0001144204-16-132608.txt : 20161109 0001144204-16-132608.hdr.sgml : 20161109 20161109103613 ACCESSION NUMBER: 0001144204-16-132608 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 44 CONFORMED PERIOD OF REPORT: 20160930 FILED AS OF DATE: 20161109 DATE AS OF CHANGE: 20161109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Axar Acquisition Corp. CENTRAL INDEX KEY: 0001615892 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 471434549 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36669 FILM NUMBER: 161983069 BUSINESS ADDRESS: STREET 1: 1330 AVENUE OF THE AMERICAS, STREET 2: SIXTH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: (212) 356-6130 MAIL ADDRESS: STREET 1: 1330 AVENUE OF THE AMERICAS, STREET 2: SIXTH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: AR CAPITAL ACQUISITION DATE OF NAME CHANGE: 20140805 10-Q 1 v452225_10q.htm FORM 10-Q

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 10-Q

(Mark One)

 

xQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the quarterly period ended September 30, 2016

OR

 

¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission file number: 001-36669

Axar Acquisition Corp.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   47-1434549
(State or Other Jurisdiction of
Incorporation or Organization)
  (I.R.S. Employer
Identification No.)

 

1330 Avenue of the Americas - 6th Floor
New York, New York
  10019
(Address of Principal Executive Office)   (Zip Code)

 

(212) 356-6130

(Registrant’s Telephone Number, Including Area Code)

 

AR Capital Acquisition Corp.

405 Park Avenue — 14th Floor, New York, New York 10022

(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (check one):

 

Large accelerated filer ¨

Accelerated filer x
Non-accelerated filer ¨ Smaller reporting company ¨
(Do not check if a smaller reporting company)

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes x No ¨

 

The number of shares of the registrant’s common stock, $0.0001 par value per share, outstanding as of November 9, 2016 was 8,506,111.

 

 

 

 

TABLE OF CONTENTS

 

  Page
PART I  
Item 1. Financial Statements (Unaudited)  
Condensed Balance Sheets 1
Condensed Statements of Operations 2
Condensed Statements of Cash Flows 3
Notes to Condensed Interim Financial Statements 4
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 13
Item 3. Quantitative and Qualitative Disclosures about Market Risk 15
Item 4. Controls and Procedures 15
PART II  
Item 1. Legal Proceedings 16
Item 1A. Risk Factors 16
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 16
Item 3. Defaults upon Senior Securities 16
Item 4. Mine Safety Disclosures 16
Item 5. Other Information 16
Item 6. Exhibits 17
Signatures

 

 

 

 

PART I

 

Item 1. Financial Statements.

 

AXAR ACQUISITION CORP.

 

CONDENSED BALANCE SHEETS

 

   September 30, 2016   December 31, 2015 
   (Unaudited)     
Assets          
Current assets:          
Cash  $381   $700,873 
Prepaid expenses and other assets   10,000    - 
Accounts receivable   -    2,817 
Total current assets   10,381    703,690 
Non-current assets:          
Cash and marketable securities held in Trust Account   240,202,043    240,018,972 
Total assets  $240,212,424   $240,722,662 
           
Liabilities and Shareholders’ Equity          
Current liabilities:          
Accrued expenses and accounts payable  $790,238   $135,937 
Due to affiliates   48,919    63,919 
Franchise tax payable   27,000    116,877 
Total current liabilities   866,157    316,733 
Deferred underwriting commissions and advisory fees   5,760,000    8,400,000 
Total liabilities   6,626,157    8,716,733 
           
Commitments          
Common stock subject to possible redemption; 22,858,626 and 22,700,592 shares (at redemption value of approximately $10.00 per share) as of September 30, 2016 and December 31, 2015, respectively   228,586,257    227,005,919 
           
Shareholders’ Equity:          
Preferred stock, $0.0001 par value, 1,000,000 authorized, none issued and outstanding   -    - 
Common stock, $0.0001 par value, 400,000,000 shares authorized, 7,141,374 and 7,299,408 shares subject to possible redemption) at September 30, 2016 and December 31, 2015, respectively   714    730 
Additional paid-in capital   7,336,664    6,276,986 
Accumulated deficit   (2,337,368)   (1,277,706)
Total shareholders’ equity   5,000,010    5,000,010 
Total Liabilities and Shareholders’ Equity  $240,212,424   $240,722,662 

 

The accompanying notes are an integral part of these condensed interim financial statements.

 

 1 

 

 

AXAR ACQUISITION CORP.

 

CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

 

   For the three months ended September 30,   For the nine months ended September 30, 
   2016   2015   2016   2015 
General and administrative  $173,528   $246,041   $1,350,367   $743,057 
Loss from operations   (173,528)   (246,041)   (1,350,367)   (743,057)
Interest income   110,532    2,496    290,705    7,599 
Net loss  $(62,996)  $(243,545)  $(1,059,662)  $(735,458)
                     
Weighted average shares outstanding, basic and diluted (1)   7,135,143    7,251,819    7,159,101    7,228,255 
                     
Basic and diluted net loss per ordinary share  $(0.01)  $(0.03)  $(0.15)  $(0.10)

 

(1) This number excludes an aggregate of up to 22,858,626 and 22,723,498 shares subject to possible conversion at September 30, 2016 and 2015, respectively

 

The accompanying notes are an integral part of these condensed interim financial statements.

 

 2 

 

 

AXAR ACQUISITION CORP.

 

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

 

   For the nine months ended end September 30, 
   2016   2015 
         
Cash Flows from Operating Activities          
Net loss  $(1,059,662)  $(735,458)
Adjustments to reconcile net loss to net cash used in operation activities:          
Interest earned on investments held in Trust Account   (290,574)   (6,639)
Changes in operating assets and liabilities:          
Prepaid expenses and other assets   (10,000)   14,633 
Accounts payable and accrued expenses   654,301    15,456 
Due to affiliates   (15,000)   (23,589)
Franchise tax payable   (89,877)   9,247 
Net cash used in operating activities   (810,812)   (726,350)
           
Cash Flows from Investing Activities          
Withdrawal of Trust Account funds for payment of Delaware franchise tax   107,503    - 
Net cash provided by investing activities   107,503    - 
           
Cash Flows from Financing Activities          
Reimbursement (payment) of offering costs   2,817    (13,700)
Net cash provided by financing activities   2,817    (13,700)
           
Net change in cash   (700,492)   (740,050)
           
Cash - beginning of the period   700,873    1,570,214 
Cash - ending of the period  $381   $830,164 
           
Supplemental disclosure of financing activities:          
Reversal of deferred underwriting commissions and advisory fees  $2,640,000   $- 
Receivable for offering costs  $-   $2,817 
           
Cash paid for interest  $-   $- 
Cash paid for taxes  $-   $- 

 

The accompanying notes are an integral part of these condensed interim financial statements.

 

 3 

 

 

 

AXAR ACQUISITION CORP.

NOTES TO CONDENSED INTERIM FINANCIAL STATEMENTS

September 30, 2016

(Unaudited)

 

1.Organization and Business Operations

 

Incorporation

 

Axar Acquisition Corp., formerly known as AR Capital Acquisition Corp., (the “Company”) was incorporated in Delaware on July 25, 2014.

 

Sponsor

 

The Company’s former sponsor is AR Capital, LLC (“ARC”), a Delaware limited liability company. Upon the change in management in October 2016, Axar Master Fund Ltd., a Cayman Islands exempted company, became the new sponsor (the “Sponsor”) (see Note 9).

 

Business Purpose

 

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses (“Initial Business Combination”). The Company has neither engaged in any operations nor generated significant revenue to date.

 

The Company’s management has broad discretion with respect to the Initial Business Combination. However, there is no assurance that the Company will be able to successfully effect an Initial Business Combination.

 

Financing

 

The registration statement for the Company’s initial public offering (the “Public Offering”, see Note 3) was declared effective by the Securities and Exchange Commission (the “SEC”) on October 1, 2014. On October 7, 2014, the Company consummated the Public Offering of 24,000,000 units (“Public Units” and, with respect to the common stock and warrants to purchase common stock included in the Public Units, the “Public Shares” and “Public Warrants”) at $10.00 per Public Unit, generated gross proceeds of $240 million and, in connection therewith, incurred offering costs of approximately $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined in Note 3), payable upon the consummation of the Initial Business Combination.

 

Simultaneously with the consummation of the Public Offering, ARC, the Company’s former sponsor, purchased 6,550,000 warrants (“Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement (“Private Placement”), generated gross proceeds of $6.55 million (see Note 4).

 

Additionally, ARC loaned $79,702 through the issuance of an unsecured promissory note (the “Note”) on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest and was repaid in full by the Company on October 8, 2014.

 

Trust Account

 

An aggregate of $240 million ($10.00 per Unit) from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was placed in a U.S. based trust account (the “Trust Account”) with Continental Stock Transfer & Trust Company acting as trustee. The funds held in the Trust Account can be invested only in U.S. government treasury securities with a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 of the Investment Company Act of 1940, as amended, which invest only in direct U.S. government treasury obligations.

 

The Company’s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay franchise and income taxes, none of the funds held in the Trust Account will be released until the earlier of: (i) the completion of the Initial Business Combination; or (ii) the redemption of 100% of the shares of common stock included in the units sold in the Public Offering if the Company is unable to complete an Initial Business Combination within 24 months from the closing of the Public Offering. In connection with the Extension (as defined in Note 9), the Company extended its liquidation date to (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on The Nasdaq Capital Market (“NASDAQ”), December 31, 2017. The Company expects to withdraw the interest earned from the funds held in the Trust Account to pay for franchise and income taxes.

 

 4 

 

 

Initial Business Combination

 

An Initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account, excluding deferred underwriting commissions, advisory fees and taxes payable on the income earned by the Trust Account, at the time of the agreement to enter into the Initial Business Combination.

 

The Company, after signing a definitive agreement for the Initial Business Combination, will either (i) seek stockholder approval of the Initial Business Combination at a meeting called for such purpose in connection with which stockholders may seek to redeem their Public Shares, regardless of whether they vote for or against the Initial Business Combination (provided they in fact vote for or against the Initial Business Combination), for cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the Initial Business Combination, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes, or (ii) provide stockholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to commencement of the tender offer, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes. The decision as to whether the Company will seek stockholder approval of the Initial Business Combination or will allow stockholders to sell their shares in a tender offer will be made by the Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek stockholder approval.

 

If the Company seeks stockholder approval, it will complete the Initial Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the Initial Business Combination. In the event the Company seeks stockholder approval or conducts redemptions pursuant to the tender offer rules, then in no event will the Company redeem its public shares in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of its public shares and the related Initial Business Combination, and instead may search for an alternate Initial Business Combination.

 

The Company had 24 months from the closing of the Public Offering to complete its Initial Business Combination. Following the approvals of the proposals at the Special Meeting (as defined in Note 9) in October 2016, the Company amended and restated its charter, pursuant to which it will have until (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017, to complete its Initial Business Combination (“Liquidation Date”). If the Company does not complete the Initial Business Combination within this period of time, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem 100% of the 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 on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then public shares outstanding, and (iii) as promptly as possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law, the balance of the Company’s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation. In the event of such distribution, it is possible that the per-share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the Public Offering.

 

Fiscal Year End

 

The Company has selected December 31 as its fiscal year end.

 

 5 

 

 

2.Significant Accounting Policies

 

Basis of Presentation

 

The accompanying unaudited interim financial statements of the Company should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on February 19, 2016. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all of the information and notes required by U.S. GAAP for a complete financial statement presentation. In the opinion of management, the interim financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of results for a full year.

 

Emerging Growth Company

 

Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) permits emerging growth companies to delay complying with new or revised financial accounting standards that do not yet apply to private companies (that is, those that have not had a Securities Act of 1933, as amended (the “Securities Act”), registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Investments Held in Trust Account

 

The amounts held in the Trust Account represent substantially all of the proceeds of the Public Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of an Initial Business Combination. As of September 30, 2016, there was approximately $202,000 of interest income held in the Trust Account available to be released to the Company to pay its tax obligation.

 

Going Concern Consideration

 

If the Company does not complete an Initial Business Combination by Liquidation Date, the Company will (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 common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about the Company’s ability to continue as a going concern.

 

There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete an Initial Business Combination within the required time period.

 

Net Loss Per Common Share

 

Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period, plus to the extent dilutive, the incremental number of shares of common stock to settle warrants, as calculated using the treasury stock method. As the Company reported a net loss for the three and nine months ended September 30, 2016, the effect of the 12,000,000 warrants issued in the Public Offering and 6,550,000 warrants issued to ARC in connection with the private placement have not been considered in the diluted loss per common share because their effect would be anti-dilutive. An aggregate of 22,858,626 and 22,723,498 common stock subject to possible redemption at September 30, 2016 and 2015, respectively, have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the earnings in the Trust Account. As a result, diluted loss per common share is the same as basic loss per common share for the period.

 

 6 

 

 

Fair Value of Financial Instruments

 

The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented on the Company’s accompanying Condensed Balance Sheets.

 

Offering Costs

 

The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred in connection with the Public Offering and that were charged to stockholders’ equity. Upon the consummation of the Public Offering, an aggregate of $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined in Note 3) was charged to stockholders’ equity. In January 2016, upon the consultant’s inability to provide agreed services, an aggregate of $2.64 million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets (see Note 3).

 

Common Stock Subject to Possible Redemption

 

Under the Company’s amended and restated certificate of incorporation, all of the 24,000,000 Public Shares may be redeemed for cash in connection with the Company’s liquidation or a tender offer or stockholder approval in connection with an Initial Business Combination. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of FASB ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem the common stock sold as part of the units in the Public Offering in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001.

 

The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock shall be affected by charges against additional paid-in capital in accordance with ASC 480.

 

Accordingly, at September 30, 2016 and December 31, 2015, 22,858,626 and 22,700,592, respectively, of the 24,000,000 Public Shares were classified outside of permanent equity at its redemption value.

 

Income Taxes

 

The Company complies with the accounting and reporting requirements of FASB ASC 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets when it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit or expense is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit or expense is then measured to be the highest tax benefit or expense that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits or expenses as of September 30, 2016. The Company’s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of September 30, 2016. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company is subject to income tax examinations by Federal, state and local taxing authorities for all tax years since inception.

 

Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. The provision of income taxes was deemed to be immaterial for the period ended December 31, 2015. For the three and nine months ended September 30, 2016, the effective rate was 0% due to the establishment of a full valuation allowance.

 

 7 

 

 

Recent Accounting Pronouncements

 

Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.

 

3.Public Offering

 

On October 7, 2014, the Company completed the Public Offering pursuant to which it sold 24,000,000 Public Units at a price of $10.00 per Unit, generated gross proceeds of $240 million. Offering costs associated with the Public Offering was approximately $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined below), payable upon the consummation of the Initial Business Combination. In January 2016, upon the consultant’s inability to provide agreed services, an aggregate of $2.64 million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets. Each Public Unit consists of one share of the Company’s common stock, $0.0001 par value per share, and one-half of one redeemable common stock purchase warrant, the Public Warrants. On October 7, 2016, following approval of the proposals at the Special Meeting (as defined in Note 9), the Company amended the warrant agreements for all of the 12,000,000 outstanding Public Warrants to convert all Public Warrants into right to receive $0.15 per Public Warrant, for an aggregate amount of $1.8 million, payable in cash of shares of the Company’s common stock at the discretion of the Company.

 

In addition to the underwriting discount paid upfront of $0.20 per Public Unit ($4.8 million in the aggregate) to the underwriters at the closing of the Public Offering, the Company agreed to pay additional fees (the “Deferred Fees”) of $8.4 million ($0.35 per Public Unit sold), comprised of (a) $5.76 million payable to the underwriters for deferred underwriting commissions and (b) $2.64 million payable to RCS Capital (“RCS”), a division of Realty Capital Securities, LLC, an entity then under common control with ARC, for financial advisory services in connection with the identification, evaluation, negotiation and completion of the Initial Business Combination. The Deferred Fees are payable to the underwriters and RCS solely in the event the Company completes an Initial Business Combination. The underwriters and RCS are not entitled to any interest accrued on the Deferred Fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS’s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS’s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS’s inability to provide the services contemplated by the M&A Services Agreement (as defined below), the Company provided notice of termination of the M&A Services Agreement for cause. As a result, as of September 30, 2016, the Deferred Fees in the amount of $2.64 million are no longer be payable to RCS and were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets.

 

4.Related Party Transactions

 

Founder Shares

 

On August 1, 2014, ARC purchased 8,625,000 shares of the Company’s common stock (the “Founder Shares”) for $25,000, or approximately $0.003 per share. The Founder Shares are identical to the common stock included in the Public Units except that the Founder Shares are subject to certain transfer restrictions, as described in more detail below. On October 1, 2014, in connection with a reduction in the size of the Public Offering, ARC contributed to the Company 1,725,000 Founder Shares, which the Company canceled. Thereafter, ARC sold 20,000 Founder Shares at their original price to each of the Company’s independent directors. On December 5, 2014, as a result of the underwriters’ election not to exercise the overallotment option in connection with the Public Offering, the initial stockholders (as defined below) forfeited an aggregate of 900,000 Founder Shares, consisting of a forfeiture of 2,609 Founder Shares by each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich, and a forfeiture of 892,173 Founder Shares by ARC. As a result of the forfeiture, ARC held 5,947,827 Founder Shares, and each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich held 17,391 Founder Shares, so that there were 6,000,000 Founder Shares outstanding. The number of Founder Shares represented 20% of the outstanding shares. In October 2016, pursuant to the Transfer Agreement (as defined in Note 9), ARC transferred all of its Founder Shares and Private Placement Warrants to the Company’s Sponsor.

 

The Founder Shares are identical to the common stock included in the Public Units sold in the Public Offering except that the Founder Shares are subject to certain transfer restrictions. The Company’s stockholder prior to the Public Offering, including their subsequent transferees (collectively, the “initial stockholders”) have agreed not to transfer, assign or sell any of their Founder Shares until the earlier of (a) one year after the completion of the Initial Business Combination, or earlier if, subsequent to the Initial Business Combination, the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the consummation of the Initial Business Combination or (b) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property (the “Lock Up Period”).

 

 8 

 

 

   Ownership of Founder Shares 
   ARC   Independent
Directors
   Total Founder
Shares
 
Sale of common stock to initial stockholder on August 1, 2014   8,625,000        8,625,000 
Forfeiture of shares on October 1, 2014(1)   (1,725,000)       (1,725,000)
Sale of Founder Shares to Company’s independent directors on October 1, 2014   (60,000)   60,000     
Forfeiture of shares on December 5, 2014(2)   (892,173)   (7,827)   (900,000)
    5,947,827    52,173    6,000,000 

 

 

(1) In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares.

 

(2) As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares.

 

Private Placement Warrants

 

On October 7, 2014, ARC purchased from the Company an aggregate of 6,550,000 Private Placement Warrants at a price of $1.00 per Warrant (for an aggregate purchase price of $6.55 million) in a Private Placement that occurred simultaneously with the completion of the Public Offering. Each Private Placement Warrant entitles the holder to purchase one share of common stock at $12.50 per share, as amended upon approval of the proposals at the Special Meeting (as defined in Note 9). Of the $6.55 million purchase price of the Private Placement Warrants, $4.3 million of the purchase price of the Private Placement Warrants was added to the proceeds from the Public Offering to be held in the Trust Account pending completion of the Initial Business Combination.

 

The Private Placement Warrants (including the common stock issuable upon exercise of the Private Placement Warrants) will not be transferable, assignable or salable until 30 days after the completion of the Initial Business Combination and they will be non-redeemable so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees. In addition, the Private Placement Warrants are exercisable on a cashless basis so long as they are held by their initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers of the Private Placement Warrants or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the warrants included in the Public Units. Otherwise, the Private Placement Warrants have terms and provisions that are identical to those of the warrants included in the Public Units and have no net cash settlement provisions.

 

If the Company does not complete an Initial Business Combination, then the proceeds from the sale of the Private Placement Warrants will be part of the liquidating distribution to the public stockholders and the Private Placement Warrants will expire worthless.

 

Loans from Related Parties

 

ARC agreed to loan the Company up to an aggregate of $200,000 by the issuance of the Note on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest upon the consummation of the Public Offering. From inception through October 7, 2014, ARC loaned $79,702 to the Company. The Note was repaid in full on October 8, 2014. Additionally, the Company had a due to affiliate of $88,800 to ARC for costs incurred by the Company, which was repaid on October 8, 2014.

 

Administrative Services Agreement

 

On September 8, 2014, the Company entered into an agreement to pay RCS Advisory Services, LLC (“RCS Advisory”), an entity then under common control with ARC, a total of $10,000 per month for office space, utilities, secretarial support and administrative services commencing on the date the Company’s securities are first listed on NASDAQ. Upon the earlier of the completion of the Initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS Advisory’s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS’s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS Advisory’s inability to provide the services contemplated by the administrative services agreement, the Company provided notice of termination of the administrative services agreement. The space formerly sublet by RCS Advisory for the Company’s office space was leased by ARC and provided to the Company free of charge. During the three and nine months ended September 30, 2016, the Company incurred $0 related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $30,000 and $90,000, respectively, related to services under this agreement. Upon the change in management in October 2016 (Note 9), the office space was no longer in use.

 

 9 

 

 

Compensation Reimbursement Agreement

 

On October 1, 2014, the Company entered into an agreement to pay ARC an amount not to exceed $15,000 per month as reimbursement for a portion of the compensation paid to its personnel, including certain of the Company’s officers who work on the Company’s behalf, commencing on the date the Company’s securities are first listed on NASDAQ (the “Compensation Reimbursement Agreement”). During the three and nine months ended September 30, 2016, the Company incurred $45,000 and $135,000, respectively, related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $45,000 and $135,000, respectively, related to services under this agreement.

 

On October 7, 2016, this arrangement was terminated, and ARC agreed that all amounts owed under such arrangement as of such date, or approximately $50,000, were contributed to capital (see Note 9).

 

Registration Rights Agreement

 

The holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any shares of common stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights pursuant to a registration rights agreement signed on October 1, 2014 (the “Registration Rights Agreement”). The holders of the majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the Company’s completion of the Initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the Registration Rights Agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (a) in the case of the Founder Shares, one year after the date of the consummation of the Initial Business Combination or earlier if, subsequent to the Initial Business Combination, (i) the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Initial Business Combination, or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders having the right to exchange their shares of common stock for cash, securities or other property and (b) in the case of the Private Placement Warrants and the respective common stock underlying such Private Placement Warrants, 30 days after the completion of the Initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.

 

 10 

 

 

5.Deferred Underwriting Commissions

 

The Company is committed to pay a portion of the Deferred Fees totaling $5.76 million, or 2.4% of gross offering proceeds of the Public Offering, to the underwriters upon the Company’s consummation of an Initial Business Combination. The underwriters will not be entitled to any interest accrued on their portion of the Deferred Fees, and no portion of the Deferred Fee is payable to the underwriters if there is no Initial Business Combination.

 

6.Trust Account

 

A total of $240 million from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was been placed in the Trust Account. As of September 30, 2016 and December 31, 2015, the balance in the Trust Account was approximately $240.2 million and $240 million, respectively. For the three and nine months ended September 30, 2016, the Company withdrew $0 and $107,503, respectively, in funds from interest earned on the trust proceeds to pay for franchise taxes. No amounts were withdrawn for the three and nine months ended September 30, 2015.

 

7.Fair Value Measurements

 

The Company complies with ASC 820, “Fair Value Measurement”, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.

 

The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:

 

Description  September 30, 2016   Quoted Prices in
Active Markets
(Level 1)
   Significant Other
Observable
Inputs (Level 2)
   Significant Other
Unobservable
Inputs (Level 3)
 
Assets:                
Money market funds held in Trust Account  $240,202,043   $240,202,043   $   $ 

 

Description  December 31, 2015   Quoted Prices in
Active Markets
(Level 1)
   Significant Other
Observable
Inputs (Level 2)
   Significant Other
Unobservable
Inputs (Level 3)
 
Assets:                
Money market funds held in Trust Account  $240,018,972   $240,018,972   $   $ 

 

8.Stockholder’s Equity

 

Common Stock - The authorized common stock of the Company includes up to 400,000,000 shares. Holders of the Company’s common stock are entitled to one vote for each share of common stock. At September 30, 2016 and December 31, 2015, there were 30,000,000 shares of common stock outstanding, including 22,858,626 and 22,700,592 shares that were subject to possible redemption at September 30, 2016 and December 31, 2015, respectively.

 

Preferred Stock - The authorized preferred stock of the Company includes up to 1,000,000 shares. At September 30, 2016 and December 31, 2015, there were no shares of preferred stock issued and outstanding.

 

9.Subsequent Events

 

Special Meeting

 

On October 6, 2016, the Company held a special meeting of stockholders public warrantholders (“Special Meeting”). Following the approval of the proposals at the Special Meeting, the Company filed an amendment to its amended and restated certificate of incorporation to: (i) extend the date by which it must complete an Initial Business Combination to (a) October 1, 2017 or (b) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017 (“Extension”), and (ii) to change the Company’s name from “AR Capital Acquisition Corp.” to “Axar Acquisition Corp.”

 

 11 

 

 

At the Special Meeting, shareholders holding 21,493,889 Public Shares exercised their right to convert such Public Shares into a pro rata portion of the Trust Account. As a result, an aggregate of approximately $215 million (or approximately $10.00 per share) were removed from the Trust Account to pay such holders.

 

On October 7, 2016, following approval of the proposals at the Special Meeting, the Company amended the warrant agreements for all of the 12,000,000 outstanding Public Warrants to: (i) convert all Public Warrants into right to receive $0.15 per Public Warrant, for an aggregate amount of $1.8 million, payable in cash or shares of the Company’s common stock at the discretion of the Company, and (ii) increase the exercise price of the Private Placement Warrants from 11.50 to $12.50 per share. In addition, the Company’s Board of Directors declared a dividend on the Company’s common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share (each a “New Warrant”). The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which the Company completes an Initial Business Combination and (ii) October 17, 2017. The Company’s independent directors agreed to waive their right to receive the dividend. As a result, the Company has issued an aggregate of 1,253,055 New Warrants in October 2016.

 

Agreements with Sponsor

 

Pursuant to the agreement by and among the Company in October 2016 (“Transfer Agreement”), ARC, the Company’s former sponsor (ARC), transferred all of its Founder Shares (as defined in Note 4) and Private Placement Warrants to the Company’s Sponsor, Axar Master Fund Ltd. Upon consummation of the Initial Business Combination, the Sponsor agreed to automatically forfeit, for no consideration, a number of Founder Shares equal to the excess of (if positive) of (a) 6,000,000 over (b) 25% of the sum of (i) total Public Shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero.

 

Effective upon the closing of the Transfer Agreement, (i) Andrew Axelrod was appointed as Chief Executive Officer and Executive Chairman of the Board of Directors, Lionel Benichou was appointed as Chief Financial Officer, and (ii) Nicholas S. Schorsch, Nicholas Radesca and William Kahane each resigned from their positions as officers and directors of the Company.

 

Also on October 7, 2016, ARC agreed to terminate its Compensation Reimbursement Agreement with the Company and agreed that all amounts owed under such arrangements, or approximately $50,000, were contributed to capital. In addition, ARC contributed approximately $770,000 to capital in October 2016 to pay for the Company’s outstanding payables.

 

Pursuant to the Transfer Agreement, the Sponsor agreed to lend the Company on January 1, 2017 and on the first business day of each of the following three fiscal quarters commencing thereafter (or, if the Extension date is October 1, 2017, the following two fiscal quarters commencing thereafter) approximately $125,300, which amounts will be deposited in the Trust Account. The Sponsor has also agreed to lend the Company up to $2 million for working capital and other expenses. The Loans will be non-interest bearing and repayable by the Company to the Sponsor upon consummation of an Initial Business Combination. If a Business Combination is not consummated, the note will not be repaid by the Company and all amounts owed thereunder by the Company will be forgiven, except to the extent that the Company had funds available outside of the Trust Account.

 

 12 

 

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

 

References to the “Company,” “we,” “our” and “us” refer to Axar Acquisition Corp. (f/k/a AR Capital Acquisition Corp.). The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the condensed financial statements and the notes thereto contained elsewhere in this report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

 

Special Note Regarding Forward-Looking Statements

 

All statements other than statements of historical fact included in this Form 10-Q including, without limitation, statements under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans and objectives of management for future operations, are forward-looking statements. When used in this Form 10-Q, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or the Company’s management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in our filings with the Securities and Exchange Commission (the “SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on the Company’s behalf are qualified in their entirety by this paragraph.

 

Overview

 

We are a blank check company incorporated on July 25, 2014 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses (“Initial Business Combination”). We intend to effectuate our Initial Business Combination using cash from the proceeds of a public offering (the “Public Offering”) and the sale of warrants in a private placement that occurred simultaneously with the consummation of the Public Offering (the “Private Placement Warrants”), our capital stock, debt or a combination of cash, stock and debt. Our management has broad discretion with respect to the Initial Business Combination. However, there is no assurance that we will be able to successfully effect an Initial Business Combination. Upon consummation of the Public Offering and the sale of the Private Placement Warrants, $240 million was placed in a trust account (the “Trust Account”) with Continental Stock Transfer & Trust Company acting as trustee.

 

On October 6, 2016, we held a special meeting of stockholders public warrantholders (“Special Meeting”). Following the approval of the proposals at the Special Meeting, we filed an amendment to our amended and restated certificate of incorporation to: (i) extend the date by which we must complete an Initial Business Combination to (a) October 1, 2017 or (b) if prior to October 1, 2017, we publicly disclose that an extension past October 1, 2017 will not prevent us from maintaining the listing of our securities on NASDAQ, December 31, 2017 (“Extension”), and (ii) to change our company’s name from “AR Capital Acquisition Corp.” to “Axar Acquisition Corp.”

 

In connection with the Extension, (i) Andrew Axelrod was appointed as Chief Executive Officer and Executive Chairman of the Board of Directors, Lionel Benichou was appointed as Chief Financial Officer, and (ii) Nicholas S. Schorsch, Nicholas Radesca and William Kahane each resigned from their positions as officers and directors of our company. Pursuant to the agreement by and among us, AR Capital, LLC, our former sponsor (“ARC”), transferred all of its founder shares and Private Placement Warrants to our new sponsor, Axar Master Fund Ltd. (the “Sponsor”). Upon consummation of the Initial Business Combination, the Sponsor agreed to automatically forfeit, for no consideration, a number of founder shares equal to the excess of (if positive) of (a) 6,000,000 over (b) 25% of the sum of (i) total public shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by us in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Initial Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero.

 

In addition, ARC agreed to terminate its Compensation Reimbursement Agreement with us and agreed that all amounts owed under such arrangements, or approximately $50,000, were contributed to capital.

 

At the Special Meeting, shareholders holding 21,493,889 public shares exercised their right to convert their public shares into a pro rata portion of the Trust Account. As a result, an aggregate of approximately $215 million (or approximately $10.00 per share) were removed from the Trust Account to pay such holders.

 

 13 

 

 

On October 7, 2016, following approval of the proposals at the Special Meeting, we amended the warrant agreements for all of the 12,000,000 outstanding Public Warrants to: (i) convert all Public Warrants into right to receive $0.15 per Public Warrant, for an aggregate amount of $1.8 million, payable in cash or shares of our common stock at our discretion, and (ii) increase the exercise price of the Private Placement Warrants from 11.50 to $12.50 per share. In addition, our Board of Directors declared a dividend on our common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share (each a “New Warrant”). The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which we complete an Initial Business Combination and (ii) October 17, 2017. Our independent directors agreed to waive their right to receive the dividend. As a result, we issued an aggregate of 1,253,055 New Warrants in October 2016.

 

Results of Operations

 

For the three and nine months ended September 30, 2016, we had a net loss of approximately $63,000 and $1 million, respectively. For the three and nine months ended September 30, 2015, we had a net loss of approximately $244,000 and $735,000, respectively. Through September 30, 2016, our efforts have been limited to organizational activities, activities relating to our Public Offering, activities relating to identifying and evaluating prospective acquisition candidates and activities relating to general corporate matters. We have not generated any revenues, other than interest income earned on the proceeds held in the Trust Account and cash outside of the Trust Account. Through September 30, 2016, we withdrew $107,503 in funds from the interest earned from the Trust Account proceeds to pay for franchise taxes. As of September 30, 2016, we had cash held outside of the Trust Account of $381, which is available to fund our working capital requirements.

 

Liquidity and Capital Resources

 

As of September 30, 2016, we had cash balance of $381, and approximately $202,000 in interest income available to be released to us from the investments in Trust Account for tax obligations.

 

Through September 30, 2016, our liquidity needs have been satisfied through receipt of a $25,000 capital contribution from the ARC in exchange for the issuance of the founder shares, $79,702 in loans from ARC and approximately $88,000 due to affiliate, which were fully paid on October 8, 2014, and the proceeds not held in Trust resulted from the consummation of the Public Offering and the Private Placement.

 

Effective October 2016, the Sponsor agreed to lend us on January 1, 2017 and on the first business day of each of the following three fiscal quarters commencing thereafter (or, if the Extension date is October 1, 2017, the following two fiscal quarters commencing thereafter) approximately $125,300 (the “Trust Loans”), which amounts will be deposited in the Trust Account. The Sponsor has also agreed to lend us up to $2 million for working capital and other expenses (together with the Trust Loans, the “Loans”). The Loans will be non-interest bearing and repayable by the Company to the Sponsor upon consummation of an Initial Business Combination. If a Business Combination is not consummated, the note will not be repaid by us and all amounts owed thereunder by us will be forgiven, except to the extent that we had funds available outside of the Trust Account.

 

If we do not complete an Initial Business Combination by (i) October 1, 2017 or (ii) if prior to October 1, 2017, we publicly discloses that an extension past October 1, 2017 will not prevent us from maintaining the listing of its securities on NASDAQ, December 31, 2017, we will (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 common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to us to pay our franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 our remaining stockholders and our board of directors, dissolve and liquidate, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about our ability to continue as a going concern.

 

There will be no redemption rights or liquidating distributions with respect to our Private Placement Warrants and the New Warrants, which will expire worthless if we fail to complete an Initial Business Combination within the required time period.

 

On October 7, 2016, ARC agreed to terminate its compensation reimbursement agreement with us, pursuant to which we were to pay ARC an amount not to exceed $15,000 per month. ARC also agreed that all amounts owed under such arrangements, or approximately $50,000, were contributed to capital. In addition, ARC contributed approximately $770,000 to capital in October 2016 to pay for our outstanding payables.

 

Off-balance sheet financing arrangements

 

We have no obligations, assets or liabilities which would be considered off-balance sheet arrangements. We do not participate in transactions that create relationships with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established for the purpose of facilitating off-balance sheet arrangements.

 

 14 

 

 

We have not entered into any off-balance sheet financing arrangements, established any special purpose entities, guaranteed any debt or commitments of other entities, or entered into any non-financial agreements involving assets.

 

Contractual obligations

 

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities other than an administrative agreement to pay RCS Advisory Services, LLC (“RCS Advisory”), an entity previously under common control with ARC, a total of $10,000 per month for office space, utilities, secretarial support and administrative services and a compensation reimbursement agreement to pay ARC an amount not to exceed $15,000 per month as reimbursement for a portion of the compensation paid to its personnel, including certain of our officers who work on our behalf, commencing on the date our securities are first listed on The NASDAQ Capital Market. Upon the earlier of the completion of the Initial Business Combination or the Company’s liquidation, we will cease paying these monthly fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS Advisory’s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS’s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS Advisory’s inability to provide the services contemplated by the administrative services agreement, we provided notice of termination of the administrative services agreement. The space formerly sublet by RCS Advisory for our office space was leased by ARC and, as of September 30, 2016 was provided to us free of charge. Upon the change in management in October 2016, the office space was no longer in use.

 

Significant Accounting Estimates and Critical Accounting Policies

 

A summary of our accounting policies is set forth in Note 2 of the Notes to the Condensed Interim Financial Statements included in Part I, Item 1 of this report and our Annual Report on Form 10-K for the year ended December 31, 2015 under “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Significant Accounting Estimates and Critical Accounting Policies.”

 

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

 

Market risk is the sensitivity of income to changes in interest rates, foreign exchanges, commodity prices, equity prices and other market driven rates or prices. We are not presently engaged in and, if we do not consummate a suitable business combination prior to the prescribed liquidation date of the Trust Account, we may not engage in, any substantive commercial business. Accordingly, we are not and, until such time as we consummate a business combination, we will not be, exposed to risks associated with foreign exchange rates, commodity prices, equity prices or other market driven rates or prices. The net proceeds of our initial public offering held in the Trust Account may be invested by the trustee only in permitted United States “government securities” within the meaning of Section 2(a)(16) of the Investment Company Act, having a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations. Given our limited risk in our exposure to government securities and money market funds, we do not view the interest rate risk to be significant.

 

Item 4. Controls and Procedures.

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in Company reports filed or submitted under the Exchange Act is accumulated and communicated to management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

 

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of September 30, 2016. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were effective.

 

During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

 15 

 

 

PART II

Item 1. Legal Proceedings.

 

None.

 

Item 1A. Risk Factors.

 

Factors that could cause our actual results to differ materially from those in this Quarterly Report on Form 10-Q are any of the risks described in our Annual Report on Form 10-K filed with the SEC on February 19, 2016 (our “Annual Report”). Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. As of the date of this Quarterly Report on Form 10-Q, there have been no material changes to the risk factors disclosed in our Annual Report, except we may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

 

None.

 

Item 3. Defaults upon Senior Securities.

 

Not applicable.

 

Item 4. Mine Safety Disclosures.

 

Not applicable.

 

Item 5. Other Information.

 

Not applicable.

 

 16 

 

 

Item 6. Exhibits.

 

Exhibit
Number
  Description
31.1   Certification of Chief Executive Officer and Director Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
31.2   Certification of Chief Financial Officer, Treasurer and Secretary Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
     
32.1   Certification of Chief Executive Officer and Director Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
32.2   Certification of Chief Financial Officer, Treasurer and Secretary Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
     
101.INS   XBRL Instance Document
101.SCH   XBRL Taxonomy Extension Schema Document
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document
101.LAB   XBRL Taxonomy Extension Label Linkbase Document
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document

 

 17 

 

 

AXAR ACQUISITION CORP.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  AXAR ACQUISITION CORP.
   
   
Dated: November 9, 2016 By: /s/ Andrew Axelrod
  Name: Andrew Axelrod
  Title: Chief Executive Officer and Director
  (Principal Executive Officer)
   
   
Dated: November 9, 2016 By: /s/ Lionel Benichou
  Name: Lionel Benichou
  Title: Chief Financial Officer, Treasurer and Secretary
  (Principal Financial Officer and Principal Accounting Officer)

 

 

 

EX-31.1 2 v452225_ex31-1.htm EXHIBIT 31.1

 

Exhibit 31.1

CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

I, Andrew Axelrod, certify that:

 

1.           I have reviewed this quarterly report on Form 10-Q of Axar Acquisition Corp;

 

2.           Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.           Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.           The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)[Paragraph intentionally omitted in accordance with SEC Release Nos. 34-47986 and 34-54942];

 

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.          The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)             All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b)             Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 9, 2016

 

  /s/ Andrew Axelrod
  Name:  Andrew Axelrod
  Title: Chief Executive Officer and Director
    (Principal Executive Officer)

 

 

 

EX-31.2 3 v452225_ex31-2.htm EXHIBIT 31.2

 

Exhibit 31.2

CERTIFICATION

PURSUANT TO RULE 13a-14 AND 15d-14

UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

I, Lionel Benichou, certify that:

 

1.           I have reviewed this quarterly report on Form 10-Q of Axar Acquisition Corp;

 

2.           Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.           Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4.           The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b)[Paragraph intentionally omitted in accordance with SEC Release Nos. 34-47986 and 34-54942];

  

(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.          The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a)             All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b)             Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: November 9, 2016

 

  /s/ Lionel Benichou
  Name:  Lionel Benichou
  Title: Chief Financial Officer,
Treasurer and Secretary
    (Principal Financial Officer and
Principal Accounting Officer)

 

 

EX-32.1 4 v452225_ex32-1.htm EXHIBIT 32.1

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

 

I, Andrew Axelrod, Chief Executive Officer and Director of Axar Acquisition Corp. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to the best of my knowledge:

 

(1)the Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

 

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 9, 2016

 

  /s/ Andrew Axelrod
  Name:  Andrew Axelrod
  Title: Chief Executive Officer and Director
    (Principal Executive Officer)

 

 

EX-32.2 5 v452225_ex32-2.htm EXHIBIT 32.2

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. 1350

(SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002)

 

I, Lionel Benichou, Chief Financial Officer, Treasurer and Secretary of Axar Acquisition Corp. (the “Company”), certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, 18 U.S.C. Section 1350, that, to the best of my knowledge:

 

(1)the Quarterly Report on Form 10-Q of the Company for the quarter ended September 30, 2016 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a) or 78o(d)); and

 

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: November 9, 2016

 

  /s/ Lionel Benichou
  Name:  Lionel Benichou
  Title: Chief Financial Officer,
Treasurer and Secretary
    (Principal Financial Officer and
Principal Accounting Officer)

 

 

EX-101.INS 6 axar-20160930.xml XBRL INSTANCE DOCUMENT 0001615892 2015-01-01 2015-09-30 0001615892 2016-01-01 2016-09-30 0001615892 2015-07-01 2015-09-30 0001615892 2016-07-01 2016-09-30 0001615892 2014-08-01 0001615892 2016-09-30 0001615892 2014-10-07 0001615892 2014-10-07 2014-10-07 0001615892 2016-11-09 0001615892 2015-12-31 0001615892 2014-12-31 0001615892 2015-09-30 0001615892 us-gaap:IPOMember 2014-10-07 0001615892 us-gaap:WarrantMember us-gaap:PrivatePlacementMember 2014-10-07 0001615892 us-gaap:UnsecuredDebtMember 2014-08-01 0001615892 us-gaap:IPOMember 2016-01-01 2016-09-30 0001615892 us-gaap:WarrantMember 2016-01-01 2016-09-30 0001615892 us-gaap:WarrantMember us-gaap:InvestorMember 2016-01-01 2016-09-30 0001615892 us-gaap:WarrantMember 2016-07-01 2016-09-30 0001615892 us-gaap:WarrantMember us-gaap:InvestorMember 2016-07-01 2016-09-30 0001615892 us-gaap:IPOMember 2016-09-30 0001615892 us-gaap:InvestorMember 2014-08-01 2014-08-01 0001615892 axar:IndependentDirectorMember 2014-08-01 2014-08-01 0001615892 axar:FounderMember 2014-08-01 2014-08-01 0001615892 us-gaap:InvestorMember 2014-10-01 2014-10-01 0001615892 axar:IndependentDirectorMember 2014-10-01 2014-10-01 0001615892 axar:FounderMember 2014-10-01 2014-10-01 0001615892 us-gaap:InvestorMember 2014-12-05 2014-12-05 0001615892 axar:IndependentDirectorMember 2014-12-05 2014-12-05 0001615892 axar:FounderMember 2014-12-05 2014-12-05 0001615892 us-gaap:InvestorMember 2016-09-30 0001615892 axar:IndependentDirectorMember 2016-09-30 0001615892 axar:FounderMember 2016-09-30 0001615892 us-gaap:InvestorMember 2014-08-01 0001615892 axar:SharesForfeitedbyFounderMember axar:FounderMember 2014-12-05 2014-12-05 0001615892 axar:SharesForfeitedbyDavidGongMember us-gaap:InvestorMember 2014-12-05 2014-12-05 0001615892 axar:SharesForfeitedbySponsorMember us-gaap:InvestorMember 2014-12-05 2014-12-05 0001615892 us-gaap:InvestorMember 2014-12-05 0001615892 us-gaap:InvestorMember 2014-10-01 0001615892 us-gaap:InvestorMember 2014-10-07 0001615892 us-gaap:InvestorMember 2014-10-07 2014-10-07 0001615892 us-gaap:WarrantMember us-gaap:InvestorMember 2014-10-01 2014-10-01 0001615892 us-gaap:InvestorMember 2014-10-08 0001615892 axar:OfficeSpaceUtilitiesSecretarialSupportandAdministrativeServicesMember us-gaap:IPOMember us-gaap:AffiliatedEntityMember 2014-09-08 2014-09-08 0001615892 axar:ReimbursementforCompensationMember us-gaap:IPOMember us-gaap:AffiliatedEntityMember 2014-10-01 2014-10-01 0001615892 us-gaap:InvestorMember us-gaap:SubsequentEventMember 2016-10-01 2016-10-07 0001615892 us-gaap:FairValueMeasurementsRecurringMember 2016-09-30 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2016-09-30 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2016-09-30 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2016-09-30 0001615892 us-gaap:FairValueMeasurementsRecurringMember 2015-12-31 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2015-12-31 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2015-12-31 0001615892 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2015-12-31 0001615892 us-gaap:CommonStockMember 2016-09-30 0001615892 us-gaap:CommonStockMember 2015-12-31 0001615892 us-gaap:PreferredStockMember 2016-09-30 0001615892 us-gaap:PreferredStockMember 2015-12-31 0001615892 us-gaap:IPOMember 2014-10-02 2014-10-31 0001615892 us-gaap:PrivatePlacementMember us-gaap:WarrantMember 2014-10-02 2014-10-31 0001615892 us-gaap:SubsequentEventMember 2016-10-01 2016-10-06 0001615892 us-gaap:SubsequentEventMember 2016-10-06 0001615892 axar:PublicWarrantsMember us-gaap:SubsequentEventMember 2016-10-07 0001615892 axar:PublicWarrantsMember us-gaap:SubsequentEventMember 2016-10-01 2016-10-07 0001615892 axar:PrivateWarrantsMember us-gaap:MinimumMember us-gaap:SubsequentEventMember 2016-10-07 0001615892 axar:PrivateWarrantsMember us-gaap:MaximumMember us-gaap:SubsequentEventMember 2016-10-07 0001615892 axar:TrustAccountMember 2016-01-01 2016-09-30 0001615892 us-gaap:SubsequentEventMember 2016-10-01 2016-10-07 0001615892 us-gaap:SubsequentEventMember axar:SharesForfeitedbyFounderMember 2016-10-01 2016-10-31 0001615892 us-gaap:SubsequentEventMember 2016-10-01 2016-10-31 0001615892 axar:January012017Member 2016-09-30 0001615892 axar:UnderwriterMember 2016-01-31 0001615892 axar:PublicWarrantsMember 2016-10-07 0001615892 axar:PublicWarrantsMember 2016-10-01 2016-10-07 0001615892 us-gaap:IPOMember axar:UnderwriterMember 2014-10-07 0001615892 us-gaap:IPOMember axar:RCSCapitalMember 2014-10-07 0001615892 axar:SharesForfeitedbyFounderMember us-gaap:InvestorMember 2014-12-05 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure 10-Q false 2016-09-30 2016 Q3 Axar Acquisition Corp. 0001615892 --12-31 Accelerated Filer AXAR 8506111 381 700873 10000 0 0 2817 10381 703690 240202043 240018972 240212424 240722662 790238 135937 48919 63919 27000 116877 866157 316733 5760000 8400000 6626157 8716733 228586257 227005919 0 0 714 730 7336664 6276986 -2337368 -1277706 5000010 5000010 240212424 240722662 22858626 22700592 10.00 10.00 0.0001 0.0001 1000000 1000000 0 0 0 0 0.0001 0.0001 400000000 400000000 7141374 7141374 7299408 7299408 173528 246041 1350367 743057 -173528 -246041 -1350367 -743057 110532 2496 290705 7599 -62996 -243545 -1059662 -735458 7135143 7251819 7159101 7228255 -0.01 -0.03 -0.15 -0.10 290574 6639 10000 -14633 654301 15456 -15000 -23589 -89877 9247 107503 0 107503 0 -810812 -726350 2817 -13700 2817 -13700 -700492 -740050 700873 1570214 381 830164 2640000 0 0 2817 0 0 0 0 10.00 1.00 79702 0.8 5000001 P24M 100000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Basis of Presentation</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The accompanying unaudited interim financial statements of the Company should be read in conjunction with the audited financial statements and notes thereto included in the Company&#8217;s Annual Report on Form 10-K filed with the SEC on February 19, 2016. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all of the information and notes required by U.S. GAAP for a complete</font> <font style="FONT-SIZE: 10pt">financial statement presentation. In the opinion of management, the interim financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of results for a full year.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Net Loss Per Common Share</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period, plus to the extent dilutive, the incremental number of shares of common stock to settle warrants, as calculated using the treasury stock method. As the Company reported a net loss for the three and nine months ended September 30, 2016, the effect of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,000,000</font></font> warrants issued in the Public Offering and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,550,000</font></font> warrants issued to ARC in connection with the private placement have not been considered in the diluted loss per common share because their effect would be anti-dilutive. An aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,858,626</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,723,498</font> common stock subject to possible redemption at September 30, 2016 and 2015, respectively, have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the earnings in the Trust Account. As a result, diluted loss per common share is the same as basic loss per common share for the period.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><font style="FONT-SIZE: 10pt">Common Stock Subject to Possible Redemption</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Under the Company&#8217;s amended and restated certificate of incorporation, all of the 24,000,000 Public Shares may be redeemed for cash in connection with the Company&#8217;s liquidation or a tender offer or stockholder approval in connection with an Initial Business Combination. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity&#8217;s equity instruments, are excluded from the provisions of FASB ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem the common stock sold as part of the units in the Public Offering in an amount that would cause its net tangible assets (stockholders&#8217; equity) to be less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5,000,001</font>.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock shall be affected by charges against additional paid-in capital in accordance with ASC 480.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Accordingly, at September 30, 2016 and December 31, 2015, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,858,626</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,700,592</font>, respectively, of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 24,000,000</font> Public Shares were classified outside of permanent equity at its redemption value.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Income Taxes</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company complies with the accounting and reporting requirements of FASB ASC 740, &#8220;Income Taxes,&#8221; which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets when it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. FASB Interpretation No. 48, &#8220;Accounting for Uncertainty in Income Taxes&#8221; (&#8220;FIN 48&#8221;) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit or expense is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit or expense is then measured to be the highest tax benefit or expense that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits or expenses as of September 30, 2016. The Company&#8217;s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of September 30, 2016. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company is subject to income tax examinations by Federal, state and local taxing authorities for all tax years since inception.</div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. The provision of income taxes was deemed to be immaterial for the period ended December 31, 2015. For the three and nine months ended September 30, 2016, the effective rate was 0% due to the establishment of a full valuation allowance.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 1 100000 12000000 6550000 12000000 6550000 24000000 0.20 8625000 0 8625000 -60000 60000 0 1725000 0 1725000 892173 7827 900000 5947827 52173 6000000 25000 0.003 20000 900000 2609 892173 5947827 17391 0.2 12.00 4300000 6550000 1.00 12.50 6550000 P30D 200000 79702 88800 0 30000 90000 0 10000 45000 135000 45000 135000 15000 50000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">5.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Deferred Underwriting Commissions</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company is committed to pay a portion of the Deferred Fees totaling $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5.76</font> million, or <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2.4</font>% of gross offering proceeds of the Public Offering, to the underwriters upon the Company&#8217;s consummation of an Initial Business Combination. The underwriters will not be entitled to any interest accrued on their portion of the Deferred Fees, and no portion of the Deferred Fee is payable to the underwriters if there is no Initial Business Combination.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 5760000 0 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">6.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Trust Account</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">A total of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240</font>&#160;million from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was been placed in the Trust Account. As of September 30, 2016 and December 31, 2015, the balance in the Trust Account was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240.2</font> million and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240</font> million, respectively. For the three and nine months ended September 30, 2016, the Company withdrew $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">107,503</font>, respectively, in funds from interest earned on the trust proceeds to pay for franchise taxes. No amounts were withdrawn for the three and nine months ended September 30, 2015.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 240000000 240200000 240000000 0 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The following table presents information about the Company&#8217;s assets that are measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Quoted&#160;Prices&#160;in</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Active&#160;Markets</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Observable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Unobservable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>Description</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Level&#160;1)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;2)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;3)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="51%"> <div>Assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div>Money market funds held in Trust Account</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,202,043</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,202,043</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Quoted&#160;Prices&#160;in</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Active&#160;Markets</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Observable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Unobservable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>Description</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Level&#160;1)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;2)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;3)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="51%"> <div>Assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div>Money market funds held in Trust Account</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,018,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,018,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 240202043 240202043 0 0 240018972 240018972 0 0 400000000 30000000 22858626 22700592 1000000 400000000 30000000 1000000 1 0 0 0 0 22858626 22723498 24000000 240000000 4800000 13300000 8400000 6550000 6550000 240000000 10.00 21493889 215000000 10.00 12000000 0.15 1800000 11.50 12.50 202000 The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which the Company completes an Initial Business Combination and (ii) October 17, 2017. In addition, the Companys Board of Directors declared a dividend on the Companys common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share (a) 6,000,000 over (b) 25% of the sum of (i) total Public Shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero. 1253055 2000000 125300 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Recent Accounting Pronouncements</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.2pt; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Going Concern Consideration</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">If the Company does not complete an Initial Business Combination by Liquidation Date, the Company will (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 <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100</font>% of the common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes (less up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">100,000</font> of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders&#8217; 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 Company&#8217;s remaining stockholders and the Company&#8217;s board of directors, dissolve and liquidate, subject in each case to the Company&#8217;s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about the Company&#8217;s ability to continue as a going concern.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">There will be no redemption rights or liquidating distributions with respect to the Company&#8217;s warrants, which will expire worthless if the Company fails to complete an Initial Business Combination within the required time period.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Emerging Growth Company</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;) permits emerging growth companies to delay complying with new or revised financial accounting standards that do not yet apply to private companies (that is, those that have not had a Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 2640000 12000000 0.15 1800000 4800000 0.35 5760000 2640000 2640000 0.0001 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>8.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt"> Stockholder&#8217;s Equity</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><font style="FONT-SIZE: 10pt">&#160;</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><b><i><u><font style="FONT-SIZE: 10pt">Common Stock</font></u></i></b> <font style="FONT-SIZE: 10pt">- The authorized common stock of the Company includes up to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 400,000,000</font></font> shares. Holders of the Company&#8217;s common stock are entitled to one vote for each share of common stock. At September 30, 2016 and December 31, 2015, there were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30,000,000</font></font> shares of common stock outstanding, including <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,858,626</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,700,592</font> shares that were subject to possible redemption at September 30, 2016 and December 31, 2015, respectively.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><b><i><u><font style="FONT-SIZE: 10pt">Preferred Stock</font></u></i></b> <font style="FONT-SIZE: 10pt">- The authorized preferred stock of the Company includes up to <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,000,000</font></font> shares. At September 30, 2016 and December 31, 2015, there were no shares of preferred stock issued and outstanding.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <strong><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>7.</font></strong></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><strong><font style="FONT-SIZE: 10pt">Fair Value Measurements</font></strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company complies with ASC 820, &#8220;Fair Value Measurement&#8221;, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>The following table presents information about the Company&#8217;s assets that are measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Quoted&#160;Prices&#160;in</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Active&#160;Markets</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Observable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Unobservable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>Description</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>September&#160;30,&#160;2016</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Level&#160;1)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;2)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;3)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="51%"> <div>Assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div>Money market funds held in Trust Account</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,202,043</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,202,043</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="MARGIN: 0in; WIDTH: 100%; BORDER-COLLAPSE: collapse; OVERFLOW: visible" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Quoted&#160;Prices&#160;in</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Significant&#160;Other</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Active&#160;Markets</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Observable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Unobservable</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="51%"> <div>Description</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>December&#160;31,&#160;2015</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>(Level&#160;1)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;2)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Inputs&#160;(Level&#160;3)</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: times new roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="51%"> <div>Assets:</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="51%"> <div>Money market funds held in Trust Account</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,018,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>240,018,972</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>$</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: times new roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 6000000 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">9.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Subsequent Events</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Special Meeting</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 6, 2016, the Company held a special meeting of stockholders public warrantholders (&#8220;Special Meeting&#8221;). Following the approval of the proposals at the Special Meeting, the Company filed an amendment to its amended and restated certificate of incorporation to: (i) extend the date by which it must complete an Initial Business Combination to (a) October 1, 2017 or (b) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017 (&#8220;Extension&#8221;), and (ii) to change the Company&#8217;s name from &#8220;AR Capital Acquisition Corp.&#8221; to &#8220;Axar Acquisition Corp.&#8221;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">At the Special Meeting, shareholders holding <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 21,493,889</font> Public Shares exercised their right to convert such Public Shares into a pro rata portion of the Trust Account. As a result, an aggregate of approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">215</font> million (or approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">10.00</font> per share) were removed from the Trust Account to pay such holders.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 7, 2016, following approval of the proposals at the Special Meeting, the Company amended the warrant agreements for all of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,000,000</font> outstanding Public Warrants to: (i) convert all Public Warrants into right to receive $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.15</font> per Public Warrant, for an aggregate amount of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.8</font> million, payable in cash or shares of the Company&#8217;s common stock at the discretion of the Company, and (ii) increase the exercise price of the Private Placement Warrants from <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 11.50</font> to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">12.50</font> per share. <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">In addition, the Company&#8217;s Board of Directors declared a dividend on the Company&#8217;s common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share</font> (each a &#8220;New Warrant&#8221;). <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which the Company completes an Initial Business Combination and (ii) October 17, 2017.</font> The Company&#8217;s independent directors agreed to waive their right to receive the dividend. As a result, the Company has issued an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,253,055</font> New Warrants in October 2016.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Agreements with Sponsor</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">P<font style="FONT-SIZE: 10pt;FONT-FAMILY:Times New Roman, Times, Serif">ursuant to the agreement by and among the Company in October 2016 (&#8220;Transfer Agreement&#8221;), ARC, the Company&#8217;s former sponsor (ARC), transferred all of its Founder Shares (as defined in Note 4) and Private Placement Warrants to the Company&#8217;s Sponsor, Axar Master Fund Ltd. Upon consummation of the Initial Business Combination, the Sponsor agreed to automatically forfeit, for no consideration, a number of Founder Shares equal to the excess of (if positive)</font> of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">(a) 6,000,000 over (b) 25% of the sum of (i) total Public Shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero.</font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Effective upon the closing of the Transfer Agreement, (i) Andrew Axelrod was appointed as Chief Executive Officer and Executive Chairman of the Board of Directors, Lionel Benichou was appointed as Chief Financial Officer, and (ii) Nicholas S. Schorsch, Nicholas Radesca and William Kahane each resigned from their positions as officers and directors of the Company.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Also on October 7, 2016, ARC agreed to terminate its Compensation Reimbursement Agreement with the Company and agreed that all amounts owed under such arrangements, or approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">50,000</font>, were contributed to capital. In addition, ARC contributed approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">770,000</font> to capital in October 2016 to pay for the Company&#8217;s outstanding payables.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Pursuant to the Transfer Agreement, the Sponsor agreed to lend the Company on January 1, 2017 and on the first business day of each of the following three fiscal quarters commencing thereafter (or, if the Extension date is October 1, 2017, the following two fiscal quarters commencing thereafter) approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">125,300</font>, which amounts will be deposited in the Trust Account. The Sponsor has also agreed to lend the Company up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2</font> million for working capital and other expenses. The Loans will be non-interest bearing and repayable by the Company to the Sponsor upon consummation of an Initial Business Combination. If a Business Combination is not consummated, the note will not be repaid by the Company and all amounts owed thereunder by the Company will be forgiven, except to the extent that the Company had funds available outside of the Trust Account.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 770000 P150D P30D P20D P1Y <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.3pt; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;CLEAR: both"></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">2.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Significant Accounting Policies</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Basis of Presentation</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The accompanying unaudited interim financial statements of the Company should be read in conjunction with the audited financial statements and notes thereto included in the Company&#8217;s Annual Report on Form 10-K filed with the SEC on February 19, 2016. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (&#8220;U.S. GAAP&#8221;) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all of the information and notes required by U.S. GAAP for a complete</font> <font style="FONT-SIZE: 10pt">financial statement presentation. In the opinion of management, the interim financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of results for a full year.</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Emerging Growth Company</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the &#8220;JOBS Act&#8221;) permits emerging growth companies to delay complying with new or revised financial accounting standards that do not yet apply to private companies (that is, those that have not had a Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;). The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company&#8217;s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Investments Held in Trust Account</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The amounts held in the Trust Account represent substantially all of the proceeds of the Public Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of an Initial Business Combination. As of September 30, 2016, there was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">202,000</font> of interest income held in the Trust Account available to be released to the Company to pay its tax obligation.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.2pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Going Concern Consideration</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">If the Company does not complete an Initial Business Combination by Liquidation Date, the Company will (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 <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 100</font>% of the common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes (less up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">100,000</font> of interest to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders&#8217; 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 Company&#8217;s remaining stockholders and the Company&#8217;s board of directors, dissolve and liquidate, subject in each case to the Company&#8217;s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about the Company&#8217;s ability to continue as a going concern.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">There will be no redemption rights or liquidating distributions with respect to the Company&#8217;s warrants, which will expire worthless if the Company fails to complete an Initial Business Combination within the required time period.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Net Loss Per Common Share</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period, plus to the extent dilutive, the incremental number of shares of common stock to settle warrants, as calculated using the treasury stock method. As the Company reported a net loss for the three and nine months ended September 30, 2016, the effect of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,000,000</font></font> warrants issued in the Public Offering and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,550,000</font></font> warrants issued to ARC in connection with the private placement have not been considered in the diluted loss per common share because their effect would be anti-dilutive. An aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,858,626</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,723,498</font> common stock subject to possible redemption at September 30, 2016 and 2015, respectively, have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the earnings in the Trust Account. As a result, diluted loss per common share is the same as basic loss per common share for the period.</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><font style="FONT-SIZE: 10pt">&#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Fair Value of Financial Instruments</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;Fair Value Measurements and Disclosures,&#8221; approximates the carrying amounts represented on the Company&#8217;s accompanying Condensed Balance Sheets.</div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Offering Costs</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (&#8220;SAB&#8221;) Topic 5A - &#8220;Expenses of Offering&#8221;. Offering costs consist principally of professional and registration fees incurred in connection with the Public Offering and that were charged to stockholders&#8217; equity. Upon the consummation of the Public Offering, an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13.3</font> million, inclusive of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.8</font> million of underwriting fees paid upfront, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8.4</font> million of Deferred Fees (as defined in Note 3) was charged to stockholders&#8217; equity. In January 2016, upon the consultant&#8217;s inability to provide agreed services, an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.64</font> million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company&#8217;s accompanying Condensed Balance Sheets (see Note 3).</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in"> <b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Common Stock Subject to Possible Redemption</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Under the Company&#8217;s amended and restated certificate of incorporation, all of the 24,000,000 Public Shares may be redeemed for cash in connection with the Company&#8217;s liquidation or a tender offer or stockholder approval in connection with an Initial Business Combination. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity&#8217;s equity instruments, are excluded from the provisions of FASB ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem the common stock sold as part of the units in the Public Offering in an amount that would cause its net tangible assets (stockholders&#8217; equity) to be less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5,000,001</font>.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock shall be affected by charges against additional paid-in capital in accordance with ASC 480.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Accordingly, at September 30, 2016 and December 31, 2015, <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,858,626</font> and <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 22,700,592</font>, respectively, of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 24,000,000</font> Public Shares were classified outside of permanent equity at its redemption value.</font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Income Taxes</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company complies with the accounting and reporting requirements of FASB ASC 740, &#8220;Income Taxes,&#8221; which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets when it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. FASB Interpretation No. 48, &#8220;Accounting for Uncertainty in Income Taxes&#8221; (&#8220;FIN 48&#8221;) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit or expense is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit or expense is then measured to be the highest tax benefit or expense that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits or expenses as of September 30, 2016. The Company&#8217;s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of September 30, 2016. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company is subject to income tax examinations by Federal, state and local taxing authorities for all tax years since inception.</div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. The provision of income taxes was deemed to be immaterial for the period ended December 31, 2015. For the three and nine months ended September 30, 2016, the effective rate was 0% due to the establishment of a full valuation allowance.</div> </div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <b><i><font style="FONT-SIZE: 10pt">&#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font>Recent Accounting Pronouncements</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Investments Held in Trust Account</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The amounts held in the Trust Account represent substantially all of the proceeds of the Public Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of an Initial Business Combination. As of September 30, 2016, there was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">202,000</font> of interest income held in the Trust Account available to be released to the Company to pay its tax obligation.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Fair Value of Financial Instruments</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 13.5pt; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The fair value of the Company&#8217;s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (&#8220;FASB&#8221;) Accounting Standards Codification (&#8220;ASC&#8221;) 820, &#8220;Fair Value Measurements and Disclosures,&#8221; approximates the carrying amounts represented on the Company&#8217;s accompanying Condensed Balance Sheets.</div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0in" align="justify"><b><i><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Offering Costs</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (&#8220;SAB&#8221;) Topic 5A - &#8220;Expenses of Offering&#8221;. Offering costs consist principally of professional and registration fees incurred in connection with the Public Offering and that were charged to stockholders&#8217; equity. Upon the consummation of the Public Offering, an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13.3</font> million, inclusive of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.8</font> million of underwriting fees paid upfront, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8.4</font> million of Deferred Fees (as defined in Note 3) was charged to stockholders&#8217; equity. In January 2016, upon the consultant&#8217;s inability to provide agreed services, an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.64</font> million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company&#8217;s accompanying Condensed Balance Sheets (see Note 3).</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; MARGIN: 0in; WIDTH: 96%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>Ownership&#160;of&#160;Founder&#160;Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Independent</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Total&#160;Founder</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>ARC</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Directors</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Sale of common stock to initial stockholder on August 1, 2014</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>8,625,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>8,625,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Forfeiture of shares on October 1, 2014<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,725,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,725,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Sale of Founder Shares to Company&#8217;s independent directors on October 1, 2014</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(60,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Forfeiture of shares on December 5, 2014<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(892,173)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(7,827)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(900,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,947,827</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>52,173</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,000,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div> <font style="FONT-SIZE: 1pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 6pt"><font style="FONT-SIZE: 10pt"></font></font>&#160;</font></sup></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"> </font></sup></sup> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt" align="left"><sup style="font-style:normal"></sup> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: #000000 1px solid; FONT-STYLE: normal; WIDTH: 25%; HEIGHT: 1px; FONT-SIZE: 1px"> <sup style="font-style:normal"></sup></div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"></font>(1)</sup> <font style="FONT-SIZE: 10pt">In connection with a reduction in the size of the Public Offering, ARC forfeited <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,725,000</font> Founder Shares.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><font style="FONT-SIZE: 10pt">&#160;</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <sup style="font-style:normal"><font style="FONT-SIZE: 10pt"> (2)</font></sup> <font style="FONT-SIZE: 10pt">As a result of the underwriters&#8217; election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 900,000</font> Founder Shares.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="center"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="center">&#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="center"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>1.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Organization and Business Operations</font></b></div> </td> </tr> </table> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> Incorporation</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Axar Acquisition Corp., formerly known as AR Capital Acquisition Corp., (the &#8220;Company&#8221;) was incorporated in Delaware on July 25, 2014.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> Sponsor</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company&#8217;s former sponsor is AR Capital, LLC (&#8220;ARC&#8221;), a Delaware limited liability company. Upon the change in management in October 2016, Axar Master Fund Ltd., a Cayman Islands exempted company, became the new sponsor (the &#8220;Sponsor&#8221;) (see Note 9).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Business Purpose</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses (&#8220;Initial Business Combination&#8221;). The Company has neither engaged in any operations nor generated significant revenue to date.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company&#8217;s management has broad discretion with respect to the Initial Business Combination. However, there is no assurance that the Company will be able to successfully effect an Initial Business Combination.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> Financing</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The registration statement for the Company&#8217;s initial public offering (the &#8220;Public Offering&#8221;, see Note 3) was declared effective by the Securities and Exchange Commission (the &#8220;SEC&#8221;) on October 1, 2014. On October 7, 2014, the Company consummated the Public Offering of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 24,000,000</font> units (&#8220;Public Units&#8221; and, with respect to the common stock and warrants to purchase common stock included in the Public Units, the &#8220;Public Shares&#8221; and &#8220;Public Warrants&#8221;) at $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">10.00</font> per Public Unit, generated gross proceeds of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240</font> million and, in connection therewith, incurred offering costs of approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13.3</font> million, inclusive of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.8</font> million of underwriting fees paid upfront, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8.4</font> million of Deferred Fees (as defined in Note 3), payable upon the consummation of the Initial Business Combination.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Simultaneously with the consummation of the Public Offering, ARC, the Company&#8217;s former sponsor, purchased <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,550,000</font> warrants (&#8220;Private Placement Warrants&#8221;) at a price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.00</font> per Private Placement Warrant in a private placement (&#8220;Private Placement&#8221;), generated gross proceeds of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6.55</font> million (see Note 4).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">Additionally, ARC loaned $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">79,702</font> through the issuance of an unsecured promissory note (the &#8220;Note&#8221;) on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest and was repaid in full by the Company on October 8, 2014.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Trust Account</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">An aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240</font> million ($<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">10.00</font> per Unit) from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was placed in a U.S. based trust account (the &#8220;Trust Account&#8221;) with Continental Stock Transfer &amp; Trust Company acting as trustee. The funds held in the Trust Account can be invested only in U.S. government treasury securities with a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 of the Investment Company Act of 1940, as amended, which invest only in direct U.S. government treasury obligations.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The Company&#8217;s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay franchise and income taxes, none of the funds held in the Trust Account will be released until the earlier of: (i) the completion of the Initial Business Combination; or (ii) the redemption of 100% of the shares of common stock included in the units sold in the Public Offering if the Company is unable to complete an Initial Business Combination within 24 months from the closing of the Public Offering. In connection with the Extension (as defined in Note 9), the Company extended its liquidation date to (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on The Nasdaq Capital Market (&#8220;NASDAQ&#8221;), December 31, 2017. The Company expects to withdraw the interest earned from the funds held in the Trust Account to pay for franchise and income taxes.</div> <b><i><font style="FONT-SIZE: 10pt">&#160;</font></i></b> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Initial Business Combination</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">An Initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 80</font>% of the assets held in the Trust Account, excluding deferred underwriting commissions, advisory fees and taxes payable on the income earned by the Trust Account, at the time of the agreement to enter into the Initial Business Combination.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company, after signing a definitive agreement for the Initial Business Combination, will either (i) seek stockholder approval of the Initial Business Combination at a meeting called for such purpose in connection with which stockholders may seek to redeem their Public Shares, regardless of whether they vote for or against the Initial Business Combination (provided they in fact vote for or against the Initial Business Combination), for cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the Initial Business Combination, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes, or (ii) provide stockholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to commencement of the tender offer, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes. The decision as to whether the Company will seek stockholder approval of the Initial Business Combination or will allow stockholders to sell their shares in a tender offer will be made by the Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek stockholder approval.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">If the Company seeks stockholder approval, it will complete the Initial Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the Initial Business Combination. In the event the Company seeks stockholder approval or conducts redemptions pursuant to the tender offer rules, then in no event will the Company redeem its public shares in an amount that would cause its net tangible assets to be less than $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5,000,001</font>. In such case, the Company would not proceed with the redemption of its public shares and the related Initial Business Combination, and instead may search for an alternate Initial Business Combination.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company had <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">24</font> months from the closing of the Public Offering to complete its Initial Business Combination. Following the approvals of the proposals at the Special Meeting (as defined in Note 9) in October 2016, the Company amended and restated its charter, pursuant to which it will have until (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017, to complete its Initial Business Combination (&#8220;Liquidation Date&#8221;). If the Company does not complete the Initial Business Combination within this period of time, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem 100% of the 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 on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes (less up to $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">100,000</font> of interest to pay dissolution expenses), divided by the number of then public shares outstanding, and (iii) as promptly as possible following such redemption, subject to the approval of the Company&#8217;s remaining stockholders and the Company&#8217;s board of directors, dissolve and liquidate, subject in each case to the Company&#8217;s obligations under Delaware law, the balance of the Company&#8217;s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation. In the event of such distribution, it is possible that the per-share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the Public Offering.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"></font><b><i><font style="FONT-SIZE: 10pt">&#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><i><font style="FONT-SIZE: 10pt">Fiscal Year End</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Company has selected December 31 as its fiscal year end.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> 0 0 <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <strong><font style="FONT-SIZE: 10pt">4.</font></strong></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><strong><font style="FONT-SIZE: 10pt">Related Party Transactions</font></strong></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><font style="FONT-SIZE: 10pt"> &#160;</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><i><font style="FONT-SIZE: 10pt">Founder Shares</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On August 1, 2014, ARC purchased <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 8,625,000</font> shares of the Company&#8217;s common stock (the &#8220;Founder Shares&#8221;) for $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">25,000</font>, or approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.003</font> per share. The Founder Shares are identical to the common stock included in the Public Units except that the Founder Shares are subject to certain transfer restrictions, as described in more detail below. On October 1, 2014, in connection with a reduction in the size of the Public Offering, ARC contributed to the Company <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,725,000</font> Founder Shares, which the Company canceled. Thereafter, ARC sold <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 20,000</font> Founder Shares at their original price to each of the Company&#8217;s independent directors. On December 5, 2014, as a result of the underwriters&#8217;&#160;election not to exercise the overallotment option in connection with the Public Offering, the initial stockholders (as defined below) forfeited an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 900,000</font> Founder Shares, consisting of a forfeiture of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 2,609</font> Founder Shares by each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich, and a forfeiture of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 892,173</font> Founder Shares by ARC. As a result of the forfeiture, ARC held <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 5,947,827</font> Founder Shares, and each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich held <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 17,391</font> Founder Shares, so that there were <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,000,000</font> Founder Shares outstanding. The number of Founder Shares represented <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 20</font>% of the outstanding shares. In October 2016, pursuant to the Transfer Agreement (as defined in Note 9), ARC transferred all of its Founder Shares and Private Placement Warrants to the Company&#8217;s Sponsor.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Founder Shares are identical to the common stock included in the Public Units sold in the Public Offering except that the Founder Shares are subject to certain transfer restrictions. The Company&#8217;s stockholder prior to the Public Offering, including their subsequent transferees (collectively, the &#8220;initial stockholders&#8221;) have agreed not to transfer, assign or sell any of their Founder Shares until the earlier of (a) one year after the completion of the Initial Business Combination, or earlier if, subsequent to the Initial Business Combination, the last sale price of the Company&#8217;s common stock equals or exceeds $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">12.00</font> per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">20</font> trading days within any <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 30</font>-trading day period commencing at least <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 150</font> days after the consummation of the Initial Business Combination or (b) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of the Company&#8217;s stockholders having the right to exchange their shares of common stock for cash, securities or other property (the &#8220;Lock Up Period&#8221;).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="center"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt; TEXT-INDENT: 0in; WIDTH: 100%"> <table style="BORDER-BOTTOM: #9eb6ce 0px solid; BORDER-LEFT: #9eb6ce 0px solid; MARGIN: 0in; WIDTH: 96%; BORDER-COLLAPSE: collapse; OVERFLOW: visible; BORDER-TOP: #9eb6ce 0px solid; BORDER-RIGHT: #9eb6ce 0px solid" cellspacing="0" cellpadding="0"> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="35%" colspan="8"> <div>Ownership&#160;of&#160;Founder&#160;Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Independent</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Total&#160;Founder</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>ARC</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Directors</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="white-space:nowrap; BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 700" width="11%" colspan="2"> <div>Shares</div> </td> <td style="TEXT-ALIGN: center; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Sale of common stock to initial stockholder on August 1, 2014</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>8,625,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>8,625,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Forfeiture of shares on October 1, 2014<sup style="font-style:normal">(1)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,725,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(1,725,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Sale of Founder Shares to Company&#8217;s independent directors on October 1, 2014</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(60,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>60,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>&#151;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>Forfeiture of shares on December 5, 2014<sup style="font-style:normal">(2)</sup></div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(892,173)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(7,827)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 1px solid; TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="10%"> <div>(900,000)</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #ffffff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> <tr style="HEIGHT: 12px"> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; FONT-WEIGHT: 400" width="59%"> <div>&#160;</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>5,947,827</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>52,173</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> <td style="BORDER-BOTTOM: #000000 3px double; TEXT-ALIGN: right; FONT-STYLE: normal; PADDING-RIGHT: 4px; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 1px solid; FONT-WEIGHT: 400" width="10%"> <div>6,000,000</div> </td> <td style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Times New Roman; BACKGROUND: #cceeff; COLOR: #000000; FONT-SIZE: 10pt; VERTICAL-ALIGN: middle; FONT-WEIGHT: 400" width="1%"> <div>&#160;</div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"></div> </div> </div> <font style="FONT-SIZE: 1pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"><font style="FONT-SIZE: 6pt"><font style="FONT-SIZE: 10pt"></font></font>&#160;</font></sup></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"> </font></sup></sup> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt" align="left"><sup style="font-style:normal"></sup> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;BORDER-BOTTOM: #000000 1px solid; FONT-STYLE: normal; WIDTH: 25%; HEIGHT: 1px; FONT-SIZE: 1px"> <sup style="font-style:normal"></sup></div> </div> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;CLEAR: both" align="left"><sup style="font-style:normal"><font style="FONT-SIZE: 10pt"></font>(1)</sup> <font style="FONT-SIZE: 10pt">In connection with a reduction in the size of the Public Offering, ARC forfeited <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 1,725,000</font> Founder Shares.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><font style="FONT-SIZE: 10pt">&#160;</font></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <sup style="font-style:normal"><font style="FONT-SIZE: 10pt"> (2)</font></sup> <font style="FONT-SIZE: 10pt">As a result of the underwriters&#8217; election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 900,000</font> Founder Shares.<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font></font></div> <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">Private Placement Warrants</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 7, 2014, ARC purchased from the Company an aggregate of <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 6,550,000</font> Private Placement Warrants at a price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.00</font> per Warrant (for an aggregate purchase price of $6.55 million) in a Private Placement that occurred simultaneously with the completion of the Public Offering. Each Private Placement Warrant entitles the holder to purchase one share of common stock at $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">12.50</font> per share, as amended upon approval of the proposals at the Special Meeting (as defined in Note 9). Of the $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">6.55</font> million purchase price of the Private Placement Warrants, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.3</font> million of the purchase price of the Private Placement Warrants was added to the proceeds from the Public Offering to be held in the Trust Account pending completion of the Initial Business Combination.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The Private Placement Warrants (including the common stock issuable upon exercise of the Private Placement Warrants) will not be transferable, assignable or salable until <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">30</font> days after the completion of the Initial Business Combination and they will be non-redeemable so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees. In addition, the Private Placement Warrants are exercisable on a cashless basis so long as they are held by their initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers of the Private Placement Warrants or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the warrants included in the Public Units. Otherwise, the Private Placement Warrants have terms and provisions that are identical to those of the warrants included in the Public Units and have no net cash settlement provisions.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">If the Company does not complete an Initial Business Combination, then the proceeds from the sale of the Private Placement Warrants will be part of the liquidating distribution to the public stockholders and the Private Placement Warrants will expire worthless.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><i><font style="FONT-SIZE: 10pt">Loans from Related Parties</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><strong><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">ARC agreed to loan the Company up to an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">200,000</font> by the issuance of the Note on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest upon the consummation of the Public Offering. From inception through October 7, 2014, ARC loaned $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">79,702</font> to the Company. The Note was repaid in full on October 8, 2014. Additionally, the Company had a due to affiliate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">88,800</font> to ARC for costs incurred by the Company, which was repaid on October 8, 2014.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">Administrative Services Agreement</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On September 8, 2014, the Company entered into an agreement to pay RCS Advisory Services, LLC (&#8220;RCS Advisory&#8221;), an entity then under common control with ARC, a total of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">10,000</font> per month for office space, utilities, secretarial support and administrative services commencing on the date the Company&#8217;s securities are first listed on NASDAQ. Upon the earlier of the completion of the Initial Business Combination or the Company&#8217;s liquidation, the Company will cease paying these monthly fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS Advisory&#8217;s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS&#8217;s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS Advisory&#8217;s inability to provide the services contemplated by the administrative services agreement, the Company provided notice of termination of the administrative services agreement. The space formerly sublet by RCS Advisory for the Company&#8217;s office space was leased by ARC and provided to the Company free of charge<font style="font-size:10pt;">.</font> During the three and nine months ended September 30, 2016, the Company incurred $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0</font></font> related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">30,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">90,000</font>, respectively, related to services under this agreement. Upon the change in management in October 2016 (Note 9), the office space was no longer in use.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">&#160;</font></i></strong> <strong><i><font style="FONT-SIZE: 10pt"> &#160;</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">Compensation Reimbursement Agreement</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 1, 2014, the Company entered into an agreement to pay ARC an amount not to exceed $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">15,000</font> per month as reimbursement for a portion of the compensation paid to its personnel, including certain of the Company&#8217;s officers who work on the Company&#8217;s behalf, commencing on the date the Company&#8217;s securities are first listed on NASDAQ (the &#8220;Compensation Reimbursement Agreement&#8221;). During the three and nine months ended September 30, 2016, the Company incurred $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">45,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">135,000</font>, respectively, related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">45,000</font> and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">135,000</font>, respectively, related to services under this agreement.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 7, 2016, this arrangement was terminated, and ARC agreed that all amounts owed under such arrangement as of such date, or approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">50,000</font>, were contributed to capital (see Note 9).</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <strong><i><font style="FONT-SIZE: 10pt">Registration Rights Agreement</font></i></strong></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.2in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any shares of common stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights pursuant to a registration rights agreement signed on October 1, 2014 (the &#8220;Registration Rights Agreement&#8221;). The holders of the majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain &#8220;piggy-back&#8221; registration rights with respect to registration statements filed subsequent to the Company&#8217;s completion of the Initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the Registration Rights Agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (a) in the case of the Founder Shares, one year after the date of the consummation of the Initial Business Combination or earlier if, subsequent to the Initial Business Combination, (i) the last sale price of the Company&#8217;s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Initial Business Combination, or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders having the right to exchange their shares of common stock for cash, securities or other property and (b) in the case of the Private Placement Warrants and the respective common stock underlying such Private Placement Warrants, 30 days after the completion of the Initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> <div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;size: 8.5in 11.0in"> <table style="LINE-HEIGHT: 115%; WIDTH: 100%; FONT-FAMILY: Calibri,sans-serif; FONT-SIZE: 11pt" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; WIDTH: 0.25in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="24"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt"> <b><font style="FONT-SIZE: 10pt">3.</font></b></div> </td> <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"> <div style="CLEAR:both;MARGIN: 0in 0in 0pt; FONT-FAMILY: Times New Roman,serif; FONT-SIZE: 12pt" align="justify"><b><font style="FONT-SIZE: 10pt">Public Offering</font></b></div> </td> </tr> </table> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">On October 7, 2014, the Company completed the Public Offering pursuant to which it sold <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 24,000,000</font> Public Units at a price of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">10.00</font> per Unit, generated gross proceeds of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">240</font> million. Offering costs associated with the Public Offering was approximately $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">13.3</font> million, inclusive of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.8</font> million of underwriting fees paid upfront, and $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8.4</font> million of Deferred Fees (as defined below), payable upon the consummation of the Initial Business Combination. In January 2016, upon the consultant&#8217;s inability to provide agreed services, an aggregate of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.64</font> million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company&#8217;s accompanying Condensed Balance Sheets.</font> <font style="FONT-SIZE: 10pt">Each Public Unit consists of one share of the Company&#8217;s common stock, $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.0001</font> par value per share, and one-half of one redeemable common stock purchase warrant, the Public Warrants. On October 7, 2016, following approval of the proposals at the Special Meeting (as defined in Note 9), the Company amended the warrant agreements for all of the <font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> 12,000,000</font> outstanding Public Warrants to convert all Public Warrants into right to receive $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.15</font> per Public Warrant, for an aggregate amount of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">1.8</font> million, payable in cash of shares of the Company&#8217;s common stock at the discretion of the Company.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <font style="FONT-SIZE: 10pt">&#160;</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">In addition to the underwriting discount paid upfront of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.20</font> per Public Unit ($<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">4.8</font> million in the aggregate) to the underwriters at the closing of the Public Offering, the Company agreed to pay additional fees (the &#8220;Deferred Fees&#8221;) of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">8.4</font> million ($<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">0.35</font> per Public Unit sold), comprised of (a) $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">5.76</font> million payable to the underwriters for deferred underwriting commissions and (b) $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.64</font> million payable to RCS Capital (&#8220;RCS&#8221;), a division of Realty Capital Securities, LLC, an entity then under common control with ARC, for financial advisory services in connection with the identification, evaluation, negotiation and completion of the Initial Business Combination. The Deferred Fees are payable to the underwriters and RCS solely in the event the Company completes an Initial Business Combination. The underwriters and RCS are not entitled to any interest accrued on the Deferred Fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS&#8217;s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS&#8217;s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS&#8217;s inability to provide the services contemplated by the M&amp;A Services Agreement (as defined below), the Company provided notice of termination of the M&amp;A Services Agreement for cause. As a result, as of September 30, 2016, the Deferred Fees in the amount of $<font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt">2.64</font> million&#160;are no longer be payable to RCS and were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company&#8217;s accompanying Condensed Balance Sheets.</font></div> </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table> This number excludes an aggregate of up to 22,858,626 and 22,723,498 shares subject to possible conversion at September 30, 2016 and 2015, respectively In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares. As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares. EX-101.SCH 7 axar-20160930.xsd XBRL TAXONOMY EXTENSION SCHEMA 101 - Document - Document And Entity Information link:presentationLink link:definitionLink link:calculationLink 102 - Statement - CONDENSED BALANCE SHEETS link:presentationLink link:definitionLink link:calculationLink 103 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 104 - Statement - CONDENSED STATEMENTS OF OPERATIONS link:presentationLink link:definitionLink link:calculationLink 105 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 106 - Statement - CONDENSED STATEMENTS OF CASH FLOWS link:presentationLink link:definitionLink link:calculationLink 107 - Disclosure - Organization and Business Operations link:presentationLink link:definitionLink link:calculationLink 108 - Disclosure - Significant Accounting Policies link:presentationLink link:definitionLink link:calculationLink 109 - Disclosure - Public Offering link:presentationLink link:definitionLink link:calculationLink 110 - Disclosure - Related Party Transactions link:presentationLink link:definitionLink link:calculationLink 111 - Disclosure - Deferred Underwriting Commissions link:presentationLink link:definitionLink link:calculationLink 112 - Disclosure - Trust Account link:presentationLink link:definitionLink link:calculationLink 113 - Disclosure - Fair Value Measurements link:presentationLink link:definitionLink link:calculationLink 114 - Disclosure - Stockholder's Equity link:presentationLink link:definitionLink link:calculationLink 115 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink 116 - Disclosure - Significant Accounting Policies (Policies) link:presentationLink link:definitionLink link:calculationLink 117 - Disclosure - Related Party Transactions (Tables) link:presentationLink link:definitionLink link:calculationLink 118 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:definitionLink link:calculationLink 119 - Disclosure - Organization and Business Operations (Details Textual) link:presentationLink link:definitionLink link:calculationLink 120 - Disclosure - Significant Accounting Policies (Details Textual) link:presentationLink link:definitionLink link:calculationLink 121 - Disclosure - Public Offering (Details Textual) link:presentationLink link:definitionLink link:calculationLink 122 - Disclosure - Related Party Transactions (Details) link:presentationLink link:definitionLink link:calculationLink 123 - Disclosure - Related Party Transactions (Details Textual) link:presentationLink link:definitionLink link:calculationLink 124 - Disclosure - Deferred Underwriting Commissions (Details Textual) link:presentationLink link:definitionLink link:calculationLink 125 - Disclosure - Trust Account (Details Textual) link:presentationLink link:definitionLink link:calculationLink 126 - Disclosure - Fair Value Measurements (Details) link:presentationLink link:definitionLink link:calculationLink 127 - Disclosure - Stockholder's Equity (Details Textual) link:presentationLink link:definitionLink link:calculationLink 128 - Disclosure - Subsequent Events (Details Textual) link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 8 axar-20160930_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 axar-20160930_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 axar-20160930_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 11 axar-20160930_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.5.0.2
Document And Entity Information - shares
9 Months Ended
Sep. 30, 2016
Nov. 09, 2016
Document Information [Line Items]    
Document Type 10-Q  
Amendment Flag false  
Document Period End Date Sep. 30, 2016  
Document Fiscal Year Focus 2016  
Document Fiscal Period Focus Q3  
Entity Registrant Name Axar Acquisition Corp.  
Entity Central Index Key 0001615892  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Trading Symbol AXAR  
Entity Common Stock, Shares Outstanding   8,506,111
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED BALANCE SHEETS - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Current assets:    
Cash $ 381 $ 700,873
Prepaid expenses and other assets 10,000 0
Accounts receivable 0 2,817
Total current assets 10,381 703,690
Non-current assets:    
Cash and marketable securities held in Trust Account 240,202,043 240,018,972
Total assets 240,212,424 240,722,662
Current liabilities:    
Accrued expenses and accounts payable 790,238 135,937
Due to affiliates 48,919 63,919
Franchise tax payable 27,000 116,877
Total current liabilities 866,157 316,733
Deferred underwriting commissions and advisory fees 5,760,000 8,400,000
Total liabilities 6,626,157 8,716,733
Commitments
Common stock subject to possible redemption; 22,858,626 and 22,700,592 shares (at redemption value of approximately $10.00 per share) as of September 30, 2016 and December 31, 2015, respectively 228,586,257 227,005,919
Shareholders’ Equity:    
Preferred stock, $0.0001 par value, 1,000,000 authorized, none issued and outstanding 0 0
Common stock, $0.0001 par value, 400,000,000 shares authorized, 7,141,374 and 7,299,408 shares subject to possible redemption) at September 30, 2016 and December 31, 2015, respectively 714 730
Additional paid-in capital 7,336,664 6,276,986
Accumulated deficit (2,337,368) (1,277,706)
Total shareholders’ equity 5,000,010 5,000,010
Total Liabilities and Shareholders’ Equity $ 240,212,424 $ 240,722,662
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED BALANCE SHEETS (Parenthetical) - $ / shares
Sep. 30, 2016
Dec. 31, 2015
Common stock, subject to redemption 22,858,626 22,700,592
Common stock, redemption value (in dollars per share) $ 10.00 $ 10.00
Preferred stock, par value per share $ 0.0001 $ 0.0001
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common stock, par value per share (in dollars per share) $ 0.0001 $ 0.0001
Common stock, shares authorized 400,000,000 400,000,000
Common stock, shares issued 7,141,374 7,299,408
Common stock, shares outstanding 7,141,374 7,299,408
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
General and administrative $ 173,528 $ 246,041 $ 1,350,367 $ 743,057
Loss from operations (173,528) (246,041) (1,350,367) (743,057)
Interest income 110,532 2,496 290,705 7,599
Net loss $ (62,996) $ (243,545) $ (1,059,662) $ (735,458)
Weighted average number of common shares outstanding basic and diluted (in shares) [1] 7,135,143 7,251,819 7,159,101 7,228,255
Basic and diluted net loss per share (in dollars per share) $ (0.01) $ (0.03) $ (0.15) $ (0.10)
[1] This number excludes an aggregate of up to 22,858,626 and 22,723,498 shares subject to possible conversion at September 30, 2016 and 2015, respectively
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) - shares
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 22,858,626 22,723,498
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net loss $ (1,059,662) $ (735,458)
Adjustments to reconcile net loss to net cash used in operation activities:    
Interest earned on investments held in Trust Account (290,574) (6,639)
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (10,000) 14,633
Accounts payable and accrued expenses 654,301 15,456
Due to affiliates (15,000) (23,589)
Franchise tax payable (89,877) 9,247
Net cash used in operating activities (810,812) (726,350)
Cash Flows from Investing Activities    
Withdrawal of Trust Account funds for payment of Delaware franchise tax 107,503 0
Net cash provided by investing activities 107,503 0
Cash Flows from Financing Activities    
Reimbursement (payment) of offering costs 2,817 (13,700)
Net cash provided by financing activities 2,817 (13,700)
Net change in cash (700,492) (740,050)
Cash - beginning of the period 700,873 1,570,214
Cash - ending of the period 381 830,164
Supplemental disclosure of financing activities:    
Reversal of deferred underwriting commissions and advisory fees 2,640,000 0
Receivable for offering costs 0 2,817
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Business Operations
9 Months Ended
Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Business Operations
 
1.
Organization and Business Operations
 
Incorporation
 
Axar Acquisition Corp., formerly known as AR Capital Acquisition Corp., (the “Company”) was incorporated in Delaware on July 25, 2014.
 
Sponsor
 
The Company’s former sponsor is AR Capital, LLC (“ARC”), a Delaware limited liability company. Upon the change in management in October 2016, Axar Master Fund Ltd., a Cayman Islands exempted company, became the new sponsor (the “Sponsor”) (see Note 9).
 
Business Purpose
 
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more operating businesses (“Initial Business Combination”). The Company has neither engaged in any operations nor generated significant revenue to date.
 
The Company’s management has broad discretion with respect to the Initial Business Combination. However, there is no assurance that the Company will be able to successfully effect an Initial Business Combination.
 
Financing
 
The registration statement for the Company’s initial public offering (the “Public Offering”, see Note 3) was declared effective by the Securities and Exchange Commission (the “SEC”) on October 1, 2014. On October 7, 2014, the Company consummated the Public Offering of 24,000,000 units (“Public Units” and, with respect to the common stock and warrants to purchase common stock included in the Public Units, the “Public Shares” and “Public Warrants”) at $10.00 per Public Unit, generated gross proceeds of $240 million and, in connection therewith, incurred offering costs of approximately $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined in Note 3), payable upon the consummation of the Initial Business Combination.
 
Simultaneously with the consummation of the Public Offering, ARC, the Company’s former sponsor, purchased 6,550,000 warrants (“Private Placement Warrants”) at a price of $1.00 per Private Placement Warrant in a private placement (“Private Placement”), generated gross proceeds of $6.55 million (see Note 4).
 
Additionally, ARC loaned $79,702 through the issuance of an unsecured promissory note (the “Note”) on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest and was repaid in full by the Company on October 8, 2014.
 
Trust Account
 
An aggregate of $240 million ($10.00 per Unit) from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was placed in a U.S. based trust account (the “Trust Account”) with Continental Stock Transfer & Trust Company acting as trustee. The funds held in the Trust Account can be invested only in U.S. government treasury securities with a maturity of 180 days or less or in money market funds meeting certain conditions under Rule 2a-7 of the Investment Company Act of 1940, as amended, which invest only in direct U.S. government treasury obligations.
 
The Company’s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay franchise and income taxes, none of the funds held in the Trust Account will be released until the earlier of: (i) the completion of the Initial Business Combination; or (ii) the redemption of 100% of the shares of common stock included in the units sold in the Public Offering if the Company is unable to complete an Initial Business Combination within 24 months from the closing of the Public Offering. In connection with the Extension (as defined in Note 9), the Company extended its liquidation date to (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on The Nasdaq Capital Market (“NASDAQ”), December 31, 2017. The Company expects to withdraw the interest earned from the funds held in the Trust Account to pay for franchise and income taxes.
 
Initial Business Combination
 
An Initial Business Combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account, excluding deferred underwriting commissions, advisory fees and taxes payable on the income earned by the Trust Account, at the time of the agreement to enter into the Initial Business Combination.
 
The Company, after signing a definitive agreement for the Initial Business Combination, will either (i) seek stockholder approval of the Initial Business Combination at a meeting called for such purpose in connection with which stockholders may seek to redeem their Public Shares, regardless of whether they vote for or against the Initial Business Combination (provided they in fact vote for or against the Initial Business Combination), for cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to the consummation of the Initial Business Combination, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes, or (ii) provide stockholders with the opportunity to sell their shares to the Company by means of a tender offer (and thereby avoid the need for a stockholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to commencement of the tender offer, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes. The decision as to whether the Company will seek stockholder approval of the Initial Business Combination or will allow stockholders to sell their shares in a tender offer will be made by the Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek stockholder approval.
 
If the Company seeks stockholder approval, it will complete the Initial Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the Initial Business Combination. In the event the Company seeks stockholder approval or conducts redemptions pursuant to the tender offer rules, then in no event will the Company redeem its public shares in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of its public shares and the related Initial Business Combination, and instead may search for an alternate Initial Business Combination.
 
The Company had 24 months from the closing of the Public Offering to complete its Initial Business Combination. Following the approvals of the proposals at the Special Meeting (as defined in Note 9) in October 2016, the Company amended and restated its charter, pursuant to which it will have until (i) October 1, 2017 or (ii) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017, to complete its Initial Business Combination (“Liquidation Date”). If the Company does not complete the Initial Business Combination within this period of time, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem 100% of the 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 on the funds held in the Trust Account and not previously released to the Company to pay franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then public shares outstanding, and (iii) as promptly as possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law, the balance of the Company’s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation. In the event of such distribution, it is possible that the per-share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the Public Offering.
 
Fiscal Year End
 
The Company has selected December 31 as its fiscal year end.
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
Significant Accounting Policies
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Significant Accounting Policies
2.
Significant Accounting Policies
 
Basis of Presentation
 
The accompanying unaudited interim financial statements of the Company should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on February 19, 2016. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all of the information and notes required by U.S. GAAP for a complete financial statement presentation. In the opinion of management, the interim financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of results for a full year.
 
Emerging Growth Company
 
Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) permits emerging growth companies to delay complying with new or revised financial accounting standards that do not yet apply to private companies (that is, those that have not had a Securities Act of 1933, as amended (the “Securities Act”), registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
 
Investments Held in Trust Account
 
The amounts held in the Trust Account represent substantially all of the proceeds of the Public Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of an Initial Business Combination. As of September 30, 2016, there was approximately $202,000 of interest income held in the Trust Account available to be released to the Company to pay its tax obligation.
 
Going Concern Consideration
 
If the Company does not complete an Initial Business Combination by Liquidation Date, the Company will (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 common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about the Company’s ability to continue as a going concern.
 
There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete an Initial Business Combination within the required time period.
 
Net Loss Per Common Share
 
Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period, plus to the extent dilutive, the incremental number of shares of common stock to settle warrants, as calculated using the treasury stock method. As the Company reported a net loss for the three and nine months ended September 30, 2016, the effect of the 12,000,000 warrants issued in the Public Offering and 6,550,000 warrants issued to ARC in connection with the private placement have not been considered in the diluted loss per common share because their effect would be anti-dilutive. An aggregate of 22,858,626 and 22,723,498 common stock subject to possible redemption at September 30, 2016 and 2015, respectively, have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the earnings in the Trust Account. As a result, diluted loss per common share is the same as basic loss per common share for the period.
 
Fair Value of Financial Instruments
 
The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented on the Company’s accompanying Condensed Balance Sheets.
 
Offering Costs
 
The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred in connection with the Public Offering and that were charged to stockholders’ equity. Upon the consummation of the Public Offering, an aggregate of $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined in Note 3) was charged to stockholders’ equity. In January 2016, upon the consultant’s inability to provide agreed services, an aggregate of $2.64 million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets (see Note 3).
 
Common Stock Subject to Possible Redemption
 
Under the Company’s amended and restated certificate of incorporation, all of the 24,000,000 Public Shares may be redeemed for cash in connection with the Company’s liquidation or a tender offer or stockholder approval in connection with an Initial Business Combination. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of FASB ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem the common stock sold as part of the units in the Public Offering in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001.
 
The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock shall be affected by charges against additional paid-in capital in accordance with ASC 480.
 
Accordingly, at September 30, 2016 and December 31, 2015, 22,858,626 and 22,700,592, respectively, of the 24,000,000 Public Shares were classified outside of permanent equity at its redemption value.
 
Income Taxes
 
The Company complies with the accounting and reporting requirements of FASB ASC 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets when it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit or expense is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit or expense is then measured to be the highest tax benefit or expense that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits or expenses as of September 30, 2016. The Company’s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of September 30, 2016. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company is subject to income tax examinations by Federal, state and local taxing authorities for all tax years since inception.
 
Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. The provision of income taxes was deemed to be immaterial for the period ended December 31, 2015. For the three and nine months ended September 30, 2016, the effective rate was 0% due to the establishment of a full valuation allowance.
 
Recent Accounting Pronouncements
 
Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
Public Offering
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Public Offering
3.
Public Offering
 
On October 7, 2014, the Company completed the Public Offering pursuant to which it sold 24,000,000 Public Units at a price of $10.00 per Unit, generated gross proceeds of $240 million. Offering costs associated with the Public Offering was approximately $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined below), payable upon the consummation of the Initial Business Combination. In January 2016, upon the consultant’s inability to provide agreed services, an aggregate of $2.64 million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets. Each Public Unit consists of one share of the Company’s common stock, $0.0001 par value per share, and one-half of one redeemable common stock purchase warrant, the Public Warrants. On October 7, 2016, following approval of the proposals at the Special Meeting (as defined in Note 9), the Company amended the warrant agreements for all of the 12,000,000 outstanding Public Warrants to convert all Public Warrants into right to receive $0.15 per Public Warrant, for an aggregate amount of $1.8 million, payable in cash of shares of the Company’s common stock at the discretion of the Company.
 
In addition to the underwriting discount paid upfront of $0.20 per Public Unit ($4.8 million in the aggregate) to the underwriters at the closing of the Public Offering, the Company agreed to pay additional fees (the “Deferred Fees”) of $8.4 million ($0.35 per Public Unit sold), comprised of (a) $5.76 million payable to the underwriters for deferred underwriting commissions and (b) $2.64 million payable to RCS Capital (“RCS”), a division of Realty Capital Securities, LLC, an entity then under common control with ARC, for financial advisory services in connection with the identification, evaluation, negotiation and completion of the Initial Business Combination. The Deferred Fees are payable to the underwriters and RCS solely in the event the Company completes an Initial Business Combination. The underwriters and RCS are not entitled to any interest accrued on the Deferred Fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS’s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS’s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS’s inability to provide the services contemplated by the M&A Services Agreement (as defined below), the Company provided notice of termination of the M&A Services Agreement for cause. As a result, as of September 30, 2016, the Deferred Fees in the amount of $2.64 million are no longer be payable to RCS and were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Transactions
4.
Related Party Transactions
 
Founder Shares
 
On August 1, 2014, ARC purchased 8,625,000 shares of the Company’s common stock (the “Founder Shares”) for $25,000, or approximately $0.003 per share. The Founder Shares are identical to the common stock included in the Public Units except that the Founder Shares are subject to certain transfer restrictions, as described in more detail below. On October 1, 2014, in connection with a reduction in the size of the Public Offering, ARC contributed to the Company 1,725,000 Founder Shares, which the Company canceled. Thereafter, ARC sold 20,000 Founder Shares at their original price to each of the Company’s independent directors. On December 5, 2014, as a result of the underwriters’ election not to exercise the overallotment option in connection with the Public Offering, the initial stockholders (as defined below) forfeited an aggregate of 900,000 Founder Shares, consisting of a forfeiture of 2,609 Founder Shares by each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich, and a forfeiture of 892,173 Founder Shares by ARC. As a result of the forfeiture, ARC held 5,947,827 Founder Shares, and each of David Gong, P. Sue Perrotty and Dr. Robert J. Froehlich held 17,391 Founder Shares, so that there were 6,000,000 Founder Shares outstanding. The number of Founder Shares represented 20% of the outstanding shares. In October 2016, pursuant to the Transfer Agreement (as defined in Note 9), ARC transferred all of its Founder Shares and Private Placement Warrants to the Company’s Sponsor.
 
The Founder Shares are identical to the common stock included in the Public Units sold in the Public Offering except that the Founder Shares are subject to certain transfer restrictions. The Company’s stockholder prior to the Public Offering, including their subsequent transferees (collectively, the “initial stockholders”) have agreed not to transfer, assign or sell any of their Founder Shares until the earlier of (a) one year after the completion of the Initial Business Combination, or earlier if, subsequent to the Initial Business Combination, the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the consummation of the Initial Business Combination or (b) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction that results in all of the Company’s stockholders having the right to exchange their shares of common stock for cash, securities or other property (the “Lock Up Period”).
 
 
 
Ownership of Founder Shares
 
 
 
 
 
Independent
 
Total Founder
 
 
 
ARC
 
Directors
 
Shares
 
Sale of common stock to initial stockholder on August 1, 2014
 
 
8,625,000
 
 
 
 
8,625,000
 
Forfeiture of shares on October 1, 2014(1)
 
 
(1,725,000)
 
 
 
 
(1,725,000)
 
Sale of Founder Shares to Company’s independent directors on October 1, 2014
 
 
(60,000)
 
 
60,000
 
 
 
Forfeiture of shares on December 5, 2014(2)
 
 
(892,173)
 
 
(7,827)
 
 
(900,000)
 
 
 
 
5,947,827
 
 
52,173
 
 
6,000,000
 
 
(1) In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares.
 
(2) As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares.
 
Private Placement Warrants
 
On October 7, 2014, ARC purchased from the Company an aggregate of 6,550,000 Private Placement Warrants at a price of $1.00 per Warrant (for an aggregate purchase price of $6.55 million) in a Private Placement that occurred simultaneously with the completion of the Public Offering. Each Private Placement Warrant entitles the holder to purchase one share of common stock at $12.50 per share, as amended upon approval of the proposals at the Special Meeting (as defined in Note 9). Of the $6.55 million purchase price of the Private Placement Warrants, $4.3 million of the purchase price of the Private Placement Warrants was added to the proceeds from the Public Offering to be held in the Trust Account pending completion of the Initial Business Combination.
 
The Private Placement Warrants (including the common stock issuable upon exercise of the Private Placement Warrants) will not be transferable, assignable or salable until 30 days after the completion of the Initial Business Combination and they will be non-redeemable so long as they are held by the initial purchasers of the Private Placement Warrants or their permitted transferees. In addition, the Private Placement Warrants are exercisable on a cashless basis so long as they are held by their initial purchasers or their permitted transferees. If the Private Placement Warrants are held by someone other than the initial purchasers of the Private Placement Warrants or their permitted transferees, the Private Placement Warrants will be redeemable by the Company and exercisable by such holders on the same basis as the warrants included in the Public Units. Otherwise, the Private Placement Warrants have terms and provisions that are identical to those of the warrants included in the Public Units and have no net cash settlement provisions.
 
If the Company does not complete an Initial Business Combination, then the proceeds from the sale of the Private Placement Warrants will be part of the liquidating distribution to the public stockholders and the Private Placement Warrants will expire worthless.
 
Loans from Related Parties
 
ARC agreed to loan the Company up to an aggregate of $200,000 by the issuance of the Note on August 1, 2014 to cover expenses related to the Public Offering. The Note was payable without interest upon the consummation of the Public Offering. From inception through October 7, 2014, ARC loaned $79,702 to the Company. The Note was repaid in full on October 8, 2014. Additionally, the Company had a due to affiliate of $88,800 to ARC for costs incurred by the Company, which was repaid on October 8, 2014.
 
Administrative Services Agreement
 
On September 8, 2014, the Company entered into an agreement to pay RCS Advisory Services, LLC (“RCS Advisory”), an entity then under common control with ARC, a total of $10,000 per month for office space, utilities, secretarial support and administrative services commencing on the date the Company’s securities are first listed on NASDAQ. Upon the earlier of the completion of the Initial Business Combination or the Company’s liquidation, the Company will cease paying these monthly fees. On January 22, 2016, due to the exigent circumstances publicly announced by RCS Advisory’s parent company, including but not limited to its stated intention to file for Chapter 11 bankruptcy protection and shut down all of its businesses other than its retail advisor platform by the end of January 2016 (such bankruptcy filing occurred on January 31, 2016 and on May 23, 2016, RCS’s parent company and its affiliated debtors emerged from bankruptcy under the new name, Aretec Group, Inc.), which resulted in RCS Advisory’s inability to provide the services contemplated by the administrative services agreement, the Company provided notice of termination of the administrative services agreement. The space formerly sublet by RCS Advisory for the Company’s office space was leased by ARC and provided to the Company free of charge. During the three and nine months ended September 30, 2016, the Company incurred $0 related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $30,000 and $90,000, respectively, related to services under this agreement. Upon the change in management in October 2016 (Note 9), the office space was no longer in use.
   
Compensation Reimbursement Agreement
 
On October 1, 2014, the Company entered into an agreement to pay ARC an amount not to exceed $15,000 per month as reimbursement for a portion of the compensation paid to its personnel, including certain of the Company’s officers who work on the Company’s behalf, commencing on the date the Company’s securities are first listed on NASDAQ (the “Compensation Reimbursement Agreement”). During the three and nine months ended September 30, 2016, the Company incurred $45,000 and $135,000, respectively, related to services under this agreement. During the three and nine months ended September 30, 2015, the Company incurred $45,000 and $135,000, respectively, related to services under this agreement.
 
On October 7, 2016, this arrangement was terminated, and ARC agreed that all amounts owed under such arrangement as of such date, or approximately $50,000, were contributed to capital (see Note 9).
 
Registration Rights Agreement
 
The holders of the Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of working capital loans (and any shares of common stock issuable upon the exercise of the Private Placement Warrants and warrants that may be issued upon conversion of working capital loans) will be entitled to registration rights pursuant to a registration rights agreement signed on October 1, 2014 (the “Registration Rights Agreement”). The holders of the majority of these securities are entitled to make up to three demands, excluding short form demands, that the Company register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the Company’s completion of the Initial Business Combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act. However, the Registration Rights Agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lock-up period, which occurs (a) in the case of the Founder Shares, one year after the date of the consummation of the Initial Business Combination or earlier if, subsequent to the Initial Business Combination, (i) the last sale price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing at least 150 days after the Initial Business Combination, or (ii) the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of its stockholders having the right to exchange their shares of common stock for cash, securities or other property and (b) in the case of the Private Placement Warrants and the respective common stock underlying such Private Placement Warrants, 30 days after the completion of the Initial Business Combination. The Company will bear the expenses incurred in connection with the filing of any such registration statements.
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.5.0.2
Deferred Underwriting Commissions
9 Months Ended
Sep. 30, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Deferred Underwriting Commissions
5.
Deferred Underwriting Commissions
 
The Company is committed to pay a portion of the Deferred Fees totaling $5.76 million, or 2.4% of gross offering proceeds of the Public Offering, to the underwriters upon the Company’s consummation of an Initial Business Combination. The underwriters will not be entitled to any interest accrued on their portion of the Deferred Fees, and no portion of the Deferred Fee is payable to the underwriters if there is no Initial Business Combination.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Trust Account
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Trust Account
6.
Trust Account
 
A total of $240 million from the net proceeds of the sale of the Public Units in the Public Offering and the Private Placement was been placed in the Trust Account. As of September 30, 2016 and December 31, 2015, the balance in the Trust Account was approximately $240.2 million and $240 million, respectively. For the three and nine months ended September 30, 2016, the Company withdrew $0 and $107,503, respectively, in funds from interest earned on the trust proceeds to pay for franchise taxes. No amounts were withdrawn for the three and nine months ended September 30, 2015.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Fair Value Measurements
7.
Fair Value Measurements
 
The Company complies with ASC 820, “Fair Value Measurement”, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually.
 
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:
 
 
 
 
 
Quoted Prices in
 
Significant Other
 
Significant Other
 
 
 
 
 
Active Markets
 
Observable
 
Unobservable
 
Description
 
September 30, 2016
 
(Level 1)
 
Inputs (Level 2)
 
Inputs (Level 3)
 
Assets:
 
 
 
 
 
 
 
 
 
Money market funds held in Trust Account
 
$
240,202,043
 
$
240,202,043
 
$
 
$
 
 
 
 
 
 
Quoted Prices in
 
Significant Other
 
Significant Other
 
 
 
 
 
Active Markets
 
Observable
 
Unobservable
 
Description
 
December 31, 2015
 
(Level 1)
 
Inputs (Level 2)
 
Inputs (Level 3)
 
Assets:
 
 
 
 
 
 
 
 
 
Money market funds held in Trust Account
 
$
240,018,972
 
$
240,018,972
 
$
 
$
 
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stockholder's Equity
9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Stockholder's Equity
8.
Stockholder’s Equity
 
Common Stock - The authorized common stock of the Company includes up to 400,000,000 shares. Holders of the Company’s common stock are entitled to one vote for each share of common stock. At September 30, 2016 and December 31, 2015, there were 30,000,000 shares of common stock outstanding, including 22,858,626 and 22,700,592 shares that were subject to possible redemption at September 30, 2016 and December 31, 2015, respectively.
 
Preferred Stock - The authorized preferred stock of the Company includes up to 1,000,000 shares. At September 30, 2016 and December 31, 2015, there were no shares of preferred stock issued and outstanding.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
9.
Subsequent Events
 
Special Meeting
 
On October 6, 2016, the Company held a special meeting of stockholders public warrantholders (“Special Meeting”). Following the approval of the proposals at the Special Meeting, the Company filed an amendment to its amended and restated certificate of incorporation to: (i) extend the date by which it must complete an Initial Business Combination to (a) October 1, 2017 or (b) if prior to October 1, 2017, the Company publicly discloses that an extension past October 1, 2017 will not prevent the Company from maintaining the listing of its securities on NASDAQ, December 31, 2017 (“Extension”), and (ii) to change the Company’s name from “AR Capital Acquisition Corp.” to “Axar Acquisition Corp.”
 
At the Special Meeting, shareholders holding 21,493,889 Public Shares exercised their right to convert such Public Shares into a pro rata portion of the Trust Account. As a result, an aggregate of approximately $215 million (or approximately $10.00 per share) were removed from the Trust Account to pay such holders.
 
On October 7, 2016, following approval of the proposals at the Special Meeting, the Company amended the warrant agreements for all of the 12,000,000 outstanding Public Warrants to: (i) convert all Public Warrants into right to receive $0.15 per Public Warrant, for an aggregate amount of $1.8 million, payable in cash or shares of the Company’s common stock at the discretion of the Company, and (ii) increase the exercise price of the Private Placement Warrants from 11.50 to $12.50 per share. In addition, the Company’s Board of Directors declared a dividend on the Company’s common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share (each a “New Warrant”). The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which the Company completes an Initial Business Combination and (ii) October 17, 2017. The Company’s independent directors agreed to waive their right to receive the dividend. As a result, the Company has issued an aggregate of 1,253,055 New Warrants in October 2016.
 
Agreements with Sponsor
 
Pursuant to the agreement by and among the Company in October 2016 (“Transfer Agreement”), ARC, the Company’s former sponsor (ARC), transferred all of its Founder Shares (as defined in Note 4) and Private Placement Warrants to the Company’s Sponsor, Axar Master Fund Ltd. Upon consummation of the Initial Business Combination, the Sponsor agreed to automatically forfeit, for no consideration, a number of Founder Shares equal to the excess of (if positive) of (a) 6,000,000 over (b) 25% of the sum of (i) total Public Shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero.
 
Effective upon the closing of the Transfer Agreement, (i) Andrew Axelrod was appointed as Chief Executive Officer and Executive Chairman of the Board of Directors, Lionel Benichou was appointed as Chief Financial Officer, and (ii) Nicholas S. Schorsch, Nicholas Radesca and William Kahane each resigned from their positions as officers and directors of the Company.
 
Also on October 7, 2016, ARC agreed to terminate its Compensation Reimbursement Agreement with the Company and agreed that all amounts owed under such arrangements, or approximately $50,000, were contributed to capital. In addition, ARC contributed approximately $770,000 to capital in October 2016 to pay for the Company’s outstanding payables.
 
Pursuant to the Transfer Agreement, the Sponsor agreed to lend the Company on January 1, 2017 and on the first business day of each of the following three fiscal quarters commencing thereafter (or, if the Extension date is October 1, 2017, the following two fiscal quarters commencing thereafter) approximately $125,300, which amounts will be deposited in the Trust Account. The Sponsor has also agreed to lend the Company up to $2 million for working capital and other expenses. The Loans will be non-interest bearing and repayable by the Company to the Sponsor upon consummation of an Initial Business Combination. If a Business Combination is not consummated, the note will not be repaid by the Company and all amounts owed thereunder by the Company will be forgiven, except to the extent that the Company had funds available outside of the Trust Account.
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.5.0.2
Significant Accounting Policies (Policies)
9 Months Ended
Sep. 30, 2016
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
 
The accompanying unaudited interim financial statements of the Company should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K filed with the SEC on February 19, 2016. The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 and Article 10 of Regulation S-X. Accordingly, since they are interim statements, the accompanying financial statements do not include all of the information and notes required by U.S. GAAP for a complete financial statement presentation. In the opinion of management, the interim financial statements reflect all adjustments (consisting of normal, recurring adjustments) that are necessary for a fair presentation of the financial position, results of operations and cash flows for the periods presented. Interim results are not necessarily indicative of results for a full year.
Emerging Growth Company
Emerging Growth Company
 
Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”) permits emerging growth companies to delay complying with new or revised financial accounting standards that do not yet apply to private companies (that is, those that have not had a Securities Act of 1933, as amended (the “Securities Act”), registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Investments Held in Trust Account
Investments Held in Trust Account
 
The amounts held in the Trust Account represent substantially all of the proceeds of the Public Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of an Initial Business Combination. As of September 30, 2016, there was approximately $202,000 of interest income held in the Trust Account available to be released to the Company to pay its tax obligation.
Going Concern Consideration
Going Concern Consideration
 
If the Company does not complete an Initial Business Combination by Liquidation Date, the Company will (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 common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay its franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses), 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 Company’s remaining stockholders and the Company’s board of directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. This mandatory liquidation and subsequent dissolution requirement raises substantial doubt about the Company’s ability to continue as a going concern.
 
There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless if the Company fails to complete an Initial Business Combination within the required time period.
Net Loss Per Common Share
Net Loss Per Common Share
 
Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding during the period, plus to the extent dilutive, the incremental number of shares of common stock to settle warrants, as calculated using the treasury stock method. As the Company reported a net loss for the three and nine months ended September 30, 2016, the effect of the 12,000,000 warrants issued in the Public Offering and 6,550,000 warrants issued to ARC in connection with the private placement have not been considered in the diluted loss per common share because their effect would be anti-dilutive. An aggregate of 22,858,626 and 22,723,498 common stock subject to possible redemption at September 30, 2016 and 2015, respectively, have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the earnings in the Trust Account. As a result, diluted loss per common share is the same as basic loss per common share for the period.
Fair Value of Financial Instruments
Fair Value of Financial Instruments
 
The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented on the Company’s accompanying Condensed Balance Sheets.
Offering Costs
Offering Costs
 
The Company complies with the requirements of FASB ASC 340-10-S99-1 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A - “Expenses of Offering”. Offering costs consist principally of professional and registration fees incurred in connection with the Public Offering and that were charged to stockholders’ equity. Upon the consummation of the Public Offering, an aggregate of $13.3 million, inclusive of $4.8 million of underwriting fees paid upfront, and $8.4 million of Deferred Fees (as defined in Note 3) was charged to stockholders’ equity. In January 2016, upon the consultant’s inability to provide agreed services, an aggregate of $2.64 million in Deferred Fees were reversed from deferred underwriting commissions and advisory fees and additional paid-in capital on the Company’s accompanying Condensed Balance Sheets (see Note 3).
Redeemable Common Stock
Common Stock Subject to Possible Redemption
 
Under the Company’s amended and restated certificate of incorporation, all of the 24,000,000 Public Shares may be redeemed for cash in connection with the Company’s liquidation or a tender offer or stockholder approval in connection with an Initial Business Combination. In accordance with FASB ASC 480, redemption provisions not solely within the control of the Company require the security to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of FASB ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that in no event will it redeem the common stock sold as part of the units in the Public Offering in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001.
 
The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of the security to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock shall be affected by charges against additional paid-in capital in accordance with ASC 480.
 
Accordingly, at September 30, 2016 and December 31, 2015, 22,858,626 and 22,700,592, respectively, of the 24,000,000 Public Shares were classified outside of permanent equity at its redemption value.
Income Taxes
Income Taxes
 
The Company complies with the accounting and reporting requirements of FASB ASC 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. A valuation allowance is established when necessary to reduce deferred tax assets when it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes” (“FIN 48”) (now incorporated into FASB ASC 740, Income Taxes), sets out a consistent framework to determine the appropriate level of tax reserves to maintain for uncertain tax positions. This interpretation uses a two-step approach wherein a tax benefit or expense is recognized if a position is more-likely-than-not to be sustained upon examination by taxing authorities. The amount of the benefit or expense is then measured to be the highest tax benefit or expense that is greater than 50% likely to be realized. Based on its analysis, the Company has determined that it has no unrecognized tax benefits or expenses as of September 30, 2016. The Company’s conclusion may be subject to review and adjustment at a later date based on factors including, but not limited to, on-going analyses of and changes to tax laws, regulations and interpretations thereof. The Company recognizes interest and penalties related to unrecognized tax benefits in interest expense and other expenses, respectively. No interest expense or penalties have been recognized as of September 30, 2016. The Company files an income tax return in the U.S. federal jurisdiction, and may file income tax returns in various U.S. states and foreign jurisdictions. The Company may be subject to potential examination by U.S. federal, U.S. states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income among various tax jurisdictions and compliance with U.S. federal, U.S. state and foreign tax laws. The Company is subject to income tax examinations by Federal, state and local taxing authorities for all tax years since inception.
 
Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position. The provision of income taxes was deemed to be immaterial for the period ended December 31, 2015. For the three and nine months ended September 30, 2016, the effective rate was 0% due to the establishment of a full valuation allowance.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
 
Management does not believe that any other recently issued, but not yet effective, accounting standards if currently adopted would have a material effect on the accompanying financial statements.
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions (Tables)
9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]  
Related Party Ownership
 
 
 
Ownership of Founder Shares
 
 
 
 
 
Independent
 
Total Founder
 
 
 
ARC
 
Directors
 
Shares
 
Sale of common stock to initial stockholder on August 1, 2014
 
 
8,625,000
 
 
 
 
8,625,000
 
Forfeiture of shares on October 1, 2014(1)
 
 
(1,725,000)
 
 
 
 
(1,725,000)
 
Sale of Founder Shares to Company’s independent directors on October 1, 2014
 
 
(60,000)
 
 
60,000
 
 
 
Forfeiture of shares on December 5, 2014(2)
 
 
(892,173)
 
 
(7,827)
 
 
(900,000)
 
 
 
 
5,947,827
 
 
52,173
 
 
6,000,000
 
 
(1) In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares.
 
(2) As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares.
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2016
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
The following table presents information about the Company’s assets that are measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015, and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability:
 
 
 
 
 
Quoted Prices in
 
Significant Other
 
Significant Other
 
 
 
 
 
Active Markets
 
Observable
 
Unobservable
 
Description
 
September 30, 2016
 
(Level 1)
 
Inputs (Level 2)
 
Inputs (Level 3)
 
Assets:
 
 
 
 
 
 
 
 
 
Money market funds held in Trust Account
 
$
240,202,043
 
$
240,202,043
 
$
 
$
 
 
 
 
 
 
Quoted Prices in
 
Significant Other
 
Significant Other
 
 
 
 
 
Active Markets
 
Observable
 
Unobservable
 
Description
 
December 31, 2015
 
(Level 1)
 
Inputs (Level 2)
 
Inputs (Level 3)
 
Assets:
 
 
 
 
 
 
 
 
 
Money market funds held in Trust Account
 
$
240,018,972
 
$
240,018,972
 
$
 
$
 
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.5.0.2
Organization and Business Operations (Details Textual) - USD ($)
1 Months Ended 9 Months Ended
Oct. 31, 2014
Sep. 30, 2016
Oct. 07, 2014
Aug. 01, 2014
Debt Instrument [Line Items]        
Aggregate fair market value   80.00%    
Required asset minimum   $ 5,000,001    
Proceeds from sale of trust assets to pay expenses   $ 100,000    
Unsecured Debt        
Debt Instrument [Line Items]        
Debt amount       $ 79,702
IPO        
Debt Instrument [Line Items]        
Share price (in dollars per share)   $ 10.00 $ 10.00  
Proceeds from issuance   $ 240,000,000    
Closing of public offering requirement   24 months    
Stock Issued During Period, Value, New Issues $ 240,000,000      
Payments for Underwriting Expense $ 4,800,000      
Stock Issued During Period, Shares, New Issues 24,000,000      
Payments of Stock Issuance Costs $ 13,300,000      
Payments for Other Fees 8,400,000      
Private Placement [Member] | Warrant        
Debt Instrument [Line Items]        
Proceeds from issuance of private placement $ 6,550,000      
Share price (in dollars per share)     $ 1.00  
Stock Issued During Period, Shares, New Issues 6,550,000      
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Significant Accounting Policies (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Oct. 31, 2014
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
Jan. 31, 2016
Dec. 31, 2015
Oct. 07, 2014
Class of Stock [Line Items]              
Percentage of common stock to be redeemed in event of liquidation   100.00% 100.00%        
Maximum amount to pay dissolution expenses   $ 100,000 $ 100,000        
Antidilutive securities (in shares)     22,858,626 22,723,498      
Maximum redemption threshold of net tangible assets   $ 5,000,001 $ 5,000,001        
Common stock, subject to redemption (in shares)   22,858,626 22,858,626     22,700,592  
Investment Income, Interest     $ 290,574 $ 6,639      
Effective Income Tax Rate Reconciliation, Percent   0.00% 0.00%        
Underwriter [Member]              
Class of Stock [Line Items]              
Deferred Offering Costs         $ 2,640,000    
Trust Account [Member]              
Class of Stock [Line Items]              
Investment Income, Interest     $ 202,000        
IPO              
Class of Stock [Line Items]              
Common stock, subject to redemption (in shares)   24,000,000 24,000,000        
Payments of Stock Issuance Costs $ 13,300,000            
Payments for Underwriting Expense 4,800,000            
Payments for Other Fees $ 8,400,000            
Deferred Offering Costs   $ 2,640,000 $ 2,640,000        
IPO | Underwriter [Member]              
Class of Stock [Line Items]              
Deferred Offering Costs             $ 5,760,000
Warrant              
Class of Stock [Line Items]              
Antidilutive securities (in shares)   12,000,000 12,000,000        
Warrant | Sponsor              
Class of Stock [Line Items]              
Antidilutive securities (in shares)   6,550,000 6,550,000        
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.5.0.2
Public Offering (Details Textual) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended
Oct. 07, 2016
Oct. 31, 2014
Sep. 30, 2016
Jan. 31, 2016
Dec. 31, 2015
Oct. 07, 2014
Related Party Transactions [Abstract]            
Common stock, par value per share (in dollars per share)     $ 0.0001   $ 0.0001  
Class of Warrant or Right, Exercise Price of Warrants or Rights           $ 12.50
Public Warrants [Member]            
Related Party Transactions [Abstract]            
Class of Warrant or Right, Outstanding 12,000,000          
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 0.15          
Stock Issued During Period, Value, Conversion of Units $ 1,800          
Underwriter            
Related Party Transactions [Abstract]            
Deferred offering costs       $ 2,640    
IPO            
Related Party Transactions [Abstract]            
Share price (in dollars per share)     $ 10.00     10.00
Common stock, par value per share (in dollars per share)           0.0001
Expense related to distribution or servicing and underwriting fees (in dollars per share)           0.20
Expense related to distribution or servicing and underwriting fees   $ 4,800        
Deferred offering costs     $ 2,640      
Public offering, discounted underwriting per unit           $ 0.35
Payments of Stock Issuance Costs   13,300        
Payments for Underwriting Expense   4,800        
Payments for Other Fees   $ 8,400        
Stock Issued During Period, Shares, New Issues   24,000,000        
Stock Issued During Period, Value, New Issues   $ 240,000        
IPO | Underwriter            
Related Party Transactions [Abstract]            
Deferred offering costs           $ 5,760
IPO | RCS Capital            
Related Party Transactions [Abstract]            
Deferred offering costs           $ 2,640
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions (Details) - shares
Dec. 05, 2014
Oct. 01, 2014
Aug. 01, 2014
Sep. 30, 2016
Dec. 31, 2015
Related Party Transaction [Line Items]          
Common stock, shares outstanding (in shares)       7,141,374 7,299,408
Sponsor          
Related Party Transaction [Line Items]          
Common stock, shares outstanding (in shares) 5,947,827 (60,000) 8,625,000    
Forfeited shares (in shares) (892,173) [1] (1,725,000) [2]      
Common stock, shares outstanding (in shares)       5,947,827  
Independent Directors          
Related Party Transaction [Line Items]          
Common stock, shares outstanding (in shares)   60,000 0    
Forfeited shares (in shares) (7,827) [1] 0 [2]      
Common stock, shares outstanding (in shares)       52,173  
Total Founder Shares          
Related Party Transaction [Line Items]          
Common stock, shares outstanding (in shares)   0 8,625,000    
Forfeited shares (in shares) (900,000) [1] (1,725,000) [2]      
Common stock, shares outstanding (in shares)       6,000,000  
[1] As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares.
[2] In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares.
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Related Party Transactions (Details Textual) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended
Oct. 07, 2016
Dec. 05, 2014
Oct. 07, 2014
Oct. 01, 2014
Sep. 08, 2014
Aug. 01, 2014
Oct. 31, 2014
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Oct. 06, 2016
Dec. 31, 2015
Oct. 08, 2014
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)               7,141,374   7,141,374     7,299,408  
Class of warrant or right, exercise price of warrants or rights (in dollars per share)     $ 12.50                      
Common stock held in trust     $ 4,300,000                      
Promissory note to affiliate           $ 200,000                
Franchise tax payable     $ 79,702         $ 27,000   $ 27,000     $ 116,877  
Administrative fee               0 $ 30,000 0 $ 90,000      
Compensation reimbursement fee               $ 45,000 $ 45,000 $ 135,000 $ 135,000      
Subsequent Event [Member]                            
Related Party Transaction [Line Items]                            
Sale of stock, price per share (in dollars per share)                       $ 10.00    
Sponsor                            
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)   5,947,827   (60,000)   8,625,000                
Proceeds from sale of common stock to initial stockholder           $ 25,000                
Sale of stock, price per share (in dollars per share)           $ 0.003                
Public offering, forfeited shares   892,173 [1]   1,725,000 [2]                    
Common stock sold, founders shares       20,000                    
Common stock, shares outstanding (in shares)               5,947,827   5,947,827        
Percentage of shares outstanding   20.00%                        
Trading period allowed after business combination       1 year                    
Common stock, conversion basis, cash payout       $ 12.00                    
Trading period for initial stockholders commencing date       20 days                    
Trading day period commencing after business combination       30 days                    
Period after initial business combination for initial business trading       150 days                    
Temporary equity, shares authorized     6,550,000                      
Class of warrant or right, exercise price of warrants or rights (in dollars per share)     $ 1.00                      
Proceeds from warrant exercises     $ 6,550,000                      
Due to affiliate                           $ 88,800
Sponsor | Subsequent Event [Member]                            
Related Party Transaction [Line Items]                            
Debt Conversion, Converted Instrument, Amount $ 50,000                          
Total Founder Shares                            
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)       0   8,625,000                
Public offering, forfeited shares   900,000 [1]   1,725,000 [2]                    
Common stock, shares outstanding (in shares)               6,000,000   6,000,000        
IPO                            
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)             24,000,000              
Sale of stock, price per share (in dollars per share)     $ 10.00         $ 10.00   $ 10.00        
Shares Forfeited by Founder | Sponsor                            
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)   6,000,000                        
Shares Forfeited by Founder | Total Founder Shares                            
Related Party Transaction [Line Items]                            
Public offering, forfeited shares   900,000                        
Office Space, Utilities, Secretarial Support and Administrative Services | IPO | Affiliated Entity                            
Related Party Transaction [Line Items]                            
Administrative fees expense         $ 10,000                  
Reimbursement for Compensation | IPO | Affiliated Entity                            
Related Party Transaction [Line Items]                            
Administrative fees expense       $ 15,000                    
Shares Forfeited by David Gong | Sponsor                            
Related Party Transaction [Line Items]                            
Common stock, shares outstanding (in shares)   17,391                        
Sponsor shares forfeited (in shares)   2,609                        
Shares Forfeited by Sponsor | Sponsor                            
Related Party Transaction [Line Items]                            
Sponsor shares forfeited (in shares)   892,173                        
Warrant | Sponsor                            
Related Party Transaction [Line Items]                            
Period after initial business combination for initial business trading       30 days                    
[1] As a result of the underwriters’ election not to exercise the over-allotment option in connection with the Public Offering, the initial stockholders forfeited an aggregate of 900,000 Founder Shares.
[2] In connection with a reduction in the size of the Public Offering, ARC forfeited 1,725,000 Founder Shares.
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Deferred Underwriting Commissions (Details Textual)
$ in Thousands
Sep. 30, 2016
USD ($)
Deferred Underwriting Commissions and Advisory Fees Required to Be Repaid $ 5,760
Deferred Underwriting Commissions and Advisory Fees Required to Be Repaid, Percentage of Gross Proceeds 0.00%
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
Trust Account (Details Textual) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2016
Sep. 30, 2015
Dec. 31, 2015
Payments to acquire restricted investments   $ 240,000,000    
Cash and marketable securities held in Trust Account $ 240,200,000 240,200,000   $ 240,000,000
Withdrawal of Trust Account funds for payment of Delaware franchise tax $ 0 $ 107,503 $ 0  
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.5.0.2
Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds held in Trust Account $ 240,202,043 $ 240,018,972
Quoted Prices in Active Markets (Level 1)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds held in Trust Account 240,202,043 240,018,972
Significant Other Observable Inputs (Level 2)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds held in Trust Account 0 0
Significant Other Unobservable Inputs (Level 3)    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Money market funds held in Trust Account $ 0 $ 0
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.5.0.2
Stockholder's Equity (Details Textual)
Sep. 30, 2016
shares
Dec. 31, 2015
shares
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Common stock, subject to redemption (in shares) 22,858,626 22,700,592
Preferred stock, shares authorized (in shares) 1,000,000 1,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Common Stock [Member]    
Common stock, shares authorized (in shares) 400,000,000 400,000,000
Votes per share 1  
Common stock and temporary equity, shares, outstanding (in shares) 30,000,000 30,000,000
Common stock, subject to redemption (in shares) 22,858,626 22,700,592
Preferred Stock [Member]    
Preferred stock, shares authorized (in shares) 1,000,000 1,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events (Details Textual) - USD ($)
1 Months Ended
Oct. 07, 2016
Oct. 06, 2016
Oct. 31, 2016
Sep. 30, 2016
Oct. 07, 2014
Aug. 01, 2014
Subsequent Event [Line Items]            
Class of Warrant or Right, Exercise Price of Warrants or Rights         $ 12.50  
January 01, 2017 [Member]            
Subsequent Event [Line Items]            
Assets Held-in-trust, Current       $ 125,300    
Investor [Member]            
Subsequent Event [Line Items]            
Share Price           $ 0.003
Class of Warrant or Right, Exercise Price of Warrants or Rights         $ 1.00  
Public Warrants [Member]            
Subsequent Event [Line Items]            
Class of Warrant or Right, Outstanding 12,000,000          
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 0.15          
Stock Issued During Period, Value, Conversion of Units $ 1,800,000          
Subsequent Event [Member]            
Subsequent Event [Line Items]            
Stock Repurchased During Period, Shares   21,493,889        
Payments for Repurchase of Initial Public Offering   $ 215,000,000        
Share Price   $ 10.00        
Class of Warrant Or Right, Exercisable Period, Description The New Warrants will not be exercisable until the later of (i) the date that is 30 days after the first date on which the Company completes an Initial Business Combination and (ii) October 17, 2017.          
Dividend Declared, Description In addition, the Companys Board of Directors declared a dividend on the Companys common stock consisting of one-half of one warrant per share of common stock, with each whole warrant exercisable to purchase one share of common stock at $12.50 per share          
Class Of Warrant Or Right, Warrant issued 1,253,055          
Working Capital Provided By Sponsor     $ 2,000,000      
Subsequent Event [Member] | Investor [Member]            
Subsequent Event [Line Items]            
Debt Conversion, Converted Instrument, Amount $ 50,000          
Proceeds from Contributed Capital $ 770,000          
Subsequent Event [Member] | Shares Forfeited by Founder [Member]            
Subsequent Event [Line Items]            
Number Of Share Forfeited, Description     (a) 6,000,000 over (b) 25% of the sum of (i) total Public Shares outstanding plus (ii) the excess of (x) the total number of shares of common stock issued or deemed issued, or issuable upon the conversion of exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection with the consummation of the Initial Business Combination, excluding any shares of common stock or equity-linked securities exercisable for or convertible into shares of common stock issued, or to be issued, to any seller in the Initial Business Combination or the Sponsor and its affiliates, over (y) the total number of Public Shares redeemed in connection with the Business Combination. No Founder Shares should be forfeited if sum of the forgoing (a) and (b) is equal to or less than zero.      
Subsequent Event [Member] | Public Warrants [Member]            
Subsequent Event [Line Items]            
Class of Warrant or Right, Outstanding 12,000,000          
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 0.15          
Stock Issued During Period, Value, Conversion of Units $ 1,800,000          
Subsequent Event [Member] | Private Warrants [Member] | Minimum [Member]            
Subsequent Event [Line Items]            
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 11.50          
Subsequent Event [Member] | Private Warrants [Member] | Maximum [Member]            
Subsequent Event [Line Items]            
Class of Warrant or Right, Exercise Price of Warrants or Rights $ 12.50          
EXCEL 40 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 41 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 42 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 44 FilingSummary.xml IDEA: XBRL DOCUMENT 3.5.0.2 html 77 143 1 true 30 0 false 4 false false R1.htm 101 - Document - Document And Entity Information Sheet http://www.arcapitalacquisitioncorp.com/role/DocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 102 - Statement - CONDENSED BALANCE SHEETS Sheet http://www.arcapitalacquisitioncorp.com/role/CondensedBalanceSheets CONDENSED BALANCE SHEETS Statements 2 false false R3.htm 103 - Statement - CONDENSED BALANCE SHEETS (Parenthetical) Sheet http://www.arcapitalacquisitioncorp.com/role/CondensedBalanceSheetsParenthetical CONDENSED BALANCE SHEETS (Parenthetical) Statements 3 false false R4.htm 104 - Statement - CONDENSED STATEMENTS OF OPERATIONS Sheet http://www.arcapitalacquisitioncorp.com/role/CondensedStatementsOfOperations CONDENSED STATEMENTS OF OPERATIONS Statements 4 false false R5.htm 105 - Statement - CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) Sheet http://www.arcapitalacquisitioncorp.com/role/CondensedStatementsOfOperationsParenthetical CONDENSED STATEMENTS OF OPERATIONS (Parenthetical) Statements 5 false false R6.htm 106 - Statement - CONDENSED STATEMENTS OF CASH FLOWS Sheet http://www.arcapitalacquisitioncorp.com/role/CondensedStatementsOfCashFlows CONDENSED STATEMENTS OF CASH FLOWS Statements 6 false false R7.htm 107 - Disclosure - Organization and Business Operations Sheet http://www.arcapitalacquisitioncorp.com/role/OrganizationAndBusinessOperations Organization and Business Operations Notes 7 false false R8.htm 108 - Disclosure - Significant Accounting Policies Sheet http://www.arcapitalacquisitioncorp.com/role/SignificantAccountingPolicies Significant Accounting Policies Notes 8 false false R9.htm 109 - Disclosure - Public Offering Sheet http://www.arcapitalacquisitioncorp.com/role/PublicOffering Public Offering Notes 9 false false R10.htm 110 - Disclosure - Related Party Transactions Sheet http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactions Related Party Transactions Notes 10 false false R11.htm 111 - Disclosure - Deferred Underwriting Commissions Sheet http://www.arcapitalacquisitioncorp.com/role/DeferredUnderwritingCommissions Deferred Underwriting Commissions Notes 11 false false R12.htm 112 - Disclosure - Trust Account Sheet http://www.arcapitalacquisitioncorp.com/role/TrustAccount Trust Account Notes 12 false false R13.htm 113 - Disclosure - Fair Value Measurements Sheet http://www.arcapitalacquisitioncorp.com/role/FairValueMeasurements Fair Value Measurements Notes 13 false false R14.htm 114 - Disclosure - Stockholder's Equity Sheet http://www.arcapitalacquisitioncorp.com/role/StockholdersEquity Stockholder's Equity Notes 14 false false R15.htm 115 - Disclosure - Subsequent Events Sheet http://www.arcapitalacquisitioncorp.com/role/SubsequentEvents Subsequent Events Notes 15 false false R16.htm 116 - Disclosure - Significant Accounting Policies (Policies) Sheet http://www.arcapitalacquisitioncorp.com/role/SignificantAccountingPoliciesPolicies Significant Accounting Policies (Policies) Policies http://www.arcapitalacquisitioncorp.com/role/SignificantAccountingPolicies 16 false false R17.htm 117 - Disclosure - Related Party Transactions (Tables) Sheet http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactionsTables Related Party Transactions (Tables) Tables http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactions 17 false false R18.htm 118 - Disclosure - Fair Value Measurements (Tables) Sheet http://www.arcapitalacquisitioncorp.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://www.arcapitalacquisitioncorp.com/role/FairValueMeasurements 18 false false R19.htm 119 - Disclosure - Organization and Business Operations (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/OrganizationAndBusinessOperationsDetailsTextual Organization and Business Operations (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/OrganizationAndBusinessOperations 19 false false R20.htm 120 - Disclosure - Significant Accounting Policies (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/SignificantAccountingPoliciesDetailsTextual Significant Accounting Policies (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/SignificantAccountingPoliciesPolicies 20 false false R21.htm 121 - Disclosure - Public Offering (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/PublicOfferingDetailsTextual Public Offering (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/PublicOffering 21 false false R22.htm 122 - Disclosure - Related Party Transactions (Details) Sheet http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactionsDetails Related Party Transactions (Details) Details http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactionsTables 22 false false R23.htm 123 - Disclosure - Related Party Transactions (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactionsDetailsTextual Related Party Transactions (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/RelatedPartyTransactionsTables 23 false false R24.htm 124 - Disclosure - Deferred Underwriting Commissions (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/DeferredUnderwritingCommissionsDetailsTextual Deferred Underwriting Commissions (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/DeferredUnderwritingCommissions 24 false false R25.htm 125 - Disclosure - Trust Account (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/TrustAccountDetailsTextual Trust Account (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/TrustAccount 25 false false R26.htm 126 - Disclosure - Fair Value Measurements (Details) Sheet http://www.arcapitalacquisitioncorp.com/role/FairValueMeasurementsDetails Fair Value Measurements (Details) Details http://www.arcapitalacquisitioncorp.com/role/FairValueMeasurementsTables 26 false false R27.htm 127 - Disclosure - Stockholder's Equity (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/StockholdersEquityDetailsTextual Stockholder's Equity (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/StockholdersEquity 27 false false R28.htm 128 - Disclosure - Subsequent Events (Details Textual) Sheet http://www.arcapitalacquisitioncorp.com/role/SubsequentEventsDetailsTextual Subsequent Events (Details Textual) Details http://www.arcapitalacquisitioncorp.com/role/SubsequentEvents 28 false false All Reports Book All Reports axar-20160930.xml axar-20160930.xsd axar-20160930_cal.xml axar-20160930_def.xml axar-20160930_lab.xml axar-20160930_pre.xml true true ZIP 46 0001144204-16-132608-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001144204-16-132608-xbrl.zip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end