Trust Account
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3 Months Ended |
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Mar. 31, 2012
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Trust Account |
Note 7. Trust Account
A total of $189,626,500 of the net proceeds from the Public Offering and the private placement was placed in the Trust Account.
As of March 31, 2012 and December 31, 2011, investment securities in the Company’s Trust Account consist of $189,637,163 and $189,634,541, respectively, in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations. |