Quarterly report pursuant to Section 13 or 15(d)

Condensed Interim Statement of Cash Flows

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Condensed Interim Statement of Cash Flows (USD $)
 2 Months Ended 3 Months Ended 14 Months Ended
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2012
Cash Flows From Operating Activities:      
Net loss $ (10,117) $ (297,325) $ (1,078,644)
Adjustments to reconcile net loss to net cash used in operating activities:      
Prepaid insurance   20,744 (10,969)
Franchise tax payable   45,000 158,222
Accrued expenses and accounts payable 10,000 67,825 141,393
Net cash used in operating activities (117) (163,756) (789,998)
Cash Flows from Investing Activities:      
Net cash used in investing activities   (2,622) (189,637,163)
Cash Flows from Financing Activities:      
Proceeds from sale of common stock to Sponsor 25,000   25,000
Proceeds from note payable to Sponsor 75,000   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 (87,650)   (694,436)
Net cash provided by financing activities 12,350   190,707,064
Increase in cash during period 12,233 (166,378) 279,903
Cash at beginning of period   446,281  
Cash at end of period 12,233 279,903 279,903
Supplemental Disclosure of Non-Cash Financing Activities:      
Deferred underwriting compensation   6,647,375 6,647,375
Accrued offering costs 106,672    
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   $ (2,622) $ (10,663)