XML 17 R17.htm IDEA: XBRL DOCUMENT v3.20.1
Organization, Plan of Business Operations and Going Concern Consideration (Details)
9 Months Ended
Dec. 31, 2019
USD ($)
$ / shares
shares
Deposit into the trust account unit | shares 575,000
Deposit into the trust account unit price per unit $ 0.10
Aggregate unit | shares 1,150,000
Aggregate price per unit $ 0.20
Business Combination [Member]  
Business combination fair value description Pursuant to Nasdaq listing rules, the Company's initial Business Combination must occur with one or more target businesses having an aggregate fair market value equal to at least 80% of the value of the funds in the Trust Account (excluding any deferred underwriter's fees and taxes payable on the income earned on the Trust Account), which the Company refers to as the 80% test, at the time of the execution of a definitive agreement for its initial Business Combination, although the Company may structure a Business Combination with one or more target businesses whose fair market value significantly exceeds 80% of the Trust Account balance. If the Company is no longer listed on Nasdaq, it will not be required to satisfy the 80% test.
Business combination acquire description The Company currently anticipates structuring a Business Combination to acquire 100% of the equity interests or assets of the target business or businesses. The Company may, however, structure a Business Combination where the Company merges directly with the target business or where the Company acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the target management team or shareholders or for other reasons, but the Company will only complete such Business Combination if the post-transaction company owns 50% or more of the outstanding voting securities of the target or otherwise owns a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act. If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-transaction company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% test.
Business combination net tangible assets | $ $ 5,000,001
Liquidation, description (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 100% of the outstanding public shares and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining holders of ordinary shares and the Company's board of directors, dissolve and liquidate. However, if the Company anticipates that it may not be able to consummate its initial Business Combination within 12 months, the Company may, but is not obligated to, extend the period of time to consummate a Business Combination up to two times, each by an additional three months (for a total of up to 18 months to complete a Business Combination).
Public Offering [Member]  
Public offering price per unit $ 10.00
Sale of Public offering sponsor, per unit $ 10.00
Net proceeds | $ $ 57,989,380
Private placement | $ $ 57,500,000
Maturity term 180 days
Private Placement [Member]  
Sale of share units | shares 272,500
Share price $ 10.00