferred, assigned or sold until one year after the date of the consummation of a Business Combination or earlier if, subsequent to a Business Combination, the last sales price of the Company&#8217;s ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after a Business Combination.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Related Party Advances</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">As of September 30, 2017, the Sponsor advanced the Company an aggregate of $155,268 for costs associated with the Initial Public Offering and for working capital purposes. The advances are non-interest bearing, unsecured and due on demand. As of September 30, 2017, the Company has repaid $132,137 of such advances. Advances amounting to $23,131 were outstanding as of September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Promissory Note &#8212; Related Party</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">On February 10, 2017, the Company entered into a promissory note with the Sponsor, whereby the Sponsor agreed to loan the Company up to an aggregate of $300,000 (the &#8220;Promissory Note&#8221;) to be used in part for expenses incurred in connection with the Initial Public Offering. The Promissory Note was non-interest bearing, unsecured and due on the earlier of June 30, 2017 or the closing of the Initial Public Offering. The Promissory Note was repaid upon the consummation of the Initial Public Offering on May 17, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Administrative Service Fee</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company entered into an agreement whereby, commencing on May 17, 2017 through the earlier of the consummation of a Business Combination or the Company&#8217;s liquidation, the Company will pay the Sponsor a monthly fee of $10,000 for office space, utilities and administrative support. For the three months ended September 30, 2017 and the period from January 23, 2017 (inception) through September 30, 2017, the Company incurred $30,000 and $50,000, respectively, in fees for these services, which such amounts are included in operating costs in the accompanying condensed statements of operations. As of September 30, 2017, $50,000 of administrative fees payable are included in accrued expenses in the accompanying condensed balance sheet at September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Related Party Loans</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">In order to finance transaction costs in connection with a Business Combination, the Sponsor, the Company&#8217;s officers, directors or their affiliates may, but are not obligated to, loan the Company funds from time to time or at any time, as may be required (&#8220;Working Capital Loans&#8221;). Each Working Capital Loan would be evidenced by a promissory note. The Working Capital Loans would either be paid upon consummation of a Business Combination, without interest, or, at the holder&#8217;s discretion, up to $1,500,000 of the Working Capital Loans may be converted into Private Warrants at a price of $0.50 per warrant. There were no Working Capital Loans outstanding as of September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>6. COMMITMENTS AND CONTINGENCIES</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Registration Rights</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Pursuant to a registration rights agreement entered into on May 11, 2017, the holders of the Founder Shares, Private Warrants (and their underlying securities) and the warrants that may be issued upon conversion of the Working Capital Loans (and their underlying securities) are entitled to registration rights. The holders of a majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain &#8220;piggy-back&#8221; registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Underwriters Agreement</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company granted the underwriters a 45-day option to purchase up to 3,150,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On May 30, 2017, the underwriters elected to partially exercise their over-allotment option to purchase 1,921,700 Units at a purchase price of $10.00 per Unit.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">In connection with the closing of the Initial Public Offering and the over-allotment option, the underwriters were paid a cash underwriting discount of $4,014,340. In addition, the underwriters deferred their fee of up to $8,955,993 until the completion of the initial Business Combination, which amount includes 200,717 ordinary shares (the &#8220;Deferred Shares&#8221;). The Company determined the fair value of the Deferred Shares to be issued to the underwriters at May 30, 2017 to be $2,007,170, based upon the offering price of the Units of $10.00 per Unit. The fair value of the Deferred Shares at September 30, 2017 was determined to be $1,930,898, based upon the closing price of the Company&#8217;s ordinary shares at September 30, 2017. The Company recorded the change in the fair value of the deferred underwriting fee liability of $91,548 and $(76,272) for the three months ended September 30, 2017 and for the period from January 23, 2017 (inception) through September 30, 2017 in the accompanying condensed statements of operations, respectively.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The ordinary shares to be issued to the underwriters have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days pursuant to Rule 5110(g)(1) of FINRA&#8217;s NASD Conduct Rules. Pursuant to FINRA Rule 5110(g)(1), these ordinary shares will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the date of the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>7. SHAREHOLDERS&#8217; EQUITY</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Preferred Shares</i></b> &#8212; The Company is authorized to issue an unlimited number of no par value preferred shares, divided into five classes, Class A through Class E, each with such designation, rights and preferences as may be determined by a resolution of the Company&#8217;s board of directors to amend the Amended and Restated Memorandum and Articles of Association to create such designations, rights and preferences. The Company has five classes of preferred shares to give the Company flexibility as to the terms on which each Class is issued. All shares of a single class must be issued with the same rights and obligations. Accordingly, starting with five classes of preferred shares will allow the Company to issue shares at different times on different terms. At September 30, 2017, there are no preferred shares designated, issued or outstanding.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Ordinary Shares</i></b> &#8212; The Company is authorized to issue an unlimited number of no par value ordinary shares. Holders of the Company&#8217;s ordinary shares are entitled to one vote for each share. At September 30, 2017, there were 11,730,425 ordinary shares issued and outstanding (excluding 16,921,700 ordinary shares subject to possible redemption).</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif"><b><i>Warrants </i></b>&#8212; Public Warrants may only be exercised for a whole number of shares. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within a specified period following the consummation of a Business Combination, the warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis in the same manner as if the Company called the warrants for redemption and required all holders to exercise their warrants on a &#8220;cashless basis.&#8221; The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company may call the warrants for redemption (excluding the Private Warrants):</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="width: 96%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">in whole and not in part;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">at a price of $.01 per warrant;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">at any time during the exercise period;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">upon a minimum of 30 days&#8217; prior written notice of redemption;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">if, and only if, the last sale price of the ordinary shares equals or exceeds $21.00 per share for any 20 trading days within a 30 trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders; and</font></td></tr> </table> <p style="margin: 0"></p> <p style="margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 2%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#9679;</font></td> <td style="width: 96%; text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants commencing five business days prior to the 30-day trading period and continuing each day thereafter until the date of redemption.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">If the Company calls the warrants for redemption, management will have the option to require all holders that wish to exercise the warrants to do so on a &#8220;cashless basis,&#8221; as described in the warrant agreement.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company&#8217;s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>8. FAIR VALUE MEASUREMENTS&#160;</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The fair value of the Company&#8217;s financial assets and liabilities reflects management&#8217;s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 2%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 7%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160;1:</font></td> <td style="width: 91%; text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160;2:</font></td> <td style="text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Level&#160;3:</font></td> <td style="text-align: justify; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The following table presents information about the Company&#8217;s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Description</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-right: 1.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-right: 1.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b><br /><b>2017</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Assets:</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 8%; text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%; text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash and marketable securities held in Trust Account</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">229,957,404</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities:</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Deferred underwriting fees</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">8,955,993</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> <p style="margin: 0pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>9. SUBSEQUENT EVENTS</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">On November 12, 2017, the Company announced that it had entered into definitive agreements to acquire Gulf Energy SAOC ("GES") and National Petroleum Services ("NPS"). GES and NPS are leading regional oilfield services companies offering a mix of drilling, completion and production services and equipment in the Middle East and North Africa (&#8220;MENA&#8221;) and Asia Pacific regions. Following closing, the Company's primary operating locations will be in Dammam, Saudi Arabia, Muscat, Oman and Dubai, UAE with local headquarters in Houston, Texas. The Company will employ more than 3,000 people in more than a dozen countries across the region. The transaction is subject to stockholder approval and other customary closing conditions. See the Company's Current Report on Form 8-K filed with the SEC on November 13, 2017 for further information.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of presentation&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.&#160;&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited condensed financial statements should be read in conjunction with the Company&#8217;s prospectus as filed with the SEC and declared effective on May 11, 2017, as well as the Company&#8217;s Current Report on Form 8-K, as filed with the SEC on May 17, 2017. The interim results for the period from January 23, 2017 (inception) through September 30, 2017 are not necessarily indicative of the results to be expected for the period from January 23, 2017 (inception) through December 31, 2017 or for any future interim periods.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Emerging growth company</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company is an &#8220;emerging growth company,&#8221; as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of estimates</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and cash equivalents</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and marketable securities held in Trust Account</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">At September 30, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ordinary shares subject to possible redemption</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (&#8220;ASC&#8221;) Topic 480 &#8220;Distinguishing Liabilities from Equity.&#8221; Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company&#8217;s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders&#8217; equity. The Company&#8217;s ordinary shares feature certain redemption rights that are considered to be outside of the Company&#8217;s control and subject to occurrence of uncertain future events. Accordingly, at September 30, 2017, ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders&#8217; equity section of the Company&#8217;s balance sheet.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Offering costs</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $13,761,498 were charged to shareholders&#8217; equity upon the completion of the Initial Public Offering.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income taxes</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company complies with the accounting and reporting requirements of ASC Topic 740 &#8220;Income Taxes,&#8221; which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company&#8217;s management determined that the British Virgin Islands is the Company&#8217;s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of September 30, 2017, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company may be subject to potential examination by U.S. federal, U.S. states or foreign taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company&#8217;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The provision for income taxes was deemed to be immaterial for the period from January 23, 2017 (inception) through September 30, 2017.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net income per ordinary share</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company complies with accounting and disclosure requirements ASC Topic 260, &#8220;Earnings Per Share.&#8221; Net income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Ordinary shares subject to possible redemption at September 30, 2017 have been excluded from the calculation of basic income per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (1) warrants sold in the Initial Public Offering and private placement to purchase 17,770,190 ordinary shares and (2) 200,717 ordinary shares that may be issued to the underwriters in connection with the deferred fee payable in the calculation of diluted income per share, since the exercise of the warrants and the issuance of the ordinary shares is contingent upon the occurrence of future events. As a result, diluted income per ordinary share is the same as basic income per ordinary share for the periods.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Concentration of credit risk</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2017, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fair value of financial instruments</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under ASC Topic 820, &#8220;Fair Value Measurements and Disclosures,&#8221; approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recently issued accounting standards</b></font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#8217;s financial statements.</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The following table presents information about the Company&#8217;s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:&#160;</font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 19.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Description</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-right: 1.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>Level</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td colspan="2" style="border-bottom: black 1pt solid; text-align: center; padding-right: 1.8pt"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,</b><br /><b>2017</b></font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Assets:</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 8%; text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 10%; text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Cash and marketable securities held in Trust Account</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">229,957,404</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">Liabilities:</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 9pt"><font style="font: 10pt Times New Roman, Times, Serif">Deferred underwriting fees</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: center; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">1</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">8,955,993</font></td> <td style="padding-right: 0.8pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> </table> 1244689 154938 1399627 229957404 231357031 325692 348823 8955993 9304816 163841000 57948842 262373 58211215 57948842 262373 231357031 556471 473874 -556471 -473874 752458 572378 -9886 -38008 262373 -31052 262373 8690796 11730425 -0.03 -0.04 16921700 25000 25000 6037500 -307075 215455502 215455502 22921700 6309340 6309340 -163841000 -163841000 -16921700 12618680 750290 154938 325692 -383549 229217000 -229217000 25000 225202660 299030 299030 230845238 1244689 1244689 9032265 9032265 163294405 546595 <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Basis of presentation&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.&#160;&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The accompanying unaudited condensed financial statements should be read in conjunction with the Company&#8217;s prospectus as filed with the SEC and declared effective on May 11, 2017, as well as the Company&#8217;s Current Report on Form 8-K, as filed with the SEC on May 17, 2017. The interim results for the period from January 23, 2017 (inception) through September 30, 2017 are not necessarily indicative of the results to be expected for the period from January 23, 2017 (inception) through December 31, 2017 or for any future interim periods.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Emerging growth company&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company is an &#8220;emerging growth company,&#8221; as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Use of estimates&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.<b>&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and cash equivalents&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2017.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Cash and marketable securities held in Trust Account&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">At September 30, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Ordinary shares subject to possible redemption&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (&#8220;ASC&#8221;) Topic 480 &#8220;Distinguishing Liabilities from Equity.&#8221; Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company&#8217;s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders&#8217; equity. The Company&#8217;s ordinary shares feature certain redemption rights that are considered to be outside of the Company&#8217;s control and subject to occurrence of uncertain future events. Accordingly, at September 30, 2017, ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders&#8217; equity section of the Company&#8217;s balance sheet.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif"><b>Offering costs&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $13,761,498 were charged to shareholders&#8217; equity upon the completion of the Initial Public Offering.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 16.5pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Income taxes&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company complies with the accounting and reporting requirements of ASC Topic 740 &#8220;Income Taxes,&#8221; which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company&#8217;s management determined that the British Virgin Islands is the Company&#8217;s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of September 30, 2017, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company may be subject to potential examination by U.S. federal, U.S. states or foreign taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company&#8217;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The provision for income taxes was deemed to be immaterial for the period from January 23, 2017 (inception) through September 30, 2017.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Net loss per ordinary share&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company complies with accounting and disclosure requirements ASC Topic 260, &#8220;Earnings Per Share.&#8221; Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding for the period. Ordinary shares subject to possible redemption at September 30, 2017 have been excluded from the calculation of basic income per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (1) warrants sold in the Initial Public Offering and private placement to purchase 17,770,190 ordinary shares and (2) 200,717 ordinary shares that may be issued to the underwriters in connection with the deferred fee payable in the calculation of diluted loss per share, since the exercise of the warrants and the issuance of the ordinary shares is contingent upon the occurrence of future events. As a result, diluted income per ordinary share is the same as basic loss per ordinary share for the periods.&#160;</font></p> <p style="margin: 0pt 0"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Reconciliation of net loss per ordinary share &#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#8217;s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal"> <tr style="vertical-align: bottom"> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b><br /> <b>Ended</b><br /> <b>September 30,</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center"><p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the Period</b><br /> <b>from January 23, </b><br /> <b>2017 (inception) </b><br /> <b>through&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,&#160;&#160;</b></font></p></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="width: 74%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(31,052</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">262,373</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">Less: Income attributable to ordinary shares subject to redemption</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(393,309</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(546,566</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Adjusted net loss</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(424,361</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(284,193</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares outstanding, basic and diluted</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">11,730,425</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">8,690,796</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Basic and diluted net loss per ordinary share</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.03</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Concentration of credit risk&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2017, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Fair value of financial instruments&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under ASC Topic 820, &#8220;Fair Value Measurements and Disclosures,&#8221; approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Recently issued accounting standards</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#8217;s financial statements.</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif"><b>Reconciliation of net loss per ordinary share &#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#8217;s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal"> <tr style="vertical-align: bottom"> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b><br /> <b>Ended</b><br /> <b>September 30,</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center"><p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the Period</b><br /> <b>from January 23, </b><br /> <b>2017 (inception) </b><br /> <b>through&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,&#160;&#160;</b></font></p></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="width: 74%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(31,052</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">262,373</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">Less: Income attributable to ordinary shares subject to redemption</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(393,309</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(546,566</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Adjusted net loss</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(424,361</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(284,193</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares outstanding, basic and diluted</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">11,730,425</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">8,690,796</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Basic and diluted net loss per ordinary share</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.03</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">The Company&#8217;s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows:&#160;</font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></p> <table cellspacing="0" cellpadding="0" style="font: 10pt/normal Times New Roman, Times, Serif; width: 100%; border-collapse: collapse; font-size-adjust: none; font-stretch: normal"> <tr style="vertical-align: bottom"> <td style="text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>Three Months</b><br /> <b>Ended</b><br /> <b>September 30,</b></font></td> <td style="font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center"><p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>For the Period</b><br /> <b>from January 23, </b><br /> <b>2017 (inception) </b><br /> <b>through&#160;</b></font></p> <p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0pt 1.8pt 0pt 0; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif"><b>September 30,&#160;&#160;</b></font></p></td> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom"> <td><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td> <td colspan="2" style="text-align: center; font-weight: bold; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif"><b>2017</b></font></td> <td style="padding-bottom: 1pt; font-weight: bold"><font style="font: 10pt Times New Roman, Times, Serif"><b>&#160;</b></font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="width: 74%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">Net (loss) income</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">(31,052</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">)&#160;</font></td> <td style="width: 1%"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="width: 10%; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">262,373</font></td> <td style="width: 1%; text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">Less: Income attributable to ordinary shares subject to redemption</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(393,309</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 1pt solid"><font style="font: 10pt Times New Roman, Times, Serif">(546,566</font></td> <td style="text-align: left; padding-bottom: 1pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Adjusted net loss</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(424,361</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(284,193</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Weighted average shares outstanding, basic and diluted</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">11,730,425</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">8,690,796</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255)"> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">Basic and diluted net loss per ordinary share</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.04</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td> <td style="padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">&#160;</font></td> <td style="text-align: left; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">$</font></td> <td style="text-align: right; border-bottom: black 2pt double"><font style="font: 10pt Times New Roman, Times, Serif">(0.03</font></td> <td style="text-align: left; padding-bottom: 2pt"><font style="font: 10pt Times New Roman, Times, Serif">)</font></td></tr> </table> 546566 393309 -284193 -424361 8955993 Excludes an aggregate of up to 16,921,700 shares subject to redemption at September 30, 2017. EX-101.SCH 7 nesru-20170930.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - CONDENSED BALANCE SHEET (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - CONDENSED BALANCE SHEET (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000008 - Statement - CONDENSED STATEMENT OF CASH FLOWS (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - INITIAL PUBLIC OFFERING link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - PRIVATE PLACEMENT link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - SHAREHOLDERS' EQUITY link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - FAIR VALUE MEASUREMENTS link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - FAIR VALUE MEASUREMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - INITIAL PUBLIC OFFERING (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - PRIVATE PLACEMENT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - SHAREHOLDERS' EQUITY (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - FAIR VALUE MEASUREMENTS (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 nesru-20170930_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 nesru-20170930_def.xml XBRL DEFINITION FILE EX-101.LAB 10 nesru-20170930_lab.xml XBRL LABEL FILE Sale of Stock [Axis] IPO [Member] Related Party [Axis] NESR Holdings Ltd (Sponsor) [Member] Private Placement [Member] Equity Components [Axis] Warrant [Member] Over-Allotment Option [Member] Initial Public Offering and Private Placement [Member] Underwriter [Member] Ordinary Shares [Member] Debt Instrument [Axis] Unsecured Non-Interest Bearing Advance [Member] Unsecured Non-Interest Bearing Promissory Note Due May 17, 2017 [Member] Working Capital Loans [Member] Range [Axis] Maximum [Member] Measurement Frequency [Axis] Fair Value, Measurements, Recurring [Member] Fair Value, Hierarchy [Axis] Fair Value, Inputs, Level 1 [Member] Retained Earnings [Member] Document And Entity Information Entity Registrant Name Entity Central Index Key Document Type Trading Symbol Document Period End Date Amendment Flag Current Fiscal Year End Date Entity a Well-known Seasoned Issuer Entity a Voluntary Filer Entity's Reporting Status Current Entity Filer Category Entity Public Float Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement of Financial Position [Abstract] ASSETS Current Assets Cash Prepaid expenses Total Current Assets Cash and marketable securities held in Trust Account Total Assets LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities Accrued expenses Advance from related party Total Current Liabilities Deferred underwriting fees Total Liabilities Commitments Ordinary shares subject to possible redemption, 16,921,700 shares at redemption value Shareholders' Equity Preferred shares, no par value; unlimited shares authorized; none issued and outstanding Ordinary shares, no par value; unlimited shares authorized; 11,730,425 shares issued and outstanding (excluding 16,921,700 shares subject to possible redemption) Retained earnings Total Shareholders' Equity TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY Temporary equity, authorized Preferred stock, no par value (in dollars per share) Preferred stock, authorized Preferred stock, issued Preferred stock, outstanding Common stock, no par value (in dollars per share) Common stock, authorized Common stock, issued Common stock, outstanding Income Statement [Abstract] Operating costs Loss from operations Other income (expense): Interest income Change in fair value of deferred underwriting fee liability Unrealized loss on marketable securities held in Trust Account Net (loss) income Weighted average shares outstanding, basic and diluted (in shares) Basic and diluted net loss per common share (in dollars per share) Number of shares redemption Statement [Table] Statement [Line Items] Increase (Decrease) in Stockholders' Equity [Roll Forward] Balance at beginning Balance at beginning (in shares) Issuance of ordinary shares to Sponsor Issuance of ordinary shares to Sponsor (in shares) Forfeiture of Founder Shares Forfeiture of Founder Shares (in shares) Sale of 22,921,700 Units, net of underwriters discount and offering expenses Sale of 22,921,700 Units, net of underwriters discount and offering expenses (in shares) Sale of 12,618,680 Private Warrants Sale of 12,618,680 Private Warrants (in shares) Ordinary shares subject to redemption Ordinary shares subject to redemption (in shares) Net income Balance at end Balance at end (in shares) Statement of Stockholders' Equity [Abstract] Underwriters discount and offering expenses, units sold Sale of Private Warrants Statement of Cash Flows [Abstract] Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash used in operating activities: Interest earned on marketable securities held in Trust Account Change in fair value of deferred underwriting fee liability Unrealized loss on securities held in Trust Account Changes in operating assets and liabilities: Prepaid expenses Accrued expenses Net cash used in operating activities Cash Flows from Investing Activities: Investment of cash in Trust Account Net cash used in investing activities Cash Flows from Financing Activities: Proceeds from issuance of ordinary shares to initial shareholder Proceeds from sale of Units, net of underwriting discounts paid Proceeds from sale of Private Warrants Advances from related party Repayment of advances from related party Proceeds from promissory note - related parties Repayment of promissory note - related party Payment of offering costs Net cash provided by financing activities Net Change in Cash Cash - Beginning Cash - Ending Non-Cash investing and financing activities: Deferred underwriting fee payable Initial classification of ordinary shares subject to possible redemption Change in value of ordinary shares subject to possible redemption Organization, Consolidation and Presentation of Financial Statements [Abstract] DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Accounting Policies [Abstract] SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Initial Public Offering INITIAL PUBLIC OFFERING Private Placement PRIVATE PLACEMENT Related Party Transactions [Abstract] RELATED PARTY TRANSACTIONS Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Stockholders' Equity Note [Abstract] SHAREHOLDERS' EQUITY Fair Value Disclosures [Abstract] FAIR VALUE MEASUREMENTS Subsequent Events [Abstract] SUBSEQUENT EVENTS Basis of presentation Emerging growth company Use of estimates Cash and cash equivalents Cash and marketable securities held in Trust Account Ordinary shares subject to possible redemption Offering costs Income taxes Net income per ordinary share Reconciliation of net loss per ordinary share Concentration of credit risk Fair value of financial instruments Recently issued accounting standards Schedule of basic and diluted loss per ordinary share Schedule of fair value hierarchy of the valuation inputs Subsequent Event Type [Axis] Proceeds from unit issuance Number of shares issued in transaction Number of warrant issued Share price (in dollars per share) Proceeds from warrant issuance Unit price (in dollars per unit) Total proceeds from over-allotment option Additional proceeds from unit issuance held in the Trust Account Total proceeds held in the Trust Account Transaction costs Underwriting fees Initial public offering costs Cash available for working capital Description of transaction Net tangible asset Initial public offering shares holding Net income (loss) Less: Income attributable to ordinary shares subject to redemption Adjusted net loss Weighted average shares outstanding, basic and diluted Basic and diluted net loss per ordinary share Number of shares issued Federal depository insurance coverage Total number of units issued in transaction Number of share consisted in each unit Number of shares called by each warrant Warrant exercise price (in dollars per share) Value of shares issued Stock split ratio Number of shares held after stock split Number of shares forfeiture Percentage of ownership after the IPO Number of shares no longer subject to forfeiture Description of share price Proceeds from related party Repayments of advances from related party Advance from related party outstanding Debt face amount Monthly administrative service fee Administrative fee Working capital loans Total number of shares granted in transaction Sale of stock, price per share (in dollars per share) Deferred underwriting fees Fair value of deferred shares Common stock, voting rights Ordinary shares subject to possible redemption Warrant term Description of warrant exercise price Fair Value Measurements, Recurring and Nonrecurring [Table] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Assets: Cash and marketable securities held in Trust Account Liabilities: Deferred underwriting fees Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The cash inflow for additional proceeds from unit issuance held in trust account. The cash inflow for total proceeds which is held in trust account. It represents as a deferred underwriting fees. The cash outflow for cost incurred directly with the issuance of an equity security. Refers to amount of cash balance required for working capital during the period. Amount of net assets (liabilities). Number of shares represents as a initial public offering shares holding. Initial public offering and private placement. Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. Information by type of debt instrument, including, but not limited to, draws against credit facilities. Refers to total number of shares held after the stock split. Refers to numbers of shares no longer subject to forfeiture. Description of share price. Information related to working capital loans. Refers to number of shares granted in transaction. It represents as a fair value of deferred shares. It represents as a change in fair value of deferred underwriting fee liability. Description of exercise price per share or per unit of warrants or rights outstanding. Description of exercise price per share or per unit of warrants or rights outstanding. It represents amount of deferred underwriting fee payable. The entire disclosure for information about initial public offering. The entire disclosure for information about private placement. Disclosure of accounting policy for emerging growth company. The entire disclosure about cash and marketable securities held in trust account. The entire disclosure about ordinary shares subject to possible redemption. It represents value of cash and marketable securities held in trust account noncurrent. It represents value of stock issued during period issuance of ordinary shares, value to sponsor. It represents the number of shares issued during period issuance of ordinary shares to sponor. It represents the amount of sale of units net of value underwriters discount and offering expenses. It represents the number of shares sale of units net of value underwriters discount and offering expenses. It represents the amount of private warrants sold. It represents the number of shares for private warrants sold. It represents the value of ordinary shares subject to redemption. It represents the number of shares subject to redemption. It represents the number of private warrants sold. It represents value of interest earned on marketable securities held in trust account. It represents value of proceeds from investment of cash in trust account. It represents value of proceeds from sale of units, net of underwriting discounts paid. It represents value of repayments of related party debt. It represents amount of deferred underwriting fee payable. It represents value of initial classification of ordinary shares subject to possible redemption. It represents value of change in value of ordinary shares subject to possible redemption. Disclosure of accounting policy for reconciliation of net loss per ordinary share. Assets, Current Assets Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity InterestEarnedOnMarketableSecuritiesHeldInTrustAccount Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accrued Liabilities Net Cash Provided by (Used in) Operating Activities ProceedsFromInvestmentOfCashInTrustAccount Net Cash Provided by (Used in) Investing Activities RepaymentsOfRelatedPartyDebt1 Net Cash Provided by (Used in) Financing Activities Cash and Cash Equivalents, Period Increase (Decrease) Cash and Cash Equivalents, at Carrying Value CashAndMarketableSecuritiesHeldInTrustAccountPolicyTextBlock Preferred Stock Dividends, Income Statement Impact Net Income (Loss) Available to Common Stockholders, Basic DeferredUnderwritingFees Assets Held-in-trust, Noncurrent DeferredUnderwritingFee EX-101.PRE 11 nesru-20170930_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information - shares
8 Months Ended
Sep. 30, 2017
Nov. 09, 2017
Document And Entity Information    
Entity Registrant Name National Energy Services Reunited Corp.  
Entity Central Index Key 0001698514  
Document Type 10-Q  
Trading Symbol NESRU  
Document Period End Date Sep. 30, 2017  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity a Well-known Seasoned Issuer No  
Entity a Voluntary Filer No  
Entity's Reporting Status Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Common Stock, Shares Outstanding   28,652,125
Document Fiscal Period Focus Q3  
Document Fiscal Year Focus 2017  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED BALANCE SHEET (Unaudited)
Sep. 30, 2017
USD ($)
Current Assets  
Cash $ 1,244,689
Prepaid expenses 154,938
Total Current Assets 1,399,627
Cash and marketable securities held in Trust Account 229,957,404
Total Assets 231,357,031
Current liabilities  
Accrued expenses 325,692
Advance from related party 23,131
Total Current Liabilities 348,823
Deferred underwriting fees 8,955,993
Total Liabilities 9,304,816
Commitments
Ordinary shares subject to possible redemption, 16,921,700 shares at redemption value 163,841,000
Shareholders' Equity  
Preferred shares, no par value; unlimited shares authorized; none issued and outstanding
Ordinary shares, no par value; unlimited shares authorized; 11,730,425 shares issued and outstanding (excluding 16,921,700 shares subject to possible redemption) 57,948,842
Retained earnings 262,373
Total Shareholders' Equity 58,211,215
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 231,357,031
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED BALANCE SHEET (Unaudited) (Parenthetical)
8 Months Ended
Sep. 30, 2017
$ / shares
shares
Statement of Financial Position [Abstract]  
Temporary equity, authorized 16,921,700
Preferred stock, no par value (in dollars per share) | $ / shares
Preferred stock, authorized Unlimited
Preferred stock, issued
Preferred stock, outstanding
Common stock, no par value (in dollars per share) | $ / shares
Common stock, authorized Unlimited
Common stock, issued 11,730,425
Common stock, outstanding 11,730,425
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 8 Months Ended
Sep. 30, 2017
Sep. 30, 2017
Income Statement [Abstract]    
Operating costs $ 473,874 $ 556,471
Loss from operations (473,874) (556,471)
Other income (expense):    
Interest income 572,378 752,458
Change in fair value of deferred underwriting fee liability (91,548) 76,272
Unrealized loss on marketable securities held in Trust Account (38,008) (9,886)
Net (loss) income $ (31,052) $ 262,373
Weighted average shares outstanding, basic and diluted (in shares) [1] 11,730,425 8,690,796
Basic and diluted net loss per common share (in dollars per share) $ (0.04) $ (0.03)
[1] Excludes an aggregate of up to 16,921,700 shares subject to redemption at September 30, 2017.
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical)
8 Months Ended
Sep. 30, 2017
shares
Income Statement [Abstract]  
Number of shares redemption 16,921,700
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - 8 months ended Sep. 30, 2017 - USD ($)
Ordinary Shares [Member]
Retained Earnings [Member]
Total
Balance at beginning at Jan. 22, 2017
Balance at beginning (in shares) at Jan. 22, 2017    
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Issuance of ordinary shares to Sponsor $ 25,000 25,000
Issuance of ordinary shares to Sponsor (in shares) 6,037,500    
Forfeiture of Founder Shares
Forfeiture of Founder Shares (in shares) (307,075)    
Sale of 22,921,700 Units, net of underwriters discount and offering expenses $ 215,455,502 215,455,502
Sale of 22,921,700 Units, net of underwriters discount and offering expenses (in shares) 22,921,700    
Sale of 12,618,680 Private Warrants $ 6,309,340 6,309,340
Sale of 12,618,680 Private Warrants (in shares)    
Ordinary shares subject to redemption $ (163,841,000) (163,841,000)
Ordinary shares subject to redemption (in shares) (16,921,700)    
Net income 262,373 262,373
Balance at end at Sep. 30, 2017 $ 57,948,842 $ 262,373 $ 58,211,215
Balance at end (in shares) at Sep. 30, 2017 11,730,425   11,730,425
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical)
8 Months Ended
Sep. 30, 2017
shares
Statement of Stockholders' Equity [Abstract]  
Underwriters discount and offering expenses, units sold 22,921,700
Sale of Private Warrants 12,618,680
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED STATEMENT OF CASH FLOWS (Unaudited)
8 Months Ended
Sep. 30, 2017
USD ($)
Cash Flows from Operating Activities:  
Net income $ 262,373
Adjustments to reconcile net income to net cash used in operating activities:  
Interest earned on marketable securities held in Trust Account (750,290)
Change in fair value of deferred underwriting fee liability (76,272)
Unrealized loss on securities held in Trust Account 9,886
Changes in operating assets and liabilities:  
Prepaid expenses (154,938)
Accrued expenses 325,692
Net cash used in operating activities (383,549)
Cash Flows from Investing Activities:  
Investment of cash in Trust Account (229,217,000)
Net cash used in investing activities (229,217,000)
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 155,268
Repayment of advances from related party (132,137)
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 230,845,238
Net Change in Cash 1,244,689
Cash - Beginning
Cash - Ending 1,244,689
Non-Cash investing and financing activities:  
Deferred underwriting fee payable 9,032,265
Initial classification of ordinary shares subject to possible redemption 163,294,405
Change in value of ordinary shares subject to possible redemption $ 546,595
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS
8 Months Ended
Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS

 

National Energy Services Reunited Corp. (the “Company”) is a blank check company formed in the British Virgin Islands on January 23, 2017. The Company was formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, purchasing all or substantially all of the assets of, entering into contractual arrangements, or engaging in any other similar business combination with one or more businesses or entities that the Company has not yet identified (a “Business Combination”). Although the Company is not limited to a particular industry or geographic region for purposes of consummating a Business Combination, the Company intends to focus on businesses that operate in the energy services industry, with an emphasis on oil and gas services globally.

 

At September 30, 2017, the Company had not yet commenced operations. All activity through September 30, 2017 relates to the Company’s formation, its initial public offering (“Initial Public Offering”), which is described below, and identifying a target company for a Business Combination.

 

The registration statements for the Company’s Initial Public Offering were declared effective on May 11, 2017. On May 17, 2017, the Company consummated the Initial Public Offering of 21,000,000 units (“Units” and, with respect to the ordinary shares included in the Units being offered, the “Public Shares”), generating gross proceeds of $210,000,000, which is described in Note 3.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 11,850,000 warrants (the “Private Warrants”) at a price of $0.50 per warrant in a private placement to the Company’s sponsor, NESR Holdings Ltd. (the “Sponsor”), generating gross proceeds of $5,925,000, which is described in Note 4.

 

Following the closing of the Initial Public Offering on May 17, 2017, an amount of $210,000,000 ($10.00 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the Private Warrants was placed in a trust account (“Trust Account”) and invested in U.S. government securities, within the meaning set forth in Section 2(a)(16) of the Investment Company Act of 1940, as amended (the “Investment Company Act”), with a maturity of 180 days or less or in any open-ended investment company that holds itself out as a money market fund selected by the Company meeting the conditions of paragraphs (d)(2), (d)(3) and (d)(4) of Rule 2a-7 of the Investment Company Act, as determined by the Company, until the earlier of: (i) the consummation of a Business Combination or (ii) the distribution of the Trust Account, as described below.

 

On May 30, 2017, in connection with the underwriters’ election to partially exercise their over-allotment option, the Company consummated the sale of an additional 1,921,700 Units at $10.00 per Unit and the sale of an additional 768,680 Private Warrants at $0.50 per warrant, generating total gross proceeds of $19,601,340. Following the closing, an additional $19,217,000 of net proceeds ($10.00 per Unit) was placed in the Trust Account, resulting in $229,217,000 ($10.00 per Unit) held in the Trust Account.

 

Transaction costs amounted to $13,761,498, consisting of $4,014,340 of underwriting fees, $9,032,265 of deferred underwriting fees (see Note 6) and $714,893 of Initial Public Offering costs. As of September 30, 2017, $1,244,689 of cash was held outside of the Trust Account and was available for working capital purposes.

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of its Initial Public Offering and sale of Private Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. The Company’s initial Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the balance in the Trust Account (excluding any deferred underwriters fees and taxes payable on the income earned on the Trust Account) at the time of the signing of an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. There is no assurance that the Company will be able to successfully effect a Business Combination.

 

The Company will provide its shareholders with the opportunity to redeem all or a portion of their Public Shares upon the completion of a Business Combination either (i) in connection with a shareholder meeting called to approve the Business Combination or (ii) by means of a tender offer. The decision as to whether the Company will seek shareholder approval of a Business Combination or conduct a tender offer will be made by the Company, solely in its discretion and in accordance with applicable laws and regulations. The shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then on deposit in the Trust Account ($10.00 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). The per-share amount to be distributed to shareholders who redeem their shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriters (as discussed in Note 6). The Company will proceed with a Business Combination if the Company has net tangible assets of at least $5,000,001 upon such consummation of a Business Combination and, if the Company seeks shareholder approval, a majority of the outstanding shares voted are voted in favor of the Business Combination. However, certain investors in the Initial Public Offering holding 6,000,000 Public Shares have agreed that they will hold such Public Shares sold in the Initial Public Offering through the consummation of an initial Business Combination and not seek redemption in connection therewith. As a result, the Company expects to meet the $5,000,001 net tangible asset requirement in order to complete its initial Business Combination. 

 

If a shareholder vote is not required by law and the Company does not decide to hold a shareholder vote for business or other legal reasons, or if the Company is deemed to be a foreign private issuer (“FPI”) at such time, the Company will, pursuant to its Amended and Restated Memorandum and Articles of Association, conduct the redemptions pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents with the SEC prior to completing a Business Combination. If, however, a shareholder approval of the transaction is required by law, or the Company decides to obtain shareholder approval for business or other legal reasons, and if the Company will not be an FPI at such time, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If the Company seeks shareholder approval in connection with a Business Combination, the Sponsor, officers and directors (the “Initial Shareholders”) have agreed to vote their Founder Shares (as defined in Note 5), and any Public Shares held by them in favor of approving a Business Combination. Additionally, each public shareholder may elect to redeem their Public Shares irrespective of whether they vote for or against the proposed transaction.

 

If the Company seeks shareholder approval of a Business Combination and it does not conduct redemptions in connection with a Business Combination pursuant to the tender offer rules, the Company’s Amended and Restated Memorandum and Articles of Association provides that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to an aggregate of 20% or more of the ordinary shares sold in the Initial Public Offering.

 

The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (the “Combination Period”). However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.

 

The Initial Shareholders have agreed (i) to waive their liquidation rights with respect to their Founder Shares if the Company fails to consummate a Business Combination within the Combination Period, (ii) to waive their redemption rights from the Trust Account with respect to their Founder Shares and Public Shares in connection with the consummation of a Business Combination and (iii) not to propose an amendment to the Company’s Amended and Restated Memorandum and Articles of Association that would affect the substance or timing of the Company’s obligation to redeem 100% of its Public Shares if the Company does not complete a Business Combination, unless the Company provides the public shareholders with the opportunity to redeem their shares in conjunction with any such amendment. However, the Initial Shareholders will be entitled to liquidating distributions with respect to any Public Shares acquired if the Company fails to consummate a Business Combination or liquidates within the Combination Period. The underwriters have agreed to waive their rights to deferred underwriting commissions held in the Trust Account in the event the Company does not consummate a Business Combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the $10.00 per Unit in the Initial Public Offering. In order to protect the amounts held in the Trust Account, the Sponsor has agreed to be liable to the Company if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amount of funds in the Trust Account. This liability will not apply with respect to any claims by a third party who executed a waiver of any right, title, interest or claim of any kind in or to any monies held in the Trust Account or to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). Moreover, in the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers, prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
8 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 

 

Basis of presentation 

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.  

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus as filed with the SEC and declared effective on May 11, 2017, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on May 17, 2017. The interim results for the period from January 23, 2017 (inception) through September 30, 2017 are not necessarily indicative of the results to be expected for the period from January 23, 2017 (inception) through December 31, 2017 or for any future interim periods. 

 

Emerging growth company 

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. 

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. 

 

Use of estimates 

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. 

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates. 

 

Cash and cash equivalents 

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2017. 

 

Cash and marketable securities held in Trust Account 

 

At September 30, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills. 

 

Ordinary shares subject to possible redemption 

 

The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at September 30, 2017, ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. 

 

Offering costs 

 

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $13,761,498 were charged to shareholders’ equity upon the completion of the Initial Public Offering. 

 

Income taxes 

 

The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the British Virgin Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of September 30, 2017, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

 

The Company may be subject to potential examination by U.S. federal, U.S. states or foreign taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. 

 

The provision for income taxes was deemed to be immaterial for the period from January 23, 2017 (inception) through September 30, 2017. 

 

Net loss per ordinary share 

 

The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share.” Net loss per ordinary share is computed by dividing net loss by the weighted average number of ordinary shares outstanding for the period. Ordinary shares subject to possible redemption at September 30, 2017 have been excluded from the calculation of basic income per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (1) warrants sold in the Initial Public Offering and private placement to purchase 17,770,190 ordinary shares and (2) 200,717 ordinary shares that may be issued to the underwriters in connection with the deferred fee payable in the calculation of diluted loss per share, since the exercise of the warrants and the issuance of the ordinary shares is contingent upon the occurrence of future events. As a result, diluted income per ordinary share is the same as basic loss per ordinary share for the periods. 

 

Reconciliation of net loss per ordinary share  

 

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows: 

 

    Three Months
Ended
September 30,
   

For the Period
from January 23,
2017 (inception)
through 

September 30,  

 
    2017     2017  
Net (loss) income   $ (31,052   $ 262,373  
Less: Income attributable to ordinary shares subject to redemption     (393,309 )     (546,566 )
Adjusted net loss   $ (424,361 )   $ (284,193 )
                 
Weighted average shares outstanding, basic and diluted     11,730,425       8,690,796  
                 
Basic and diluted net loss per ordinary share   $ (0.04 )   $ (0.03 )

  

Concentration of credit risk 

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2017, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account. 

 

Fair value of financial instruments 

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature. 

 

Recently issued accounting standards

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
INITIAL PUBLIC OFFERING
8 Months Ended
Sep. 30, 2017
Initial Public Offering  
INITIAL PUBLIC OFFERING

3. INITIAL PUBLIC OFFERING

 

Pursuant to the Initial Public Offering, the Company sold 22,921,700 Units at a purchase price of $10.00 per Unit, inclusive of 1,921,700 Units sold to the underwriters on May 30, 2017 upon the underwriters’ election to partially exercise their over-allotment option. Each Unit consists of one ordinary share and one warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one-half of one ordinary share at an exercise price of $5.75 per half share (see Note 7).

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
PRIVATE PLACEMENT
8 Months Ended
Sep. 30, 2017
Private Placement  
PRIVATE PLACEMENT

4. PRIVATE PLACEMENT

 

Simultaneously with the Initial Public Offering, the Sponsor purchased an aggregate of 11,850,000 Private Warrants at a price of $0.50 per Private Warrant for an aggregate purchase price of $5,925,000. On May 30, 2017, the Company consummated the sale of an additional 768,680 Private Warrants at a price of $0.50 per Private Warrant, which were purchased by the Sponsor, generating gross proceeds of $384,340. The proceeds from the Private Warrants were added to the proceeds from the Initial Public Offering held in the Trust Account. There will be no redemption rights or liquidating distributions from the Trust Account with respect to the Private Warrants.

 

The Private Warrants are identical to the Public Warrants except that the Private Warrants (i) are not redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchaser or their permitted transferees. In addition, the Private Warrants and their component securities may not be transferable, assignable or salable until 30 days after the consummation of a Business Combination, subject to certain limited exceptions.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY TRANSACTIONS
8 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

5. RELATED PARTY TRANSACTIONS

 

Founder Shares

 

On February 9, 2017, the Company issued an aggregate of 5,750,000 ordinary shares to the Sponsor for an aggregate purchase price of $25,000. On May 11, 2017, the Company effectuated a 1.05-for-1 subdivision of its ordinary shares, resulting in an aggregate of 6,037,500 ordinary shares being held by the Sponsor (the “Founder Shares”). The 6,037,500 Founder Shares included an aggregate of up to 787,500 ordinary shares which were subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment was not exercised in full or in part, so that the Sponsor would own 20% of the Company’s issued and outstanding shares after the Initial Public Offering. As a result of the underwriters’ election to partially exercise their over-allotment option on May 30, 2017, 480,425 Founder Shares are no longer subject to forfeiture. The underwriters elected not to exercise the remaining portion of the over-allotment option and, therefore, 307,075 Founder Shares were forfeited.

 

The Sponsor has agreed that, subject to certain limited exceptions, its Founder Shares will not be transferred, assigned or sold until one year after the date of the consummation of a Business Combination or earlier if, subsequent to a Business Combination, the last sales price of the Company’s ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after a Business Combination.

 

Related Party Advances

 

As of September 30, 2017, the Sponsor advanced the Company an aggregate of $155,268 for costs associated with the Initial Public Offering and for working capital purposes. The advances are non-interest bearing, unsecured and due on demand. As of September 30, 2017, the Company has repaid $132,137 of such advances. Advances amounting to $23,131 were outstanding as of September 30, 2017.

 

Promissory Note — Related Party

 

On February 10, 2017, the Company entered into a promissory note with the Sponsor, whereby the Sponsor agreed to loan the Company up to an aggregate of $300,000 (the “Promissory Note”) to be used in part for expenses incurred in connection with the Initial Public Offering. The Promissory Note was non-interest bearing, unsecured and due on the earlier of June 30, 2017 or the closing of the Initial Public Offering. The Promissory Note was repaid upon the consummation of the Initial Public Offering on May 17, 2017.

  

Administrative Service Fee

 

The Company entered into an agreement whereby, commencing on May 17, 2017 through the earlier of the consummation of a Business Combination or the Company’s liquidation, the Company will pay the Sponsor a monthly fee of $10,000 for office space, utilities and administrative support. For the three months ended September 30, 2017 and the period from January 23, 2017 (inception) through September 30, 2017, the Company incurred $30,000 and $50,000, respectively, in fees for these services, which such amounts are included in operating costs in the accompanying condensed statements of operations. As of September 30, 2017, $50,000 of administrative fees payable are included in accrued expenses in the accompanying condensed balance sheet at September 30, 2017.

 

Related Party Loans

 

In order to finance transaction costs in connection with a Business Combination, the Sponsor, the Company’s officers, directors or their affiliates may, but are not obligated to, loan the Company funds from time to time or at any time, as may be required (“Working Capital Loans”). Each Working Capital Loan would be evidenced by a promissory note. The Working Capital Loans would either be paid upon consummation of a Business Combination, without interest, or, at the holder’s discretion, up to $1,500,000 of the Working Capital Loans may be converted into Private Warrants at a price of $0.50 per warrant. There were no Working Capital Loans outstanding as of September 30, 2017.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES
8 Months Ended
Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

6. COMMITMENTS AND CONTINGENCIES

 

Registration Rights

 

Pursuant to a registration rights agreement entered into on May 11, 2017, the holders of the Founder Shares, Private Warrants (and their underlying securities) and the warrants that may be issued upon conversion of the Working Capital Loans (and their underlying securities) are entitled to registration rights. The holders of a majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

  

Underwriters Agreement

 

The Company granted the underwriters a 45-day option to purchase up to 3,150,000 additional Units to cover over-allotments at the Initial Public Offering price, less the underwriting discounts and commissions. On May 30, 2017, the underwriters elected to partially exercise their over-allotment option to purchase 1,921,700 Units at a purchase price of $10.00 per Unit.

 

In connection with the closing of the Initial Public Offering and the over-allotment option, the underwriters were paid a cash underwriting discount of $4,014,340. In addition, the underwriters deferred their fee of up to $8,955,993 until the completion of the initial Business Combination, which amount includes 200,717 ordinary shares (the “Deferred Shares”). The Company determined the fair value of the Deferred Shares to be issued to the underwriters at May 30, 2017 to be $2,007,170, based upon the offering price of the Units of $10.00 per Unit. The fair value of the Deferred Shares at September 30, 2017 was determined to be $1,930,898, based upon the closing price of the Company’s ordinary shares at September 30, 2017. The Company recorded the change in the fair value of the deferred underwriting fee liability of $91,548 and $(76,272) for the three months ended September 30, 2017 and for the period from January 23, 2017 (inception) through September 30, 2017 in the accompanying condensed statements of operations, respectively.

 

The ordinary shares to be issued to the underwriters have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days pursuant to Rule 5110(g)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(g)(1), these ordinary shares will not be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the date of the Initial Public Offering, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHAREHOLDERS' EQUITY
8 Months Ended
Sep. 30, 2017
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY

7. SHAREHOLDERS’ EQUITY

 

Preferred Shares — The Company is authorized to issue an unlimited number of no par value preferred shares, divided into five classes, Class A through Class E, each with such designation, rights and preferences as may be determined by a resolution of the Company’s board of directors to amend the Amended and Restated Memorandum and Articles of Association to create such designations, rights and preferences. The Company has five classes of preferred shares to give the Company flexibility as to the terms on which each Class is issued. All shares of a single class must be issued with the same rights and obligations. Accordingly, starting with five classes of preferred shares will allow the Company to issue shares at different times on different terms. At September 30, 2017, there are no preferred shares designated, issued or outstanding.

 

Ordinary Shares — The Company is authorized to issue an unlimited number of no par value ordinary shares. Holders of the Company’s ordinary shares are entitled to one vote for each share. At September 30, 2017, there were 11,730,425 ordinary shares issued and outstanding (excluding 16,921,700 ordinary shares subject to possible redemption).

 

Warrants — Public Warrants may only be exercised for a whole number of shares. The Public Warrants will become exercisable on the later of (a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering. No Public Warrants will be exercisable for cash unless the Company has an effective and current registration statement covering the ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to such ordinary shares. Notwithstanding the foregoing, if a registration statement covering the ordinary shares issuable upon the exercise of the Public Warrants is not effective within a specified period following the consummation of a Business Combination, the warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise the Public Warrants on a cashless basis in the same manner as if the Company called the warrants for redemption and required all holders to exercise their warrants on a “cashless basis.” The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or liquidation.

 

The Company may call the warrants for redemption (excluding the Private Warrants):

 

  in whole and not in part;
  at a price of $.01 per warrant;
  at any time during the exercise period;
  upon a minimum of 30 days’ prior written notice of redemption;
  if, and only if, the last sale price of the ordinary shares equals or exceeds $21.00 per share for any 20 trading days within a 30 trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders; and

 

  if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants commencing five business days prior to the 30-day trading period and continuing each day thereafter until the date of redemption.

  

If the Company calls the warrants for redemption, management will have the option to require all holders that wish to exercise the warrants to do so on a “cashless basis,” as described in the warrant agreement.

 

The exercise price and number of ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, extraordinary dividend or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuances of ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants. If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly, the warrants may expire worthless.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS
8 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS

8. FAIR VALUE MEASUREMENTS 

 

The Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. 

 

The fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

 

  Level 1: Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.
     
  Level 2: Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.
     
  Level 3: Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

 

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: 

 

Description   Level     September 30,
2017
 
Assets:                
Cash and marketable securities held in Trust Account     1     $ 229,957,404  
Liabilities:                
Deferred underwriting fees     1     $ 8,955,993  
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUBSEQUENT EVENTS
8 Months Ended
Sep. 30, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

9. SUBSEQUENT EVENTS

 

The Company evaluates subsequent events and transactions that occur after the balance sheet date up to the date that the financial statements were issued. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.

 

On November 12, 2017, the Company announced that it had entered into definitive agreements to acquire Gulf Energy SAOC ("GES") and National Petroleum Services ("NPS"). GES and NPS are leading regional oilfield services companies offering a mix of drilling, completion and production services and equipment in the Middle East and North Africa (“MENA”) and Asia Pacific regions. Following closing, the Company's primary operating locations will be in Dammam, Saudi Arabia, Muscat, Oman and Dubai, UAE with local headquarters in Houston, Texas. The Company will employ more than 3,000 people in more than a dozen countries across the region. The transaction is subject to stockholder approval and other customary closing conditions. See the Company's Current Report on Form 8-K filed with the SEC on November 13, 2017 for further information.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
8 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Basis of presentation

Basis of presentation 

 

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X of the SEC. Certain information or footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a comprehensive presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair presentation of the financial position, operating results and cash flows for the periods presented.  

 

The accompanying unaudited condensed financial statements should be read in conjunction with the Company’s prospectus as filed with the SEC and declared effective on May 11, 2017, as well as the Company’s Current Report on Form 8-K, as filed with the SEC on May 17, 2017. The interim results for the period from January 23, 2017 (inception) through September 30, 2017 are not necessarily indicative of the results to be expected for the period from January 23, 2017 (inception) through December 31, 2017 or for any future interim periods.

Emerging growth company

Emerging growth company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Use of estimates

Use of estimates

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from our estimates.

Cash and cash equivalents

Cash and cash equivalents

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of September 30, 2017.

Cash and marketable securities held in Trust Account

Cash and marketable securities held in Trust Account

 

At September 30, 2017, the assets held in the Trust Account were held in cash and U.S. Treasury Bills.

Ordinary shares subject to possible redemption

Ordinary shares subject to possible redemption

 

The Company accounts for its ordinary shares subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” Ordinary shares subject to mandatory redemption (if any) are classified as a liability instrument and are measured at fair value. Conditionally redeemable ordinary shares (including ordinary shares that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as shareholders’ equity. The Company’s ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to occurrence of uncertain future events. Accordingly, at September 30, 2017, ordinary shares subject to possible redemption are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

Offering costs

Offering costs

 

Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the balance sheet date that are directly related to the Initial Public Offering. Offering costs amounting to $13,761,498 were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Income taxes

Income taxes

 

The Company complies with the accounting and reporting requirements of ASC Topic 740 “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

 

ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined that the British Virgin Islands is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. As of September 30, 2017, there were no unrecognized tax benefits and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position.

 

The Company may be subject to potential examination by U.S. federal, U.S. states or foreign taxing authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company’s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.

 

The provision for income taxes was deemed to be immaterial for the period from January 23, 2017 (inception) through September 30, 2017.

Net income per ordinary share

Net income per ordinary share

 

The Company complies with accounting and disclosure requirements ASC Topic 260, “Earnings Per Share.” Net income per ordinary share is computed by dividing net income by the weighted average number of ordinary shares outstanding for the period. Ordinary shares subject to possible redemption at September 30, 2017 have been excluded from the calculation of basic income per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (1) warrants sold in the Initial Public Offering and private placement to purchase 17,770,190 ordinary shares and (2) 200,717 ordinary shares that may be issued to the underwriters in connection with the deferred fee payable in the calculation of diluted income per share, since the exercise of the warrants and the issuance of the ordinary shares is contingent upon the occurrence of future events. As a result, diluted income per ordinary share is the same as basic income per ordinary share for the periods.

Reconciliation of net loss per ordinary share

Reconciliation of net loss per ordinary share  

 

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows: 

 

    Three Months
Ended
September 30,
   

For the Period
from January 23,
2017 (inception)
through 

September 30,  

 
    2017     2017  
Net (loss) income   $ (31,052   $ 262,373  
Less: Income attributable to ordinary shares subject to redemption     (393,309 )     (546,566 )
Adjusted net loss   $ (424,361 )   $ (284,193 )
                 
Weighted average shares outstanding, basic and diluted     11,730,425       8,690,796  
                 
Basic and diluted net loss per ordinary share   $ (0.04 )   $ (0.03 )

 

Concentration of credit risk

Concentration of credit risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of cash accounts in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. At September 30, 2017, the Company had not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

Fair value of financial instruments

Fair value of financial instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.

Recently issued accounting standards

Recently issued accounting standards

 

Management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
8 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of basic and diluted loss per ordinary share

The Company’s net income (loss) is adjusted for the portion of income that is attributable to ordinary shares subject to redemption, as these shares only participate in the income of the Trust Account and not the losses of the Company. Accordingly, basic and diluted loss per ordinary share is calculated as follows: 

 

    Three Months
Ended
September 30,
   

For the Period
from January 23,
2017 (inception)
through 

September 30,  

 
    2017     2017  
Net (loss) income   $ (31,052   $ 262,373  
Less: Income attributable to ordinary shares subject to redemption     (393,309 )     (546,566 )
Adjusted net loss   $ (424,361 )   $ (284,193 )
                 
Weighted average shares outstanding, basic and diluted     11,730,425       8,690,796  
                 
Basic and diluted net loss per ordinary share   $ (0.04 )   $ (0.03 )
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS (Tables)
8 Months Ended
Sep. 30, 2017
Fair Value Disclosures [Abstract]  
Schedule of fair value hierarchy of the valuation inputs

The following table presents information about the Company’s assets and liabilities that are measured at fair value on a recurring basis at September 30, 2017 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value: 

 

Description   Level     September 30,
2017
 
Assets:                
Cash and marketable securities held in Trust Account     1     $ 229,957,404  
Liabilities:                
Deferred underwriting fees     1     $ 8,955,993  
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) - USD ($)
8 Months Ended
May 30, 2017
May 17, 2017
Sep. 30, 2017
Number of shares issued in transaction 22,921,700   22,921,700
Proceeds from warrant issuance     $ 6,309,340
Unit price (in dollars per unit) $ 10.00    
Transaction costs     714,893
Deferred underwriting fee payable     9,032,265
Warrant [Member]      
Number of warrant issued 1    
IPO [Member]      
Proceeds from unit issuance   $ 210,000,000  
Number of shares issued in transaction   21,000,000  
Unit price (in dollars per unit)   $ 10.00  
Initial public offering costs   $ 714,893  
Cash available for working capital     $ 1,244,689
Description of transaction    

The Company will have until 24 months from the closing of the Initial Public Offering to consummate a Business Combination (the “Combination Period”). However, if the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining shareholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.

Net tangible asset     $ 5,000,001
Initial public offering shares holding     6,000,000
Private Placement [Member] | NESR Holdings Ltd (Sponsor) [Member] | Warrant [Member]      
Number of warrant issued   11,850,000  
Share price (in dollars per share)   $ 0.50  
Proceeds from warrant issuance   $ 5,925,000  
Over-Allotment Option [Member]      
Number of shares issued in transaction 1,921,700    
Unit price (in dollars per unit) $ 10.00    
Total proceeds from over-allotment option $ 19,601,340    
Additional proceeds from unit issuance held in the Trust Account 19,217,000    
Total proceeds held in the Trust Account 229,217,000    
Transaction costs 13,761,498    
Underwriting fees 4,014,340    
Deferred underwriting fee payable $ 9,032,265    
Over-Allotment Option [Member] | Warrant [Member]      
Number of warrant issued 768,680    
Share price (in dollars per share) $ 0.50    
Proceeds from warrant issuance $ 384,340    
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)
3 Months Ended 8 Months Ended
Sep. 30, 2017
Sep. 30, 2017
Accounting Policies [Abstract]    
Net income (loss) $ (31,052) $ 262,373
Less: Income attributable to ordinary shares subject to redemption (393,309) (546,566)
Adjusted net loss $ (424,361) $ (284,193)
Weighted average shares outstanding, basic and diluted [1] 11,730,425 8,690,796
Basic and diluted net loss per ordinary share $ (0.04) $ (0.03)
[1] Excludes an aggregate of up to 16,921,700 shares subject to redemption at September 30, 2017.
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
8 Months Ended
May 30, 2017
Sep. 30, 2017
Federal depository insurance coverage   $ 250,000
Transaction costs   $ 714,893
Underwriter [Member]    
Number of shares issued   200,717
Over-Allotment Option [Member]    
Transaction costs $ 13,761,498  
Initial Public Offering and Private Placement [Member]    
Number of shares issued   17,770,190
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
INITIAL PUBLIC OFFERING (Details Narrative) - $ / shares
8 Months Ended
May 30, 2017
Sep. 30, 2017
Total number of units issued in transaction 22,921,700 22,921,700
Unit price (in dollars per unit) $ 10.00  
Warrant [Member]    
Number of share consisted in each unit 1  
Number of shares called by each warrant 0.5  
Warrant exercise price (in dollars per share) $ 5.75 $ 0.01
Ordinary Shares [Member]    
Number of share consisted in each unit 1  
Over-Allotment Option [Member]    
Total number of units issued in transaction 1,921,700  
Unit price (in dollars per unit) $ 10.00  
Over-Allotment Option [Member] | Warrant [Member]    
Number of share consisted in each unit 768,680  
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.8.0.1
PRIVATE PLACEMENT (Details Narrative) - USD ($)
8 Months Ended
May 30, 2017
May 17, 2017
Sep. 30, 2017
Proceeds from warrant issuance     $ 6,309,340
Warrant [Member]      
Number of warrant issued 1    
Over-Allotment Option [Member] | Warrant [Member]      
Number of warrant issued 768,680    
Share price (in dollars per share) $ 0.50    
Proceeds from warrant issuance $ 384,340    
NESR Holdings Ltd (Sponsor) [Member] | Private Placement [Member] | Warrant [Member]      
Number of warrant issued   11,850,000  
Share price (in dollars per share)   $ 0.50  
Proceeds from warrant issuance   $ 5,925,000  
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.8.0.1
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
3 Months Ended 8 Months Ended
May 30, 2017
May 11, 2017
Feb. 09, 2017
Sep. 30, 2017
Sep. 30, 2017
Feb. 10, 2017
Description of share price        

The Sponsor has agreed that, subject to certain limited exceptions, its Founder Shares will not be transferred, assigned or sold until one year after the date of the consummation of a Business Combination or earlier if, subsequent to a Business Combination, the last sales price of the Company’s ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing 150 days after a Business Combination.

 
Proceeds from related party         $ 155,268  
Repayments of advances from related party         132,137  
Advance from related party outstanding       $ 23,131 23,131  
Working Capital Loans [Member] | Maximum [Member]            
Working capital loans         $ 1,500,000  
Ordinary Shares [Member]            
Number of shares issued 1          
Warrant [Member]            
Number of shares issued 1          
Warrant exercise price (in dollars per share) $ 5.75     $ 0.01 $ 0.01  
Warrant [Member] | Working Capital Loans [Member]            
Warrant exercise price (in dollars per share)       $ 0.50 $ 0.50  
Warrant [Member] | Over-Allotment Option [Member]            
Number of shares issued 768,680          
NESR Holdings Ltd (Sponsor) [Member]            
Stock split ratio   1.05-for-1        
Monthly administrative service fee         $ 10,000  
Administrative fee       $ 30,000 50,000  
NESR Holdings Ltd (Sponsor) [Member] | IPO [Member] | Unsecured Non-Interest Bearing Advance [Member]            
Proceeds from related party         155,268  
Repayments of advances from related party         132,137  
Advance from related party outstanding       $ 23,131 $ 23,131  
NESR Holdings Ltd (Sponsor) [Member] | IPO [Member] | Unsecured Non-Interest Bearing Promissory Note Due May 17, 2017 [Member]            
Debt face amount           $ 300,000
NESR Holdings Ltd (Sponsor) [Member] | Ordinary Shares [Member]            
Number of shares issued     5,750,000      
Value of shares issued     $ 25,000      
Number of shares held after stock split   6,037,500        
NESR Holdings Ltd (Sponsor) [Member] | Ordinary Shares [Member] | Over-Allotment Option [Member]            
Number of shares forfeiture 307,075       787,500  
Number of shares no longer subject to forfeiture 480,425          
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
3 Months Ended 8 Months Ended
May 30, 2017
Sep. 30, 2017
Sep. 30, 2017
Number of shares issued in transaction 22,921,700   22,921,700
Sale of stock, price per share (in dollars per share) $ 10.00    
Change in fair value of deferred underwriting fee liability   $ (91,548) $ 76,272
Underwriter [Member]      
Sale of stock, price per share (in dollars per share)   $ 10.00 $ 10.00
Number of shares issued     200,717
Value of shares issued     $ 2,007,170
Fair value of deferred shares     $ 1,930,898
Over-Allotment Option [Member]      
Total number of shares granted in transaction 3,150,000    
Number of shares issued in transaction 1,921,700    
Sale of stock, price per share (in dollars per share) $ 10.00    
Underwriting fees $ 4,014,340    
Deferred underwriting fees $ 8,955,993    
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
SHAREHOLDERS' EQUITY (Details Narrative) - $ / shares
8 Months Ended
Sep. 30, 2017
May 30, 2017
Preferred stock, authorized Unlimited  
Preferred stock, no par value (in dollars per share)  
Preferred stock, issued  
Preferred stock, outstanding  
Common stock, authorized Unlimited  
Common stock, no par value (in dollars per share)  
Common stock, voting rights One vote for each share  
Common stock, issued 11,730,425  
Common stock, outstanding 11,730,425  
Ordinary shares subject to possible redemption 16,921,700  
Warrant [Member]    
Warrant term 5 years  
Warrant exercise price (in dollars per share) $ 0.01 $ 5.75
Description of warrant exercise price

The last sale price of the ordinary shares equals or exceeds $21.00 per share for any 20 trading days within a 30 trading day period ending on the third business day prior to the date on which the Company sends the notice of redemption to the warrant holders.

 
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
FAIR VALUE MEASUREMENTS (Details) - Fair Value, Measurements, Recurring [Member] - Fair Value, Inputs, Level 1 [Member]
Sep. 30, 2017
USD ($)
Assets:  
Cash and marketable securities held in Trust Account $ 229,957,404
Liabilities:  
Deferred underwriting fees $ 8,955,993
XML 41 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; EXCEL 42 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end
XML 43 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 45 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 43 141 1 true 15 0 false 3 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://hjt.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - CONDENSED BALANCE SHEET (Unaudited) Sheet http://hjt.com/role/CondensedBalanceSheet CONDENSED BALANCE SHEET (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - CONDENSED BALANCE SHEET (Unaudited) (Parenthetical) Sheet http://hjt.com/role/CondensedBalanceSheetParenthetical CONDENSED BALANCE SHEET (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Unaudited) Sheet http://hjt.com/role/CondensedStatementsOfOperations CONDENSED STATEMENTS OF OPERATIONS (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) Sheet http://hjt.com/role/CondensedStatementsOfOperationsParenthetical CONDENSED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) Statements 5 false false R6.htm 00000006 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) Sheet http://hjt.com/role/CondensedStatementOfChangesInShareholdersEquity CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) Statements 6 false false R7.htm 00000007 - Statement - CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) Sheet http://hjt.com/role/CondensedStatementOfChangesInShareholdersEquityParenthetical CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) Statements 7 false false R8.htm 00000008 - Statement - CONDENSED STATEMENT OF CASH FLOWS (Unaudited) Sheet http://hjt.com/role/CondensedStatementOfCashFlows CONDENSED STATEMENT OF CASH FLOWS (Unaudited) Statements 8 false false R9.htm 00000009 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Sheet http://hjt.com/role/DescriptionOfOrganizationAndBusinessOperations DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Notes 9 false false R10.htm 00000010 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://hjt.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 10 false false R11.htm 00000011 - Disclosure - INITIAL PUBLIC OFFERING Sheet http://hjt.com/role/InitialPublicOffering INITIAL PUBLIC OFFERING Notes 11 false false R12.htm 00000012 - Disclosure - PRIVATE PLACEMENT Sheet http://hjt.com/role/PrivatePlacement PRIVATE PLACEMENT Notes 12 false false R13.htm 00000013 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://hjt.com/role/RelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 13 false false R14.htm 00000014 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://hjt.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 14 false false R15.htm 00000015 - Disclosure - SHAREHOLDERS' EQUITY Sheet http://hjt.com/role/ShareholdersEquity SHAREHOLDERS' EQUITY Notes 15 false false R16.htm 00000016 - Disclosure - FAIR VALUE MEASUREMENTS Sheet http://hjt.com/role/FairValueMeasurements FAIR VALUE MEASUREMENTS Notes 16 false false R17.htm 00000017 - Disclosure - SUBSEQUENT EVENTS Sheet http://hjt.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 17 false false R18.htm 00000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://hjt.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 18 false false R19.htm 00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://hjt.com/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://hjt.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - FAIR VALUE MEASUREMENTS (Tables) Sheet http://hjt.com/role/FairValueMeasurementsTables FAIR VALUE MEASUREMENTS (Tables) Tables http://hjt.com/role/FairValueMeasurements 20 false false R21.htm 00000021 - Disclosure - DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) Sheet http://hjt.com/role/DescriptionOfOrganizationAndBusinessOperationsDetailsNarrative DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) Details http://hjt.com/role/DescriptionOfOrganizationAndBusinessOperations 21 false false R22.htm 00000022 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Sheet http://hjt.com/role/SummaryOfSignificantAccountingPoliciesDetails SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) Details http://hjt.com/role/SummaryOfSignificantAccountingPoliciesTables 22 false false R23.htm 00000023 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Sheet http://hjt.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Details http://hjt.com/role/SummaryOfSignificantAccountingPoliciesTables 23 false false R24.htm 00000024 - Disclosure - INITIAL PUBLIC OFFERING (Details Narrative) Sheet http://hjt.com/role/InitialPublicOfferingDetailsNarrative INITIAL PUBLIC OFFERING (Details Narrative) Details http://hjt.com/role/InitialPublicOffering 24 false false R25.htm 00000025 - Disclosure - PRIVATE PLACEMENT (Details Narrative) Sheet http://hjt.com/role/PrivatePlacementDetailsNarrative PRIVATE PLACEMENT (Details Narrative) Details http://hjt.com/role/PrivatePlacement 25 false false R26.htm 00000026 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) Sheet http://hjt.com/role/RelatedPartyTransactionsDetailsNarrative RELATED PARTY TRANSACTIONS (Details Narrative) Details http://hjt.com/role/RelatedPartyTransactions 26 false false R27.htm 00000027 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) Sheet http://hjt.com/role/CommitmentsAndContingenciesDetailsNarrative COMMITMENTS AND CONTINGENCIES (Details Narrative) Details http://hjt.com/role/CommitmentsAndContingencies 27 false false R28.htm 00000028 - Disclosure - SHAREHOLDERS' EQUITY (Details Narrative) Sheet http://hjt.com/role/ShareholdersEquityDetailsNarrative SHAREHOLDERS' EQUITY (Details Narrative) Details http://hjt.com/role/ShareholdersEquity 28 false false R29.htm 00000029 - Disclosure - FAIR VALUE MEASUREMENTS (Details) Sheet http://hjt.com/role/FairValueMeasurementsDetails FAIR VALUE MEASUREMENTS (Details) Details http://hjt.com/role/FairValueMeasurementsTables 29 false false All Reports Book All Reports nesru-20170930.xml nesru-20170930.xsd nesru-20170930_cal.xml nesru-20170930_def.xml nesru-20170930_lab.xml nesru-20170930_pre.xml http://fasb.org/us-gaap/2017-01-31 http://xbrl.sec.gov/dei/2014-01-31 true true ZIP 47 0001615774-17-006709-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001615774-17-006709-xbrl.zip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end