Verra Mobility (VRRM) 10-Q 6 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 06, 2017
Entity Registrant Name	Gores Holdings II, Inc.
Entity Central Index Key	1,682,745
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Class A
Entity Common Stock, Shares Outstanding		40,000,000
Class F
Entity Common Stock, Shares Outstanding		10,000,000

BALANCE SHEET

BALANCE SHEET - USD ($)	Sep. 30, 2017	Dec. 31, 2016
CURRENT ASSETS:
Cash and cash equivalents	$ 626,193	$ 3,185
Deferred offering costs		414,606
Receivable - related party		436
Prepaid assets	201,005
Total current assets	827,198	418,227
Investments and cash held in Trust Account	402,042,193
Total assets	402,869,391	418,227
Current liabilities:
Accrued expenses, formation and offering costs	42,301	282,436
State franchise tax accrual	67,237	1,750
Notes and advances payable – related party		150,000
Total current liabilities	109,538	434,186
Deferred underwriting compensation	14,000,000
Income tax payable	209,785
Net deferred income tax	337,797
Total liabilities	14,657,120	434,186
Temporary Equity [Abstract]
Class A subject to possible redemption 38,321,227 and -0- shares at September 30, 2017 and December 31, 2016, respectively (at redemption value of $10.00 per share)	383,212,270
Stockholders’ equity:
Additional paid-in-capital	4,091,567
Retained earnings	907,266	(40,959)
Total stockholders’ equity	5,000,001	(15,959)
Total liabilities and stockholders’ equity	402,869,391	418,227
Class A
Stockholders’ equity:
Common stock	168
Class F
Stockholders’ equity:
Common stock	$ 1,000	$ 25,000

BALANCE SHEET (Parenthetical)

BALANCE SHEET (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	220,000,000	220,000,000
Class A
Shares subject to possible redemption, issued	38,321,227	0
Redemption value per share	$ 10	$ 10
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	1,678,773	0
Common stock, shares outstanding	1,678,773	0
Class F
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	20,000,000	20,000,000
Common stock, shares issued	10,000,000	10,000,000
Common stock, shares outstanding	10,000,000	10,000,000

STATEMENT OF OPERATIONS

STATEMENT OF OPERATIONS - USD ($)	2 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2017
Professional fees and other expenses	$ (23,219)	$ (135,746)	$ (416,615)
State franchise taxes, other than income tax	(1,312)	(45,000)	(135,000)
Net loss from operations	(24,531)	(180,746)	(551,615)
Other income - Interest income	50	983,012	2,047,422
Net income before income taxes	(24,481)	802,266	1,495,807
Provision for income tax		547,582	547,582
Net income attributable to common shares	(24,481)	254,684	948,225
Class A
Net income attributable to common shares		$ 400,350	$ 1,183,343
Net Income (Loss) per ordinary share:
Basic and diluted		$ 0.01	$ 0.03
Class F
Net income attributable to common shares	$ (24,481)	$ (145,666)	$ (235,118)
Net Income (Loss) per ordinary share:
Basic and diluted	$ 0	$ (0.01)	$ (0.02)

STATEMENT OF CHANGES IN STOCKHO

STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY - 9 months ended Sep. 30, 2017 - USD ($)	Class AOrdinary Shares	Class FOrdinary Shares	Additional Paid-in Capital	Accumulated Deficit	Total
Beginning Balance (in shares) at Dec. 31, 2016		10,781,250
Beginning Balance at Dec. 31, 2016		$ 1,078	$ 23,922	$ (40,959)	$ (15,959)
Common stock forfeited (in shares)		(781,250)
Common stock forfeited, value		$ (78)	78
Sale of common stock (in shares)	40,000,000
Sale of common stock, value	$ 4,000		399,996,000		400,000,000
Sale of Private Placement Warrants to Sponsor			10,000,000		10,000,000
Underwriters discounts			(8,000,000)		(8,000,000)
Offering costs charged to additional paid-in capital			(719,995)		(719,995)
Deferred underwriting compensation			(14,000,000)		(14,000,000)
Common stock subject to possible redemption (in shares)	(38,321,227)
Common stock subject to possible redemption	$ (3,832)		(383,208,438)		(383,212,270)
Net income				948,225	948,225
Ending Balance (in shares) at Sep. 30, 2017	1,678,773	10,000,000
Ending Balance at Sep. 30, 2017	$ 168	$ 1,000	$ 4,091,567	$ 907,266	$ 5,000,001

STATEMENT OF CHANGES IN STOCKH6

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	Jan. 19, 2017	Sep. 30, 2017	Dec. 31, 2016
Share price per unit (in dollars per share)	$ 10
Number of warrants sold		6,666,666
Warrants sold, price per warrant		$ 1.50
Class A
Share price per unit (in dollars per share)		$ 10
Number of shares subject to possible redemption		38,321,227	0
Redemption value per share		$ 10	$ 10

STATEMENT OF CASH FLOWS

STATEMENT OF CASH FLOWS - USD ($)	2 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2017
Cash flows from operating activities:
Net income	$ (24,481)	$ 948,225
Changes in deferred income tax provision		337,797
Changes in receivable - related party		436
Changes in state franchise tax accrual		65,487
Changes in prepaid assets		(201,005)
Changes in deferred offering costs		414,606
Changes in income taxes payable		209,785
Changes in accrued expenses, formation and offering costs	(55,875)	(240,135)
Net cash provided by operating activities	(80,356)	1,535,196
Cash flows from investing activities
Cash deposited in Trust Account		(400,000,000)
Interest reinvested in Trust Account		(2,042,193)
Net cash used in investing activities		(402,042,193)
Cash flows from financing activities:
Proceeds from sale of Units in initial public offering		400,000,000
Proceeds from sale of Private Placement Warrants to Sponsor		10,000,000
Proceeds from note payable - related party	150,000
Proceeds from sale of Class F common stock to Sponsor	25,000
Repayment of notes and advances payable - related party		(150,000)
Payment of underwriters' discounts and commissions		(8,000,000)
Payment of accrued offering costs		(719,995)
Net cash provided by financing activities	175,000	401,130,005
Increase in cash	94,644	623,008
Cash at beginning of period		3,185
Cash at end of period	94,644	626,193
Supplemental disclosure of non-cash financing activities:
Deferred underwriting compensation.		$ 14,000,000
Offering costs included in accrued expenses	$ 143,186

Organization and Business Opera

Organization and Business Operations	9 Months Ended
	Sep. 30, 2017
Organization and Business Operations
Organization and Business Operations	1. Organization and Business Operations Organization and General Gores Holdings II, Inc. (the “Company”) was incorporated in Delaware on August 15, 2016. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar Business Combination with one or more businesses (the “Business Combination”). The Company has neither engaged in any operations nor generated any operating revenue to date. The Company’s management has broad discretion with respect to the Business Combination. The Company’s Sponsor is Gores Sponsor II, LLC, a Delaware limited liability company (the “Sponsor”). The Company has selected December 31 st as its fiscal year-end. At September 30, 2017, the Company had not commenced any operations. All activity for the period from August 15, 2016 (inception) through September 30, 2017 relates to the Company’s formation and initial public offering (“Public Offering”) described below. The Company completed the Public Offering on January 19, 2017 (the “Public Offering Closing Date”). The Company will not generate any operating revenues until after the completion of its Business Combination, at the earliest. Subsequent to the Public Offering, the Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Public Offering and the sale of the Private Placement Warrants (as defined below) held in the Trust Account (as defined below). Financing The Company intends to finance a Business Combination with the net proceeds from its $400,000,000 Public Offering and its sale of $10,000,000 of Private Placement Warrants. Upon the Public Offering Closing Date and the sale of the Private Placement Warrants, an aggregate of $400,000,000 was placed in a Trust Account with Continental Stock Transfer & Trust Company acting as trustee (the “Trust Account”). Trust Account Funds held in the Trust Account can be invested only in U.S. government treasury bills with a maturity of one hundred and eighty (180) days or less or in money market funds meeting certain conditions under Rule 2a‑7 under the Investment Company Act of 1940, as amended, that invest only in direct U.S. government obligations. As of September 30, 2017, the Trust Account consisted of cash and treasury bills compliant with Rule 2a‑7. The Company’s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay income taxes, if any, none of the funds held in trust will be released until the earliest of: (i) the completion of the Business Combination; or (ii) the redemption of any public shares of common stock properly tendered in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of such public shares of common stock if the Company does not complete the Business Combination within 24 months from the Public Offering Closing Date; or (iii) the redemption of 100% of the public shares of common stock if the Company is unable to complete a Business Combination within 24 months from the Public Offering Closing Date, subject to the requirements of law and stock exchange rules. Business Combination The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Public Offering, although substantially all of the net proceeds of the Public Offering are intended to be generally applied toward consummating a Business Combination. The Business Combination must be with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the Trust Account (less any deferred underwriting commissions and taxes payable on interest income earned) at the time of the Company signing a definitive agreement in connection with the Business Combination. Furthermore, there is no assurance that the Company will be able to successfully effect a Business Combination. The Company, after signing a definitive agreement for a Business Combination, will either (i) seek stockholder approval of the Business Combination at a meeting called for such purpose in connection with which stockholders may seek to redeem their shares, regardless of whether they vote for or against the Business Combination, for 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 the consummation of the Business Combination, including interest income but less taxes payable, or (ii) provide stockholders with the opportunity to sell their shares to the Company by means of a tender offer (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 the consummation of the Business Combination, including interest income but less taxes payable. The decision as to whether the Company will seek stockholder approval of the Business Combination or will allow stockholders to sell their shares in a tender offer will be made by the Company, solely in its discretion, and will be based on a variety of factors such as the timing of the transaction and whether the terms of the transaction would otherwise require the Company to seek stockholder approval, unless a vote is required by law or under NASDAQ rules. If the Company seeks stockholder approval, it will complete its Business Combination only if a majority of the outstanding shares of common stock voted are voted in favor of the Business Combination. Currently, the Company will not redeem its public shares of common stock in an amount that would cause its net tangible assets to be less than $5,000,001. In such case, the Company would not proceed with the redemption of its public shares of common stock and the related Business Combination, and instead may search for an alternate Business Combination. As a result of the foregoing redemption provisions, the public shares of common stock will be recorded at the redemption amount and classified as temporary equity, in accordance with ASC 480, “ Distinguishing Liabilities from Equity ” (“ASC 480”) in subsequent periods. The Company will have 24 months from the Public Offering Closing Date to complete its Business Combination. If the Company does not complete a Business Combination within this period of time, it shall (i) cease all operations except for the purposes of winding up; (ii) as promptly as reasonably possible, but not more than ten business days thereafter, redeem the public shares of common stock for a per share pro rata portion of the Trust Account, including interest income, but less taxes payable (less up to $100,000 of such net interest income to pay dissolution expenses) and (iii) as promptly as possible following such redemption, dissolve and liquidate the balance of the Company’s net assets to its remaining stockholders, as part of its plan of dissolution and liquidation. The Sponsor and the Company’s officers and directors have entered into a letter agreement with the Company, pursuant to which they waived their rights to participate in any redemption with respect to their Founder Shares (as defined below); however, if the Sponsor or any of the Company’s officers, directors or affiliates acquire public shares of common stock, they will be entitled to a pro rata share of the Trust Account in the event the Company does not complete a Business Combination within the required time period. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per Unit in the Public Offering. Emerging Growth Company Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Significant Accounting Policies
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”), and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the financial position as of September 30, 2017 and the results of operations and cash flows for the period presented. Operating results for the nine months ended September 30, 2017 are not necessarily indicative of results that may be expected for the full year or any other period. The accompanying unaudited financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10‑K filed with the SEC on March 30, 2017 and the notes thereto included the current report Form 8-K dated January 19, 2017 by the Company filed with the SEC. Net Income/(Loss) Per Common Share The Company has two classes of shares, which are referred to as Class A common stock and Class F common stocks. Net income/(loss) per common share is computed utilizing the two-class method. The two-class method is an earnings allocation formula that determines earnings per share separately for each class of common stock based on an allocation of undistributed earnings per the rights of each class. At September 30, 2017, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company under the treasury stock method. As a result, diluted net income/(loss) per common share is the same as basic net income/(loss) per common share for the period. The table below presents a reconciliation of the numerator and denominator used to complute basic and diluted net income/(loss) per share for each class of common stock: For the Three Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 For the Nine Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 Class A Class F Class A Class F Class A Class F Class A Class F Basic and diluted net income/(loss) per share: Numerator: Allocation of net income/(loss) $ $ $ - $ $ $ $ - $ Denominator: Weighted-average shares outstanding - - Basic and diluted net income/(loss) per share $ 0.01 $ (0.01) $ - $ (0.00) $ 0.03 $ (0.02) $ - $ (0.00) Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution and the Trust Account, which at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts. Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet. Offering Costs The Company complies with the requirements of the ASC 340‑10‑S99‑1 and SEC Staff Accounting Bulletin (SAB) Topic 5A — “Expenses of Offering.” Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the Public Offering and were charged to stockholders’ equity upon the completion of the Public Offering. Accordingly, at September 30, 2017 and December 31, 2016, offering costs totaling approximately $22,719,995 and $414,606 respectively, (including $22,000,000 in underwriter’s fees), have been charged to stockholders’ equity. Redeemable Common Stock As discussed in Note 3, all of the 40,000,000 shares of class A common stock sold as part of the Units in the Public Offering contain a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s charter. In accordance with ASC 480, redemption provisions not solely within the control of the Company require common stock subject to redemption to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its public shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock are affected by charges against additional paid in capital. Accordingly, at September 30, 2017, 38,321,227 of the 40,000,000 public shares are classified outside of permanent equity at their redemption value. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s 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 revenues and expenses during the reporting period. Actual results could differ from those estimates. Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. For those liabilities or benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax liabilities as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2017. The Company may be subject to potential examination by U.S. federal, states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income amounts in various tax jurisdictions and compliance with U.S. federal, states or foreign tax laws. The Company is incorporated in the State of Delaware and is required to pay franchise taxes to the State of Delaware on an annual basis. Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company continually monitors its positions with and the credit quality of the financial institutions with which it invests. As of the balance sheet date, and periodically throughout the year, the Company has maintained balances in various operating accounts in excess of federally insured limits. Investments and Cash Held in Trust Account At September 30, 2017, the Company had $402,042,193 in the Trust Account which may be utilized for Business Combinations. At September 30, 2017, the Trust Account consisted of both cash and treasury bills. The Company’s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay taxes, if any, none of the funds held in trust will be released until the earlier of: (i) the completion of the Business Combination; (ii) the redemption of any public shares of common stock properly tendered in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of such public shares of common stock if the Company does not complete the Business Combination within 24 months from the Public Offering Closing Date; or (iii) the redemption of 100% of the public shares of common stock if the Company is unable to complete a Business Combination within 24 months from the Public Offering Closing Date, subject to the requirements of law and stock exchange rules. Recently Adopted Accounting Pronouncements In November 2016, the FASB issued ASU No. 2016‑17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740). The amendments under the new guidance require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The guidance is effective for consolidated financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The amendments in this ASU may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company has early adopted this guidance effective December 31, 2016 on a retrospective basis, the impact of which was not significant to the financial statements. Going Concern Consideration If the Company does not complete its Business Combination by January 19, 2019, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable and less up to $100,000 of such net interest which may be distributed to the Company to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s Board of Directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the Public Offering. In addition if the Company fails to complete its Business Combination by January 19, 2019, there will be no redemption rights or liquidating distributions with respect to the warrants, which will expire worthless. In addition, at September 30, 2017 and December 31, 2016, the Company had current liabilities of $109,538 and $434,186, respectively, and working capital of $717,660 and ($15,959), respectively, largely due to amounts owed to professionals, consultants, advisors and others who are working on seeking a Business Combination as described in Note 1. Such work is continuing after September 30, 2017 and amounts are continuing to accrue.

Public Offering

Public Offering	9 Months Ended
	Sep. 30, 2017
Public Offering
Public Offering	3. Public Offering Public Units On January 19, 2017, the Company sold 40,000,000 units at a price of $10.00 per unit (the “Units”), including 2,500,000 Units as a result of the underwriter’s partial exercise of its over-allotment option, generating gross proceeds of $400,000,000. Each Unit consists of one share of the Company’s Class A common stock, $0.0001 par value, and one-third of one redeemable Class A common stock purchase warrant (the “Warrants”). Each whole warrant entitles the holder to purchase one share of Class A common stock for $11.50 per share. Each Warrant will become exercisable on the later of 30 days after the completion of the Business Combination or 12 months from the Public Offering Closing Date and will expire five years after the completion of the Business Combination or earlier upon redemption or liquidation. However, if the Company does not complete the Business Combination on or prior to the 24-month period allotted to complete the Business Combination, the Warrants will expire at the end of such period. The Warrants were issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and the Company. The Company did not register the shares of common stock issuable upon exercise of the Warrants under the Securities Act of 1933, as amended (the “Securities Act”) or any state securities law. Under the terms of the warrant agreement, the Company has agreed to use its best efforts to file a registration statement under the Securities Act following the completion of the Business Combination covering the shares of common stock issuable upon exercise of the Warrants. The Company paid an upfront underwriting discount of 2.00% ($8,000,000) of the per Unit offering price to the underwriter at the Public Offering Closing Date, with an additional fee (the “Deferred Discount”) of 3.50% of the per Unit offering price payable upon the Company’s completion of a Business Combination. The Deferred Discount will become payable to the underwriter from the amounts held in the Trust Account solely in the event the Company completes a Business Combination.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2017
Related Party Transactions
Related Party Transactions	4. Related Party Transactions Founder Shares On August 19, 2016, the Sponsor purchased 10,781,250 shares of the Company’s Class F common stock (the “Founder Shares”) for an aggregate purchase price of $25,000, or approximately $0.002 per share. Subsequently, the Sponsor transferred an aggregate of 75,000 Founder Shares to the Company’s independent directors (together with the Sponsor, the “Initial Stockholders”). On February 27, 2017, the Sponsor forfeited 781,250 Founder Shares following the expiration of the unexercised portion of underwriter’s over-allotment option, so that the Founder Shares held by the Initial Stockholders would represent 20.0% of the outstanding shares of common stock following completion of the Public Offering. The Founder Shares are identical to the common stock included in the Units sold in the Public Offering except that the Founder Shares will automatically convert into shares of Class A common stock at the time of the Business Combination on a one-for-one basis, subject to adjustment as described in the Company’s amended and restated certificate of incorporation. Private Placement Warrants The Sponsor purchased from the Company an aggregate of 6,666,666 warrants at a price of $1.50 per warrant (a purchase price of $10,000,000) in a private placement that occurred simultaneously with the Public Offering (the “Private Placement Warrants”). Each Private Placement Warrant entitles the holder to purchase one share of Class A common stock at $11.50 per share. A portion of the purchase price of the Private Placement Warrants was added to the proceeds from the Public Offering to be held in the Trust Account pending completion of the Business Combination. The Private Placement Warrants have terms and provisions that are identical to those of the Warrants sold as part of the Units in the Public Offering, except that the Private Placement Warrants may be net cash settled and are not redeemable so long as they are held by the Sponsor or its permitted transferees. If the Company does not complete a Business Combination, then the Private Placement Warrants proceeds will be part of the liquidation distribution to the public stockholders and the Private Placement Warrants will expire worthless. Registration Rights The holders of Founder Shares, Private Placement Warrants and warrants issued upon conversion of working capital loans, if any, have registration rights (in the case of the Founder Shares, only after conversion of such shares to common shares) pursuant to a registration rights agreement entered into by the Company, the Sponsor and the other security holders named therein on January 12, 2017. These holders will also have certain demand and “piggy back” registration rights. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Sponsor Loan On August 19, 2016, the Sponsor loaned the Company an aggregate of $150,000 by the issuance of an unsecured promissory note for $150,000 to cover expenses related to the Public Offering, and on January 11, 2017, the Sponsor loaned the Company an additional $150,000 by the issuance of a second unsecured promissory note for $150,000 to cover expenses related to the Public Offering (collectively, the “Notes”). These Notes were non-interest bearing and payable on the earlier of January 31, 2017 or the completion of the Public Offering. These Notes were repaid in full upon the completion of the Public Offering. Administrative Services Agreement The Company entered into an administrative services agreement on January 12, 2017, pursuant to which it agreed to pay to an affiliate of the Sponsor $20,000 a month for office space, utilities and secretarial support. Services commenced on the date the securities were first listed on the NASDAQ Capital Market and will terminate upon the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company. For the period commencing January 12, 2017 through September 30, 2017 the Company has paid the affiliate $172,258.

Deferred Underwriting Compensat

Deferred Underwriting Compensation	9 Months Ended
	Sep. 30, 2017
Deferred Underwriting Compensation.
Deferred Underwriting Compensation	5. Deferred Underwriting Compensation The Company is committed to pay a deferred underwriting discount totaling $14,000,000 or 3.50% of the gross offering proceeds of the Public Offering, to the underwriter upon the Company’s consummation of a Business Combination. The underwriter is not entitled to any interest accrued on the Deferred Discount, and no Deferred Discount is payable to the underwriter if there is no Business Combination.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Taxes
Income Taxes	6. Income Taxes Income tax expense during interim periods is based on applying an estimated annual effective income tax rate to year-to-date income, plus any significant unusual or infrequently occurring items which are recorded in the interim period. The Company’s effective tax rate is estimated at 38.01%. The provision for income taxes for the nine months ended September 30, 2017 differs from the amount that would be provided by applying the statutory U.S. federal income tax rate of 35% to pre-tax income primarily because of state income taxes. The deferred tax assets and liabilities at September 30, 2017 consist of net operating income and unrealized gains for that period. The Company has a net operating income of approximately $599,091 at September 30,2017. The computation of the annual estimated effective tax rate at each interim period requires certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income earned and taxed in various jurisdictions, permanent and temporary differences, and the likelihood of recovering deferred tax assets generated in the current year. The accounting estimates used to compute the provision for income taxes may change as new events occur, more experience is obtained, additional information becomes known or as the tax environment changes. The Company has evaluated tax positions taken or expected to be taken in the course of preparing the financial statements to determine if the tax positions are “more likely than not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the “more likely than not” threshold would be recorded as a tax benefit or expense in the current year. The Company has concluded that there was no impact related to uncertain tax positions on the results of its operations for the period ended September 30, 2017. At September 30, 2017, the Company has no accrued interest or penalties related to uncertain tax positions. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company’s conclusions regarding tax positions will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analyses of tax laws, regulations, and interpretations thereof.

Investments and cash held in Tr

Investments and cash held in Trust	9 Months Ended
	Sep. 30, 2017
Investments and cash held in Trust
Investments and cash held in Trust	7. Investments and cash held in Trust At September 30, 2017, investment securities in the Company’s Trust Account consist of $402,035,443 in United States Treasury Bills and $6,750 in cash. The Company classifies its United States Treasury and equivalent securities as held-to-maturity in accordance with FASB ASC 320, “Investments - Debt and Equity Securities.” Held-to-maturity securities are those securities which the Company has the ability and intent to hold until maturity. Held-to-maturity treasury securities are recorded at amortized cost on the accompanying balance sheet and adjusted for the amortization or accretion of premiums or discounts.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2017
Fair Value Measurement
Fair Value Measurement	8. Fair Value Measurement The Company complies with FASB ASC 820, Fair Value Measurements, for its financial assets and liabilities that are re-measured and reported at fair value at each reporting period, and non-financial assets and liabilities that are re-measured and reported at fair value at least annually. ASC 820 determines fair value to be the price that would be received to sell an asset or would be paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. The following table presents information about the Company’s assets that are measured at fair value on a recurring basis at September 30, 2017, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and includes situations where there is little, if any, market activity for the asset or liability: Significant Significant Other Other Quoted Prices in Observable Unobservable September 30, Active Markets Inputs Inputs Description 2017 (Level 1) (Level 2) (Level 3) Investments and cash held in Trust Account 402,042,193 402,042,193 — — Total $ 402,042,193 $ 402,042,193 $ — $ —

Stockholders_ Equity

Stockholders’ Equity	9 Months Ended
	Sep. 30, 2017
Stockholders’ Equity.
Stockholders’ Equity	9. Stockholders’ Equity Common Stock The Company is authorized to issue 220,000,000 shares of common stock, consisting of 200,000,000 shares of Class A common stock, par value $0.0001 per share and 20,000,000 shares of Class F common stock, par value $0.0001 per share. Holders of the Company’s common stock are entitled to one vote for each share of common stock and vote together as a single class. At September 30, 2017, there were 40,000,000 shares of Class A common stock (inclusive of the 38,321,227 shares subject to redemption) and 10,000,000 shares of Class F common stock issued and outstanding. Preferred Stock The Company is authorized to issue 1,000,000 shares of preferred stock, par value $0.0001 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Board of Directors. At September 30, 2017, there were no shares of preferred stock issued and outstanding.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events	10. Subsequent Events Management has performed an evaluation of subsequent events through the date of issuance of the financial statements, noting no items which require adjustment or disclosure other than those set forth in the preceding notes to the financial statements.

Significant Accounting Polici18

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and pursuant to the accounting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”), and reflect all adjustments, consisting only of normal recurring adjustments, which are, in the opinion of management, necessary for a fair presentation of the financial position as of September 30, 2017 and the results of operations and cash flows for the period presented. Operating results for the nine months ended September 30, 2017 are not necessarily indicative of results that may be expected for the full year or any other period. The accompanying unaudited financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 10‑K filed with the SEC on March 30, 2017 and the notes thereto included the current report Form 8-K dated January 19, 2017 by the Company filed with the SEC.
Net Loss Per Common Share	Net Income/(Loss) Per Common Share The Company has two classes of shares, which are referred to as Class A common stock and Class F common stocks. Net income/(loss) per common share is computed utilizing the two-class method. The two-class method is an earnings allocation formula that determines earnings per share separately for each class of common stock based on an allocation of undistributed earnings per the rights of each class. At September 30, 2017, the Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company under the treasury stock method. As a result, diluted net income/(loss) per common share is the same as basic net income/(loss) per common share for the period. The table below presents a reconciliation of the numerator and denominator used to complute basic and diluted net income/(loss) per share for each class of common stock: For the Three Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 For the Nine Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 Class A Class F Class A Class F Class A Class F Class A Class F Basic and diluted net income/(loss) per share: Numerator: Allocation of net income/(loss) $ $ $ - $ $ $ $ - $ Denominator: Weighted-average shares outstanding - - Basic and diluted net income/(loss) per share $ 0.01 $ (0.01) $ - $ (0.00) $ 0.03 $ (0.02) $ - $ (0.00)
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution and the Trust Account, which at times, may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on these accounts and management believes the Company is not exposed to significant risks on such accounts.
Financial Instruments	Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Offering Costs	Offering Costs The Company complies with the requirements of the ASC 340‑10‑S99‑1 and SEC Staff Accounting Bulletin (SAB) Topic 5A — “Expenses of Offering.” Offering costs consist principally of professional and registration fees incurred through the balance sheet date that are related to the Public Offering and were charged to stockholders’ equity upon the completion of the Public Offering. Accordingly, at September 30, 2017 and December 31, 2016, offering costs totaling approximately $22,719,995 and $414,606 respectively, (including $22,000,000 in underwriter’s fees), have been charged to stockholders’ equity.
Redeemable Common Stock	Redeemable Common Stock As discussed in Note 3, all of the 40,000,000 shares of class A common stock sold as part of the Units in the Public Offering contain a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the Business Combination and in connection with certain amendments to the Company’s charter. In accordance with ASC 480, redemption provisions not solely within the control of the Company require common stock subject to redemption to be classified outside of permanent equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its public shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Increases or decreases in the carrying amount of redeemable common stock are affected by charges against additional paid in capital. Accordingly, at September 30, 2017, 38,321,227 of the 40,000,000 public shares are classified outside of permanent equity at their redemption value.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires the Company’s 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 revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740, “Income Taxes.” Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. For those liabilities or benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax liabilities as income tax expense. No amounts were accrued for the payment of interest and penalties at September 30, 2017. The Company may be subject to potential examination by U.S. federal, states or foreign jurisdiction authorities in the areas of income taxes. These potential examinations may include questioning the timing and amount of deductions, the nexus of income amounts in various tax jurisdictions and compliance with U.S. federal, states or foreign tax laws. The Company is incorporated in the State of Delaware and is required to pay franchise taxes to the State of Delaware on an annual basis.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company continually monitors its positions with and the credit quality of the financial institutions with which it invests. As of the balance sheet date, and periodically throughout the year, the Company has maintained balances in various operating accounts in excess of federally insured limits.
Investments and Cash Held in Trust Account	Investments and Cash Held in Trust Account At September 30, 2017, the Company had $402,042,193 in the Trust Account which may be utilized for Business Combinations. At September 30, 2017, the Trust Account consisted of both cash and treasury bills. The Company’s amended and restated certificate of incorporation provides that, other than the withdrawal of interest to pay taxes, if any, none of the funds held in trust will be released until the earlier of: (i) the completion of the Business Combination; (ii) the redemption of any public shares of common stock properly tendered in connection with a stockholder vote to amend the Company’s amended and restated certificate of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of such public shares of common stock if the Company does not complete the Business Combination within 24 months from the Public Offering Closing Date; or (iii) the redemption of 100% of the public shares of common stock if the Company is unable to complete a Business Combination within 24 months from the Public Offering Closing Date, subject to the requirements of law and stock exchange rules.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In November 2016, the FASB issued ASU No. 2016‑17, Income Taxes - Balance Sheet Classification of Deferred Taxes (Topic 740). The amendments under the new guidance require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The guidance is effective for consolidated financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted for all entities as of the beginning of an interim or annual reporting period. The amendments in this ASU may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to all periods presented. The Company has early adopted this guidance effective December 31, 2016 on a retrospective basis, the impact of which was not significant to the financial statements.
Going Concern Consideration	Going Concern Consideration If the Company does not complete its Business Combination by January 19, 2019, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem 100% of the common stock sold as part of the units in the Public Offering, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (which interest shall be net of franchise and income taxes payable and less up to $100,000 of such net interest which may be distributed to the Company to pay dissolution expenses), divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s remaining stockholders and the Company’s Board of Directors, dissolve and liquidate, subject in each case to the Company’s obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. In the event of such distribution, it is possible that the per share value of the residual assets remaining available for distribution (including Trust Account assets) will be less than the initial public offering price per unit in the Public Offering. In addition if the Company fails to complete its Business Combination by January 19, 2019, there will be no redemption rights or liquidating distributions with respect to the warrants, which will expire worthless. In addition, at September 30, 2017 and December 31, 2016, the Company had current liabilities of $109,538 and $434,186, respectively, and working capital of $717,660 and ($15,959), respectively, largely due to amounts owed to professionals, consultants, advisors and others who are working on seeking a Business Combination as described in Note 1. Such work is continuing after September 30, 2017 and amounts are continuing to accrue.

Significant Accounting Polici19

Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2017
Significant Accounting Policies
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the Three Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 For the Nine Months Ended September 30, 2017 For the period from August 15, 2016 (inception) to September 30, 2016 Class A Class F Class A Class F Class A Class F Class A Class F Basic and diluted net income/(loss) per share: Numerator: Allocation of net income/(loss) $ $ $ - $ $ $ $ - $ Denominator: Weighted-average shares outstanding - - Basic and diluted net income/(loss) per share $ 0.01 $ (0.01) $ - $ (0.00) $ 0.03 $ (0.02) $ - $ (0.00)

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Measurement
Schedule of assets measured at fair value on a recurring basis	Significant Significant Other Other Quoted Prices in Observable Unobservable September 30, Active Markets Inputs Inputs Description 2017 (Level 1) (Level 2) (Level 3) Investments and cash held in Trust Account 402,042,193 402,042,193 — — Total $ 402,042,193 $ 402,042,193 $ — $ —

Organization and Business Ope21

Organization and Business Operations (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Stockholders' Equity
Proceeds from sale of Units in initial public offering	$ 400,000,000
Proceeds from sale of Private Placement Warrants to Sponsor	10,000,000
Amount placed in trust account	$ 400,000,000
Maximum maturity period (in days)	180 days
Redemption percentage for release of Trust Account funds	100.00%
Redemption percentage if business combination is not completed	100.00%
Number of days to seek shareholder approval for redemption of shares	2 days
Number of days to provide opportunity to shareholders to sell their shares	2 days
Dissolution expenses, maximum allowed	$ 100,000
Minimum
Stockholders' Equity
Percentage of fair market value	80.00%
Threshold net tangible assets	$ 5,000,001
Maximum
Stockholders' Equity
Number of months to complete Business Combination	24 months
Number of days to redeem the shares if Business combination is not completed	10 days

Significant Accounting Polici22

Significant Accounting Policies (Details)	2 Months Ended	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2017USD ($)item$ / sharesshares	Dec. 31, 2016USD ($)shares
Net Loss per Common Share
Number of classes of shares | item			2
Dilutive securities | shares			0
Allocation of net income/(loss)	$ (24,481)	$ 254,684	$ 948,225
Accrued interest and penalties related to unrecognized tax liabilities		0	0
Investments and cash held in Trust Account		$ 402,042,193	$ 402,042,193
Redemption percentage for release of Trust Account funds			100.00%
Redemption percentage if business combination is not completed		100.00%	100.00%
Dissolution expenses, maximum allowed			$ 100,000
Current liabilities		$ 109,538	109,538	$ 434,186
Working capital		717,660	717,660	(15,959)
Minimum
Net Loss per Common Share
Threshold net tangible assets			$ 5,000,001
Maximum
Net Loss per Common Share
Number of months to complete Business Combination			24 months
Number of days to redeem the shares if Business combination is not completed			10 days
IPO
Net Loss per Common Share
Offering costs charged to stockholders' equity to date		22,719,995	$ 22,719,995	$ 414,606
Underwriter's fees		22,000,000	22,000,000
Class A
Net Loss per Common Share
Allocation of net income/(loss)		$ 400,350	$ 1,183,343
Weighted average common shares outstanding, Basic & Diluted | shares		40,000,000	37,352,000
Basic and diluted net income/(loss) per share | $ / shares		$ 0.01	$ 0.03
Shares subject to possible redemption, issued | shares		38,321,227	38,321,227	0
Common stock, shares outstanding | shares		1,678,773	1,678,773	0
Class A | IPO
Net Loss per Common Share
Sale of common stock (in shares) | shares			40,000,000
Class F
Net Loss per Common Share
Allocation of net income/(loss)	$ (24,481)	$ (145,666)	$ (235,118)
Weighted average common shares outstanding, Basic & Diluted | shares	10,781,250	10,000,000	10,163,750
Basic and diluted net income/(loss) per share | $ / shares	$ 0	$ (0.01)	$ (0.02)
Common stock, shares outstanding | shares		10,000,000	10,000,000	10,000,000

Public Offering - (Details)

Public Offering - (Details) - USD ($)	Jan. 19, 2017	Sep. 30, 2017	Dec. 31, 2016
Stockholders' Equity
Units sold	40,000,000
Share price per unit (in dollars per share)	$ 10
Gross proceeds		$ 400,000,000
Upfront underwriting discount		$ 8,000,000
Percentage of deferred underwriting discount		3.50%
Class A
Stockholders' Equity
Share price per unit (in dollars per share)		$ 10
Common stock, par value (in dollars per share)		$ 0.0001	$ 0.0001
Number of shares that contribute each unit		1
Number of shares warrant may be converted		1
Warrants exercise price (in dollars per share)		$ 11.50
Warrant
Stockholders' Equity
Number of shares that contribute each unit		0.33
Warrant exercisable term if business combination is completed		30 days
Warrant exercisable term from the closing of public offer		12 months
Warrant expiration term		5 years
Number of months to complete Business Combination		24 months
IPO
Stockholders' Equity
Gross proceeds	$ 400,000,000
Upfront underwriting discount (as a percent)	2.00%
Upfront underwriting discount	$ 8,000,000
Percentage of deferred underwriting discount		3.50%
IPO | Class A
Stockholders' Equity
Sale of common stock (in shares)		40,000,000
Over-Allotment Option
Stockholders' Equity
Units sold	2,500,000

Related Party Transactions - (D

Related Party Transactions - (Details)	Feb. 27, 2017shares	Jan. 11, 2017USD ($)	Aug. 19, 2016USD ($)$ / sharesshares	Sep. 30, 2017USD ($)$ / sharesshares	Sep. 30, 2017USD ($)$ / sharesshares
Related Party Transaction [Line Items]
Sale of common stock, value | $					$ 400,000,000
Number of warrants sold | shares				6,666,666	6,666,666
Warrants sold, price per warrant | $ / shares					$ 1.50
Proceeds from sale of Private Placement Warrants to Sponsor | $					$ 10,000,000
Class A
Related Party Transaction [Line Items]
Number of shares warrant may be converted | shares				1	1
Warrants exercise price (in dollars per share) | $ / shares				$ 11.50	$ 11.50
IPO | Class A
Related Party Transaction [Line Items]
Sale of common stock (in shares) | shares					40,000,000
Founder Shares
Related Party Transaction [Line Items]
Outstanding shares of common stock held by the initial stockholders (as a percent)	20.00%
Founder Shares | Class A
Related Party Transaction [Line Items]
Conversion ratio					1
Private Placement Warrants
Related Party Transaction [Line Items]
Warrants exercise price (in dollars per share) | $ / shares				$ 11.50	$ 11.50
Private Placement Warrants | Class A
Related Party Transaction [Line Items]
Number of shares warrant may be converted | shares				1	1
Sponsor Loan
Related Party Transaction [Line Items]
Proceeds from Promissory Note to related party | $		$ 150,000	$ 150,000
Transactions during the period | $		$ 150,000	$ 150,000
Sponsor [Member] | Founder Shares
Related Party Transaction [Line Items]
Number of shares forfeited | shares	781,250
Sponsor [Member] | Founder Shares | Class F
Related Party Transaction [Line Items]
Sale of common stock (in shares) | shares			10,781,250
Sale of common stock, value | $			$ 25,000
Share price | $ / shares			$ 0.002
Sponsor [Member] | Private Placement Warrants
Related Party Transaction [Line Items]
Number of warrants sold | shares			6,666,666
Warrants sold, price per warrant | $ / shares			$ 1.50
Proceeds from sale of Private Placement Warrants to Sponsor | $			$ 10,000,000
Sponsor [Member] | Administrative Service Agreement
Related Party Transaction [Line Items]
Monthly charge for administrative services | $					$ 20,000
Transactions during the period | $				$ 172,258
Director | Founder Shares
Related Party Transaction [Line Items]
Number of shares transferred | shares			75,000

Deferred Underwriting Compens25

Deferred Underwriting Compensation - (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Deferred Underwriting Compensation.
Deferred underwriting discount payable if business combination is completed	$ 14,000,000
Percentage of deferred underwriting discount	3.50%
Deferred underwriting discount if business combination not completed	$ 0

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Sep. 30, 2017USD ($)
Income Taxes
Federal income tax rate	35.00%
Deferred tax asset
Net Taxable Income	$ 599,091
Effective tax rate	38.01%
Impact of uncertain tax positions on results of operations	$ 0
Accrued interest and penalties related to unrecognized tax liabilities	$ 0

Investments and cash held in 27

Investments and cash held in Trust - (Details)	Sep. 30, 2017USD ($)
Schedule of Investments [Line Items]
Investments and cash held in Trust Account	$ 402,042,193
US Treasury Securities [Member]
Schedule of Investments [Line Items]
Investments and cash held in Trust Account	402,035,443
Cash [Member]
Schedule of Investments [Line Items]
Investments and cash held in Trust Account	$ 6,750

Fair Value Measurement (Details

Fair Value Measurement (Details)	Sep. 30, 2017USD ($)
Quoted Prices in Active Markets (Level 1)
Measured at fair value on recurring basis
Investments and cash held in Trust Account	$ 402,042,193
Total	402,042,193
Recurring
Measured at fair value on recurring basis
Investments and cash held in Trust Account	402,042,193
Total	$ 402,042,193

Stockholders_ Equity - (Details

Stockholders’ Equity - (Details)	Sep. 30, 2017Vote$ / sharesshares	Dec. 31, 2016$ / sharesshares
Common Stock
Common stock, shares authorized	220,000,000	220,000,000
Number of votes per share | Vote	1
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A
Common Stock
Common stock, shares authorized	200,000,000	200,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Common stock, inclusive of shares subject to redemption, number of shares issued and outstanding	40,000,000
Common stock, shares issued	1,678,773	0
Common stock, shares outstanding	1,678,773	0
Number of shares subject to possible redemption	38,321,227	0
Class F
Common Stock
Common stock, shares authorized	20,000,000	20,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001
Common stock, shares issued	10,000,000	10,000,000
Common stock, shares outstanding	10,000,000	10,000,000