Quarterly report pursuant to Section 13 or 15(d)

Trust Account

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Trust Account
6 Months Ended
Jun. 30, 2012
Investments, All Other Investments [Abstract]  
Financial Instruments Disclosure [Text Block]

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 June 30, 2012 and December 31, 2011, investment securities in the Company’s Trust Account consist of $189,639,786 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.