Deferred Underwriting Compensation |
7 Months Ended | ||
|---|---|---|---|
Dec. 31, 2015 | |||
| Deferred Underwriting Compensation [Abstract] | |||
| Deferred Underwriting Compensation |
The Company is committed to pay the Deferred Discount totaling $13,125,000 or 3.50% of the gross offering proceeds of the Public Offering, to the underwriters upon the Company’s consummation of a Business Combination. The underwriters are not entitled to any interest accrued on the Deferred Discount, and no Deferred Discount is payable to the underwriters if there is no Business Combination.
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