SUBSEQUENT EVENTS (Tables)

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

Share Conversion And other Share Related Transaction Upon Domestication [Table Text Block]

The table below summarizes the transition from GPIA’s ordinary shares converted to Company Shares as a result of the domestication, along with activity that occurred in connection with the consummation of the mergers, as of the closing date, October 10, 2017:

	GPIA Ordinary			Closing Activity									Company
	Shares			Public			Common Stock Purchases						Shares
	Converted in			Share			Sponsor Equity			Other			Before
	Domestication			Redemptions			Commitment			Investments			Mergers
Public shares:
Shareholders		15,697,276	(1)		(14,286,064)	(2)		-			-			1,411,212
Non-public shares:
GPIC, Ltd. (the "Sponsor")		4,252,500	(1)		-			3,600,000	(3)		-			7,852,500
GPIA independent directors		60,000	(1)		-			-			-			60,000
Citigroup and Cowen		-			-			-			388,437	(4)		388,437
Total		20,009,776			(14,286,064)			3,600,000			388,437			9,712,149

⁽¹⁾ Represents the number of GPIA’s issued and outstanding ordinary shares that were converted to Company Shares upon completion of the domestication.

⁽²⁾ In connection with the transactions, the holders of GPIA’s public shares were permitted to elect to redeem their public shares for cash. Accordingly, holders of 14,286,064 shares elected redemption at a price of approximately $10.07 per share, resulting in aggregate redemption payments of approximately $143,904,000.

⁽³⁾ On the effective date, but prior to the closing, the Sponsor purchased in the aggregate 3,600,000 ordinary shares of GPIA in a private placement at an issuance price of $10.00 per share for gross proceeds of $36,000,000.

⁽⁴⁾ Aggregate number of Company Shares issued to Citigroup and Cowen.

Share Transaction Activities Upon Consummation Of Merger [Table Text Block]

The table below summarizes the number of Company Shares issued after consummation of the mergers consisting of (i) the number of shares of Rimini Street capital stock outstanding immediately before the mergers along with the impact of the exchange ratio  (the “exchange ratio”) that resulted in the issuance of 0.239412772 Company Shares for every one share of Rimini Street capital stock, and (ii) the number of Company Shares outstanding after the domestication but before consummation of the mergers, as of the closing date, October 10, 2017:

		RSI Capital Stock						Conversion to
Type	Series/ Class	Outstanding Pre-Merger			Exercise of Warrant			RMNI Company Shares
Preferred	A		5,499,900	(1)		-
Preferred	B		38,545,560	(1)		-
Preferred	C		56,441,036	(1)		-
Common	A		529,329	(1)		177,751	(2)
Common	B		102,925,500	(1)		-
Total			203,941,325			177,751			48,868,647	(3)(4)
Company Shares immediately after Delaware domestication									9,712,149	(5)
Total Company Shares outstanding upon consummation of mergers									58,580,796

⁽¹⁾ Represents the number of shares of Rimini Street capital stock issued and outstanding immediately prior to consummation of the mergers.

⁽²⁾ In connection with the mergers, Adams Street Partners and its affiliates agreed to exercise on a cashless basis their warrants for 344,828 shares of Rimini Street’s Class A common stock at an exercise price of $1.16 per share immediately prior to consummation of the mergers. This cashless exercise resulted in the issuance of 177,751 shares of Rimini Street’s Class A common stock.

⁽³⁾ Conversion to Company Shares is based on the exchange ratio that resulted in the issuance of 0.239412772 Company Shares for every one share of Rimini Street capital stock.

⁽⁴⁾ The total number of Company Shares issued was net of fractional shares (in an amount equal to 67 Company Shares in the aggregate) resulting from the application of the exchange ratio.

⁽⁵⁾ Based on the number of Company Shares outstanding after domestication as a Delaware Corporation but immediately prior to consummation of the mergers.