Concrete Pumping (BBCP) 10-Q 13 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Sep. 30, 2017	Nov. 13, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Entity Registrant Name	Industrea Acquisition Corp.
Entity Central Index Key	1,703,956
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Trading Symbol	INDUU
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		23,000,000
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		5,750,000

CONDENSED BALANCE SHEET

CONDENSED BALANCE SHEET	Sep. 30, 2017USD ($)
Current assets
Cash	$ 986,471
Prepaid expenses	234,456
Total current assets	1,220,927
Cash and marketable securities held in Trust Account	235,035,755
Total assets	236,256,682
Current liabilities:
Accounts payable	104,651
Accrued expenses - related parties	66,751
Income tax payable	51,226
Total current liabilities	222,628
Deferred underwriting commissions	8,050,000
Total liabilities	8,272,628
Commitments
Class A common stock, $0.0001 par value; 21,861,181 shares subject to possible redemption (at redemption value of approximately $10.20 per share)	222,984,046
Stockholders' Equity
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	0
Additional paid-in capital	4,855,755
Retained earnings	143,564
Total stockholders' equity	5,000,008
Total Liabilities and Stockholders' Equity	236,256,682
Common Class A [Member]
Stockholders' Equity
Common stock, value	114
Total stockholders' equity	114
Common Class B [Member]
Stockholders' Equity
Common stock, value	575	[1]
Total stockholders' equity	$ 575
[1]	This number included up to 750,000 shares subject to forfeiture if the over -allotment was not exercised in full or in part by the underwriters. On August 1, 2017, to the underwriters fully exercised their over-allotment option. As a result, these shares were no longer subject to forfeiture.

CONDENSED BALANCE SHEET _Parent

CONDENSED BALANCE SHEET [Parenthetical]	6 Months Ended
	Sep. 30, 2017$ / sharesshares
Preferred Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Preferred Stock, Shares Authorized	1,000,000
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0
Temporary Equity, Par or Stated Value Per Share | $ / shares	$ 0.0001
Temporary Equity, Shares Outstanding	21,861,181
Temporary Equity, Redemption Price Per Share | $ / shares	$ 10.20
Common Class A [Member]
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Common Stock, Shares Authorized	200,000,000
Common Stock, Shares, Issued	1,138,819
Common Stock, Shares, Outstanding	1,138,819
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation	21,861,181
Common Class B [Member]
Common Stock, Par or Stated Value Per Share | $ / shares	$ 0.0001
Common Stock, Shares Authorized	200,000,000
Common Stock, Shares, Issued	5,750,000
Common Stock, Shares, Outstanding	5,750,000
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation	750,000

CONDENSED STATEMENTS OF OPERATI

CONDENSED STATEMENTS OF OPERATIONS - USD ($)		3 Months Ended	6 Months Ended
		Sep. 30, 2017	Sep. 30, 2017
Formation and operating costs		$ 195,091	$ 195,965
State franchise taxes		45,000	45,000
Loss from operations		(240,091)	(240,965)
Interest income		435,755	435,755
Income before income tax expense		195,664	194,790
Income tax expense		(51,226)	(51,226)
Net income		$ 144,438	$ 143,564
Weighted average shares outstanding
Basic	[1]	6,514,940	6,161,547
Diluted	[1]	21,000,000	13,954,678
Net earnings per share
Basic		$ 0.02	$ 0.02
Diluted		$ 0.01	$ 0.01
[1]	This number excludes an aggregate of up to 21,861,181 shares of Class A common stock subject to possible redemption at September 30, 2017.

CONDENSED STATEMENT OF CHANGES

CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY - 6 months ended Sep. 30, 2017 - USD ($)	Total	Common Class A [Member]	Common Class B [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]
Balance at Apr. 06, 2017	$ 0	$ 0	$ 0	$ 0	$ 0
Balance (in shares) at Apr. 06, 2017		0	0
Issuance of Class B common stock to Sponsor	25,000	$ 0	$ 575	24,425	0
Issuance of Class B common stock to Sponsor (in shares)		0	5,750,000
Sale of units in initial public offering, net of offering costs	216,715,490	$ 2,300	$ 0	216,713,190	0
Sale of units in initial public offering, net of offering costs (in shares)		23,000,000
Sale of private placement warrants to Sponsor in private placement	11,100,000	$ 0	0	11,100,000	0
Common stock subject to possible redemption	(222,984,046)	$ (2,186)	$ 0	(222,981,860)	0
Common stock subject to possible redemption (in shares)		(21,861,181)	0
Net loss	143,564	$ 0	$ 0	0	143,564
Balance at Sep. 30, 2017	$ 5,000,008	$ 114	$ 575	$ 4,855,755	$ 143,564
Balance (in shares) at Sep. 30, 2017		1,138,819	5,750,000

CONDENSED STATEMENT OF CASH FLO

CONDENSED STATEMENT OF CASH FLOWS	6 Months Ended
	Sep. 30, 2017USD ($)
Cash Flows from Operating Activities:
Net income	$ 143,564
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on investments and marketable securities held in Trust Account	(435,755)
Changes in operating assets and liabilities:
Prepaid expenses	(234,456)
Accounts payable	89,651
Accrued expenses - related parties	66,751
Income tax payable	51,226
Net cash used in operating activities	(319,019)
Cash Flows from Investing Activities
Principal deposited in Trust Account	(234,600,000)
Net cash used in investing activities	(234,600,000)
Cash Flows from Financing Activities:
Proceeds from issuance of Class B common stock to Sponsor	25,000
Proceeds received under loan from related parties	224,403
Repayment of loan from related parties	(224,403)
Proceeds received from initial public offering, net of offering costs	224,780,490
Proceeds received from private placement	11,100,000
Net cash provided by financing activities	235,905,490
Net increase in cash	986,471
Cash - beginning of the period	0
Cash - ending of the period	986,471
Supplemental disclosure of noncash investing and financing activities:
Offering costs included in accounts payable and accrued expenses	15,000
Deferred underwriting commissions in connection with the initial public offering	8,050,000
Value of Class A ordinary shares subject to possible redemption	$ 222,984,046

Description of Organization and

Description of Organization and Business Operations	6 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note 1 — Description of Organization and Business Operations Industrea Acquisition Corp. (the “Company”) was incorporated in Delaware on April 7, 2017. 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”). Although the Company is not limited to a particular industry or sector for purposes of consummating a Business Combination, the Company intends to focus its search on manufacturing and service companies in the industrial sector. The Company is an emerging growth company and, as such, the Company is subject to all of the risks associated with emerging growth companies. As of September 30, 2017, the Company had not commenced any operations. All activity for the period from April 7, 2017 (date of inception) through September 30, 2017 relates to the Company’s formation and the Initial Public Offering (as defined below). The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest. The Company will generate non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end. The registration statement for the Company’s Initial Public Offering was declared effective on July 26, 2017. On August 1, 2017, the Company consummated its initial public offering (the “Initial Public Offering”) of 23,000,000 3,000,000 10.00 230 13.3 8.05 Simultaneously with the closing of the Initial Public Offering, the Company consummated the private placement (“Private Placement”) of 11,100,000 1.00 11.1 Upon the closing of the Initial Public Offering and Private Placement, $ 234.6 10.20 At September 30, 2017, the Company had approximately $ 986,000 The Company will provide its holders of the outstanding shares of its Class A common stock, par value $ 0.0001 5,000,001 Notwithstanding the foregoing, the Amended and Restated Certificate of Incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15 The Company’s Sponsor, officers and directors (the “initial stockholders”) have agreed not to propose an amendment to the Amended and Restated Certificate of Incorporation to modify the substance or timing of the Company’s obligation to redeem 100 If the Company is unable to complete a Business Combination within 24 months from the closing of the Initial Public Offering (the “Combination Period”), 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 the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account including interest earned on the funds held in the Trust Account and not previously released to us to pay the Company’s franchise and income taxes (less up to $ 100,000 The initial stockholders have agreed to waive their liquidation rights with respect to the Founder Shares if the Company fails to complete a Business Combination within the Combination Period. However, if the initial stockholders should acquire Public Shares in or after the Initial Public Offering, they will be entitled to liquidating distributions from the Trust Account with respect to such Public Shares if the Company fails to complete a Business Combination within the Combination Period. The underwriters have agreed to waive their rights to its deferred underwriting commission held in the Trust Account in the event the Company does not complete a Business Combination within in the Combination Period and, in such event, such amounts will be included with the other funds held in the Trust Account that will be available to fund the redemption of the Public Shares. 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 only $ 10.20 Liquidity As of September 30, 2017, the Company had approximately $986,000 in its operating bank account, approximately $ 436,000 100,000 1 Through September 30, 2017, the Company’s liquidity needs have been satisfied through receipt of a $ 25,000 224,403 Based on the foregoing, management believes that the Company will have sufficient working capital and borrowing capacity to meet the Company's needs through the earlier of the consummation of a Business Combination or August 1, 2019. Over this time period, the Company will be using these funds for paying existing accounts payable, identifying and evaluating prospective initial Business Combination candidates, performing due diligence on prospective target businesses, paying for travel expenditures, selecting the target business to merge with or acquire, and structuring, negotiating and consummating the Business Combination.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	Note 2 — Significant Accounting Policies The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to rules and regulations of the SEC. 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, 2017 and for the period from April 7, 2017 (date of inception) through September 30, 2017 are not necessarily indicative of the results that may be expected through December 31, 2017. Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth 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 an 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. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $ 250,000 The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet. 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 expenses during the reporting period. Actual results could differ from those estimates. Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering and totaled approximately $ 13.3 8.05 The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “ Distinguishing Liabilities from Equity 21,861,181 Net income (loss) per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the periods. An aggregate of 21,861,181 11,100,000 The Company follows the asset and liability method of accounting for income taxes under FASB 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 included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions 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. There were no unrecognized tax benefits as of September 30, 2017. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties for the period from April 7, 2017 (date of inception) to September 30, 2017. 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 is subject to income tax examinations by major taxing authorities since inception. The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Initial Public Offering

Initial Public Offering	6 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Initial Public Offering [Text Block]	Note 3 — Initial Public Offering On August 1, 2017, the Company sold 23,000,000 3,000,000 10.00 11.50

Private Placement

Private Placement	6 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Private Placement [Text Block]	Note 4 — Private Placement Concurrently with the closing of the Initial Public Offering, the Sponsor purchased an aggregate of 11,100,000 1.00 11.1 11.50 The Sponsor and the Company’s officers and directors have agreed, subject to limited exceptions, not to transfer, assign or sell any of their Private Placement Warrants until 30 days after the completion of the initial Business Combination.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	Note 5 — Related Party Transactions Founder Shares On April 10, 2017, the Sponsor purchased 5,750,000 0.0001 25,000 28,750 750,000 The initial stockholders have agreed, subject to limited exceptions, not to transfer, assign or sell any of its Founder Shares until the earlier to occur of: (A) one year after the completion of the initial Business Combination or (B) subsequent to the initial Business Combination, (x) if the last sale price of the Class A common stock equals or exceeds $ 12.00 Related Party Loans Prior to the consummation of the Initial Public Offering, the Sponsor loaned the Company an aggregate of $ 224,403 In addition, in order to finance transaction costs in connection with a Business Combination, the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”). If the Company completes a Business Combination, the Company would repay the Working Capital Loans out of the proceeds of the Trust Account released to the Company. Otherwise, the Working Capital Loans would be repaid only out of funds held outside the Trust Account. In the event that a Business Combination does not close, the Company may use a portion of proceeds held outside the Trust Account to repay the Working Capital Loans but no proceeds held in the Trust Account would be used to repay the Working Capital Loans. Except for the foregoing, the terms of such Working Capital Loans, if any, have not been determined and no written agreements exist with respect to such loans. The Working Capital Loans would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion, up to $ 1.5 1.00 Officer and Director Compensation The Company has agreed, commencing on the effective date of the Initial Public Offering through the earlier of the Company’s consummation of a Business Combination and its liquidation, to pay the Sponsor a total of $ 10,000 In addition, the Company will pay each of the five independent directors $ 50,000 The Company recognized an aggregate of approximately $ 67,000

Commitments & Contingencies

Commitments & Contingencies	6 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Note 6 — Commitments & Contingencies Registration Rights The holders of Founder Shares, Private Placement Warrants and warrants that may be issued upon conversion of Working Capital Loans, if any, will be entitled to registration rights (in the case of the Founder Shares, only after conversion of such shares to shares of Class A common stock) pursuant to a registration rights agreement to be signed on or before the date of the prospectus for the Initial Public Offering. These holders will be entitled to certain demand and “piggyback” registration rights. However, the registration rights agreement provides that the Company will not permit any registration statement filed under the Securities Act to become effective until the termination of the applicable lock-up period for the securities to be registered. The Company will bear the expenses incurred in connection with the filing of any such registration statements. Underwriting Agreement The Company granted the underwriters a 45-day option from July 26, 2017 to purchase up to 3,000,000 The underwriters were entitled to an underwriting discount of $ 0.20 4.6 0.35 8.05

Stockholders_ Equity

Stockholders’ Equity	6 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Note 7 — Stockholders’ Equity Common Stock Class A Common Stock Class B Common Stock Holders of Class A common stock and Class B common stock will vote together as a single class on all other matters submitted to a vote of stockholders except as required by law. The shares of Class B common stock will automatically convert into shares of Class A common stock at the time of the initial Business Combination on a one-for-one basis, subject to adjustment. In the case that additional shares of Class A common stock, or equity-linked securities, are issued or deemed issued in excess of the amounts offered in the Initial Public Offering and related to the closing of the initial Business Combination, the ratio at which shares of Class B common stock shall convert into shares of Class A common stock will be adjusted (unless the holders of a majority of the outstanding shares of Class B common stock agree to waive such adjustment with respect to any such issuance or deemed issuance) so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the Initial Public Offering plus all shares of Class A common stock and equity-linked securities issued or deemed issued in connection with the initial Business Combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial Business Combination and any private placement-equivalent warrants issued to the Sponsor or its affiliates upon conversion of loans made to the Company). Holders of Founder Shares may also elect to convert their shares of Class B common stock into an equal number of shares of Class A common stock, subject to adjustment as provided above, at any time. Preferred Stock

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	Note 8 — Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,035,755

Significant Accounting Polici15

Significant Accounting Policies (Policies)	6 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying unaudited condensed financial statements have been prepared in accordance with United States generally accepted accounting principles (“U.S. GAAP”) for interim financial information and pursuant to rules and regulations of the SEC. 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, 2017 and for the period from April 7, 2017 (date of inception) through September 30, 2017 are not necessarily indicative of the results that may be expected through December 31, 2017.
Emerging Growth Company [Policy Text Block]	Emerging Growth Company Section 102(b)(1) of the Jumpstart Our Business Startups Act of 2012 (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 Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that an emerging growth 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 an 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. This may make comparison of the Company’s financial statement with another public company that is neither an emerging growth company nor an emerging growth company that has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash accounts in a financial institution, which, at times, may exceed the Federal Depository Insurance Coverage of $ 250,000
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments The fair value of the Company’s assets and liabilities, which qualify as financial instruments under the FASB ASC 820, “Fair Value Measurements and Disclosures,” approximates the carrying amounts represented in the balance sheet.
Use of Estimates, Policy [Policy Text Block]	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 expenses during the reporting period. Actual results could differ from those estimates.
Deferred Charges, Policy [Policy Text Block]	Offering Costs Offering costs consisted of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering that were directly related to the Initial Public Offering and totaled approximately $ 13.3 8.05
Common Stock Subject to Possible Redemption [Policy Text Block]	Class A Common Stock Subject to Possible Redemption The Company accounts for its Class A common stock subject to possible redemption in accordance with the guidance in Accounting Standards Codification (“ASC”) Topic 480 “ Distinguishing Liabilities from Equity 21,861,181
Earnings Per Share, Policy [Policy Text Block]	Net Income (Loss) per Share Net income (loss) per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the periods. An aggregate of 21,861,181 11,100,000
Income Tax, Policy [Policy Text Block]	Income Taxes The Company follows the asset and liability method of accounting for income taxes under FASB 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 included the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. FASB ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions 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. There were no unrecognized tax benefits as of September 30, 2017. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. No amounts were accrued for the payment of interest and penalties for the period from April 7, 2017 (date of inception) to September 30, 2017. 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 is subject to income tax examinations by major taxing authorities since inception.
New Accounting Pronouncements, Policy [Policy Text Block]	The Company’s management does not believe that any recently issued, but not yet effective, accounting pronouncements, if currently adopted, would have a material effect on the Company’s financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	The following table presents information about the Company’s assets that are measured on a recurring basis as of September 30, 2017 and indicates the fair value hierarchy of the valuation techniques that the Company utilized to determine such fair value. Quoted Prices Significant Other Significant Other in Active Markets Observable Inputs Unobservable Inputs Description (Level 1) (Level 2) (Level 3) Cash and marketable securities held in Trust Account $ 235,035,755

Description of Organization a17

Description of Organization and Business Operations (Details Textual) - USD ($)	Aug. 01, 2017	Sep. 30, 2017	Sep. 30, 2017	Apr. 06, 2017
Sale of Stock, Price Per Share	$ 10.20
Stock Issued During Period, Value, New Issues	$ 230,000,000		$ 25,000
Deferred Offering Costs	13,300,000	$ 13,300,000	13,300,000
Proceeds from Issuance or Sale of Equity	$ 234,600,000
Interest Receivable		$ 100,000	$ 100,000
Share Price		$ 10.20	$ 10.20
Minimum Percentage of Redeem of Shares		15.00%	15.00%
Percentage of Redeem of Public Shares		100.00%	100.00%
Cash and Cash Equivalents, at Carrying Value		$ 986,471	$ 986,471	$ 0
Investment Income, Interest		435,755	435,755
Interest Expense			100,000
Working Capital		1,000,000	1,000,000
Proceeds from Issuance of Common Stock			25,000
Proceeds from Related Party Debt			224,403
Minimum [Member]
Net Assets		5,000,001	5,000,001
IPO [Member]
Stock Issued During Period, Shares, New Issues	23,000,000
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	3,000,000
Sale of Stock, Price Per Share	$ 10
Deferred Offering Costs	$ 8,050,000	$ 8,050,000	$ 8,050,000
Private Placement [Member]
Sale of Stock, Price Per Share	$ 1
Proceeds from Issuance of Warrants	$ 11,100,000
Number Of Warrants Issued	11,100,000
Common Class A [Member]
Stock Issued During Period, Shares, New Issues			0
Stock Issued During Period, Value, New Issues			$ 0
Common Stock, Par or Stated Value Per Share		$ 0.0001	$ 0.0001

Significant Accounting Polici18

Significant Accounting Policies (Details Textual) - USD ($)	6 Months Ended
	Sep. 30, 2017	Aug. 01, 2017
Cash, FDIC Insured Amount	$ 250,000
Temporary Equity, Shares Outstanding	21,861,181
Deferred Offering Costs	$ 13,300,000	$ 13,300,000
Over-Allotment Option [Member]
Deferred Offering Costs	$ 8,050,000	$ 8,050,000
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	11,100,000
Shares Subject to Possible Redemption [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	21,861,181

Initial Public Offering (Detail

Initial Public Offering (Details Textual)	Aug. 01, 2017$ / sharesshares
Sale of Stock, Price Per Share	$ 10.20
IPO [Member]
Stock Issued During Period, Shares, New Issues | shares	23,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues | shares	3,000,000
Sale of Stock, Price Per Share	$ 10

Private Placement (Details Text

Private Placement (Details Textual) $ / shares in Units, $ in Millions	Aug. 01, 2017USD ($)$ / sharesshares
Sale of Stock, Price Per Share	$ 10.20
Private Placement [Member]
Number Of Warrants Issued | shares	11,100,000
Sale of Stock, Price Per Share	$ 1
Proceeds from Issuance of Warrants | $	$ 11.1
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.50

Related Party Transactions (Det

Related Party Transactions (Details Textual) - USD ($)	Apr. 10, 2017	May 31, 2017	Sep. 30, 2017
Proceeds from Issuance of Common Stock			$ 25,000
Shares Issued, Price Per Share			$ 12
Notes Payable, Related Parties, Current			$ 224,403
Operating Leases, Rent Expense			10,000
Due to Officers or Stockholders			50,000
Accrued Liabilities, Current			66,751
Working Capital Loan [Member]
Long-term Debt, Gross			$ 1,500,000
Debt Instrument, Convertible, Conversion Price			$ 1
Common Class B [Member]
Stock Issued During Period, Shares, New Issues	5,750,000	28,750	5,750,000
Common Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001
Proceeds from Issuance of Common Stock	$ 25,000
Weighted Average Number of Shares, Common Stock Subject to Repurchase or Cancellation			750,000

Commitments & Contingencies (De

Commitments & Contingencies (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Aug. 01, 2017	Sep. 30, 2017
Deferred Offering Costs	$ 13,300	$ 13,300
Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues	3,000,000
Underwriting Discount Per Unit	$ 0.20
Payments of Stock Issuance Costs	$ 4,600
Deferred Offering Cost Per Unit	$ 0.35
Deferred Offering Costs	$ 8,050	$ 8,050

Stockholders_ Equity (Details T

Stockholders’ Equity (Details Textual) - $ / shares	6 Months Ended
	Sep. 30, 2017	Apr. 10, 2017
Preferred Stock, Shares Authorized	1,000,000
Preferred Stock, Shares Issued	0
Preferred Stock, Shares Outstanding	0
Common Class A [Member]
Common Stock, Shares Authorized	200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001
Common Stock, Shares, Issued	1,138,819
Common Stock, Shares, Outstanding	1,138,819
Temporary Equity, Shares Authorized	21,861,181
Common Class B [Member]
Common Stock, Shares Authorized	200,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares, Issued	5,750,000
Common Stock, Shares, Outstanding	5,750,000
Conversion of Stock, Description	so that the number of shares of Class A common stock issuable upon conversion of all shares of Class B common stock will equal, in the aggregate, on an as-converted basis, 20% of the sum of the total number of all shares of common stock outstanding upon the completion of the Initial Public Offering

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member]	Sep. 30, 2017USD ($)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 235,035,755
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure