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r (and thereby avoid the need for a stockholder vote) for an amount in cash equal to their pro rata share of the aggregate amount then on deposit in the Trust Account as of two business days prior to commencement of the tender offer, including interest but less taxes payable. The decision as to whether the Company
Business Combination: The Company's management has broad discretion with respect to the specific application of the net proceeds of the Proposed Offering, although substantially all of the net proceeds of the Proposed Offering arc intended to be generally applied toward consummating a Business Combina
able upon the Company's completion of a Business Combination. The Deferred Discount will become payable to the underwriters from the amounts held in the Trust Account solely in the event the Company completes its initial Business Combination. NOTE 4—RELATED PARTY TRANSACTIONS Founder Shares In May 2015, the Spo
FERING - (continued) The Company expects to pay an underwriting discount of 3% of the per Unit offering price to the underwriters at the closing of the Proposed Offering, with an additional fee (the "Deferral Discount") of 3% of the gross offering proceeds payable upon the Company's completion of a Business Combinati
fering and the private placement. SI35O00.000 (or 5155250000 if the underwriter's over-allotment option is exercised in full—Note 3) will be held in the Trust Account (discussed below). The Trust Account: The Trust Account will be invested only in U.S. government treasury bills with a maturity of one hundred and
s combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash from the proceeds derived from the Proposed Offering. The Company has selected December 31" as its year end. All dollar amounts are rounded to the nearest thousand dollars. Sponsor and Proposed Financ
Entities connected to both the Trust Account and the Proposed Offering