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7. Shareholders' Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Shareholders' Equity

NOTE 7 – SHAREHOLDERS’ EQUITY

 

Preferred shares

 

The Company is authorized to issue 2,000,000 preferred shares at par $0.0001. There is no specific preferential right associated with this class of share at the time of this filing.

 

Ordinary shares

 

The Company is authorized to issue 100,000,000 ordinary shares at par $0.0001. Holders of the Company’s ordinary shares are entitled to one vote for each share.

 

On August 6, 2018, the Company issued 215,000 ordinary shares under the private placement of 215,000 private units at $10 per unit, to the Sponsor.

 

As of March 31, 2019 and December 31, 2018, 1,992,597 and 1,987,165 ordinary shares issued and outstanding excluding 3,972,403 and 3,977,835 shares are subject to possible conversion, respectively.