0001193125-18-160919.txt : 20180511 0001193125-18-160919.hdr.sgml : 20180511 20180511163246 ACCESSION NUMBER: 0001193125-18-160919 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 40 CONFORMED PERIOD OF REPORT: 20180331 FILED AS OF DATE: 20180511 DATE AS OF CHANGE: 20180511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Leo Holdings Corp. CENTRAL INDEX KEY: 0001725134 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 981399727 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38393 FILM NUMBER: 18827365 BUSINESS ADDRESS: STREET 1: 21 GROSVENOR PLACE CITY: LONDON STATE: X0 ZIP: SW1X7HF BUSINESS PHONE: 442072012281 MAIL ADDRESS: STREET 1: 21 GROSVENOR PLACE CITY: LONDON STATE: X0 ZIP: SW1X7HF 10-Q 1 d526231d10q.htm FORM 10-Q Form 10-Q
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

 

 

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

For the quarterly period ended March 31, 2018

OR

 

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

For the transition period from                      to                     

 

 

Leo Holdings Corp.

(Exact name of registrant as specified in its charter)

 

 

 

Cayman Islands   001-38393   98-1399727

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

21 Grosvenor Place, London, SW1X 7HF

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: +44 20 7201 2200

Not Applicable

(Former name or former address, 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, 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   (Do not check if smaller reporting company)      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 May 10, 2018, 20,000,000 Class A ordinary shares, par value $0.0001 per share, and 5,000,000 Class B ordinary shares, par value $0.0001 per share, were issued and outstanding, respectively.

 

 

 


Table of Contents

LEO HOLDINGS CORP.

Form 10-Q

For the Quarter Ended March 31, 2018

Table of Contents

 

          Page No.  

PART I. FINANCIAL INFORMATION

  

Item 1.

  

Interim Financial Statements (Unaudited)

  
  

Condensed Balance Sheets as of March  31, 2018 (Unaudited) and December 31, 2017

     1  
  

Unaudited Condensed Interim Statement of Operations for the three months ended March 31, 2018

     2  
  

Unaudited Condensed Statement of Changes in Stockholders’ Equity

     3  
  

Unaudited Condensed Interim Statement of Cash Flows for the three months ended March 31, 2018

     4  
  

Notes to Condensed Interim Financial Statements (Unaudited)

     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   

Item 1.

  

Legal Proceedings

     16  

Item 1A.

  

Risk Factors

     16  

Item 2.

  

Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities

     16  

Item 3.

  

Defaults Upon Senior Securities

     16  

Item 4.

  

Mine Safety Disclosures

     16  

Item 5.

  

Other Information

     17  

Item 6.

  

Exhibits

     17  

 

i


Table of Contents

PART I - FINANCIAL INFORMATION

 

Item 1. Interim Financial Statements

LEO HOLDINGS CORP.

CONDENSED BALANCE SHEETS

 

     March 31      December 31  
     2018      2017  
     (Unaudited)         

Assets

     

Current assets:

     

Cash

   $ 1,546,525      $ 112,681  

Prepaid expenses

     21,558        —    
  

 

 

    

 

 

 

Total current assets

     1,568,083        112,681  

Cash and cash equivalents held in Trust Account

     200,328,731        —    

Deferred offering costs associated with initial public offering

     —          276,511  
  

 

 

    

 

 

 

Total assets

   $ 201,896,814      $ 389,192  
  

 

 

    

 

 

 

Liabilities and Shareholders’ Equity

     

Current liabilities:

     

Accrued expenses

   $ 2,525      $ 214,261  

Accrued expenses - related party

     15,000        —    

Accounts payable

     739,685        3,750  

Notes payable—related parties

     —          155,000  
  

 

 

    

 

 

 

Total current liabilities

     757,210        373,011  

Deferred underwriting commissions

     7,000,000        —    
  

 

 

    

 

 

 

Total liabilities

     7,757,210        373,011  

Commitments

     

Class A ordinary shares, $0.0001 par value; 18,876,207 and -0- shares subject to possible redemption as of March 31, 2018 and December 31, 2017, respectively

     189,139,594        —    

Shareholders’ Equity:

     

Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding

     —          —    

Class A ordinary shares, $0.0001 par value; 200,000,000 shares authorized; 1,123,793 and -0- shares issued and outstanding (excluding 18,876,207 and -0- shares subject to possible redemption) as of March 31, 2018 and December 31, 2017, respectively

     112        —    

Class B ordinary shares, $0.0001 par value; 20,000,000 shares authorized; 5,000,000 and 5,750,000 (1)(2) shares issued and outstanding as of March 31, 2018 and December 31, 2017, respectively

     500        575  

Additional paid-in capital

     4,717,227        24,425  

Retained earnings (accumulated deficit)

     282,171        (8,819
  

 

 

    

 

 

 

Total shareholders’ equity

     5,000,010        16,181  
  

 

 

    

 

 

 

Total Liabilities and Shareholders’ Equity

   $ 201,896,814      $ 389,192  
  

 

 

    

 

 

 

 

(1) This number includes up to 750,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter. On March 29, 2018, the over-allotment option expired, and 750,000 shares were forfeited.
(2) The share amounts have been retroactively restated to reflect the surrender of 2,875,000 shares from the Sponsor in February 2018 (see Note 4).

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

 

1


Table of Contents

LEO HOLDINGS CORP.

CONDENSED INTERIM STATEMENT OF OPERATIONS

(Unaudited)

 

     For the three months ended  
     March 31, 2018  

General and administrative expenses

   $ 38,271  
  

 

 

 

Loss from operations

     (38,271

Interest income

     329,261  
  

 

 

 

Net income

   $ 290,990  
  

 

 

 

Weighted average shares outstanding of Class A ordinary shares

     10,000,000  
  

 

 

 

Basic and diluted net income per share, Class A

   $ 0.03  
  

 

 

 

Weighted average shares outstanding of Class B ordinary shares

     5,000,000  
  

 

 

 

Basic and diluted net loss per share, Class B

   $ (0.01
  

 

 

 

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

 

2


Table of Contents

LEO HOLDINGS CORP.

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

(Unaudited)

 

     Ordinary Shares     Additional     Retained Earnings     Total  
     Class A     Class B     Paid-in     (Accumulated     Stockholders’  
     Shares     Amount     Shares     Amount     Capital     Deficit)     Equity  

Balance - December 31, 2017

     —       $ —         5,750,000     $ 575     $ 24,425     $ (8,819   $ 16,181  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Sale of units in initial public offering, net of offering costs

     20,000,000       2,000       —         —         187,830,433       —         187,832,433  

Sale of private placement warrants to Sponsor in private placement

     —         —         —         —         6,000,000       —         6,000,000  

Forfeiture of Class B ordinary shares

     —         —         (750,000     (75     75       —         —    

Common stock subject to possible redemption

     (18,876,207     (1,888     —         —         (189,137,706     —         (189,139,594

Net loss

     —         —         —         —         —         290,990       290,990  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance - March 31, 2018

     1,123,793     $ 112       5,000,000     $ 500     $ 4,717,227     $ 282,171     $ 5,000,010  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) This number includes up to 750,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter. On March 29, 2018, the over-allotment option expired, and 750,000 shares were forfeited.
(2) The share amounts have been retroactively restated to reflect the surrender of 2,875,000 shares from the Sponsor in February 2018 (see Note 4).

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

 

3


Table of Contents

LEO HOLDINGS CORP.

CONDENSED INTERIM STATEMENT OF CASH FLOWS

(Unaudited)

 

     For the three months ended  
     March 31, 2018  

Cash Flows from Operating Activities:

  

Net income

   $ 290,990  

Adjustments to reconcile net income to net cash provided by operating activities:

  

Interest income in cash and cash equivalents held in Trust Account

     (328,731

Changes in operating assets and liabilities:

  

Prepaid expenses

     (21,558

Accounts payable

     735,935  

Accrued expenses

     (211,736

Accrued expenses - related party

     15,000  
  

 

 

 

Net cash provided by operating activities

     479,900  

Cash Flows from Investing Activities

  

Principal deposited in Trust Account

     (200,000,000
  

 

 

 

Net cash used in investing activities

     (200,000,000

Cash Flows from Financing Activities:

  

Funds borrowed from related parties

     170,000  

Repayment of loans to related parties

     (325,000

Proceeds received from initial public offering, net of offering costs

     195,108,944  

Proceeds received from private placement

     6,000,000  
  

 

 

 

Net cash provided by financing activities

     200,953,944  
  

 

 

 

Net increase in cash

     1,433,844  

Cash - beginning of the period

     112,681  
  

 

 

 

Cash - end of the period

   $ 1,546,525  
  

 

 

 

Supplemental disclosure of noncash investing and financing activities:

  

Deferred underwriting commissions in connection with the initial public offering

   $ 7,000,000  
  

 

 

 

Reclassification of deferred offering costs to equity upon completion of the initial public offering

   $ 276,511  
  

 

 

 

Initial value of Class A ordinary shares subject to possible redemption

   $ 189,101,450  
  

 

 

 

Change in value of Class A ordinary shares subject to possible redemption

   $ 38,144  
  

 

 

 

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

 

4


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

Note 1. Description of Organization and Business Operations

Leo Holdings Corp. (the “Company”) is an organized blank check company incorporated in the Cayman Islands on November 29, 2017. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on companies in the consumer sector. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.

As of March 31, 2018, the Company had not commenced any operations. All activity for the period from November 29, 2017 (inception) through March 31, 2018 relates to the Company’s formation, the Initial Public Offering (as defined below), and since the offering, the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering.

The Company’s sponsor is Leo Investors Limited Partnership, a Cayman Island exempted limited partnership (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on February 12, 2018. On February 15, 2018, the Company consummated its initial public offering (the “Initial Public Offering”) of 20,000,000 units (each, a “Unit” and collectively, the “Units”) sold to the public at a price of $10.00 per Unit, generating gross proceeds of $200 million, and incurring offering costs of approximately $12.2 million, inclusive of $7.0 million in deferred underwriting commissions (Note 5). The underwriter was granted a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit. The over-allotment option was not exercised prior to its expiration.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 4,000,000 warrants (each, a “Private Placement Warrant” and collectively, the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant to the Sponsor, and generating gross proceeds of $6 million (Note 4).

Upon the closing of the Initial Public Offering and Private Placement, $200 million ($10.00 per Unit) of the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement was placed in a trust account (the “Trust Account”), located in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust Company acting as trustee, and invested only 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 completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

At February 15, 2018, the Company had approximately $1.6 million in cash held outside of the Trust Account. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction 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.

The Company will provide holders of its outstanding Class A ordinary shares, par value $0.0001 (“Class A ordinary shares”), sold in the Initial Public Offering (the “public shareholders”) with the opportunity to redeem all or a portion of their Public Shares (as defined below in Note 3) 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. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially at $10.00 per Public Share). The per-share amount to be distributed to public shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter (as discussed in Note 5). These Public Shares will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, the Company will proceed with a Business Combination if the Company has net

 

5


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

tangible assets of at least $5,000,001 upon such consummation of such Business Combination and a majority of the shares voted are voted in favor of the 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, 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 U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of a Business Combination is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem Public Shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. 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 in connection with a Business Combination, the Sponsor and the Company’s officers and directors agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the Sponsor and the Company’s officers and directors agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination.

Notwithstanding the foregoing, 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 more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company.

The Sponsor and the Company’s directors and executive officers agreed 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 Class A ordinary shares in conjunction with any such amendment.

If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the 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 on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsor and the Company’s officers and directors agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or the Company’s officers and directors acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriter of the Initial Public Offering has agreed to waive its rights to its deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other 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 residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. 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 third party 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 underwriter 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


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

Liquidity

As of March 31, 2018, the Company had approximately $1.5 million in its operating bank account, approximately $329,000 of interest income available and working capital of approximately $811,000.

Through March 31, 2018, the Company’s liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the Sponsor in exchange for the issuance of the Founder Shares (Note 5) to the Sponsor, $325,000 in loans from the Sponsor, and the proceeds from the consummation of the Private Placement not held in Trust Account. The Company fully repaid the loans from the Sponsor on February 20, 2018.

Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet the Company’s needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Note 2—Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed interim financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, the unaudited condensed interim financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018, or any future period. These unaudited condensed financial statements should be read in conjunction with the audited financial statements contained in the Company’s final prospectus and Current Report on Form 8-K filed with the SEC on February 14, 2018 and February 22, 2018, respectively.

Emerging Growth Company

Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 an emerging growth 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 an 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 that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Net Income (Loss) Per Ordinary Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per common share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 4,000,000 Class A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted earnings per common share is the same as basic earnings per common share for the period.

The Company’s statement of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the two-class method of income per share. Net income per ordinary share, basic and diluted for Class A ordinary shares is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of Class A ordinary shares outstanding for the period. Net loss per ordinary share, basic and diluted for Class B ordinary shares is calculated by dividing the net income, less income attributable to Class A ordinary shares, by the weighted average number of Class B ordinary shares outstanding for the period.

 

7


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations 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 March 31, 2018, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.

Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheets.

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

    Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

 

    Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

 

    Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

ASC 820, Fair Value Measurement and Disclosures, requires all entities to disclose the fair value of financial instruments, both assets and liabilities for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of March 31, 2018 and December 31, 2017, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses approximate the fair values due to the short-term nature of the instruments.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s 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 expenses during the reporting period. Actual results could differ from those estimates.

Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs that were directly related to the Initial Public Offering totaled approximately $12.2 million, inclusive of $7.0 million in deferred underwriting commissions. Offering costs were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Class A Ordinary Shares subject to possible redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A 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, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2018, 18,876,207 Class A ordinary shares subject to possible redemption at the redemption amount are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

 

8


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB 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 Cayman 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. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2018 and December 31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its current tax position.

The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area 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.

Recent Accounting Pronouncements

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

Note 3—Initial Public Offering

On February 15, 2018, the Company sold 20,000,000 Units at a price of $10.00 per Unit in the Initial Public Offering. Each Unit consists of one Class A ordinary share (such Class A ordinary shares included in the Units being offered, the “Public Shares”), and one-half of one redeemable warrant (each, a “Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment (see Note 6).

Note 4—Related Party Transactions

Founder Shares

On December 8, 2017, the Sponsor purchased 8,625,000 shares (the “Founder Shares”) of the Company’s Class B ordinary shares, par value $0.001 (the “Class B ordinary shares”), for an aggregate price of $25,000. In February 2018, the Sponsor effected a surrender of 2,875,000 Founder Shares to the Company for no consideration, resulting in a decrease in the total number of Founder Shares from 8,625,000 to 5,750,000. The Founder Shares will automatically convert into Class A ordinary shares at the time of the Company’s initial Business Combination and are subject to certain transfer restrictions, as described in Note 6. The Sponsor had agreed to forfeit up to 750,000 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriter. On March 29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.

The Sponsor and the Company’s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property.

Private Placement Warrants

Concurrently with the closing of the Initial Public Offering, the Sponsor purchased 4,000,000 Private Placement Warrants at $1.50 per Private Placement Warrant, and generating gross proceeds of $6.0 million in the Private Placement.

 

9


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

Each Private Placement Warrant is exercisable for one Class A ordinary share at a price of $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were added to the proceeds from the Initial Public Offering and deposited in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.

The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Loans

The Sponsor and its affiliate had loaned the Company an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note. This loan is non-interest bearing and became payable upon the completion of the Initial Public Offering. The Company repaid $300,000 on February 15, 2018. In addition, the Sponsor and its affiliate loaned the Company another $25,000 for working capital. The Company fully repaid this amount on February 20, 2018.

In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants.

Administrative Support Agreement

The Company has agreed, commencing on the effective date of the Initial Public Offering through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. As of March 31, 2018, the Company recorded an aggregate of $15,000 in expenses in connection with such agreement on the accompanying Statement of Operations, of which $15,000 was accrued on the accompanying Balance Sheet as of March 31, 2018.

Note 5—Commitments & Contingencies

Registration Rights

The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to Class A ordinary shares) pursuant to a registration and shareholder rights agreement. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration and shareholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriter a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit, less underwriting discounts and commissions. This option expired on March 29, 2018 without being exercised.

The underwriter was entitled to an underwriting discount of $0.20 per Unit, or $4.0 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per Unit, or $7.0 million in the aggregate, will be payable to the underwriter for deferred underwriting commissions. The deferred underwriting commissions will become payable to the underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

 

10


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

Note 6—Shareholder’s Equity

Ordinary Shares

Class A Ordinary Shares—The Company is authorized to issue 200,000,000 Class A ordinary shares with a par value of $0.0001 per share. As of March 31, 2018, there were 20,000,000 Class A ordinary shares issued or outstanding, including 18,876,207 Class A ordinary shares subject to possible redemption.

Class B Ordinary Shares—The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001 per share. Holders of Class B ordinary shares are entitled to one vote for each share. In December 2017, the Company initially issued 8,625,000 Class B ordinary shares. In February 2018, in connection with the decrease of the size of the Initial Public Offering, the Sponsor effected a surrender of 2,875,000 Class B ordinary shares to the Company for no consideration, resulting in a decrease in the total number of Class B ordinary shares from 8,625,000 to 5,750,000. Of the 5,750,000 Class B ordinary shares outstanding, up to 750,000 shares were subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriter’s over-allotment option was not exercised in full or in part, so that the Founder Shares would represent 20% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering. On March 29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.

Holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all matters submitted to a vote of shareholders except as required by law.

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of Class A ordinary shares issued and outstanding upon completion of the Initial Public Offering, plus (ii) the sum of (a) the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any warrants issued to the Sponsor upon conversion of Working Capital Loans, minus (b) the number of Public Shares redeemed by Public Shareholders in connection with the initial Business Combination.

Preference Shares—The Company is authorized to issue 1,000,000 preference shares with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2018 and December 31, 2017, there were no preference shares issued or outstanding.

Warrants—Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. 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; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company has agreed that as soon as practicable, but in no event later than 20 business days, after the closing of a Business Combination, the Company will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the Public Warrants is not effective by the sixtieth day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Private Placement Warrants are identical to the Public Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be non-redeemable so long as they are held by the Sponsor or its permitted transferees. If the Private Placement Warrants are held by someone other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

 

11


Table of Contents

LEO HOLDINGS CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

 

The Company may call the Public Warrants for redemption:

 

    in whole and not in part;

 

    at a price of $0.01 per warrant;

 

    upon a minimum of 30 days’ prior written notice of redemption; and

 

    if, and only if, the last reported closing price of the ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.

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

The exercise price and number of Class A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class A ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrant shares. 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 the respect to such warrants. Accordingly, the warrants may expire worthless.

Note 7. Fair Value Measurements

The following table presents information about the Company’s assets that are measured on a recurring basis as of March 31, 2018 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

 

     Quoted Prices      Significant Other      Significant Other  
     in Active Markets      Observable Inputs      Unobservable Inputs  

Description

   (Level 1)      (Level 2)      (Level 3)  

Cash and cash equivalents held in Trust Account

   $ 200,328,731      $ —        $ —    
  

 

 

    

 

 

    

 

 

 

Note 8—Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date.

 

12


Table of Contents
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

References to “we”, “us”, “our” or the “Company” are to Leo Holdings Corp., except where the context requires otherwise. The following discussion should be read in conjunction with our condensed financial statements and related notes thereto included elsewhere in this report.

Cautionary Note Regarding Forward-Looking Statements

This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “continue,” or the negative of such terms or other similar expressions. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in our other SEC filings.

Overview

We are a blank check company incorporated on November 29, 2017 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although we are not limited to a particular industry or sector for purposes of consummating a Business Combination, we intend to focus our search on companies in the consumer sector. Our Sponsor is Leo Investors Limited Partnership, a Cayman Island exempted limited partnership.

We consummated our Initial Public Offering on February 15, 2018. If we are unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering, or the Combination Period, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the 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 on the funds held in the Trust Account and not previously released to us to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and our board of directors, dissolve and liquidate, subject in each case to our obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

Results of Operations

Our entire activity since inception up to March 31, 2018 was in preparation for our Initial Public Offering, and since the offering, our activity has been limited to the search for a prospective initial business combination, and we will not be generating any operating revenues until the closing and completion of our initial business combination. 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. We expect our expenses to increase substantially after this period.

For the three months ended March 31, 2018, we had net income of approximately $291,000, which consisted of approximately $329,000 in interest income, offset by approximately $38,000 in general and administrative costs.

Liquidity and Capital Resources

As indicated in the accompanying unaudited condensed financial statements, at March 31, 2018, we had approximately $1.5 million in our operating bank account, approximately $329,000 of interest income available, and working capital of approximately $811,000.

Through March 31, 2018, our liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the Sponsor in exchange for the issuance of the Founder Shares to the Sponsor, $325,000 in loans from the Sponsor, and the proceeds from the consummation of the Private Placement not held in the Trust Account. We fully repaid the loans from the Sponsor on February 20, 2018.

We intend to use substantially all of the funds held in the Trust Account, including any amounts representing interest earned on the trust account (less taxes payable and deferred underwriting commissions), to complete our initial Business Combination. We may withdraw interest income (if any) to pay our income taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in the Trust Account. We expect the interest income earned on the amount in the Trust Account (if any) will be sufficient to pay our income taxes. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial Business Combination, the remaining proceeds held in the Trust Account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

 

13


Table of Contents

Based on the foregoing, management believes that the we will have sufficient working capital and borrowing capacity to meet our needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, we will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Related Party Transactions

Founder Shares

On December 8, 2017, the Sponsor purchased 8,625,000 shares of the Company’s Class B ordinary shares, par value $0.001, for an aggregate price of $25,000. In February 2018, the Sponsor effected a surrender of 2,875,000 Founder Shares to us for no consideration, resulting in a decrease in the total number of Founder Shares from 8,625,000 to 5,750,000. The Founder Shares will automatically convert into Class A ordinary shares at the time of our initial Business Combination and are subject to certain transfer restrictions. The Sponsor had agreed to forfeit up to 750,000 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriter. On March 29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.

The Sponsor and our officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property.

Private Placement Warrants

Concurrently with the closing of the Initial Public Offering, the Sponsor purchased 4,000,000 Private Placement Warrants at $1.50 per Private Placement Warrant, generating gross proceeds of $6.0 million in the Private Placement. The Sponsor had agreed that if the over-allotment option were exercised, the Sponsor would have purchased an additional 400,000 Private Placement Warrants at a price of $1.50 per Private Placement Warrant. .

Each Private Placement Warrant is exercisable for one Class A ordinary share at a price of $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were added to the proceeds from the Initial Public Offering and deposited in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.

The Sponsor and our officers and directors had agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Loans

The Sponsor and its affiliate had loaned us an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note. This loan is non-interest bearing and became payable upon the completion of the Initial Public Offering. We repaid $300,000 on February 15, 2018. In addition, the Sponsor and its affiliate loaned us another $25,000 for working capital. We fully repaid this amount on February 20, 2018.

In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete a Business Combination, we would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, we may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants.

 

14


Table of Contents

Administrative Support Agreement

We have agreed, commencing on the effective date of the Initial Public Offering through the earlier of our consummation of a Business Combination and our liquidation, to pay the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. As of March 31, 2018, we recorded an aggregate of $15,000 in expenses in connection with such agreement on the accompanying Statement of Operations, and accrued an aggregate of $15,000 on the accompanying Balance Sheet as of March 31, 2018.

Critical Accounting Policies and Estimates

This management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in our financial statements. On an ongoing basis, we evaluate our estimates and judgments, including those related to fair value of financial instrument and accrued expenses. We base our estimates on historical experience, known trends and events and various other factors that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. We believe there have been no significant changes in our critical accounting policies as discussed in our final prospectus and Current Report on Form 8-K filed with the SEC on February 14, 2018 and February 22, 2018, respectively.

Off-Balance Sheet Arrangements and Contractual Obligations

As of March 31, 2018 and December 31, 2017, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.

JOBS Act

The JOBS Act contains provisions that, among other things, relax certain reporting requirements for qualifying public companies. We will qualify as an “emerging growth company” and under the JOBS Act will be allowed to comply with new or revised accounting pronouncements based on the effective date for private (not publicly traded) companies. We are electing to delay the adoption of new or revised accounting standards, and as a result, we may not comply with new or revised accounting standards on the relevant dates on which adoption of such standards is required for non-emerging growth companies. As a result, our financial statements may not be comparable to companies that comply with new or revised accounting pronouncements as of public company effective dates.

Additionally, we are in the process of evaluating the benefits of relying on the other reduced reporting requirements provided by the JOBS Act. Subject to certain conditions set forth in the JOBS Act, if, as an “emerging growth company,” we choose to rely on such exemptions we may not be required to, among other things, (i) provide an auditor’s attestation report on our system of internal controls over financial reporting pursuant to Section 404, (ii) provide all of the compensation disclosure that may be required of non-emerging growth public companies under the Dodd-Frank Wall Street Reform and Consumer Protection Act, (iii) comply with any requirement that may be adopted by the PCAOB regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (auditor discussion and analysis) and (iv) disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the CEO’s compensation to median employee compensation. These exemptions will apply for a period of five years following the completion of our initial public offering or until we are no longer an “emerging growth company,” whichever is earlier.

 

Item 3. Quantitative and Qualitative Disclosures About Market Risk

As of March 31, 2018 and December 31, 2017, we were not subject to any market or interest rate risk. Following the consummation of our Initial Public Offering, the net proceeds of our Initial Public Offering, including amounts in the Trust Account, were invested in U.S. government treasury bills, notes or bonds with a maturity of 180 days or less or in certain money market funds that invest solely in U.S. treasuries. Due to the short-term nature of these investments, we do not believe that there will be an associated material exposure to interest rate risk.

 

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management, including our principal executive officer and principal financial and accounting officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the fiscal quarter ended March 31, 2018, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that during the period covered by this report, our disclosure controls and procedures were effective.

 

15


Table of Contents

Disclosure controls and procedures are designed to ensure that information required to be disclosed by us in our Exchange Act reports is recorded, processed, summarized, and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our principal executive officer and principal financial officer or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

There was no change in our internal control over financial reporting that occurred during the fiscal quarter ended March 31, 2018 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

As of the date of this Report, there have been no material changes to the risk factors disclosed in our prospectus filed with the SEC on February 14, 2018, except we may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities

The Sponsor has purchased an aggregate of 4,000,000 Private Placement Warrants at a price of $1.50 per warrant in a private placement that occurred simultaneously with the closing of the Initial Public Offering. Each Private Placement Warrant is exercisable for one of the Company’s Class A ordinary shares at a price of $11.50 per share. The Private Placement Warrants are substantially similar to the warrants underlying the Units issued in the Initial Public Offering, except that they are non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees. The Sponsor and the Company’s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the Initial Business Combination. The sale of the Private Placement Warrants was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act.

Use of Proceeds

In connection with the Initial Public Offering, the Company incurred offering costs of approximately $12.2 million (including an underwriting commissions of $4,000,000 and a deferred underwriting commissions of $7,000,000). Other incurred offering costs consisted principally of formation and preparation fees related to the Initial Public Offering. The Sponsor and its affiliate had loaned us an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note. This loan is non-interest bearing and became payable upon the completion of the Initial Public Offering. We repaid $300,000 on February 15, 2018. In addition, the Sponsor and its affiliate loaned us another $25,000 for working capital. We fully repaid this amount on February 20, 2018.

After deducting the underwriting discounts and commissions (excluding the deferred portion of $7,000,000 in underwriting discounts and commissions, which amount will be payable upon consummation of the initial Business Combination, if consummated) and the Initial Public Offering expenses, $200,000,000 of the net proceeds from our Initial Public Offering and the private placement of the Private Placement Warrants (or $10.00 per Unit sold in the Initial Public Offering) was placed in the Trust Account. Approximately $1.6 million was held outside the Trust Account and will be used to fund the Company’s operating expenses. The net proceeds of the Initial Public Offering and certain proceeds from the sale of the Private Placement Warrants are held in the Trust Account and will be invested in U.S. government treasury bills with a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations.

 

Item 3. Defaults Upon Senior Securities

None.

 

Item 4. Mine Safety Disclosures

None.

 

16


Table of Contents
Item 5. Other Information

None.

 

Item 6. Exhibits.

 

Exhibit

Number

  

Description

  31.1    Certification of Chief Executive Officer (Principal Executive Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  31.2    Certification of Chief Financial Officer (Principal Financial and Accounting Officer) Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
  32.1    Certification of Chief Executive Officer (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 Chief Financial Officer (Principal Financial and Accounting 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.SCH    XBRL Taxonomy Extension Schema Document
101.CAL    XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF    XBRL Taxonomy Extension Definition Linkbase Document
101.LAB    XBRL Taxonomy Extension Label Linkbase Document
101.PRE    XBRL Taxonomy Extension Presentation Linkbase Document

 

17


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized on this 11th day of May, 2018.

 

LEO HOLDINGS CORP.

/s/ Lyndon Lea

Name:   Lyndon Lea
Title:   Chairman and Chief Executive Officer
  (Principal Executive Officer)

/s/ Robert Darwent

Name:   Robert Darwent
Title:   Chief Financial Officer
  (Principal Financial and Accounting Officer)

 

18

EX-31.1 2 d526231dex311.htm EX-31.1 EX-31.1

EXHIBIT 31.1

CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

I, Lyndon Lea, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 of Leo Holdings 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 officers 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)) 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 intentionally omitted in accordance with SEC Release Nos. 34-47986 and 34-54942];

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 officers 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 controls over financial reporting.

 

Date: May 11, 2018     By:  

/s/ Lyndon Lea

      Lyndon Lea
     

Chairman and Chief Executive Officer

(Principal Executive Officer)

EX-31.2 3 d526231dex312.htm EX-31.2 EX-31.2

EXHIBIT 31.2

CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

I, Robert Darwent, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q for the quarter ended March 31, 2018 of Leo Holdings 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 officers 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)) 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 intentionally omitted in accordance with SEC Release Nos. 34-47986 and 34-54942];

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 officers 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 controls over financial reporting.

 

Date: May 11, 2018     By:  

/s/ Robert Darwent

      Robert Darwent
     

Chief Financial Officer

(Principal Financial and Accounting Officer)

EX-32.1 4 d526231dex321.htm EX-32.1 EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

In connection with the Quarterly Report of Leo Holdings Corp. (the “Company”) on Form 10-Q for the quarter ended March 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Lyndon Lea, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

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

 

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 11, 2018

 

/s/ Lyndon Lea

Name:   Lyndon Lea
Title:   Chairman and Chief Executive Officer
  (Principal Executive Officer)
EX-32.2 5 d526231dex322.htm EX-32.2 EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

In connection with the Quarterly Report of Leo Holdings Corp. (the “Company”) on Form 10-Q for the quarter ended March 31, 2018, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert Darwent, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

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

 

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: May 11, 2018

 

/s/ Robert Darwent

Name:   Robert Darwent
Title:   Chief Financial Officer
  (Principal Financial and Accounting Officer)
EX-101.INS 6 ck0001725134-20180331.xml XBRL INSTANCE DOCUMENT 8625000 0.001 1600000 10.00 5000001 0.0001 1 11.50 10.00 1 10.00 0.5 10.00 1.50 8625000 0 0 5750000 2875000 5750000 20000000 5000000 5750000 750000 750000 0 200328731 2525 1568083 4717227 739685 201896814 811000 1546525 250000 15000 329000 7757210 201896814 757210 0.0001 1000000 0 0 21558 282171 5000010 0 0 0.20 0.35 7000000 10.00 1500000 200328731 1500000 300000 15000 12.00 325000 1 11.50 200000000 1123793 0.0001 1123793 112 1123793 18876207 112 189139594 0.0001 18876207 20000000 5000000 0.0001 5000000 500 5000000 500 4717227 282171 10.00 0.01 18.00 214261 112681 24425 3750 389192 112681 276511 373011 389192 373011 155000 0.0001 1000000 0 0 -8819 16181 200000000 0 0.0001 0 0.0001 0 20000000 5750000 0.0001 5750000 575 5750000 575 24425 -8819 25000 8625000 6000000 200000000 0.80 0.50 300000 12200000 20000000 7000000 P45D 3000000 4000000 25000 750000 2875000 0 2875000 0 false 6000000 <div> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Basis of Presentation</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The accompanying unaudited condensed interim financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (&#x201C;U.S. GAAP&#x201D;) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, the unaudited condensed interim financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March&#xA0;31, 2018 are not necessarily indicative of the results that may be expected for the year ended December&#xA0;31, 2018, or any future period. These unaudited condensed financial statements should be read in conjunction with the audited financial statements contained in the Company&#x2019;s final prospectus and Current Report on Form <font style="white-space:nowrap">8-K</font> filed with the SEC on February&#xA0;14, 2018 and February&#xA0;22, 2018, respectively.</p> </div> If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the 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 on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law. <div> <p style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Concentration of Credit Risk</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Financial instruments that potentially subject the Company to concentrations 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 March&#xA0;31, 2018, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p> </div> 1433844 <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 5&#x2014;Commitments&#xA0;&amp; Contingencies</b></p> <p style="margin-top:6pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"> <b><i>Registration Rights</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to Class&#xA0;A ordinary shares) pursuant to a registration and shareholder rights agreement. These holders will be entitled to certain demand and &#x201C;piggyback&#x201D; registration rights. However, the registration and shareholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of <font style="white-space:nowrap">the&#xA0;applicable&#xA0;lock-up&#xA0;period&#xA0;for</font> the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements.</p> <p style="margin-top:18pt; margin-bottom:0pt; margin-left:2%; font-size:10pt; font-family:Times New Roman"> <b><i>Underwriting Agreement</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Company granted the <font style="white-space:nowrap">underwriter&#xA0;a&#xA0;45-day&#xA0;option&#xA0;from</font> the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit, less underwriting discounts and commissions. This option expired on March&#xA0;29, 2018 without being exercised.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The underwriter was entitled to an underwriting discount of $0.20 per Unit, or $4.0&#xA0;million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per Unit, or $7.0&#xA0;million in the aggregate, will be payable to the underwriter for deferred underwriting commissions. The deferred underwriting commissions will become payable to the underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.</p> </div> --12-31 Q1 2018 10-Q <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Net Income (Loss) Per Ordinary Share</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, &#x201C;<i>Earnings Per Share</i>.&#x201D; Net income (loss) per common share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 4,000,000 Class&#xA0;A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted earnings per common share is the same as basic earnings per common share for the period.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company&#x2019;s statement of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the <font style="WHITE-SPACE: nowrap">two-class</font> method of income per share. Net income per ordinary share, basic and diluted for Class&#xA0;A ordinary shares is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of Class&#xA0;A ordinary shares outstanding for the period. Net loss per ordinary share, basic and diluted for Class&#xA0;B ordinary shares is calculated by dividing the net income, less income attributable to Class&#xA0;A ordinary shares, by the weighted average number of Class&#xA0;B ordinary shares outstanding for the period.</p> </div> 2018-03-31 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The following table presents information about the Company&#x2019;s assets that are measured on a recurring basis as of March&#xA0;31, 2018 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="51%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"><b>Quoted Prices</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Significant&#xA0;Other</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Significant&#xA0;Other</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>in&#xA0;Active&#xA0;Markets</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Observable&#xA0;Inputs</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Unobservable&#xA0;Inputs</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 39.5pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt; DISPLAY: inline"> <b>Description</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 3)</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Cash and cash equivalents held in Trust Account</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">200,328,731</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div> Leo Holdings Corp. <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Note 7. Fair Value Measurements</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The following table presents information about the Company&#x2019;s assets that are measured on a recurring basis as of March&#xA0;31, 2018 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 12pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="84%" align="center" border="0"> <tr> <td width="51%"></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> <td valign="bottom" width="11%"></td> <td></td> <td></td> <td></td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"><b>Quoted Prices</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Significant&#xA0;Other</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Significant&#xA0;Other</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>in&#xA0;Active&#xA0;Markets</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Observable&#xA0;Inputs</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" colspan="2" align="center"> <b>Unobservable&#xA0;Inputs</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid"> <td valign="bottom" nowrap="nowrap"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; WIDTH: 39.5pt; BORDER-BOTTOM: #000000 1pt solid; MARGIN-TOP: 0pt; DISPLAY: inline"> <b>Description</b></p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 1)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 2)</b></td> <td valign="bottom">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td style="BORDER-BOTTOM: #000000 1pt solid" valign="bottom" colspan="2" align="center"><b>(Level 3)</b></td> <td valign="bottom">&#xA0;</td> </tr> <tr style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; PAGE-BREAK-INSIDE: avoid" bgcolor="#CCEEFF"> <td valign="top"> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 1em; MARGIN-TOP: 0pt; TEXT-INDENT: -1em"> Cash and cash equivalents held in Trust Account</p> </td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom">$</td> <td valign="bottom" align="right">200,328,731</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">$</td> <td valign="bottom" nowrap="nowrap" align="right"> &#x2014;&#xA0;&#xA0;</td> <td valign="bottom" nowrap="nowrap">&#xA0;</td> </tr> <tr style="FONT-SIZE: 1px"> <td valign="bottom"></td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> <td valign="bottom">&#xA0;&#xA0;</td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td valign="bottom"> <p style="MARGIN-BOTTOM: 0pt; BORDER-TOP: #000000 3px double; MARGIN-TOP: 0pt"> &#xA0;</p> </td> <td>&#xA0;</td> </tr> </table> </div> 0001725134 2017-11-29 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Financial Instruments</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The fair value of the Company&#x2019;s assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, &#x201C;<i>Fair Value Measurements and Disclosures</i>,&#x201D; approximates the carrying amounts represented in the balance sheets.</p> </div> Non-accelerated Filer <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Fair Value Measurements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;1, defined as observable inputs such as quoted prices for identical instruments in active markets;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> ASC 820, <i>Fair Value Measurement and Disclosures</i>, requires all entities to disclose the fair value of financial instruments, both assets and liabilities for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of March&#xA0;31, 2018 and December&#xA0;31, 2017, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses approximate the fair values due to the short-term nature of the instruments.</p> </div> 38271 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b><i>Income Taxes</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, &#x201C;<i>Income Taxes</i>.&#x201D; Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> FASB 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 <font style="WHITE-SPACE: nowrap">more-likely-than-not</font> to be sustained upon examination by taxing authorities. The Company&#x2019;s management determined that the Cayman Islands is the Company&#x2019;s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March&#xA0;31, 2018 and December&#xA0;31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its current tax position.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area 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&#x2019;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.</p> </div> -211736 21558 735935 15000 329261 -200000000 479900 200953944 290990 -38271 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Recent Accounting Pronouncements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company&#x2019;s management does not believe that there are any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#x2019;s financial statements.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt"> <b>Note 1. Description of Organization and Business Operations</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Leo Holdings Corp. (the &#x201C;Company&#x201D;) is an organized blank check company incorporated in the Cayman Islands on November&#xA0;29, 2017. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the &#x201C;Business Combination&#x201D;). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on companies in the consumer sector. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> As of March&#xA0;31, 2018, the Company had not commenced any operations. All activity for the period from November&#xA0;29, 2017 (inception) through March&#xA0;31, 2018 relates to the Company&#x2019;s formation, the Initial Public Offering (as defined below), and since the offering,&#xA0;the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company <font style="WHITE-SPACE: nowrap">will&#xA0;generate&#xA0;non-operating&#xA0;income</font> in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company&#x2019;s sponsor is Leo Investors Limited Partnership, a Cayman Island exempted limited partnership (the &#x201C;Sponsor&#x201D;). The registration statement for the Company&#x2019;s Initial Public Offering was declared effective on February&#xA0;12, 2018. On February&#xA0;15, 2018, the Company consummated its&#xA0;initial public offering (the &#x201C;Initial Public Offering&#x201D;) of 20,000,000 units (each, a &#x201C;Unit&#x201D; and collectively, the &#x201C;Units&#x201D;) sold to the public at a price of $10.00 per Unit, generating gross proceeds of&#xA0;$200&#xA0;million, and incurring offering costs of approximately $12.2&#xA0;million, inclusive of $7.0&#xA0;million in deferred underwriting commissions (Note 5). The underwriter was <font style="WHITE-SPACE: nowrap">granted&#xA0;a&#xA0;45-day&#xA0;option&#xA0;from</font> the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit. The over-allotment option was not exercised prior to its expiration.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (&#x201C;Private Placement&#x201D;) of 4,000,000 warrants (each, a &#x201C;Private Placement Warrant&#x201D; and collectively, the &#x201C;Private Placement Warrants&#x201D;) at a price of $1.50 per Private Placement Warrant to the Sponsor, and generating gross proceeds of $6&#xA0;million (Note 4).</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Upon the closing of the Initial Public Offering and Private Placement, $200&#xA0;million ($10.00 per Unit) of the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement was placed&#xA0;in a trust account (the &#x201C;Trust Account&#x201D;), located in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer&#xA0;&amp; Trust Company acting as trustee, and invested only in U.S. government securities, within the meaning set forth in Section&#xA0;2(a)(16) of the Investment Company Act of 1940, as amended (the &#x201C;Investment Company Act&#x201D;), 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) <font style="WHITE-SPACE: nowrap">of&#xA0;Rule&#xA0;2a-7&#xA0;of&#xA0;the</font> Investment Company Act, as determined by the Company, until the earlier of: (i)&#xA0;the completion of a Business Combination and (ii)&#xA0;the distribution of the Trust Account as described below.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> At February&#xA0;15, 2018, the Company had approximately $1.6&#xA0;million in cash held outside of the Trust Account. The Company&#x2019;s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction 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.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company will provide holders of its outstanding Class&#xA0;A ordinary shares, par value $0.0001 (&#x201C;Class&#xA0;A ordinary shares&#x201D;), sold in the Initial Public Offering (the &#x201C;public shareholders&#x201D;) with the opportunity to redeem all or a portion of their Public Shares (as defined below in Note 3) upon the completion of a Business Combination either (i)&#xA0;in connection with a shareholder meeting called to approve the Business Combination or (ii)&#xA0;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. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially at $10.00 per Public Share). <font style="WHITE-SPACE: nowrap">The&#xA0;per-share&#xA0;amount&#xA0;to</font> be distributed to public shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter (as discussed in Note 5). These Public Shares will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board&#x2019;s (&#x201C;FASB&#x201D;) Accounting Standards Codification (&#x201C;ASC&#x201D;) Topic 480 &#x201C;<i>Distinguishing Liabilities from Equity</i>.&#x201D; In such case, 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 such Business Combination and a majority of the shares voted are voted in favor of the 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, 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 U.S. Securities and Exchange Commission (&#x201C;SEC&#x201D;) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of a Business Combination is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem Public Shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. 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 in connection with a Business Combination, the Sponsor and the Company&#x2019;s officers and directors agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the Sponsor and the Company&#x2019;s officers and directors agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Notwithstanding the foregoing, the Company&#x2019;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 &#x201C;group&#x201D; (as defined under Section&#xA0;13 of the Securities Exchange Act of 1934, as amended (the &#x201C;Exchange Act&#x201D;)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the Class&#xA0;A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Sponsor and the Company&#x2019;s directors and executive officers agreed not to propose an amendment to the Company&#x2019;s amended and restated memorandum and articles of association that would affect the substance or timing of the Company&#x2019;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 Class&#xA0;A ordinary shares in conjunction with any such amendment.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the &#x201C;Combination Period&#x201D;), the Company will (i)&#xA0;cease all operations except for the purpose of winding up, (ii)&#xA0;as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, <font style="WHITE-SPACE: nowrap">at&#xA0;a&#xA0;per-share&#xA0;price,&#xA0;payable</font> in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public shareholders&#x2019; rights as shareholders (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii)&#xA0;as promptly as reasonably possible following such redemption, subject to the approval of the Company&#x2019;s remaining shareholders and the Company&#x2019;s board of directors, dissolve and liquidate, subject in each case to the Company&#x2019;s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Sponsor and the Company&#x2019;s officers and directors agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or the Company&#x2019;s officers and directors acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriter of the Initial Public Offering has agreed to waive its rights to its deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other 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 residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. 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 third party 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&#x2019;s indemnity of the underwriter of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the &#x201C;Securities Act&#x201D;). 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.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 18px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Liquidity</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> As of March&#xA0;31, 2018, the Company had approximately $1.5&#xA0;million in its operating bank account, approximately $329,000 of interest income available and working capital of approximately $811,000.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Through March&#xA0;31, 2018, the Company&#x2019;s liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the Sponsor in exchange for the issuance of the Founder Shares (Note 5) to the Sponsor, $325,000 in loans from the Sponsor, and the proceeds from the consummation of the Private Placement not held in Trust Account. The Company fully repaid the loans from the Sponsor on February&#xA0;20, 2018.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet the Company&#x2019;s needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.</p> </div> 200000000 170000 6000000 195108944 325000 <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 4&#x2014;Related Party Transactions</b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Founder Shares</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On December&#xA0;8, 2017, the Sponsor purchased 8,625,000 shares (the &#x201C;Founder Shares&#x201D;) of the Company&#x2019;s Class&#xA0;B ordinary shares, par value $0.001 (the &#x201C;Class&#xA0;B ordinary shares&#x201D;), for an aggregate price of $25,000. In February 2018, the Sponsor effected a surrender of 2,875,000 Founder Shares to the Company for no consideration, resulting in a decrease in the total number of Founder Shares from 8,625,000 to 5,750,000. The Founder Shares will automatically convert into Class&#xA0;A ordinary shares at the time of the Company&#x2019;s initial Business Combination and are subject to certain transfer restrictions, as described in Note 6. The Sponsor had agreed to forfeit up to 750,000 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriter. On March&#xA0;29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Sponsor and the Company&#x2019;s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A)&#xA0;one year after the completion of the initial Business Combination or (B)&#xA0;subsequent to the initial Business Combination, (x)&#xA0;if the last sale price of the Class&#xA0;A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days <font style="white-space:nowrap">within&#xA0;any&#xA0;30-trading&#xA0;day&#xA0;period</font> commencing at least 150 days after the initial Business Combination, or (y)&#xA0;the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company&#x2019;s shareholders having the right to exchange their ordinary shares for cash, securities or other property.</p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Private Placement Warrants</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Concurrently with the closing of the Initial Public Offering, the Sponsor purchased 4,000,000 Private Placement Warrants at $1.50 per Private Placement Warrant, and generating gross proceeds of $6.0&#xA0;million in the Private Placement.</p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px"> &#xA0;</p> <p style="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Each Private Placement Warrant is exercisable for one Class&#xA0;A ordinary share at a price of $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were added to the proceeds from the Initial Public Offering and deposited in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants <font style="white-space:nowrap">will&#xA0;be&#xA0;non-redeemable&#xA0;and&#xA0;exercisable</font> on a cashless basis so long as they are held by the Sponsor or its permitted transferees.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Sponsor and the Company&#x2019;s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.</p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Related Party Loans</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Sponsor and its affiliate had loaned the Company an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note. This <font style="white-space:nowrap">loan&#xA0;is&#xA0;non-interest&#xA0;bearing&#xA0;and</font> became payable upon the completion of the Initial Public Offering. The Company repaid $300,000 on February&#xA0;15, 2018. In addition, the Sponsor and its affiliate loaned the Company another $25,000 for working capital. The Company fully repaid this amount on February&#xA0;20, 2018.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company&#x2019;s officers and directors may, but are not obligated to, loan the Company funds as may be required (&#x201C;Working Capital Loans&#x201D;). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender&#x2019;s discretion, up to $1.5&#xA0;million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants.</p> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Administrative Support Agreement</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Company has agreed, commencing on the effective date of the Initial Public Offering through the earlier of the Company&#x2019;s consummation of a Business Combination and its liquidation, to pay the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. As of March&#xA0;31, 2018, the Company recorded an aggregate of $15,000 in expenses in connection with such agreement on the accompanying Statement of Operations, of which $15,000 was accrued on the accompanying Balance Sheet as of March&#xA0;31, 2018.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Class&#xA0;A Ordinary Shares subject to possible redemption</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company accounts for its Class&#xA0;A ordinary shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480 &#x201C;<i>Distinguishing Liabilities from Equity</i>.&#x201D; Class&#xA0;A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class&#xA0;A ordinary shares (including Class&#xA0;A 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&#x2019;s control) are classified as temporary equity. At all other times, Class&#xA0;A ordinary shares are classified as shareholders&#x2019; equity. The Company&#x2019;s Class&#xA0;A ordinary shares feature certain redemption rights that are considered to be outside of the Company&#x2019;s control and subject to the occurrence of uncertain future events. Accordingly, at March&#xA0;31, 2018, 18,876,207 Class&#xA0;A ordinary shares subject to possible redemption at the redemption amount are presented as temporary equity, outside of the shareholders&#x2019; equity section of the Company&#x2019;s balance sheet.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Note 6&#x2014;Shareholder&#x2019;s Equity</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-LEFT: 2%; MARGIN-TOP: 6pt"> <b><i>Ordinary Shares</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> <b><i>Class</i></b><b><i>&#xA0;A Ordinary Shares</i></b>&#x2014;The Company is authorized to issue 200,000,000 Class&#xA0;A ordinary shares with a par value of $0.0001 per share. As of March&#xA0;31, 2018, there were 20,000,000 Class&#xA0;A ordinary shares issued or outstanding, including 18,876,207 Class&#xA0;A ordinary shares subject to possible redemption.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><i>Class</i></b><b><i>&#xA0;B Ordinary Shares</i></b>&#x2014;The Company is authorized to issue 20,000,000 Class&#xA0;B ordinary shares with a par value of $0.0001 per share. Holders of Class&#xA0;B ordinary shares are entitled to one vote for each share. In December&#xA0;2017, the Company initially issued 8,625,000 Class&#xA0;B ordinary shares. In February 2018, in connection with the decrease of the size of the Initial Public Offering, the Sponsor effected a surrender of 2,875,000 Class&#xA0;B ordinary shares to the Company for no consideration, resulting in a decrease in the total number of Class&#xA0;B ordinary shares from 8,625,000 to 5,750,000. Of the 5,750,000 Class&#xA0;B ordinary shares outstanding, up to 750,000 shares were subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriter&#x2019;s over-allotment option was not exercised in full or in part, so that the Founder Shares would represent 20% of the Company&#x2019;s issued and outstanding ordinary shares after the Initial Public Offering. On March&#xA0;29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> Holders of Class&#xA0;A ordinary shares and Class&#xA0;B ordinary shares will vote together as a single class on all matters submitted to a vote of shareholders except as required by law.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Class&#xA0;B ordinary shares will automatically convert into Class&#xA0;A ordinary shares at the time of the initial Business Combination at a ratio such that the number of Class&#xA0;A ordinary shares issuable upon conversion of all Class&#xA0;B ordinary shares will equal, in the aggregate, <font style="WHITE-SPACE: nowrap">on&#xA0;an&#xA0;as-converted&#xA0;basis,&#xA0;20%</font> of the sum of (i)&#xA0;the total number of Class&#xA0;A ordinary shares issued and outstanding upon completion of the Initial Public Offering, plus (ii)&#xA0;the sum of (a)&#xA0;the total number of Class&#xA0;A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class&#xA0;A ordinary shares or equity-linked securities exercisable for or convertible into Class&#xA0;A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any warrants issued to the Sponsor upon conversion of Working Capital Loans, minus (b)&#xA0;the number of Public Shares redeemed by Public Shareholders in connection with the initial Business Combination.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><i>Preference Shares</i></b>&#x2014;The Company is authorized to issue 1,000,000 preference shares with such designations, voting and other rights and preferences as may be determined from time to time by the Company&#x2019;s board of directors. As of March&#xA0;31, 2018 and December&#xA0;31, 2017, there were no preference shares issued or outstanding.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> <b><i>Warrants</i></b>&#x2014;Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. The Public Warrants will become exercisable on the later of&#xA0;(a) 30 days after the completion of a Business Combination or (b) 12 months from the closing of the Initial Public Offering; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class&#xA0;A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company has agreed that as soon as practicable, but in no event later than 20 business days, after the closing of a Business Combination, the Company will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the Class&#xA0;A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class&#xA0;A ordinary shares issuable upon exercise of the Public Warrants is not effective by the sixtieth day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a &#x201C;cashless basis&#x201D; in accordance with Section&#xA0;3(a)(9) of the Securities Act or another exemption. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Private Placement Warrants are identical to the Public Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class&#xA0;A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants <font style="WHITE-SPACE: nowrap">will&#xA0;be&#xA0;non-redeemable&#xA0;so&#xA0;long</font> as they are held by the Sponsor or its permitted transferees. If the Private Placement Warrants are held by someone other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 12px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt; TEXT-INDENT: 4%"> The Company may call the Public Warrants for redemption:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">in whole and not in part;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">at a price of $0.01 per warrant;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">upon a minimum of 30 days&#x2019; prior written notice of redemption; and</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">if, and only if, the last reported closing price of the ordinary shares equals or exceeds $18.00 per share for any 20 trading days <font style="WHITE-SPACE: nowrap">within&#xA0;a&#xA0;30-trading&#xA0;day</font> period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a &#x201C;cashless basis,&#x201D; as described in the warrant agreement.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The exercise price and number of Class&#xA0;A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class&#xA0;A ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrant shares. 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&#x2019;s assets held outside of the Trust Account with the respect to such warrants. Accordingly, the warrants may expire worthless.</p> </div> <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b>Note 2&#x2014;Summary of Significant Accounting Policies</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt"> <b><i>Basis of Presentation</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The accompanying unaudited condensed interim financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (&#x201C;U.S. GAAP&#x201D;) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, the unaudited condensed interim financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March&#xA0;31, 2018 are not necessarily indicative of the results that may be expected for the year ended December&#xA0;31, 2018, or any future period. These unaudited condensed financial statements should be read in conjunction with the audited financial statements contained in the Company&#x2019;s final prospectus and Current Report on Form <font style="WHITE-SPACE: nowrap">8-K</font> filed with the SEC on February&#xA0;14, 2018 and February&#xA0;22, 2018, respectively.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Emerging Growth Company</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Section&#xA0;102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the &#x201C;JOBS Act&#x201D;) 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 an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to <font style="WHITE-SPACE: nowrap">non-emerging</font> growth companies but any such an 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.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> This may make comparison of the Company&#x2019;s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Net Income (Loss) Per Ordinary Share</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, &#x201C;<i>Earnings Per Share</i>.&#x201D; Net income (loss) per common share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 4,000,000 Class&#xA0;A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted earnings per common share is the same as basic earnings per common share for the period.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company&#x2019;s statement of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the <font style="WHITE-SPACE: nowrap">two-class</font> method of income per share. Net income per ordinary share, basic and diluted for Class&#xA0;A ordinary shares is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of Class&#xA0;A ordinary shares outstanding for the period. Net loss per ordinary share, basic and diluted for Class&#xA0;B ordinary shares is calculated by dividing the net income, less income attributable to Class&#xA0;A ordinary shares, by the weighted average number of Class&#xA0;B ordinary shares outstanding for the period.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 18px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b><i>Concentration of Credit Risk</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Financial instruments that potentially subject the Company to concentrations 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 March&#xA0;31, 2018, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Financial Instruments</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The fair value of the Company&#x2019;s assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, &#x201C;<i>Fair Value Measurements and Disclosures</i>,&#x201D; approximates the carrying amounts represented in the balance sheets.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Fair Value Measurements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;1, defined as observable inputs such as quoted prices for identical instruments in active markets;</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 6pt; MARGIN-TOP: 0pt"> &#xA0;</p> <table style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; BORDER-COLLAPSE: collapse" cellspacing="0" cellpadding="0" width="100%" border="0"> <tr style="PAGE-BREAK-INSIDE: avoid"> <td width="1%">&#xA0;</td> <td valign="top" width="2%" align="left">&#x2022;</td> <td valign="top" width="1%">&#xA0;</td> <td valign="top" align="left">Level&#xA0;3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.</td> </tr> </table> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> ASC 820, <i>Fair Value Measurement and Disclosures</i>, requires all entities to disclose the fair value of financial instruments, both assets and liabilities for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of March&#xA0;31, 2018 and December&#xA0;31, 2017, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses approximate the fair values due to the short-term nature of the instruments.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Use of Estimates</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The preparation of financial statements in conformity with U.S. GAAP requires the Company&#x2019;s 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 expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Offering Costs</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Offering costs consist of legal, accounting, underwriting fees and other costs that were directly related to the Initial Public Offering totaled approximately $12.2&#xA0;million, inclusive of $7.0&#xA0;million in deferred underwriting commissions. Offering costs were charged to shareholders&#x2019; equity upon the completion of the Initial Public Offering.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Class&#xA0;A Ordinary Shares subject to possible redemption</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company accounts for its Class&#xA0;A ordinary shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480 &#x201C;<i>Distinguishing Liabilities from Equity</i>.&#x201D; Class&#xA0;A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class&#xA0;A ordinary shares (including Class&#xA0;A 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&#x2019;s control) are classified as temporary equity. At all other times, Class&#xA0;A ordinary shares are classified as shareholders&#x2019; equity. The Company&#x2019;s Class&#xA0;A ordinary shares feature certain redemption rights that are considered to be outside of the Company&#x2019;s control and subject to the occurrence of uncertain future events. Accordingly, at March&#xA0;31, 2018, 18,876,207 Class&#xA0;A ordinary shares subject to possible redemption at the redemption amount are presented as temporary equity, outside of the shareholders&#x2019; equity section of the Company&#x2019;s balance sheet.</p> <p style="MARGIN-BOTTOM: 0px; FONT-SIZE: 1px; MARGIN-TOP: 18px"> &#xA0;</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b><i>Income Taxes</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, &#x201C;<i>Income Taxes</i>.&#x201D; Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> FASB 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 <font style="WHITE-SPACE: nowrap">more-likely-than-not</font> to be sustained upon examination by taxing authorities. The Company&#x2019;s management determined that the Cayman Islands is the Company&#x2019;s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March&#xA0;31, 2018 and December&#xA0;31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its current tax position.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%"> The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area 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&#x2019;s management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months.</p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Recent Accounting Pronouncements</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> The Company&#x2019;s management does not believe that there are any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company&#x2019;s financial statements.</p> </div> <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 8&#x2014;Subsequent Events</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The Company evaluated subsequent events and transactions that occurred after the balance sheet date.</p> </div> ck0001725134 <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Use of Estimates</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> The preparation of financial statements in conformity with U.S. GAAP requires the Company&#x2019;s 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 expenses during the reporting period. Actual results could differ from those estimates.</p> </div> 4000000 100000 <div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 18pt"> <b><i>Offering Costs</i></b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 6pt; TEXT-INDENT: 4%"> Offering costs consist of legal, accounting, underwriting fees and other costs that were directly related to the Initial Public Offering totaled approximately $12.2&#xA0;million, inclusive of $7.0&#xA0;million in deferred underwriting commissions. Offering costs were charged to shareholders&#x2019; equity upon the completion of the Initial Public Offering.</p> </div> <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><i>Emerging Growth Company</i></b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> Section&#xA0;102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the &#x201C;JOBS Act&#x201D;) 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 an emerging growth company can elect to opt out of the extended transition period and comply with the requirements that apply to <font style="white-space:nowrap">non-emerging</font> growth companies but any such an 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.</p> <p style="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> This may make comparison of the Company&#x2019;s financial statements with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</p> </div> 0 <div> <p style="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b>Note 3&#x2014;Initial Public Offering</b></p> <p style="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"> On February&#xA0;15, 2018, the Company sold&#xA0;20,000,000 Units at a price of $10.00 per Unit in the Initial Public Offering. Each Unit consists of one Class&#xA0;A ordinary share (such Class&#xA0;A ordinary shares included in the Units being offered, the &#x201C;Public <font style="white-space:nowrap">Shares&#x201D;),&#xA0;and&#xA0;one-half&#xA0;of&#xA0;one</font> redeemable warrant (each, a &#x201C;Public Warrant&#x201D;). Each whole Public Warrant entitles the holder to purchase one Class&#xA0;A ordinary share at a price of $11.50 per share, subject to adjustment (see Note 6).</p> </div> 189139594 P45D 328731 7000000 276511 2018-03-29 1.00 P24M 1.50 15000 10000 (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property. 750000 2018-02-20 25000 6000000 P30D 4000000 1.50 0.15 4000000 0.03 20000000 10000000 P1Y P20D P30D P150D 0 1888 18876207 38144 189101450 2000 20000000 Holders of Class B ordinary shares are entitled to one vote for each share. -0.01 750000 75 5000000 750000 0 2018-03-29 0.20 6000000 -75 0 189137706 187830433 290990 0 12200000 7000000 187832433 7000000 3000000 The Private Placement Warrants are identical to the Public Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. 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; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). P30D P5Y 0001725134 ck0001725134:PublicWarrantsMember 2018-01-01 2018-03-31 0001725134 us-gaap:PrivatePlacementMember 2018-01-01 2018-03-31 0001725134 us-gaap:OverAllotmentOptionMember 2018-01-01 2018-03-31 0001725134 us-gaap:IPOMember 2018-01-01 2018-03-31 0001725134 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0001725134 us-gaap:AdditionalPaidInCapitalMember us-gaap:IPOMember 2018-01-01 2018-03-31 0001725134 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0001725134 us-gaap:CommonClassBMember 2018-01-01 2018-03-31 0001725134 us-gaap:CommonClassAMember us-gaap:IPOMember 2018-01-01 2018-03-31 0001725134 us-gaap:CommonClassAMember 2018-01-01 2018-03-31 0001725134 us-gaap:MaximumMember us-gaap:CommonClassAMember us-gaap:IPOMember 2018-01-01 2018-03-31 0001725134 ck0001725134:SponsorMember us-gaap:PrivatePlacementMember 2018-01-01 2018-03-31 0001725134 ck0001725134:SponsorMember us-gaap:CommonClassAMember us-gaap:PrivatePlacementMember 2018-01-01 2018-03-31 0001725134 ck0001725134:SponsorMember 2018-01-01 2018-03-31 0001725134 ck0001725134:FounderMember us-gaap:CommonClassAMember 2018-01-01 2018-03-31 0001725134 ck0001725134:AdministrativeSupportAgreementMember ck0001725134:SponsorMember 2018-01-01 2018-03-31 0001725134 ck0001725134:WorkingCapitalLoansMember ck0001725134:SponsorMember 2018-01-01 2018-03-31 0001725134 2018-01-01 2018-03-31 0001725134 us-gaap:CommonClassBMember 2018-02-01 2018-02-28 0001725134 ck0001725134:FounderMember us-gaap:CommonClassBMember 2018-02-01 2018-02-28 0001725134 ck0001725134:FounderMember us-gaap:CommonClassAMember 2018-03-29 2018-03-29 0001725134 ck0001725134:WorkingCapitalLoansMember ck0001725134:SponsorMember 2018-02-20 2018-02-20 0001725134 us-gaap:PrivatePlacementMember 2018-02-15 2018-02-15 0001725134 us-gaap:OverAllotmentOptionMember 2018-02-15 2018-02-15 0001725134 us-gaap:IPOMember 2018-02-15 2018-02-15 0001725134 ck0001725134:RelatedPartyLoansMember ck0001725134:SponsorMember 2018-02-15 2018-02-15 0001725134 2018-02-15 2018-02-15 0001725134 ck0001725134:FounderMember us-gaap:CommonClassBMember 2017-12-08 2017-12-08 0001725134 us-gaap:RetainedEarningsMember 2017-12-31 0001725134 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001725134 us-gaap:CommonClassBMember 2017-12-31 0001725134 us-gaap:CommonClassAMember 2017-12-31 0001725134 2017-12-31 0001725134 ck0001725134:PublicWarrantsMember 2018-03-31 0001725134 us-gaap:OverAllotmentOptionMember 2018-03-31 0001725134 us-gaap:RetainedEarningsMember 2018-03-31 0001725134 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0001725134 us-gaap:CommonClassBMember 2018-03-31 0001725134 us-gaap:CommonClassAMember 2018-03-31 0001725134 ck0001725134:SponsorMember us-gaap:CommonClassAMember us-gaap:PrivatePlacementMember 2018-03-31 0001725134 ck0001725134:SponsorMember 2018-03-31 0001725134 ck0001725134:FounderMember us-gaap:CommonClassAMember 2018-03-31 0001725134 ck0001725134:AdministrativeSupportAgreementMember ck0001725134:SponsorMember 2018-03-31 0001725134 ck0001725134:RelatedPartyLoansMember ck0001725134:SponsorMember 2018-03-31 0001725134 ck0001725134:WorkingCapitalLoansMember ck0001725134:SponsorMember 2018-03-31 0001725134 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember 2018-03-31 0001725134 2018-03-31 0001725134 us-gaap:CommonClassBMember 2018-03-29 0001725134 us-gaap:CommonClassAMember 2018-03-29 0001725134 ck0001725134:FounderMember us-gaap:CommonClassBMember 2018-03-01 0001725134 us-gaap:CommonClassBMember 2018-05-10 0001725134 us-gaap:CommonClassAMember 2018-05-10 0001725134 us-gaap:CommonClassBMember 2018-02-28 0001725134 us-gaap:CommonClassAMember 2018-02-28 0001725134 ck0001725134:FounderMember us-gaap:CommonClassBMember 2018-02-28 0001725134 us-gaap:PrivatePlacementMember 2018-02-15 0001725134 us-gaap:OverAllotmentOptionMember 2018-02-15 0001725134 us-gaap:IPOMember 2018-02-15 0001725134 ck0001725134:PublicWarrantsMember us-gaap:IPOMember 2018-02-15 0001725134 us-gaap:CommonClassAMember us-gaap:IPOMember 2018-02-15 0001725134 us-gaap:CommonClassAMember 2018-02-15 0001725134 2018-02-15 0001725134 ck0001725134:FounderMember us-gaap:CommonClassBMember 2017-12-08 0001725134 us-gaap:CommonClassBMember 2017-12-01 shares iso4217:USD shares iso4217:USD pure The share amounts have been retroactively restated to reflect the surrender of 2,875,000 shares from the Sponsor in February 2018 (see Note 4). This number includes up to 750,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter. On March 29, 2018, the over-allotment option expired, and 750,000 shares were forfeited. EX-101.SCH 7 ck0001725134-20180331.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document and Entity Information link:calculationLink link:presentationLink link:definitionLink 103 - Statement - Condensed Balance Sheets link:calculationLink link:presentationLink link:definitionLink 104 - Statement - Condensed Balance Sheets (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 105 - Statement - Condensed Interim Statement of Operations link:calculationLink link:presentationLink link:definitionLink 106 - Statement - Condensed Statement of Changes in Stockholders' Equity link:calculationLink link:presentationLink link:definitionLink 107 - Statement - Condensed Statement of Changes in Stockholders' Equity (Parenthetical) link:calculationLink link:presentationLink link:definitionLink 108 - Statement - Condensed Interim Statement of Cash Flows link:calculationLink link:presentationLink link:definitionLink 109 - Disclosure - Description of Organization and Business Operations link:calculationLink link:presentationLink link:definitionLink 110 - Disclosure - Summary of Significant Accounting Policies link:calculationLink link:presentationLink link:definitionLink 111 - Disclosure - Initial Public Offering link:calculationLink link:presentationLink link:definitionLink 112 - Disclosure - Related Party Transactions link:calculationLink link:presentationLink link:definitionLink 113 - Disclosure - Commitments & Contingencies link:calculationLink link:presentationLink link:definitionLink 114 - Disclosure - Shareholder's Equity link:calculationLink link:presentationLink link:definitionLink 115 - Disclosure - Fair Value Measurements link:calculationLink link:presentationLink link:definitionLink 116 - Disclosure - Subsequent Events link:calculationLink link:presentationLink link:definitionLink 117 - Disclosure - Summary of Significant Accounting Policies (Policies) link:calculationLink link:presentationLink link:definitionLink 118 - Disclosure - Fair Value Measurements (Tables) link:calculationLink link:presentationLink link:definitionLink 119 - Disclosure - Description of Organization and Business Operations - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 120 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 121 - Disclosure - Initial Public Offering - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 122 - Disclosure - Related Party Transactions - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 123 - Disclosure - Commitments & Contingencies - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 124 - Disclosure - Shareholder's Equity - Additional Information (Detail) link:calculationLink link:presentationLink link:definitionLink 125 - Disclosure - Fair Value Measurements - Summary of Information about Company's Assets Measured on Recurring Basis (Detail) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 8 ck0001725134-20180331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 ck0001725134-20180331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 ck0001725134-20180331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 11 ck0001725134-20180331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.8.0.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2018
May 10, 2018
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Mar. 31, 2018  
Document Fiscal Year Focus 2018  
Document Fiscal Period Focus Q1  
Trading Symbol ck0001725134  
Entity Registrant Name Leo Holdings Corp.  
Entity Central Index Key 0001725134  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Class A Ordinary Shares [Member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   20,000,000
Class B Ordinary Shares [Member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   5,000,000
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash $ 1,546,525 $ 112,681
Prepaid expenses 21,558  
Total current assets 1,568,083 112,681
Cash and cash equivalents held in Trust Account 200,328,731  
Deferred offering costs associated with initial public offering   276,511
Total assets 201,896,814 389,192
Current liabilities:    
Accrued expenses 2,525 214,261
Accrued expenses - related party 15,000  
Accounts payable 739,685 3,750
Notes payable-related parties   155,000
Total current liabilities 757,210 373,011
Deferred underwriting commissions 7,000,000  
Total liabilities 7,757,210 373,011
Commitments
Shareholders' Equity:    
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Additional paid-in capital 4,717,227 24,425
Retained earnings (accumulated deficit) 282,171 (8,819)
Total shareholders' equity 5,000,010 16,181
Total Liabilities and Shareholders' Equity 201,896,814 389,192
Class A Ordinary Shares [Member]    
Current liabilities:    
Class A ordinary shares, $0.0001 par value; 18,876,207 and -0- shares subject to possible redemption as of March 31, 2018 and December 31, 2017, respectively 189,139,594  
Shareholders' Equity:    
Ordinary shares 112  
Total shareholders' equity 112  
Class B Ordinary Shares [Member]    
Shareholders' Equity:    
Ordinary shares [1],[2] 500 575
Total shareholders' equity $ 500 $ 575
[1] The share amounts have been retroactively restated to reflect the surrender of 2,875,000 shares from the Sponsor in February 2018 (see Note 4).
[2] This number includes up to 750,000 shares subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriter. On March 29, 2018, the over-allotment option expired, and 750,000 shares were forfeited.
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Balance Sheets (Parenthetical) - $ / shares
Mar. 31, 2018
Dec. 31, 2017
Preference shares, par value $ 0.0001 $ 0.0001
Preference shares, shares authorized 1,000,000 1,000,000
Preference shares, shares issued 0 0
Preference shares, shares outstanding 0 0
Class A Ordinary Shares [Member]    
Ordinary shares subject to possible redemption, par value $ 0.0001 $ 0.0001
Ordinary shares subject to possible redemption, shares 18,876,207 0
Ordinary shares, par value $ 0.0001 $ 0.0001
Ordinary shares, shares authorized 200,000,000 200,000,000
Ordinary shares, shares issued 1,123,793 0
Ordinary shares, shares outstanding 1,123,793 0
Class B Ordinary Shares [Member]    
Ordinary shares, par value $ 0.0001 $ 0.0001
Ordinary shares, shares authorized 20,000,000 20,000,000
Ordinary shares, shares issued 5,000,000 5,750,000
Ordinary shares, shares outstanding 5,000,000 5,750,000
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Interim Statement of Operations
3 Months Ended
Mar. 31, 2018
USD ($)
$ / shares
shares
General and administrative expenses $ 38,271
Loss from operations (38,271)
Interest income 329,261
Net income $ 290,990
Class A Ordinary Shares [Member]  
Weighted average shares outstanding | shares 10,000,000
Basic and diluted net income (loss) per share | $ / shares $ 0.03
Class B Ordinary Shares [Member]  
Weighted average shares outstanding | shares 5,000,000
Basic and diluted net income (loss) per share | $ / shares $ (0.01)
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statement of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2018 - USD ($)
Total
IPO [Member]
Additional Paid-in Capital [Member]
Additional Paid-in Capital [Member]
IPO [Member]
Retained Earnings (Accumulated Deficit) [Member]
Class A Ordinary Shares [Member]
Class A Ordinary Shares [Member]
IPO [Member]
Class B Ordinary Shares [Member]
Beginning Balance at Dec. 31, 2017 $ 16,181   $ 24,425   $ (8,819)     $ 575
Beginning Balance, Shares at Dec. 31, 2017               5,750,000
Sale of units in initial public offering, net of offering costs   $ 187,832,433   $ 187,830,433     $ 2,000  
Sale of units in initial public offering, net of offering costs, Shares           20,000,000 20,000,000  
Sale of private placement warrants to Sponsor in private placement $ 6,000,000   $ 6,000,000          
Sale of private placement warrants to Sponsor in private placement, Shares 0   0   0 0   0
Forfeiture of Class B ordinary shares     $ 75         $ (75)
Forfeiture of Class B ordinary shares, Shares               (750,000)
Common stock subject to possible redemption $ (189,139,594)   (189,137,706)     $ (1,888)    
Common stock subject to possible redemption, Shares           (18,876,207)    
Net loss 290,990       $ 290,990      
Ending Balance at Mar. 31, 2018 $ 5,000,010   $ 4,717,227   $ 282,171 $ 112   $ 500
Ending Balance, Shares at Mar. 31, 2018           1,123,793   5,000,000
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Statement of Changes in Stockholders' Equity (Parenthetical) - shares
Mar. 29, 2018
Feb. 28, 2018
Class A Ordinary Shares [Member]    
Maximum number of founder shares agreed to forfeit by sponsor 750,000 0
Founder shares forfeited by sponsor 750,000 0
Class B Ordinary Shares [Member]    
Repurchase of shares surrendered by sponsor 0 2,875,000
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Interim Statement of Cash Flows
3 Months Ended
Mar. 31, 2018
USD ($)
Cash Flows from Operating Activities:  
Net income $ 290,990
Adjustments to reconcile net income to net cash provided by operating activities:  
Interest income in cash and cash equivalents held in Trust Account (328,731)
Changes in operating assets and liabilities:  
Prepaid expenses (21,558)
Accounts payable 735,935
Accrued expenses (211,736)
Accrued expenses - related party 15,000
Net cash provided by operating activities 479,900
Cash Flows from Investing Activities  
Principal deposited in Trust Account (200,000,000)
Net cash used in investing activities (200,000,000)
Cash Flows from Financing Activities:  
Funds borrowed from related parties 170,000
Repayment of loans to related parties (325,000)
Proceeds received from initial public offering, net of offering costs 195,108,944
Proceeds received from private placement 6,000,000
Net cash provided by financing activities 200,953,944
Net increase in cash 1,433,844
Cash - beginning of the period 112,681
Cash - end of the period 1,546,525
Supplemental disclosure of noncash investing and financing activities:  
Deferred underwriting commissions in connection with the initial public offering 7,000,000
Reclassification of deferred offering costs to equity upon completion of the initial public offering 276,511
Class A Ordinary Shares [Member]  
Supplemental disclosure of noncash investing and financing activities:  
Initial value of Class A ordinary shares subject to possible redemption 189,101,450
Change in value of Class A ordinary shares subject to possible redemption $ 38,144
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Description of Organization and Business Operations
3 Months Ended
Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Description of Organization and Business Operations

Note 1. Description of Organization and Business Operations

Leo Holdings Corp. (the “Company”) is an organized blank check company incorporated in the Cayman Islands on November 29, 2017. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on companies in the consumer sector. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies.

As of March 31, 2018, the Company had not commenced any operations. All activity for the period from November 29, 2017 (inception) through March 31, 2018 relates to the Company’s formation, the Initial Public Offering (as defined below), and since the offering, the search for a prospective initial Business Combination. The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering.

The Company’s sponsor is Leo Investors Limited Partnership, a Cayman Island exempted limited partnership (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on February 12, 2018. On February 15, 2018, the Company consummated its initial public offering (the “Initial Public Offering”) of 20,000,000 units (each, a “Unit” and collectively, the “Units”) sold to the public at a price of $10.00 per Unit, generating gross proceeds of $200 million, and incurring offering costs of approximately $12.2 million, inclusive of $7.0 million in deferred underwriting commissions (Note 5). The underwriter was granted a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit. The over-allotment option was not exercised prior to its expiration.

Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 4,000,000 warrants (each, a “Private Placement Warrant” and collectively, the “Private Placement Warrants”) at a price of $1.50 per Private Placement Warrant to the Sponsor, and generating gross proceeds of $6 million (Note 4).

Upon the closing of the Initial Public Offering and Private Placement, $200 million ($10.00 per Unit) of the net proceeds of the sale of the Units in the Initial Public Offering and the Private Placement was placed in a trust account (the “Trust Account”), located in the United States at J.P. Morgan Chase Bank, N.A., with Continental Stock Transfer & Trust Company acting as trustee, and invested only 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 completion of a Business Combination and (ii) the distribution of the Trust Account as described below.

At February 15, 2018, the Company had approximately $1.6 million in cash held outside of the Trust Account. The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended to be applied generally toward consummating a Business Combination. There is no assurance that the Company will be able to complete a Business Combination successfully. The Company must complete one or more initial Business Combinations having an aggregate fair market value of at least 80% of the assets held in the Trust Account (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into the initial Business Combination. However, the Company will only complete a Business Combination if the post-transaction 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.

The Company will provide holders of its outstanding Class A ordinary shares, par value $0.0001 (“Class A ordinary shares”), sold in the Initial Public Offering (the “public shareholders”) with the opportunity to redeem all or a portion of their Public Shares (as defined below in Note 3) 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. The public shareholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially at $10.00 per Public Share). The per-share amount to be distributed to public shareholders who redeem their Public Shares will not be reduced by the deferred underwriting commissions the Company will pay to the underwriter (as discussed in Note 5). These Public Shares will be recorded at a redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480 “Distinguishing Liabilities from Equity.” In such case, 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 such Business Combination and a majority of the shares voted are voted in favor of the 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, 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 U.S. Securities and Exchange Commission (“SEC”) and file tender offer documents with the SEC prior to completing a Business Combination. If, however, shareholder approval of a Business Combination is required by law, or the Company decides to obtain shareholder approval for business or legal reasons, the Company will offer to redeem Public Shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. 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 in connection with a Business Combination, the Sponsor and the Company’s officers and directors agreed to vote their Founder Shares (as defined below in Note 4) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination. In addition, the Sponsor and the Company’s officers and directors agreed to waive their redemption rights with respect to their Founder Shares and Public Shares in connection with the completion of a Business Combination.

Notwithstanding the foregoing, 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 more than an aggregate of 15% or more of the Class A ordinary shares sold in the Initial Public Offering, without the prior consent of the Company.

The Sponsor and the Company’s directors and executive officers agreed 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 Class A ordinary shares in conjunction with any such amendment.

If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the 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 on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.

The Sponsor and the Company’s officers and directors agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the Sponsor or the Company’s officers and directors acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriter of the Initial Public Offering has agreed to waive its rights to its deferred underwriting commission (see Note 5) held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other 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 residual assets remaining available for distribution (including Trust Account assets) will be only $10.00 per share initially held in the Trust Account. 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 third party 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 underwriter 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.

 

Liquidity

As of March 31, 2018, the Company had approximately $1.5 million in its operating bank account, approximately $329,000 of interest income available and working capital of approximately $811,000.

Through March 31, 2018, the Company’s liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the Sponsor in exchange for the issuance of the Founder Shares (Note 5) to the Sponsor, $325,000 in loans from the Sponsor, and the proceeds from the consummation of the Private Placement not held in Trust Account. The Company fully repaid the loans from the Sponsor on February 20, 2018.

Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet the Company’s needs through the earlier of the consummation of a Business Combination or one year from this filing. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

XML 20 R9.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies

Note 2—Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited condensed interim financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, the unaudited condensed interim financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018, or any future period. These unaudited condensed financial statements should be read in conjunction with the audited financial statements contained in the Company’s final prospectus and Current Report on Form 8-K filed with the SEC on February 14, 2018 and February 22, 2018, respectively.

Emerging Growth Company

Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 an emerging growth 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 an 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 that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Net Income (Loss) Per Ordinary Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per common share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 4,000,000 Class A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted earnings per common share is the same as basic earnings per common share for the period.

The Company’s statement of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the two-class method of income per share. Net income per ordinary share, basic and diluted for Class A ordinary shares is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of Class A ordinary shares outstanding for the period. Net loss per ordinary share, basic and diluted for Class B ordinary shares is calculated by dividing the net income, less income attributable to Class A ordinary shares, by the weighted average number of Class B ordinary shares outstanding for the period.

 

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations 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 March 31, 2018, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.

Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheets.

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

    Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

 

    Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

 

    Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

ASC 820, Fair Value Measurement and Disclosures, requires all entities to disclose the fair value of financial instruments, both assets and liabilities for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of March 31, 2018 and December 31, 2017, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses approximate the fair values due to the short-term nature of the instruments.

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s 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 expenses during the reporting period. Actual results could differ from those estimates.

Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs that were directly related to the Initial Public Offering totaled approximately $12.2 million, inclusive of $7.0 million in deferred underwriting commissions. Offering costs were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Class A Ordinary Shares subject to possible redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A 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, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2018, 18,876,207 Class A ordinary shares subject to possible redemption at the redemption amount are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

 

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB 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 Cayman 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. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2018 and December 31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its current tax position.

The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area 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.

Recent Accounting Pronouncements

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

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.8.0.1
Initial Public Offering
3 Months Ended
Mar. 31, 2018
Text Block [Abstract]  
Initial Public Offering

Note 3—Initial Public Offering

On February 15, 2018, the Company sold 20,000,000 Units at a price of $10.00 per Unit in the Initial Public Offering. Each Unit consists of one Class A ordinary share (such Class A ordinary shares included in the Units being offered, the “Public Shares”), and one-half of one redeemable warrant (each, a “Public Warrant”). Each whole Public Warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment (see Note 6).

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions
3 Months Ended
Mar. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

Note 4—Related Party Transactions

Founder Shares

On December 8, 2017, the Sponsor purchased 8,625,000 shares (the “Founder Shares”) of the Company’s Class B ordinary shares, par value $0.001 (the “Class B ordinary shares”), for an aggregate price of $25,000. In February 2018, the Sponsor effected a surrender of 2,875,000 Founder Shares to the Company for no consideration, resulting in a decrease in the total number of Founder Shares from 8,625,000 to 5,750,000. The Founder Shares will automatically convert into Class A ordinary shares at the time of the Company’s initial Business Combination and are subject to certain transfer restrictions, as described in Note 6. The Sponsor had agreed to forfeit up to 750,000 Founder Shares to the extent that the over-allotment option was not exercised in full by the underwriter. On March 29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.

The Sponsor and the Company’s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property.

Private Placement Warrants

Concurrently with the closing of the Initial Public Offering, the Sponsor purchased 4,000,000 Private Placement Warrants at $1.50 per Private Placement Warrant, and generating gross proceeds of $6.0 million in the Private Placement.

 

Each Private Placement Warrant is exercisable for one Class A ordinary share at a price of $11.50 per share. A portion of the proceeds from the sale of the Private Placement Warrants were added to the proceeds from the Initial Public Offering and deposited in the Trust Account. If the Company does not complete a Business Combination within the Combination Period, the Private Placement Warrants will expire worthless. The Private Placement Warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the Sponsor or its permitted transferees.

The Sponsor and the Company’s officers and directors agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Loans

The Sponsor and its affiliate had loaned the Company an aggregate of $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note. This loan is non-interest bearing and became payable upon the completion of the Initial Public Offering. The Company repaid $300,000 on February 15, 2018. In addition, the Sponsor and its affiliate loaned the Company another $25,000 for working capital. The Company fully repaid this amount on February 20, 2018.

In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of the proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $1.5 million of such Working Capital Loans may be convertible into warrants of the post Business Combination entity at a price of $1.50 per warrant. The warrants would be identical to the Private Placement Warrants.

Administrative Support Agreement

The Company has agreed, commencing on the effective date of the Initial Public Offering through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay the Sponsor a total of $10,000 per month for office space, utilities and secretarial and administrative support. As of March 31, 2018, the Company recorded an aggregate of $15,000 in expenses in connection with such agreement on the accompanying Statement of Operations, of which $15,000 was accrued on the accompanying Balance Sheet as of March 31, 2018.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments & Contingencies
3 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments & Contingencies

Note 5—Commitments & Contingencies

Registration Rights

The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to Class A ordinary shares) pursuant to a registration and shareholder rights agreement. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration and shareholder rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

Underwriting Agreement

The Company granted the underwriter a 45-day option from the date of the final prospectus relating to the Initial Public Offering to purchase up to 3,000,000 additional Units to cover over-allotments, if any, at $10.00 per Unit, less underwriting discounts and commissions. This option expired on March 29, 2018 without being exercised.

The underwriter was entitled to an underwriting discount of $0.20 per Unit, or $4.0 million in the aggregate, paid upon the closing of the Initial Public Offering. In addition, $0.35 per Unit, or $7.0 million in the aggregate, will be payable to the underwriter for deferred underwriting commissions. The deferred underwriting commissions will become payable to the underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement.

XML 24 R13.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholder's Equity
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Shareholder's Equity

Note 6—Shareholder’s Equity

Ordinary Shares

Class A Ordinary Shares—The Company is authorized to issue 200,000,000 Class A ordinary shares with a par value of $0.0001 per share. As of March 31, 2018, there were 20,000,000 Class A ordinary shares issued or outstanding, including 18,876,207 Class A ordinary shares subject to possible redemption.

Class B Ordinary Shares—The Company is authorized to issue 20,000,000 Class B ordinary shares with a par value of $0.0001 per share. Holders of Class B ordinary shares are entitled to one vote for each share. In December 2017, the Company initially issued 8,625,000 Class B ordinary shares. In February 2018, in connection with the decrease of the size of the Initial Public Offering, the Sponsor effected a surrender of 2,875,000 Class B ordinary shares to the Company for no consideration, resulting in a decrease in the total number of Class B ordinary shares from 8,625,000 to 5,750,000. Of the 5,750,000 Class B ordinary shares outstanding, up to 750,000 shares were subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the underwriter’s over-allotment option was not exercised in full or in part, so that the Founder Shares would represent 20% of the Company’s issued and outstanding ordinary shares after the Initial Public Offering. On March 29, 2018, the over-allotment option expired and an aggregate of 750,000 shares were subsequently forfeited by the Sponsor.

Holders of Class A ordinary shares and Class B ordinary shares will vote together as a single class on all matters submitted to a vote of shareholders except as required by law.

The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the initial Business Combination at a ratio such that the number of Class A ordinary shares issuable upon conversion of all Class B ordinary shares will equal, in the aggregate, on an as-converted basis, 20% of the sum of (i) the total number of Class A ordinary shares issued and outstanding upon completion of the Initial Public Offering, plus (ii) the sum of (a) the total number of Class A ordinary shares issued or deemed issued or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with or in relation to the consummation of the initial Business Combination, excluding any Class A ordinary shares or equity-linked securities exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the initial Business Combination and any warrants issued to the Sponsor upon conversion of Working Capital Loans, minus (b) the number of Public Shares redeemed by Public Shareholders in connection with the initial Business Combination.

Preference Shares—The Company is authorized to issue 1,000,000 preference shares with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of March 31, 2018 and December 31, 2017, there were no preference shares issued or outstanding.

Warrants—Public Warrants may only be exercised for a whole number of shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public Warrants will trade. 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; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The Company has agreed that as soon as practicable, but in no event later than 20 business days, after the closing of a Business Combination, the Company will use its best efforts to file with the SEC a registration statement for the registration, under the Securities Act, of the Class A ordinary shares issuable upon exercise of the Public Warrants. The Company will use its best efforts to cause the same to become effective and to maintain the effectiveness of such registration statement, and a current prospectus relating thereto, until the expiration of the Public Warrants in accordance with the provisions of the warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the Public Warrants is not effective by the sixtieth day after the closing of the initial Business Combination, warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. The Public Warrants will expire five years after the completion of a Business Combination or earlier upon redemption or liquidation.

The Private Placement Warrants are identical to the Public Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions. Additionally, the Private Placement Warrants will be non-redeemable so long as they are held by the Sponsor or its permitted transferees. If the Private Placement Warrants are held by someone other than the Sponsor or its permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the Public Warrants.

 

The Company may call the Public Warrants for redemption:

 

    in whole and not in part;

 

    at a price of $0.01 per warrant;

 

    upon a minimum of 30 days’ prior written notice of redemption; and

 

    if, and only if, the last reported closing price of the ordinary shares equals or exceeds $18.00 per share for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which the Company sends the notice of redemption to the warrant holders.

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

The exercise price and number of Class A ordinary shares issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a share dividend, or recapitalization, reorganization, merger or consolidation. However, the warrants will not be adjusted for issuance of Class A ordinary shares at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrant shares. 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 the respect to such warrants. Accordingly, the warrants may expire worthless.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note 7. Fair Value Measurements

The following table presents information about the Company’s assets that are measured on a recurring basis as of March 31, 2018 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

 

     Quoted Prices      Significant Other      Significant Other  
     in Active Markets      Observable Inputs      Unobservable Inputs  

Description

   (Level 1)      (Level 2)      (Level 3)  

Cash and cash equivalents held in Trust Account

   $ 200,328,731      $ —        $ —    
  

 

 

    

 

 

    

 

 

 
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Subsequent Events
3 Months Ended
Mar. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events

Note 8—Subsequent Events

The Company evaluated subsequent events and transactions that occurred after the balance sheet date.

XML 27 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

The accompanying unaudited condensed interim financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the rules and regulations of the SEC. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, the unaudited condensed interim financial statements reflect all adjustments, which include only normal recurring adjustments necessary for the fair statement of the balances and results for the periods presented. Operating results for the three months ended March 31, 2018 are not necessarily indicative of the results that may be expected for the year ended December 31, 2018, or any future period. These unaudited condensed financial statements should be read in conjunction with the audited financial statements contained in the Company’s final prospectus and Current Report on Form 8-K filed with the SEC on February 14, 2018 and February 22, 2018, respectively.

Emerging Growth Company

Emerging Growth Company

Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 an emerging growth 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 an 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 that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

Net Income (Loss) Per Ordinary Share

Net Income (Loss) Per Ordinary Share

The Company complies with accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share.” Net income (loss) per common share is computed by dividing net income (loss) applicable to common shareholders by the weighted average number of common shares outstanding for the period. The Company has not considered the effect of the warrants sold in the Initial Public Offering and Private Placement to purchase an aggregate of 4,000,000 Class A ordinary shares in the calculation of diluted earnings per share, since their inclusion would be anti-dilutive under the treasury stock method. As a result, diluted earnings per common share is the same as basic earnings per common share for the period.

The Company’s statement of operations includes a presentation of income per share for ordinary shares subject to redemption in a manner similar to the two-class method of income per share. Net income per ordinary share, basic and diluted for Class A ordinary shares is calculated by dividing the interest income earned on the Trust Account, by the weighted average number of Class A ordinary shares outstanding for the period. Net loss per ordinary share, basic and diluted for Class B ordinary shares is calculated by dividing the net income, less income attributable to Class A ordinary shares, by the weighted average number of Class B ordinary shares outstanding for the period.

Concentration of Credit Risk

Concentration of Credit Risk

Financial instruments that potentially subject the Company to concentrations 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 March 31, 2018, the Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.

Financial Instruments

Financial Instruments

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC Topic 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheets.

Fair Value Measurements

Fair Value Measurements

Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

    Level 1, defined as observable inputs such as quoted prices for identical instruments in active markets;

 

    Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and

 

    Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

ASC 820, Fair Value Measurement and Disclosures, requires all entities to disclose the fair value of financial instruments, both assets and liabilities for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of March 31, 2018 and December 31, 2017, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses approximate the fair values due to the short-term nature of the instruments.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires the Company’s 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 expenses during the reporting period. Actual results could differ from those estimates.

Offering Costs

Offering Costs

Offering costs consist of legal, accounting, underwriting fees and other costs that were directly related to the Initial Public Offering totaled approximately $12.2 million, inclusive of $7.0 million in deferred underwriting commissions. Offering costs were charged to shareholders’ equity upon the completion of the Initial Public Offering.

Class A Ordinary Shares Subject to Possible Redemption

Class A Ordinary Shares subject to possible redemption

The Company accounts for its Class A ordinary shares subject to possible redemption in accordance with the guidance in FASB ASC Topic 480 “Distinguishing Liabilities from Equity.” Class A ordinary shares subject to mandatory redemption (if any) are classified as liability instruments and are measured at fair value. Conditionally redeemable Class A ordinary shares (including Class A 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, Class A ordinary shares are classified as shareholders’ equity. The Company’s Class A ordinary shares feature certain redemption rights that are considered to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly, at March 31, 2018, 18,876,207 Class A ordinary shares subject to possible redemption at the redemption amount are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.

Income Taxes

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under FASB ASC Topic 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

FASB 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 Cayman 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. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of March 31, 2018 and December 31, 2017. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its current tax position.

The Company may be subject to potential examination by U.S. federal, U.S. state or foreign taxing authorities in the area 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.

Recent Accounting Pronouncements

Recent Accounting Pronouncements

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

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2018
Fair Value Disclosures [Abstract]  
Summary of Information about Company's Assets Measured on Recurring Basis

The following table presents information about the Company’s assets that are measured on a recurring basis as of March 31, 2018 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value.

 

     Quoted Prices      Significant Other      Significant Other  
     in Active Markets      Observable Inputs      Unobservable Inputs  

Description

   (Level 1)      (Level 2)      (Level 3)  

Cash and cash equivalents held in Trust Account

   $ 200,328,731      $ —        $ —    
  

 

 

    

 

 

    

 

 

 
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.8.0.1
Description of Organization and Business Operations - Additional Information (Detail) - USD ($)
3 Months Ended
Feb. 15, 2018
Mar. 31, 2018
Dec. 31, 2017
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Date of incorporation   Nov. 29, 2017  
Gross proceeds from initial public offering $ 200,000,000 $ 195,108,944  
Proceeds from sale of private placement units 6,000,000 6,000,000  
Cash held outside of the Trust Account $ 1,600,000 $ 1,546,525 $ 112,681
Minimum percentage of fair market value of business acquisition to trust account balance 80.00%    
Minimum ownership percentage to be acquired for not to be registered as an investment company 50.00%    
Share price $ 10.00    
Net tangible assets $ 5,000,001    
Shares redemption obligation percentage   100.00%  
Business combination and initial public offering completion period description   If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”), the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the 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 on the funds held in the Trust Account and not previously released to the Company to pay its income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining shareholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable law.  
Period for business combination from closing of Initial Public Offering   24 months  
Interest to pay dissolution expenses   $ 100,000  
Share redemption price per share   $ 10.00  
Amount available in operating bank account   $ 1,500,000  
Interest available   329,000  
Working capital   811,000  
Sponsor [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Proceeds from sale of private placement units   6,000,000  
Receipt from capital contribution   25,000  
Loans from sponsor   $ 325,000  
Loan repayment date   Feb. 20, 2018  
Class A Ordinary Shares [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Ordinary shares, par value $ 0.0001 $ 0.0001 $ 0.0001
IPO [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Sale of units in initial public offering 20,000,000    
Sale of stock price per unit $ 10.00    
Offering costs $ 12,200,000 $ 12,200,000  
Deferred underwriting commissions $ 7,000,000 $ 7,000,000  
IPO [Member] | Class A Ordinary Shares [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Share price $ 10.00    
IPO [Member] | Class A Ordinary Shares [Member] | Maximum [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Shares redemption percentage   15.00%  
Over-Allotment Option [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Sale of stock price per unit $ 10.00 $ 10.00  
Underwriters option granted, period 45 days    
Number of additional units purchased by underwriters 3,000,000    
Private Placement [Member]      
Organization Consolidation And Presentation Of Financial Statements Disclosure [Line Items]      
Sale of units in initial public offering 4,000,000    
Sale of stock price per unit $ 1.50    
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.8.0.1
Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)
3 Months Ended
Feb. 15, 2018
Mar. 31, 2018
Accounting Policies [Line Items]    
Federal depository insurance coverage   $ 250,000
Unrecognized tax benefits   0
Amounts accrued for interest or penalties   0
IPO [Member]    
Accounting Policies [Line Items]    
Offering costs $ 12,200,000 12,200,000
Deferred underwriting commissions $ 7,000,000 $ 7,000,000
Class A Ordinary Shares [Member]    
Accounting Policies [Line Items]    
Diluted securities for net income per share calculation   4,000,000
Number of shares of ordinary shares subject to possible redemption   18,876,207
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.8.0.1
Initial Public Offering - Additional Information (Detail)
Feb. 15, 2018
$ / shares
shares
Subsidiary, Sale of Stock [Line Items]  
Unit price per share | $ / shares $ 10.00
IPO [Member]  
Subsidiary, Sale of Stock [Line Items]  
Sale of units, shares 20,000,000
Number of warrants included in each unit 0.5
IPO [Member] | Class A Ordinary Shares [Member]  
Subsidiary, Sale of Stock [Line Items]  
Unit price per share | $ / shares $ 10.00
Number of shares of common stock converted from each warrant (in shares) 1
Warrant exercise price | $ / shares $ 11.50
IPO [Member] | Public Warrants [Member]  
Subsidiary, Sale of Stock [Line Items]  
Number of common shares included in each unit 1
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Related Party Transactions - Additional Information (Detail) - USD ($)
1 Months Ended 3 Months Ended
Mar. 29, 2018
Feb. 20, 2018
Feb. 15, 2018
Dec. 08, 2017
Feb. 28, 2018
Mar. 31, 2018
Mar. 01, 2018
Dec. 31, 2017
Related Party Transaction [Line Items]                
Closing price of common stock     $ 10.00          
Proceeds from sale of private placement units     $ 6,000,000     $ 6,000,000    
Repayment of loan           325,000    
Related party accrued expenses           15,000    
Sponsor [Member]                
Related Party Transaction [Line Items]                
Proceeds from issuance of founder shares           25,000    
Proceeds from sale of private placement units           6,000,000    
Sponsor [Member] | Related Party Loans [Member]                
Related Party Transaction [Line Items]                
Loan from related party           300,000    
Repayment of loan     $ 300,000          
Sponsor [Member] | Working Capital Loans [Member]                
Related Party Transaction [Line Items]                
Repayment of loan   $ 25,000            
Loans converted in to warrants           $ 1,500,000    
Warrant, exercise price           $ 1.50    
Sponsor [Member] | Administrative Support Agreement [Member]                
Related Party Transaction [Line Items]                
Office space, utilities and secretarial and administrative support expenses           $ 10,000    
Related party transaction expense           15,000    
Related party accrued expenses           $ 15,000    
Private Placement [Member] | Sponsor [Member]                
Related Party Transaction [Line Items]                
Number of warrants purchased           4,000,000    
Price per warrant           $ 1.50    
Class B Ordinary Shares [Member]                
Related Party Transaction [Line Items]                
Repurchase of shares surrendered by sponsor         2,875,000      
Common stock shares outstanding           5,000,000   5,750,000
Maximum number of founder shares agreed to forfeit by sponsor           750,000    
Class B Ordinary Shares [Member] | Founder [Member]                
Related Party Transaction [Line Items]                
Number of founder shares purchased by sponsor       8,625,000        
Closing price of common stock       $ 0.001        
Proceeds from issuance of founder shares       $ 25,000        
Repurchase of shares surrendered by sponsor         2,875,000      
Consideration for surrender of shares         $ 0      
Common stock shares outstanding         8,625,000   5,750,000  
Class A Ordinary Shares [Member]                
Related Party Transaction [Line Items]                
Number of founder shares purchased by sponsor           20,000,000    
Common stock shares outstanding           1,123,793   0
Founder shares, earliest period to transfer, assign or sell           1 year    
Founder shares, threshold trading days           20 days    
Founder shares, threshold consecutive trading days           30 days    
Founder shares, commencement period           150 days    
Class A Ordinary Shares [Member] | Founder [Member]                
Related Party Transaction [Line Items]                
Closing price of common stock           $ 12.00    
Maximum number of founder shares agreed to forfeit by sponsor           750,000    
Founder shares forfeited by sponsor 750,000              
Sale of stock, description of transaction           (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, capital stock exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their ordinary shares for cash, securities or other property.    
Class A Ordinary Shares [Member] | Private Placement [Member] | Sponsor [Member]                
Related Party Transaction [Line Items]                
Number of shares of common stock converted from each warrant           1    
Warrant exercise price           $ 11.50    
Period to complete initial business combination           30 days    
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.8.0.1
Commitments & Contingencies - Additional Information (Detail) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended
Mar. 31, 2018
Feb. 15, 2018
Commitments and Contingencies [Line Items]    
Underwriters option period 45 days  
Underwriters option expiry date Mar. 29, 2018  
Underwriting discount per unit $ 0.20  
Payment for underwriting discount $ 4.0  
Deferred underwriting commissions per unit $ 0.35  
Over-Allotment Option [Member]    
Commitments and Contingencies [Line Items]    
Number of additional shares granted 3,000,000  
Sale price per unit $ 10.00 $ 10.00
IPO [Member]    
Commitments and Contingencies [Line Items]    
Sale price per unit   $ 10.00
Deferred underwriting commission $ 7.0  
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Shareholder's Equity - Additional Information (Detail) - USD ($)
1 Months Ended 3 Months Ended
Feb. 28, 2018
Mar. 31, 2018
Feb. 15, 2018
Dec. 31, 2017
Dec. 01, 2017
Stockholders Equity Disclosure [Line Items]          
Preference shares, shares authorized   1,000,000   1,000,000  
Preference shares, shares issued   0   0  
Preference shares, shares outstanding   0   0  
Class A Ordinary Shares [Member]          
Stockholders Equity Disclosure [Line Items]          
Ordinary shares, shares authorized   200,000,000   200,000,000  
Ordinary shares, par value   $ 0.0001 $ 0.0001 $ 0.0001  
Ordinary shares issued or outstanding   20,000,000      
Ordinary shares subject to possible redemption, shares   18,876,207   0  
Ordinary shares, shares issued   1,123,793   0  
Class B Ordinary Shares [Member]          
Stockholders Equity Disclosure [Line Items]          
Ordinary shares, shares authorized   20,000,000   20,000,000  
Ordinary shares, par value   $ 0.0001   $ 0.0001  
Ordinary shares, shares issued 5,750,000 5,000,000   5,750,000 8,625,000
Ordinary shares, shares outstanding including forfeitures 5,750,000        
Common stock, voting rights   Holders of Class B ordinary shares are entitled to one vote for each share.      
Maximum number of founder shares agreed to forfeit by sponsor   750,000      
Repurchase of shares surrendered by sponsor 2,875,000        
Consideration for surrender of ordinary shares by certain shareholder $ 0        
Over-allotment option expiration date   Mar. 29, 2018      
Ownership percentage held by initial shareholders   20.00%      
Public Warrants [Member]          
Stockholders Equity Disclosure [Line Items]          
Warrants, description   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; provided in each case that the Company has an effective registration statement under the Securities Act covering the Class A ordinary shares issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act).      
Warrants expiration period   5 years      
Price per warrants   $ 0.01      
Redemption period of warrants   30 days      
Closing price of common stock   $ 18.00      
Private Placement [Member]          
Stockholders Equity Disclosure [Line Items]          
Warrants, description   The Private Placement Warrants are identical to the Public Warrants included in the Units sold in the Initial Public Offering, except that the Private Placement Warrants and the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will not be transferable, assignable or salable until 30 days after the completion of a Business Combination, subject to certain limited exceptions.      
Closing price of common stock     $ 1.50    
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.8.0.1
Fair Value Measurements - Summary of Information about Company's Assets Measured on Recurring Basis (Detail)
Mar. 31, 2018
USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Cash and cash equivalents held in Trust Account $ 200,328,731
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member]  
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]  
Cash and cash equivalents held in Trust Account $ 200,328,731
EXCEL 36 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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

A$:XQ0S5F-QK9$K=/4?OT\2#G*,$<"7(Y"=)CTE&0I@#= MARMEJ%)VJY1$$R6/H=%(*GI*<94%JK*X58GN9'2)$BP?SZCU$SO=T0,'IP<] M[!V]HX)7$8T1E7BJXD'+L0J]MV\4KS:*E%N2W*' BXG. M_F/O\'JB*>+%;!IN^L^DDM%5:)^:;TR>JD8%.Z'-K>KNOJ,0&@R=.>!A4)K7 M;1AP.&K;S4Q?^BO>#[1H^^>+#&]H\1=02P,$% @ ,82K3$PU@\? ! MPQH !D !X;"]W;W)K&ULE9G;;N,V$(9?Q? # M1.)A= AL YNDSAIH@6"+=J\5FXZ-E2Q74N+MVU<'QI7(GUIY+]:6\L\,A^0W M0\F+2U[\* ]*5;.?67HJE_-#59WO/:_<'E26E'?Y69WJO^SS(DNJ^K)X\\IS MH9)=:Y2E'O?]P,N2XVF^6K3W7HK5(G^OTN-)O12S\CW+DN+?!Y7FE^6J_CJ_%/65=_6R.V;J5![STZQ0^^7\"[O?!'YCT"K^ M/JI+V?L^:U)YS?,?S<5FMYS[S8A4JK95XR*I/S[4HTK3QE,]CG^TT_DU9F/8 M__[I?=TF7R?SFI3J,4^_'W?583F/YK.=VB?O:?4MOWQ5.B&:SW3VOZL/E=;R M9B1UC&V>ENW_L^U[6>69]E(/)4M^=I_'4_MYT?X_S; !UP;\:L#DJ('0!F*J M@=0&;(U+ R'FM^0'T.S!L.)AY)GX&:H^(H"&4EM@.;_L7CUM%[GEL.YY:V] M&,2(L0,!'8C6@>P[D+XQJYTF;#6G;E9]'$/"&-**P2)CLIZD%2/PVW_&M/]: M-Q@0P0$12)H9@3H-]0()3LXX 8P3@#A&XL^!%8>YPX0P3&B'\1EV$$$'T?1= M%$,',4A4&(G&5J(C\\E\7$K\7V^E9RVBJ7N$.

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end XML 37 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( '-', '+' ); } } }; XML 38 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 40 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 64 162 1 true 17 0 false 4 false false R1.htm 101 - Document - Document and Entity Information Sheet http://imetrix.edgar-online.com/taxonomy/role/DocumentandEntityInformation Document and Entity Information Cover 1 false false R2.htm 103 - Statement - Condensed Balance Sheets Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementCondensedBalanceSheets Condensed Balance Sheets Statements 2 false false R3.htm 104 - Statement - Condensed Balance Sheets (Parenthetical) Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementCondensedBalanceSheetsParenthetical Condensed Balance Sheets (Parenthetical) Statements 3 false false R4.htm 105 - Statement - Condensed Interim Statement of Operations Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementOfIncome Condensed Interim Statement of Operations Statements 4 false false R5.htm 106 - Statement - Condensed Statement of Changes in Stockholders' Equity Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementOfShareholdersEquityAndOtherComprehensiveIncome Condensed Statement of Changes in Stockholders' Equity Statements 5 false false R6.htm 107 - Statement - Condensed Statement of Changes in Stockholders' Equity (Parenthetical) Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementOfShareholdersEquityAndOtherComprehensiveIncomeParenthetical Condensed Statement of Changes in Stockholders' Equity (Parenthetical) Statements 6 false false R7.htm 108 - Statement - Condensed Interim Statement of Cash Flows Sheet http://imetrix.edgar-online.com/taxonomy/role/StatementOfCashFlowsDirect Condensed Interim Statement of Cash Flows Statements 7 false false R8.htm 109 - Disclosure - Description of Organization and Business Operations Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsOrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock Description of Organization and Business Operations Notes 8 false false R9.htm 110 - Disclosure - Summary of Significant Accounting Policies Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsSignificantAccountingPoliciesTextBlock Summary of Significant Accounting Policies Notes 9 false false R10.htm 111 - Disclosure - Initial Public Offering Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsInitialPublicOfferingTextBlock Initial Public Offering Notes 10 false false R11.htm 112 - Disclosure - Related Party Transactions Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsRelatedPartyTransactionsDisclosureTextBlock Related Party Transactions Notes 11 false false R12.htm 113 - Disclosure - Commitments & Contingencies Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsCommitmentsAndContingenciesDisclosureTextBlock Commitments & Contingencies Notes 12 false false R13.htm 114 - Disclosure - Shareholder's Equity Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsStockholdersEquityNoteDisclosureTextBlock Shareholder's Equity Notes 13 false false R14.htm 115 - Disclosure - Fair Value Measurements Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock Fair Value Measurements Notes 14 false false R15.htm 116 - Disclosure - Subsequent Events Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsSubsequentEventsTextBlock Subsequent Events Notes 15 false false R16.htm 117 - Disclosure - Summary of Significant Accounting Policies (Policies) Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsSignificantAccountingPoliciesTextBlockPolicies Summary of Significant Accounting Policies (Policies) Policies http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsSignificantAccountingPoliciesTextBlock 16 false false R17.htm 118 - Disclosure - Fair Value Measurements (Tables) Sheet http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlockTables Fair Value Measurements (Tables) Tables http://imetrix.edgar-online.com/taxonomy/role/NotesToFinancialStatementsFairValueDisclosuresTextBlock 17 false false R18.htm 119 - Disclosure - Description of Organization and Business Operations - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureDescriptionOfOrganizationAndBusinessOperationsAdditionalInformation Description of Organization and Business Operations - Additional Information (Detail) Details 18 false false R19.htm 120 - Disclosure - Summary of Significant Accounting Policies - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureSummaryOfSignificantAccountingPoliciesAdditionalInformation Summary of Significant Accounting Policies - Additional Information (Detail) Details 19 false false R20.htm 121 - Disclosure - Initial Public Offering - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureInitialPublicOfferingAdditionalInformation Initial Public Offering - Additional Information (Detail) Details 20 false false R21.htm 122 - Disclosure - Related Party Transactions - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureRelatedPartyTransactionsAdditionalInformation Related Party Transactions - Additional Information (Detail) Details 21 false false R22.htm 123 - Disclosure - Commitments & Contingencies - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureCommitmentsContingenciesAdditionalInformation Commitments & Contingencies - Additional Information (Detail) Details 22 false false R23.htm 124 - Disclosure - Shareholder's Equity - Additional Information (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureShareholdersEquityAdditionalInformation Shareholder's Equity - Additional Information (Detail) Details 23 false false R24.htm 125 - Disclosure - Fair Value Measurements - Summary of Information about Company's Assets Measured on Recurring Basis (Detail) Sheet http://imetrix.edgar-online.com/taxonomy/role/DisclosureFairValueMeasurementsSummaryOfInformationAboutCompanysAssetsMeasuredOnRecurringBasis Fair Value Measurements - Summary of Information about Company's Assets Measured on Recurring Basis (Detail) Details 24 false false All Reports Book All Reports ck0001725134-20180331.xml ck0001725134-20180331.xsd ck0001725134-20180331_cal.xml ck0001725134-20180331_def.xml ck0001725134-20180331_lab.xml ck0001725134-20180331_pre.xml http://xbrl.sec.gov/invest/2013-01-31 http://fasb.org/us-gaap/2017-01-31 http://xbrl.sec.gov/dei/2014-01-31 true true ZIP 42 0001193125-18-160919-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-18-160919-xbrl.zip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