XML 39 R29.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholder's Equity (Details Narrative) - $ / shares
3 Months Ended
Mar. 31, 2018
Dec. 31, 2017
Nov. 03, 2017
Subsidiary, Sale of Stock [Line Items]      
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001  
Preferred stock, authorized 2,000,000 2,000,000  
Preferred stock, issued 0 0  
Preferred stock, outstanding 0 0  
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001  
Common stock, authorized 200,000,000 200,000,000  
Common stock, issued 6,071,273 6,124,044  
Description of number of shares consisted in each unit

Except in cases where the Company is not the surviving company in a Business Combination, each holder of a right will automatically receive one-tenth (1/10) of an ordinary share upon consummation of the initial Business Combination, even if the holder of a Public Right converted all ordinary shares held by him, her or it in connection with the initial Business Combination or an amendment to the Company’s certificate of incorporation with respect to its pre-business combination activities. In the event that the Company will not be the surviving company upon completion of the initial Business Combination, each holder of a right will be required to affirmatively convert his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each right upon consummation of the Business Combination. No additional consideration will be required to be paid by a holder of rights in order to receive his, her or its additional ordinary shares upon consummation of an initial Business Combination.

   
Description of warrant redemption

The Company may redeem the outstanding warrants (excluding the Private Warrants), in whole and not in part, at a price of $0.01 per warrant:

 

● at any time while the warrants are exercisable,

 

● upon a minimum of 30 days’ prior written notice of redemption,

  

● if, and only if, the last sales price of the ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending three business days before the Company sends the notice of redemption, and

 

● if, and only if, there is a current registration statement in effect with respect to the ordinary shares underlying such warrants at the time of redemption and for the entire 30-day trading period referred to above and continuing each day thereafter until the date of redemption.

   
Ordinary shares, redemption 20,251,819 20,199,048  
Initial Public Offering [Member]      
Subsidiary, Sale of Stock [Line Items]      
Exercise price (in dollars per share)     $ 11.50