Trust Account
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6 Months Ended |
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Jun. 30, 2012
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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. |
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- Definition
The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. No definition available.
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- Details
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