XML 33 R11.htm IDEA: XBRL DOCUMENT v3.19.3
5. Private Placement
9 Months Ended
Sep. 30, 2019
Private Placement  
Private Placement

NOTE 5 – PRIVATE PLACEMENT

 

Simultaneously with the closing of the Public Offering, the Company consummated a private placement of (i) 200,000 Private Units, at $10.00 per unit, purchased by the Sponsor.

 

Simultaneously with the sale of the Over-Allotment Units, the Company consummated a private placement of 15,000 Private Units, at $10.00 per unit, purchased by the Sponsor.

 

The Private Units are identical to the units sold in the initial public offering except that the private warrants will be non-redeemable and may be exercised on a cashless basis.