Private Units (Details Narrative) - USD ($) |
3 Months Ended | |
---|---|---|
Mar. 31, 2020 |
Mar. 31, 2019 |
|
Number of sale of unit | 10,800,000 | 10,800,000 |
Sale of unit price per shares | $ 10.00 | |
Proceeds from private placement | $ 3,950,000 | |
Private Units [Member] | ||
Number of sale of unit | 395,000 | 395,000 |
Sale of unit price per shares | $ 10.00 | |
Proceeds from private placement | $ 3,950,000 | |
Private units issued, description | Each Private Unit consists of one ordinary share ("Private Share"), one right (the "Private Right") and one redeemable warrant (each, a "Private Warrant"). The proceeds from the Private Units have been added to the proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a Business Combination by July 31, 2020, the proceeds of the sale of the Private Units will be used to fund the redemption of the public shares (subject to the requirements of applicable law), and the Private Units and all underlying securities will expire worthless. |