Annual report pursuant to Section 13 and 15(d)

Statement of Cash Flows

v2.4.0.6
Statement of Cash Flows (USD $)
 11 Months Ended
Dec. 31, 2011
Cash Flows From Operating Activities:  
Net loss $ (781,319)
Changes in operating assets and liabilities:  
Accrued operating expenses and accounts payable 73,567
Prepaid insurance (31,712)
Franchise tax payable 113,222
Net cash used in operating activities (626,242)
Cash Flows from Investing Activities:  
Net cash used in investing activities (189,634,541)
Cash Flows from Financing Activities:  
Proceeds from sale of common stock to Sponsor 25,000
Proceeds from note payable to Sponsor 140,000
Net proceeds from Public Offering, after payment of upfront underwriting fee 186,126,500
Net proceeds from private placement 5,250,000
Repayment of Sponsor note (140,000)
Payment of offering expenses (694,436)
Net cash provided by financing activities 190,707,064
Increase in cash during period 446,281
Cash at end of period 446,281
Supplemental Disclosure of Non-Cash Financing Activities:  
Deferred underwriting compensation 6,647,375
Principal Deposited
  
Cash Flows from Investing Activities:  
Investment in Trust Account (189,626,500)
Interest Reinvested
  
Cash Flows from Investing Activities:  
Investment in Trust Account $ (8,041)