NOTE 6 — TRUST ACCOUNT

A total of $66,300,000, which includes $65,000,000 of the net proceeds from the Public Offering and $1,300,000 from the sale of the Private Warrants, was placed in the Trust Account on August 24, 2016.

As of August 31, 2016, the Company’s Trust Account consisted of $66,300,000 in cash. In September 2016 the proceeds held from the Public Offering were used to invest 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 and investing only in direct U.S. government obligations.