Garnero Group Acquisition (GGAC) 10-Q 20 Nov 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Sep. 30, 2014	Nov. 14, 2014
Document and Entity Information Abstract [Abstract]	'	'
Entity Registrant Name	'Garnero Group Acquisition Co	'
Entity Central Index Key	'0001603969	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2015	'
Document Fiscal Period Focus	'Q1	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	18,602,813

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Sep. 30, 2014	Jun. 30, 2014
Current assets	'	'
Cash and cash equivalents	$67,375	$160
Prepaid expenses	131,368	'
Total current assets	198,743	160
Restricted cash and cash equivalents held in trust	144,493,884	'
Deferred offering costs	'	283,114
Total assets	144,692,627	283,274
Current Liabilities:	'	'
Accounts payable and accrued expenses	42,076	54,732
Advances from related party	'	87,500
Note payable to related party	'	125,000
Total liabilities	42,076	267,232
Commitments	'	'
Ordinary shares subject to possible conversion (13,895,577 shares at conversion value)	139,650,549	'
Shareholders' Equity:	'	'
Preferred shares, $.0001 par value; 1,000,000 shares authorized; none issued and outstanding	'	'
Ordinary shares, $.0001 par value; 120,000,000 shares authorized; 4,707,236 shares issued and outstanding (excluding 13,895,577 shares subject to possible conversion) at September 30, 2014 and 3,593,750 shares issued and outstanding at June 30, 2014	471	359
Additional paid-in capital	5,230,425	24,641
Accumulated deficit	-230,894	-8,958
Total Shareholders' Equity	5,000,002	16,042
Total Liabilities and Shareholders' Equity	$144,692,627	$283,274

Balance_Sheet_Parenthetical

Balance Sheet (Parenthetical) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Balance Sheets [Abstract]	'	'
Shares at conversion value	13,895,577	13,895,577
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, issued	'	'
Preferred stock, shares outstanding	'	'
Ordinary shares, par value	$0.00	$0.00
Ordinary shares, shares authorized	120,000,000	120,000,000
Ordinary shares, shares issued	4,707,236	3,593,750
Ordinary shares, shares outstanding	4,707,236	3,593,750

Statement_of_Operations_unaudi

Statement of Operations (unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014
Formation and operating costs	'
Legal and professional fees	$141,217
General and administrative	75,578
Office expense - related party	30,270
Loss from operations	247,065
Interest income	25,129
Net loss	($221,936)
Weighted average shares outstanding, basic and diluted	3,696,113	[1]
Basic and diluted net loss per ordinary share	($0.06)
[1]	For the three months ended September 30, 2014, weighted average shares outstanding excluded 13,895,577 shares subject to possible conversion.

Statement_of_Operations_unaudi1

Statement of Operations (unaudited) (Parenthetical)	3 Months Ended
	Sep. 30, 2014
Income Statement [Abstract]	'
Weighted average shares outstanding subject to possible conversion	13,895,577

Statement_of_Changes_in_Shareh

Statement of Changes in Shareholder's Equity (Unaudited) (USD $)	Total	Ordinary Shares	Additional Paid-in Capital	Accumulated Deficit
Beginning balance at Jul. 01, 2014	$16,042	$359	$24,641	($8,958)
Beginning balance, Shares at Jul. 01, 2014	'	3,593,750	'	'
Sale of units, net of underwriters' discounts and offering costs	144,856,345	1,501	144,854,844	'
Sale of units, net of underwriters' discounts and offering costs, Shares	'	15,009,063	'	'
Sale of unit purchase option	100	'	100	'
Net proceeds subject to possible conversion of 13,895,577 shares at conversion value	-139,650,549	-1,389	-139,649,160	'
Net proceeds subject to possible conversion of 13,895,577 shares at conversion value,shares	'	-13,895,577	'	'
Net loss	-221,936	'	'	-221,936
Ending balance at Sep. 30, 2014	$5,000,002	$471	$5,230,425	($230,894)
Ending balance,Shares at Sep. 30, 2014	'	4,707,236	'	'

Statement_of_Changes_in_Shareh1

Statement of Changes in Shareholder's Equity (Unaudited) (Parenthetical)	3 Months Ended
	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]	'
Net proceeds subject to possible conversion of shares	13,895,577

Statement_of_Cash_Flows_unaudi

Statement of Cash Flows (unaudited) (USD $)	3 Months Ended
	Sep. 30, 2014
Operating Activities	'
Net loss	($221,936)
Adjustments to reconcile net loss to net cash used in operating activities:	'
Interest income in restricted cash and cash equivalents held in trust	-25,129
Changes in operating assets and liabilities:	'
Prepaid expenses	-131,368
Accounts payable and accrued expenses	-12,656
Net Cash Used in Operating Activities	-391,089
Investing Activities	'
Purchase of restricted cash and cash equivalents held in trust	-144,468,755
Net Cash Used in Investing Activities	-144,468,755
Financing Activities	'
Proceeds from public offering, net of costs	145,139,559
Repayments of notes payable and advances from related party	-212,500
Net Cash Provided by Financing Activities	144,927,059
Net increase in cash and cash equivalents	67,215
Cash and cash equivalents - beginning	160
Cash and cash equivalents - ending	$67,375

Statement_of_Cash_Flows_unaudi1

Statement of Cash Flows (unaudited) (Parenthetical) (USD $)	3 Months Ended
	Sep. 30, 2014
Supplemental disclosure of noncash investing and financing activities:	'
Deferred offering cost	$283,114
Proceeds from commom stock public offering	$139,650,549

Organization_and_Plan_of_Busin

Organization and Plan of Business Operations	3 Months Ended
	Sep. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Plan of Business Operations	'
	Note 1 — Organization and Plan of Business Operations
	Garnero Group Acquisition Company (the “Company”) was incorporated in the Cayman Islands on February 11, 2014 as a blank check company whose objective is to acquire, through a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination, one or more businesses or entities (a “Business Combination”). The Company’s efforts to identify a prospective target business will not be limited to a particular industry or geographic region of the world although the Company initially intends to focus on target businesses located in Latin America or Europe operating in the energy (including renewables) and biotechnology industries or target businesses in such industries operating outside of those geographic locations which the Company believes would benefit from expanding their operations to such locations.
	The accompanying financial statements are presented in U.S. dollars and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and pursuant to the accounting and disclosure rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”).
	At September 30, 2014, the Company had not yet commenced any operations. All activity through September 30, 2014 relates to the Company’s formation, the offering described below and identification and due diligence related to a potential target business. The Company has selected June 30 as its fiscal year-end.
	The registration statement for the Company’s initial public offering (“Initial Public Offering”) was declared effective on June 25, 2014. The Company consummated the Initial Public Offering of 12,500,000 units on July 1, 2014 generating gross proceeds of $125,000,000 and net proceeds of $120,375,090 after deducting $4,624,910 of transaction costs, which is discussed in Note 3. Simultaneously with the consummation of the Initial Public Offering, the Company consummated a private placement of 563,750 units (“Private Units”) generating gross proceeds of $5,637,500 to an affiliate of one of the initial shareholders of the Company (“Initial Shareholders”) and the underwriters which is described in Note 4.
	On July 1, 2014, the underwriters exercised their full over-allotment option to the extent of 1,875,000 units and on July 7, 2014, the Company consummated the closing of the overallotment option (“Overallotment”). The Initial Public Offering and the Overallotment are collectively referred to as the “Offering.” The 1,875,000 units sold pursuant to the Overallotment were sold at an offering price of $10.00 per Unit, generating gross proceeds of $18,750,000 and net proceeds of $18,140,625 after deducting the underwriter’s discount of $609,375. In a private placement that took place simultaneously with the consummation of the exercise of the Overallotment, the affiliate of one of the Initial Shareholders and the underwriters purchased an additional 70,313 Private Units at $10.00 per unit generating gross proceeds of $703,130.
	Following the closing of the Overallotment on July 7, 2014, an amount of $144,468,755 (or $10.05 per share sold to the public in the Offering) from the sale of the units in the Offering and the Private Units was placed in a trust account (“Trust Account”) and was invested in United States government treasury bills having a maturity of 180 days or less or in money market funds meeting the applicable conditions of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended. The $144,468,755 placed into the Trust Account may not be released until the earlier of (i) the consummation of the Company’s initial Business Combination and (ii) the Company’s failure to consummate a Business Combination within the prescribed time. Placing funds in the Trust Account may not protect those funds from third party claims against the Company. Although the Company will seek to have all vendors, service providers, prospective target businesses or other entities it engages, execute agreements with the Company waiving any claim of any kind in or to any monies held in the Trust Account, there is no guarantee that such persons will execute such agreements. The Company’s Chief Executive Officer has agreed that he will be liable under certain circumstances to ensure that the proceeds in the Trust Account are not reduced by the claims of target businesses or vendors or other entities that are owed money by the Company for services rendered, contracted for or products sold to the Company. However, there can be no assurance that he will be able to satisfy those obligations should they arise. The remaining net proceeds (not held in the Trust Account) may be used to pay for business, legal and accounting due diligence on prospective acquisitions and continuing general and administrative expenses. In addition, (i) interest income on the funds held in the Trust Account can be released to the Company to pay its income and other tax obligations and (ii) interest income on the funds held in the Trust Account of up to $500,000 after payment of taxes can be released to the Company to pay for its working capital requirements in connection with searching for a Business Combination.
	The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Offering and Private Units, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination. The Company’s Units are listed on the Nasdaq Capital Market (“NASDAQ”). Pursuant to the NASDAQ listing rules, the Company’s initial Business Combination must be with a target business or businesses whose collective fair market value is at least equal to 80% of the balance in the Trust Account at the time of the execution of a definitive agreement for such Business Combination, although this may entail simultaneous acquisitions of several target businesses. There is no assurance that the Company will be able to effect a Business Combination successfully.
	The Company, after signing a definitive agreement for the acquisition of a target business, is required to provide shareholders who acquired ordinary shares in the Offering (“Public Shareholders”) with the opportunity to convert their shares (“Public Shares”) for a pro rata share of the Trust Account. However, the Company is not permitted to consummate an initial Business Combination unless it has at least $5,000,001 of net tangible assets upon the close of such Business Combination and a majority of the outstanding ordinary shares voted are voted in favor of the business combination. The Initial Shareholders have agreed that they will vote any shares they then hold in favor of any proposed Business Combination and will waive any conversion rights with respect to the shares they hold and the Private Units.
	In connection with any proposed Business Combination, the Company will seek shareholder approval of an initial Business Combination at a meeting called for such purpose at which shareholders may seek to convert their shares, regardless of whether they vote for or against the proposed Business Combination. If the Company seeks shareholder approval of an initial Business Combination, any Public Shareholder voting either for or against such proposed Business Combination will be entitled to demand that his ordinary shares be converted into a full pro rata portion of the amount then in the Trust Account (initially $10.05 per share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company or necessary to pay its taxes). The Rights (discussed in Note 3 – Initial Public Offering) sold as part of the Units will not be entitled to vote on the proposed Business Combination and will have no conversion or liquidation rights.
	Notwithstanding the foregoing, a Public Shareholder, together with any affiliate or other person with whom such Public Shareholder is acting in concert or as a “group” (within the meaning of Section 13 of the Securities Act of 1934, as amended), will be restricted from seeking conversion rights with respect to 30% or more of the shares of ordinary shares sold in the Offering. A “group” will be deemed to exist if Public Shareholders (i) file a Schedule 13D or 13G indicated the presence of a group or (ii) acknowledge to the Company that they are acting, or intend to act, as a group.
	Pursuant to the Company’s amended and restated memorandum and articles of association, if the Company does not consummate a Business Combination by March 25, 2016, or June 25, 2016 if certain extension criteria have been satisfied, it will trigger the Company’s automatic winding up, dissolution and liquidation. As a result, this has the same effect as if the Company had formally gone through a voluntary liquidation procedure under the Companies Law. Accordingly, no vote would be required from the Company’s shareholders to commence such a voluntary winding up, dissolution and liquidation. If the Company is unable to consummate an initial Business Combination, each holder will receive a full pro rata portion of the amount then in the Trust Account, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company or necessary to pay any of its taxes. Holders of Rights will receive no proceeds in connection with the liquidation with respect to such rights. The Initial Shareholders and the holders of Private Units will not participate in any distribution with respect to their initial shares and Private Units, including the ordinary shares included in the Private Units.
	If the Company is unable to conclude its initial Business Combination and expends all of the net proceeds of the Offering not deposited in the Trust Account, without taking into account any interest earned on the Trust Account, the Company expects that the initial per-share liquidation price of ordinary shares will be $10.05. The proceeds deposited in the Trust Account could, however, become subject to claims of the Company’s creditors that are in preference to the claims of the Company’s shareholders. In addition, if the Company is forced to file a bankruptcy case or an involuntary bankruptcy case is filed against it that is not dismissed, the proceeds held in the Trust Account could be subject to applicable bankruptcy law, and may be included in its bankruptcy estate and subject to the claims of third parties with priority over the claims of the Company’s ordinary shareholders. Therefore, the actual per-share liquidation price may be less than $10.05.
	The Company has principally financed its operations from inception using proceeds from the sale of its equity securities to its initial shareholders, proceeds from its Initial Public Offering and loans from a related party. As of September 30, 2014, the Company had approximately $67,000 in its operating account. Interest to be earned on the Trust Account balance to be released to the Company to fund working capital requirements through June 25, 2016 is estimated to be approximately $125,000. The Company’s Chief Executive Officer, Mario Garnero, has also committed to provide loans to the Company of up to $600,000, of which $80,000 was loaned to the Company in October 2014. These loans will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or, at the option of the holder, be converted into additional Private Units at a price of $10.00 per Private Unit. Based on the foregoing, the Company believes it will have sufficient cash to meet its needs through the earlier of consummation of a Business Combination or twelve months from the balance sheet date.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Sep. 30, 2014
Significant Accounting Policies [Abstract]	'
Significant Accounting Policies	'
	Note 2 — Significant Accounting Policies
	Basis of Presentation
	The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. GAAP for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending June 30, 2015. For further information refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the period from inception (February 11, 2014) through June 30, 2014, filed with the SEC on October 14, 2014.
	Cash and Cash Equivalents
	The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that at times may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
	Restricted Cash and Cash Equivalents Held in Trust
	The amounts held in the Trust Account represent substantially all of the proceeds of the Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of a Business Combination. As of September 30, 2014, cash and cash equivalents held in the Trust Account consisted of $125,649,974 in United States Treasury Bills with an original maturity of three months or less and $18,843,910 in cash. At September 30, 2014, there was $25,129 of interest income held in the Trust Account available to be released to the Company.
	Ordinary Shares Subject to Possible Conversion
	The Company accounts for its ordinary shares subject to possible conversion in accordance with the guidance provided in Accounting Standards Codification (“ASC”) 480 “Distinguishing Liabilities from Equity”. Ordinary shares subject to mandatory conversion (if any) are classified as a liability instrument and measured at fair value. Conditionally convertible ordinary shares (including ordinary shares that feature conversion rights that are either within the control of the holder or subject to conversion upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as stockholders’ equity. The Company’s ordinary shares feature certain conversion rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly at September 30, 2014, the ordinary shares subject to possible conversion are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.
	Loss per Share
	Loss per share is computed by dividing net loss by the weighted-average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption of 13,895,577 shares at September 30, 2014 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (i) warrants and rights included in the units sold in the Offering to acquire 9,005,438 ordinary shares and (ii) 1,250,000 ordinary shares and warrants and rights to acquire 750,000 ordinary shares included in the unit purchase option sold to the underwriter, in the calculation of diluted loss per share, since the exercise of the warrants and automatic conversion of the rights are contingent on the occurrence of future events.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
	Income Taxes
	The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
	ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecoginition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company determined that the Cayman Islands is its only major tax jurisdiction. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. Since the Company was incorporated on February 11, 2014, the evaluation was performed for the period from February 11, 2014 through September 30, 2014, which will be the only period subject to examination upon the filing of required tax returns. The Company believes that its income tax positions would be sustained on audit and does not anticipate any adjustments that would result in a material changes to its financial position.
	The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the three months ended September 30, 2014. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
	Recent Accounting Pronouncements
	The FASB has issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under U.S. GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, U.S. GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position and results of operations.
	Subsequent Events
	Share Purchase Agreement
	On October 30, 2014, the Company entered into a Share Purchase Agreement (the “SPA”) by and among the Company, WISeKey SA, a Swiss company (“WISeKey”), WISeTrust SA, a Swiss company (“WISeTrust”), certain shareholders of WISeKey (the “Shareholders”), and certain option holders of WISeKey (the “Optionholders” and together with WISeTrust and the Shareholders, collectively, the “Sellers”). Simultaneously with the execution of the SPA, the Company entered into an Asset Purchase Agreement (the “APA”) by and among the Company, WISeKey and WISeTrust.
	WISeKey is a digital information security company. Headquartered in Geneva, Switzerland, WISeKey presides over physical infrastructures, mobile networks, and the Web to ensure secure communications, exclusive relationships, protected identities, and authenticated transactions. As a fully-autonomous and independent organization, WISeKey creates protected and trusted digital identities for individuals, groups, organizations and communities around the world. Since its inception in 1999, WISeKey has enabled public and private organizations to identify individuals and assets and engage in safe, secure and confidential electronic communications and transactions.
	Pursuant to the SPA, the Company will acquire from the Sellers approximately 70% of the common shares of WISeKey. Additionally, pursuant to the SPA, promptly after signing, the Company caused to be submitted to the holders of the remaining WISeKey common shares irrevocable and binding offers (“Tender Offers”) to purchase such common shares from them simultaneously with the consummation of the transactions contemplated by the SPA and APA. Holders of approximately 23% of the remaining WISeKey common shares accepted this offer. Simultaneously with the Tender Offers, WISeKey engaged in a rights offering of its securities to its shareholders (“Rights Offer”) raising an aggregate of approximately $1.4 million. The purchasers of the securities sold in the Rights Offer have committed to sell such securities to the Company simultaneously with the consummation of the SPA. As a result of the foregoing, upon consummation of the transactions, the Company will be acquiring approximately 93% of the outstanding and to be issued WISeKey common shares for an aggregate of 13,436,055 ordinary shares, par value $0.0001 per share (“GGAC Ordinary Shares”), of the Company, subject to adjustment upon certain events.
	Pursuant to the APA, the Company will acquire from WISeKey and WISeTrust all of the equity interests in WISeKey USA Inc. and certain rights and assets owned by WISeTrust related to the operations of WISeKey USA in exchange for an aggregate of Fifteen Million Dollars ($15,000,000) in cash and an aggregate of 1,026,323 GGAC Ordinary Shares.
	Upon the consummation of the business combination, assuming approval of the Company’s shareholders at a Special Meeting to be held, the Company will change its name to “WISeKey International, Inc.”
	The business combination is expected to be consummated in the first quarter of 2015 after the required approval by the shareholders of the Company and the fulfillment of certain other conditions, all as described in the SPA and APA.
	The SPA and APA are subjust to certain conditions of closing and may be terminated under certain conditions as defined in the agreements.
	Shareholder Commitment
	On October 10, 2014 and November 19, 2014, the Company’s Chief Executive Officer, Mario Garnero, executed two separate commitment letters to provide loans to the Company of up to an aggregate of $600,000, of which $80,000 was loaned to the Company in October. These loans will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or, at the option of the holder, be converted into additional Private Units at a price of $10.00 per Private Unit.
	Subsequent Events Evaluation
	The Company evaluates events that have occurred after the balance sheet date through the date which these financial statements were issued.

Initial_Public_Offering

Initial Public Offering	3 Months Ended
	Sep. 30, 2014
Initial Public Offering [Abstract]	'
Initial Public Offering	'
	Note 3 — Initial Public Offering
	On July 1, 2014, the Company sold 12,500,000 units (“Units”) at a price of $10 per Unit in the Initial Public Offering. Each unit consists of one share of the Company’s ordinary shares, par value $0.0001, one right (“Right”) and one warrant (“Warrant”). Each Right entitles the holder to receive one-tenth (1/10) of a share of ordinary shares on the consummation of an initial business combination. The Company will not issue fractional shares. Each Warrant entitles the holder to purchase one-half of one ordinary share at a price of $11.50 per full share. Each Warrant will become exercisable on the later of the completion of an initial business combination or June 25, 2015, and will expire five years after the completion of an initial business combination.
	On July 1, 2014, the underwriters exercised their full over-allotment option to the extent of 1,875,000 units and on July 7, 2014, the Company consummated the closing of the Overallotment. The 1,875,000 units sold pursuant to the Overallotment were sold at an offering price of $10.00 per Unit.
	The Company may redeem the Warrants at a price of $0.01 per Warrant upon 30 days’ notice, only in the event that the last sale price of the ordinary shares is at least $21.00 per share for any 20 trading days within a 30-trading day period (“30-Day Trading Period”) ending on the third day prior to the date on which notice of redemption is given, provided there is a current registration statement in effect with respect to the ordinary shares underlying such Warrants commencing five business days prior to the 30-Day Trading Period and continuing each day thereafter until the date of redemption. If the Company redeems the Warrants as described above, management will have the option to require all holders that wish to exercise Warrants to do so on a “cashless basis.” In accordance with the warrant agreement relating to the Warrants sold and issued in the Offering, the Company is only required to use its best efforts to maintain the effectiveness of the registration statement covering the Warrants. If a registration statement is not effective within 90 days following the consummation of a Business Combination, Warrant holders may, until such time as there is an effective registration statement and during any period when the Company shall have failed to maintain an effective registration statement, exercise Warrants on a cashless basis. In the event that a registration statement is not effective at the time of exercise, the holder of such Warrant shall not be entitled to exercise such Warrant for cash and in no event (whether in the case of a registration statement being effective or otherwise) will the Company be required to net cash settle the Warrant exercise.
	The Company paid the underwriters in the Offering an underwriting discount of 3.25% ($4,062,500) of the $125,000,000 of proceeds of the Offering. The Company also issued, for $100, a unit purchase option to purchase up to a total of 1,250,000 units exercisable at $10.00 per unit (or an aggregate exercise price of $12,500,000) commencing on the later of the consummation of a Business Combination and June 25, 2015. The unit purchase option expires June 25, 2019. The units issuable upon exercise of this option are identical to the Units in the Offering. Accordingly, after the Business Combination, the purchase option will be to purchase 1,375,000 ordinary shares (which includes 125,000 ordinary shares to be issued for the rights included in the units) and 1,250,000 Warrants to purchase 625,000 ordinary shares. The Company has agreed to grant to the holders of the unit purchase option, demand and “piggy back” registration rights for periods of five and seven years, respectively, from June 25, 2014, including securities directly and indirectly issuable upon exercise of the unit purchase option.
	The Company accounted for the fair value of the unit purchase option, inclusive of the receipt of a $100 cash payment, as an expense of the Offering resulting in a charge directly to shareholders’ equity. The Company estimated that the fair value of this unit purchase option was approximately $4,175,000 (or $3.34 per unit) using the Black-Scholes option-pricing model. The fair value of the unit purchase option was estimated as of the date of grant using the following assumptions: (1) expected volatility of 35%, (2) risk-free interest rate of 1.70 % and (3) expected life of five years. The unit purchase option may be exercised for cash or on a “cashless” basis, at the holder’s option (except in the case of a forced cashless exercise upon the Company’s redemption of the Warrants, as described above), such that the holder may use the appreciated value of the unit purchase option (the difference between the exercise prices of the unit purchase option and the underlying Warrants and the market price of the Units and underlying ordinary shares) to exercise the unit purchase option without the payment of any cash. The Company will have no obligation to net cash settle the exercise of the unit purchase option or the Warrants underlying the unit purchase option. The holder of the unit purchase option will not be entitled to exercise the unit purchase option or the Warrants underlying the unit purchase option unless a registration statement covering the securities underlying the unit purchase option is effective or an exemption from registration is available. If the holder is unable to exercise the unit purchase option or underlying Warrants, the unit purchase option or Warrants, as applicable, will expire worthless.

Private_Units

Private Units	5 Months Ended
	Jun. 30, 2014
Private Units [Abstract]	'
Private Units	'
	Note 4 — Private Units
	Simultaneously with the Initial Public Offering, an affiliate of one of the Initial Shareholders of the Company and the underwriters purchased an aggregate of 563,750 Private Units at $10.00 per Private Unit (for an aggregate purchase price of $5,637,500) from the Company. In a private sale that took place simultaneously with the consummation of the Overallotment, an affiliate of one of the Initial Shareholders of the Company and the underwriters purchased an additional 70,313 Private Units at $10.00 per Private Unit. All of the proceeds received from these purchases were placed in the Trust Account.
	The Private Units are identical to the Units sold in the Offering except the Warrants included in the Private Units will be non-redeemable and may be exercised on a cashless basis, in each case so long as they continue to be held by the initial purchasers or their permitted transferees. Additionally, the holders of the Private Units have agreed (A) to vote the shares underlying their Private Units in favor of any proposed Business Combination, (B) not to propose, or vote in favor of, an amendment to the Company’s amended and restated memorandum and articles of association with respect to the Company’s pre-Business Combination activities prior to the consummation of such a Business Combination, (C) not to convert any shares underlying the Private Units into the right to receive cash from the Trust Account in connection with a shareholder vote to approve an initial Business Combination or a vote to amend the provisions of the Company’s amended and restated memorandum and articles of association relating to shareholders’ rights or pre-Business Combination activity and (D) that the shares underlying the Private Units shall not participate in any liquidating distribution upon winding up if a Business Combination is not consummated. The purchasers have also agreed not to transfer, assign or sell any of the Private Units or underlying securities (except to the same permitted transferees as the insider shares and provided the transferees agree to the same terms and restrictions as the permitted transferees of the insider shares must agree to, each as described above) until the completion of an initial Business Combination.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	Note 5 — Commitments and Contingencies
	Business Combination Consulting
	The Company has engaged the representative of the underwriters (“Representative”) to assist the Company with its initial Business Combination. Pursuant to this arrangement, the Company anticipates that the Representative will assist the Company in holding meetings with shareholders to discuss the potential Business Combination and the target business’ attributes, introduce the Company to potential investors that are interested in purchasing the Company’s securities, assist the Company in obtaining shareholder approval for the Business Combination and assist the Company with its press releases and public filings in connection with the Business Combination. The Company will pay the Representative a cash fee of $4,600,000 for such services upon the consummation of its initial Business Combination (exclusive of any applicable finders’ fees which might become payable).
	Registration Rights
	The Initial Shareholders and the holders of the Private Units (or underlying securities) are entitled to registration rights with respect to their Initial Shares and Private Units (or underlying securities) pursuant to agreements signed on June 25, 2014. The holders of the majority of the Initial Shares are entitled to demand that the Company register these shares at any time commencing three months prior to the first anniversary of the consummation of a Business Combination. The holders of the Private Units (or underlying securities) are entitled to demand that the Company register these securities at any time after the Company consummates a Business Combination. In addition, the Initial Shareholders and holders of the Private Units (or underlying securities) have certain “piggy-back” registration rights on registration statements filed after the Company’s consummation of a Business Combination.
	Office Space
	The Company presently occupies office space provided by the Affiliate. Such Affiliate has agreed that, until the Company consummates a Business Combination, it will make such office space, as well as certain office and secretarial services, available to the Company, as may be required by the Company from time to time. The Company has agreed to pay such Affiliate $10,000 per month for such services commencing on July 1, 2014. During the three months ended September 30, 2014, the Company incurred $30,270 for such rent and services, which is reflected in the Statement of Operations as Office expense – related party. Additionally, at September 30, 2014, the Company prepaid $22,201 to the related party which amount is included in Prepaid expenses in the Balance Sheet.
	Additionally, the Company occupies office space in Miami, Florida pursuant to a month-to-month lease for approximately $1,500 per month.

Shareholders_Equity

Shareholders' Equity	3 Months Ended
	Sep. 30, 2014
Shareholders' Equity [Abstract]	'
Shareholders' Equity	'
	Note 6 — Shareholders’ Equity
	Preferred Shares
	The Company is authorized to issue 1,000,000 preferred shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined from time to time by the Company’s board of directors.
	As of September 30, 2014, there are no preferred shares issued or outstanding.
	Ordinary Shares
	The Company is authorized to issue 120,000,000 ordinary shares with a par value of $0.0001 per share.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2014
Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited condensed financial statements have been prepared in accordance with U.S. GAAP for interim financial information and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. In the opinion of management, all adjustments (consisting of normal accruals) considered for a fair presentation have been included. Operating results for the three months ended September 30, 2014 are not necessarily indicative of the results that may be expected for the year ending June 30, 2015. For further information refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the period from inception (February 11, 2014) through June 30, 2014, filed with the SEC on October 14, 2014.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company maintains cash balances that at times may be uninsured or in deposit accounts that exceed Federal Deposit Insurance Corporation limits. The Company maintains its cash deposits with major financial institutions.
Restricted Cash and Cash Equivalents Held in Trust	'
	Restricted Cash and Cash Equivalents Held in Trust
	The amounts held in the Trust Account represent substantially all of the proceeds of the Offering and are classified as restricted assets since such amounts can only be used by the Company in connection with the consummation of a Business Combination. As of September 30, 2014, cash and cash equivalents held in the Trust Account consisted of $125,649,974 in United States Treasury Bills with an original maturity of three months or less and $18,843,910 in cash. At September 30, 2014, there was $25,129 of interest income held in the Trust Account available to be released to the Company.
Ordinary Shares Subject to Possible Conversion	'
	Ordinary Shares Subject to Possible Conversion
	The Company accounts for its ordinary shares subject to possible conversion in accordance with the guidance provided in Accounting Standards Codification (“ASC”) 480 “Distinguishing Liabilities from Equity”. Ordinary shares subject to mandatory conversion (if any) are classified as a liability instrument and measured at fair value. Conditionally convertible ordinary shares (including ordinary shares that feature conversion rights that are either within the control of the holder or subject to conversion upon the occurrence of uncertain events not solely within the Company’s control) are classified as temporary equity. At all other times, ordinary shares are classified as stockholders’ equity. The Company’s ordinary shares feature certain conversion rights that are considered by the Company to be outside of the Company’s control and subject to the occurrence of uncertain future events. Accordingly at September 30, 2014, the ordinary shares subject to possible conversion are presented as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet.
Loss per Share	'
	Loss per Share
	Loss per share is computed by dividing net loss by the weighted-average number of ordinary shares outstanding during the period. Ordinary shares subject to possible redemption of 13,895,577 shares at September 30, 2014 have been excluded from the calculation of basic loss per share since such shares, if redeemed, only participate in their pro rata share of the Trust Account earnings. The Company has not considered the effect of (i) warrants and rights included in the units sold in the Offering to acquire 9,005,438 ordinary shares and (ii) 1,250,000 ordinary shares and warrants and rights to acquire 750,000 ordinary shares included in the unit purchase option sold to the underwriter, in the calculation of diluted loss per share, since the exercise of the warrants and automatic conversion of the rights are contingent on the occurrence of future events.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes under ASC Topic 740 “Income Taxes” (“ASC 740”). ASC 740 requires the recognition of deferred tax assets and liabilities for both the expected impact of differences between the financial statement and tax basis of assets and liabilities and for the expected future tax benefit to be derived from tax loss and tax credit carry forwards. ASC 740 additionally requires a valuation allowance to be established when it is more likely than not that all or a portion of deferred tax assets will not be realized.
	ASC 740 also clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. ASC 740 also provides guidance on derecoginition, classification, interest and penalties, accounting in interim period, disclosure and transition. The Company determined that the Cayman Islands is its only major tax jurisdiction. Based on the Company’s evaluation, it has been concluded that there are no significant uncertain tax positions requiring recognition in the Company’s financial statements. Since the Company was incorporated on February 11, 2014, the evaluation was performed for the period from February 11, 2014 through September 30, 2014, which will be the only period subject to examination upon the filing of required tax returns. The Company believes that its income tax positions would be sustained on audit and does not anticipate any adjustments that would result in a material changes to its financial position.
	The Company’s policy for recording interest and penalties associated with audits is to record such expense as a component of income tax expense. There were no amounts accrued for penalties or interest as of or during the three months ended September 30, 2014. Management is currently unaware of any issues under review that could result in significant payments, accruals or material deviations from its position.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The FASB has issued ASU No. 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. This standard is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under U.S. GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, U.S. GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The adoption of this standard is not expected to have a material impact on the Company’s consolidated financial position and results of operations.
Subsequent Events	'
	Subsequent Events
	Share Purchase Agreement
	On October 30, 2014, the Company entered into a Share Purchase Agreement (the “SPA”) by and among the Company, WISeKey SA, a Swiss company (“WISeKey”), WISeTrust SA, a Swiss company (“WISeTrust”), certain shareholders of WISeKey (the “Shareholders”), and certain option holders of WISeKey (the “Optionholders” and together with WISeTrust and the Shareholders, collectively, the “Sellers”). Simultaneously with the execution of the SPA, the Company entered into an Asset Purchase Agreement (the “APA”) by and among the Company, WISeKey and WISeTrust.
	WISeKey is a digital information security company. Headquartered in Geneva, Switzerland, WISeKey presides over physical infrastructures, mobile networks, and the Web to ensure secure communications, exclusive relationships, protected identities, and authenticated transactions. As a fully-autonomous and independent organization, WISeKey creates protected and trusted digital identities for individuals, groups, organizations and communities around the world. Since its inception in 1999, WISeKey has enabled public and private organizations to identify individuals and assets and engage in safe, secure and confidential electronic communications and transactions.
	Pursuant to the SPA, the Company will acquire from the Sellers approximately 70% of the common shares of WISeKey. Additionally, pursuant to the SPA, promptly after signing, the Company caused to be submitted to the holders of the remaining WISeKey common shares irrevocable and binding offers (“Tender Offers”) to purchase such common shares from them simultaneously with the consummation of the transactions contemplated by the SPA and APA. Holders of approximately 23% of the remaining WISeKey common shares accepted this offer. Simultaneously with the Tender Offers, WISeKey engaged in a rights offering of its securities to its shareholders (“Rights Offer”) raising an aggregate of approximately $1.4 million. The purchasers of the securities sold in the Rights Offer have committed to sell such securities to the Company simultaneously with the consummation of the SPA. As a result of the foregoing, upon consummation of the transactions, the Company will be acquiring approximately 93% of the outstanding and to be issued WISeKey common shares for an aggregate of 13,436,055 ordinary shares, par value $0.0001 per share (“GGAC Ordinary Shares”), of the Company, subject to adjustment upon certain events.
	Pursuant to the APA, the Company will acquire from WISeKey and WISeTrust all of the equity interests in WISeKey USA Inc. and certain rights and assets owned by WISeTrust related to the operations of WISeKey USA in exchange for an aggregate of Fifteen Million Dollars ($15,000,000) in cash and an aggregate of 1,026,323 GGAC Ordinary Shares.
	Upon the consummation of the business combination, assuming approval of the Company’s shareholders at a Special Meeting to be held, the Company will change its name to “WISeKey International, Inc.”
	The business combination is expected to be consummated in the first quarter of 2015 after the required approval by the shareholders of the Company and the fulfillment of certain other conditions, all as described in the SPA and APA.
	The SPA and APA are subjust to certain conditions of closing and may be terminated under certain conditions as defined in the agreements.
	Shareholder Commitment
	On October 10, 2014 and November 19, 2014, the Company’s Chief Executive Officer, Mario Garnero, executed two separate commitment letters to provide loans to the Company of up to an aggregate of $600,000, of which $80,000 was loaned to the Company in October. These loans will be evidenced by notes and would either be repaid upon the consummation of a Business Combination or, at the option of the holder, be converted into additional Private Units at a price of $10.00 per Private Unit.
	Subsequent Events Evaluation
	The Company evaluates events that have occurred after the balance sheet date through the date which these financial statements were issued.

Organization_and_Plan_of_Busin1

Organization and Plan of Business Operations (Details) (USD $)	3 Months Ended				1 Months Ended	0 Months Ended	3 Months Ended	0 Months Ended	3 Months Ended
	Sep. 30, 2014	Jul. 07, 2014	Sep. 30, 2014	Oct. 30, 2014	Jul. 01, 2014	Jul. 07, 2014	Sep. 30, 2014	Jul. 07, 2014	Sep. 30, 2014
			Mario Garnero [Member]	Mario Garnero [Member]	IPO [Member]	Private Placement [Member]	Private Placement [Member]	Over-Allotment Option [Member]	Over-Allotment Option [Member]
				Subsequent Event [Member]
Issuance initial public offering, Units	'	'	'	'	12,500,000	'	563,750	'	'
Proceeds from issuance initial public offering	$145,139,559	'	'	'	$125,000,000	'	'	'	'
Proceeds from issuance initial public offering net	'	'	'	'	120,375,090	'	5,637,500	'	'
Transaction cost	'	'	'	'	4,624,910	'	'	609,375	'
Proceeds from issuance of private placement	'	'	'	'	'	703,130	'	'	'
Issuance of shares by private placement	'	'	'	'	'	70,313	'	'	'
Over allotment option on intial public offering units	'	'	'	'	'	'	'	1,875,000	'
Proceed from issuance of over allotment option	'	'	'	'	'	'	'	18,750,000	'
Proceed from issuance of over allotment option net	'	'	'	'	'	'	'	18,140,625	'
Per share	'	'	'	'	$10	'	$10	$10	'
Held in a trust account	18,843,910	144,468,755	'	'	'	'	'	'	'
Assets Held In Trust, Description	'	'	'	'	'	'	'	'	'
									An amount of $144,468,755 (or $10.05 per share sold to the public in the Offering) from the sale of the units in the Offering and the Private Units was placed in a trust account (“Trust Account”) and was invested in United States government treasury bills having a maturity of 180 days or less or in money market funds meeting the applicable conditions of Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended
Rules to start operation set by regulators	'Company is not permitted to consummate an initial Business Combination unless it has at least $5,000,001 of net tangible assets upon the close of such Business Combination and a majority of the outstanding ordinary shares voted are voted in favor of the business combination.	'	'	'	'	'	'	'	'
Operating capital	67,000	'	'	'	'	'	'	'	'
Working capital requirement	125,000	'	'	'	'	'	'	'	'
Aggregate amount	'	'	$600,000	$80,000	'	'	'	'	'
Conversion Price	$10	'	'	'	'	'	'	'	'

Significant_Accounting_Policie2

Significant Accounting Policies (Details) (USD $)	3 Months Ended			3 Months Ended
	Sep. 30, 2014	Jul. 07, 2014	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Oct. 30, 2014
				Share Purchase Agreement [Member]	Acquisition Purchase Agreement [Member]	Chief Executive Officer [Member]	Chief Executive Officer [Member]
							Subsequent Event [Member]
Significant accounting policies (Textual)	'	'	'	'	'	'	'
Cash in Trust Account	$125,649,974	'	'	'	'	'	'
Assets Held-in-trust, Current	18,843,910	144,468,755	'	'	'	'	'
Interest income	25,129	'	'	'	'	'	'
Weighted average shares outstanding subject to possible conversion	13,895,577	'	'	'	'	'	'
Class of warrants and rights description	'(i) warrants and rights included in the units sold in the Offering to acquire 9,005,438 ordinary shares and (ii) 1,250,000 ordinary shares and warrants and rights to acquire 750,000 ordinary shares included in the unit purchase option sold to the underwriter, in the calculation of diluted loss per share, since the exercise of the warrants and automatic conversion of the rights are contingent on the occurrence of future events.	'	'	'	'	'	'
Common shares percentage	100.00%	'	'	93.00%	'	'	'
Ordinary shares, par value	$0.00	'	$0.00	'	'	'	'
Minority interest	'	'	'	23.00%	'	'	'
Ordinary shares, shares issued	4,707,236	'	3,593,750	'	'	'	'
Business acquisition cash consideration	'	'	'	'	15,000,000	'	'
Number of ordinary shares acquire	'	'	'	'	1,026,323	'	'
Aggregate amount	'	'	'	'	'	600,000	80,000
Conversion Price	$10	'	'	'	'	'	'
Common stock shares to be issued	'	'	'	13,436,055	'	'	'
Additional Share Capital Value	'	'	'	$1,400,000	'	'	'

Initial_Public_Offering_Detail

Initial Public Offering (Details) (USD $)	1 Months Ended	3 Months Ended		3 Months Ended	0 Months Ended	1 Months Ended			3 Months Ended	1 Months Ended
	Jul. 01, 2014	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2014	Jul. 07, 2014	Jun. 25, 2014	Jul. 01, 2014	Jun. 25, 2014	Sep. 30, 2014	Jun. 25, 2014
				Unit purchase option [Member]	Over-Allotment Option [Member]	IPO [Member]	IPO [Member]	IPO [Member]	IPO [Member]	IPO [Member]
						Warrant [Member]				Options Held [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'
Issuance initial public offering, Units	'	'	'	'	'	625,000	12,500,000	'	'	1,375,000
Per share	'	'	'	'	$10	'	$10	'	'	'
Ordinary shares, par value	'	$0.00	$0.00	'	'	'	'	'	'	'
Under writing agreement description	'One right ("Right") and one warrant ("Warrant"). Each Right entitles the holder to receive one-tenth (1/10) of a share of ordinary shares on the consummation of an initial business combination. The Company will not issue fractional shares. Each Warrant entitles the holder to purchase one-half of one ordinary share at a price of $11.50 per full share. Each Warrant will become exercisable on the later of the completion of an initial business combination or June 25, 2015, and will expire five years after the completion of an initial business combination.	'	'	'	'	'	'	'	'	'
Underwriters discount	'	'	'	'	'	'	'	'	3.25%	'
Underwriting discount	'	'	'	'	'	'	'	'	$4,062,500	'
Proceeds from issuance of ordinary shares to initial shareholders	'	145,139,559	'	'	'	'	125,000,000	'	'	'
Share-based compensation arrangement by share-based payment award,fair value	'	'	'	4,175,000	'	'	'	'	'	'
Share Price	'	'	'	$3.34	'	'	'	'	'	'
Expiration date of options	'	'	'	25-Jun-19	'	'	'	'	'	'
Registration Rights Description	'	'	'	'The Company has agreed to grant to the holders of the unit purchase option, demand and "piggy back" registration rights for periods of five and seven years, respectively, from June 25, 2014, including securities directly and indirectly issuable upon exercise of the unit purchase option.	'	'	'	'	'	'
Fair value assumptions, expected volatility rate	'	'	'	35.00%	'	'	'	'	'	'
Fair value assumptions, risk free interest rate	'	'	'	1.70%	'	'	'	'	'	'
Fair value assumptions, expected term	'	'	'	'5 years	'	'	'	'	'	'
Warrant description	'	'The Company may redeem the Warrants at a price of $0.01 per Warrant upon 30 days' notice, only in the event that the last sale price of the ordinary shares is at least $21.00 per share for any 20 trading days within a 30-trading day period ("30-Day Trading Period") ending on the third day prior to the date on which notice of redemption is given, provided there is a current registration statement in effect with respect to the ordinary shares underlying such Warrants commencing five business days prior to the 30-Day Trading Period and continuing each day thereafter until the date of redemption.	'	'	'	'	'	'	'	'
Offering costs expenses	'	'	'	100	'	'	'	'	'	'
Stock issued during period, shares	'	'	'	'	'	'	'	1,250,000	'	'
Stock issued during period, value	'	'	'	'	'	'	'	$100	'	'
Shares to be issued for the rights	'	'	'	'	'	'	'	125,000	'	'
Over allotment option on intial public offering units	'	'	'	'	1,875,000	'	'	'	'	'

Private_Units_Details

Private Units (Details) (Private Placement, USD $)	3 Months Ended
	Sep. 30, 2014
Private Placement	'
Private Units [Line Items]	'
Aggregate purchase price	$5,637,500
Number of units of agregate share	563,750
Per share	$10
Additional issuance of shares to private placements	70,313

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Pay the Representative a cash for such services	$4,600,000
Payment to affiliate	10,000
Office expense - related party	-30,270
Prepaid expense	22,201
Monthly lease expenses	$1,500

Shareholders_Equity_Details

Shareholders' Equity (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014
Shareholders' Equity [Abstract]	'	'
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares outstanding	'	'
Common stock, shares authorized	120,000,000	120,000,000
Common stock, par value	$0.00	$0.00