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STOCKHOLDERS' EQUITY
3 Months Ended
Aug. 31, 2018
Stockholders' Equity  
STOCKHOLDERS' EQUITY

NOTE 6 — STOCKHOLDERS’ EQUITY

 

Common Stock

 

The Company is authorized to issue 20,000,000 shares of common stock with a par value of $0.0001 per share. Holders of the shares of the Company’s common stock are entitled to one vote for each share. At August 31, 2018, there were 6,813,500 shares of common stock issued and outstanding, which reflects the 137,500 shares that were forfeited by the Sponsor due to the underwriters’ over-allotment option being exercised in part and includes 4,560,332 shares of the Company’s common stock subject to possible redemption.

 

Preferred Stock

 

The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share. At August 31, 2018, there were no shares of preferred stock issued or outstanding.