RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | |||||
---|---|---|---|---|---|---|---|
Mar. 20, 2018 |
Mar. 16, 2018 |
Mar. 09, 2018 |
Dec. 05, 2017 |
Aug. 01, 2017 |
Nov. 30, 2017 |
Mar. 31, 2018 |
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Percentage of issued and outstanding shares | 20.00% | ||||||
Advances from related party | $ 67,013 | ||||||
Initial Public Offering [Member] | |||||||
Number of common stock issued | 11,500,000 | 10,000,000 | |||||
Sponsors [Member] | Initial Public Offering [Member] | |||||||
Advances from related party | 67,013 | ||||||
Sponsors [Member] | Initial Stockholders ("Founder Shares") [Member] | |||||||
Maximum shares subject to forfeited | 375,000 | ||||||
Percentage of issued and outstanding shares | 20.00% | ||||||
Number of shares outstanding | 375,000 | ||||||
Description of initial stockholders |
The Initial Stockholders have agreed that, subject to certain limited exceptions, the Founder Shares will not be transferred, assigned or sold until the earlier of six months after the date of the consummation of a Business Combination and the date on which the closing price of the Company’s common stock equals or exceeds $12.50 per share (as adjusted for share splits, share dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after the Business Combination, or earlier if, subsequent to a Business Combination, the Company consummates a liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property. |
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Sponsors [Member] | Promissory Notes [Member] | |||||||
Aggregate pricipal amount | $ 122,839 | ||||||
Description of debt instrument maturity |
The Promissory Note is non-interest bearing and payable on the earlier to occur of (i) December 31, 2018, (ii) the consummation of the Initial Public Offering or (iii) the date on which the Company determined not to proceed with the Initial Public Offering. The Promissory Note was repaid at the closing of the Initial Public Offering. |
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Amount of debt converted | $ 1,500,000 | ||||||
Conversion price (in dollars per share) | $ 1.00 | ||||||
Axis Public Ventures [Member] | Initial Stockholders ("Founder Shares") [Member] | |||||||
Number of common stock issued | 2,875,000 | ||||||
Purchase price of shares issued | $ 25,000 | ||||||
Number of shares transferred | 2,012,500 | ||||||
Lion Point [Member] | Initial Stockholders ("Founder Shares") [Member] | |||||||
Number of shares transferred | 862,500 | ||||||
Administrative Services Agreement [Member] | Sponsors [Member] | |||||||
Administrative fees | $ 10,000 | ||||||
Administrative Services Agreement [Member] | Sponsors [Member] | Accounts Payable and Accrued Expenses [Member] | |||||||
Payment for administrative fees | $ 5,000 |