DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS (Details Narrative) - USD ($) |
6 Months Ended | ||||
|---|---|---|---|---|---|
Mar. 20, 2018 |
Mar. 16, 2018 |
Jun. 30, 2018 |
Mar. 13, 2018 |
Dec. 31, 2017 |
|
| Proceeds from issuance of warrant private placement | $ 15,450,000 | $ 4,450,000 | |||
| Unit price (in dollars per unit) | $ 3.51 | ||||
| Net proceeds from issuance equity held in trust account | 15,150,000 | ||||
| Total net proceeds held in the trust account | $ 116,150,000 | ||||
| Transaction costs | $ 143,199 | ||||
| Underwriting fees | 2,300,000 | ||||
| Other cost | 431,946 | ||||
| Working capital | $ 298,711 | ||||
| Common stock subject to redemption share price held in trust account (in dollars per share) | 20.00% | ||||
| Minimum percentage of trust account required for business combination | 80.00% | ||||
| Percentage of outstanding voting securities | 50.00% | ||||
| Amount of threshold tangible assets | $ 5,000,001 | ||||
| Description of business combination within the combination period |
The Company has until September 16, 2019 (or such later date as may be approved by stockholders) to consummate a Business Combination (the “Combination Period”). If the Company is unable to complete a Business Combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable), divided by the number of then outstanding Public Shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law. The proceeds deposited in the Trust Account could, however, become subject to claims of creditors. Therefore, the actual per-share redemption amount could be less than $10.10. |
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| Percentage of redemption of company's outstanding public shares | 100.00% | ||||
| Initial Public Offering [Member] | |||||
| Number of units issued in transaction | 11,500,000 | 10,000,000 | |||
| Gross proceeds from issuance offering | $ 100,000,000 | ||||
| Unit price (in dollars per unit) | $ 10.00 | $ 10.00 | |||
| Net proceeds from issuance equity held in trust account | $ 101,000,000 | ||||
| Transaction costs | $ 2,731,946 | ||||
| Private Placement [Member] | |||||
| Number of units issued in transaction | 45,000 | 750,000 | |||
| Proceeds from issuance of warrant private placement | $ 450,000 | ||||
| Unit price (in dollars per unit) | $ 10.00 | ||||
| Private Placement [Member] | Warrant [Member] | Axis Public Ventures [Member] | |||||
| Number of units issued in transaction | 400,000 | ||||
| Proceeds from issuance of warrant private placement | $ 4,000,000 | ||||
| Unit price (in dollars per unit) | $ 10.00 | ||||
| Over-Allotment Option [Member] | |||||
| Number of units issued in transaction | 1,500,000 |