the founder shares may not be transferred , assigned or sold until the earlier of ( i ) one year after the completion of the business combination and ( ii ) the date on which the company completes a liquidation , merger , share exchange , reorganization or story_separator_special_tag the following discussion and analysis of the company 's financial condition and results of operations should be read in conjunction with the audited financial statements and the notes related thereto which are included in `` item 8. financial statements and supplementary data `` of this annual report on form 10-k. certain information contained in the discussion and analysis set forth below includes forward-looking statements . our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors , including those set forth under `` special note regarding forward-looking statements , `` `` item 1a . risk factors `` and elsewhere in this annual report on form 10-k. overview we are a blank check company incorporated as a cayman islands exempted company and formed for the purpose of effecting a business combination in the form of a merger , share exchange , asset acquisition , stock purchase , reorganization or similar business combination with one or more target businesses . we have reviewed , and continue to review , a number of opportunities to enter into a business combination with an operating business , but we are not able to determine at this time whether we will complete a business combination with any of the target businesses that we gave reviewed or with any other target business . we intend to effectuate a business combination using cash from the proceeds from the public offering and the sale of the private placement warrants , and from additional issuances of , if any , our capital stock and debt or a combination of cash , stock and debt . results of operations and known trends or future events for the year ended december 31 , 2016 , we had net losses of $ 208,698. for the period from december 4 , 2015 ( inception ) through december 31 , 2015 , we had net losses of $ 25,162. our business activities from inception through december 31 , 2016 consisted solely of completing the public offering , and identifying and evaluating prospective acquisition targets for a business combination . we will not generate any operating revenues until after completion of our business combination at the earliest . beginning in january 2017 , we generate non-operating income in the form of interest income on the funds held in the trust account . there has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements . we incur expenses as a result of being a public company ( for legal , financial reporting , accounting and auditing compliance ) , as well as for due diligence expenses . we believe that 54 we have sufficient funds available to complete our efforts to effect a business combination with an operating business by october 14 , 2018 , which is 24 months from the closing of the public offering . story_separator_special_tag public acquis `` , dn= `` 1 `` , chk=261058 , folio='56 ' , file='disk121 : [ 17zaj1.17zaj78001 ] dk78001a . ; 17 ' , user='jtaylora ' , cd='27-mar-2017 ; 12:37 ' > special purpose entities , guaranteed any debt or commitments of other entities , or purchased any non-financial assets . contractual obligations as of december 31 , 2016 , we did not have any long-term debt , capital lease obligations , operating lease obligations or long-term liabilities . on october 10 , 2016 , we entered into an administrative services agreement pursuant to which have agreed to pay an affiliate of our sponsor a total of $ 10,000 per month for office space , administrative and support services . upon completion of a business combination or our liquidation , we will cease paying these monthly fees . the underwriters are entitled to underwriting commissions of 5.5 % , of which 2.0 % ( $ 6,200,000 ) was paid at the closing of the public offering and over-allotment option , and 3.5 % ( $ 10,850,000 ) was deferred . the deferred underwriting commissions held in the trust account will be forfeited in the event we do not complete a business combination , subject to the terms of the underwriting agreement . the underwriters are not entitled to any interest accrued on the deferred underwriting commissions . critical accounting policies the preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the condensed financial statements , and income and expenses during the periods reported . actual results could materially differ from those estimates . the company has identified the following as its significant accounting policies : offering costs the company complies with the requirements of accounting standards codification ( `` the asc `` ) 340-10-s99-1 and sec staff accounting bulletin ( sab ) topic 5a `` expenses of offering `` . we incurred offering costs in connection with the public offering of $ 833,589 , primarily consisting of accounting and legal services , securities registration expenses and exchange listing fees . these costs , along with paid and deferred underwriting commissions totaling $ 17,050,000 , were charged to additional paid-in capital at the close date . redeemable ordinary shares the class a ordinary shares subject to possible redemption will be recorded at redemption value and classified as temporary equity in accordance with financial accounting standards board ( `` fasb `` ) accounting standards update ( `` asu `` ) 480 , distinguishing liabilities from equity . the story_separator_special_tag the founder shares may not be transferred , assigned or sold until the earlier of ( i ) one year after the completion of the business combination and ( ii ) the date on which the company completes a liquidation , merger , share exchange , reorganization or story_separator_special_tag the following discussion and analysis of the company 's financial condition and results of operations should be read in conjunction with the audited financial statements and the notes related thereto which are included in `` item 8. financial statements and supplementary data `` of this annual report on form 10-k. certain information contained in the discussion and analysis set forth below includes forward-looking statements . our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors , including those set forth under `` special note regarding forward-looking statements , `` `` item 1a . risk factors `` and elsewhere in this annual report on form 10-k. overview we are a blank check company incorporated as a cayman islands exempted company and formed for the purpose of effecting a business combination in the form of a merger , share exchange , asset acquisition , stock purchase , reorganization or similar business combination with one or more target businesses . we have reviewed , and continue to review , a number of opportunities to enter into a business combination with an operating business , but we are not able to determine at this time whether we will complete a business combination with any of the target businesses that we gave reviewed or with any other target business . we intend to effectuate a business combination using cash from the proceeds from the public offering and the sale of the private placement warrants , and from additional issuances of , if any , our capital stock and debt or a combination of cash , stock and debt . results of operations and known trends or future events for the year ended december 31 , 2016 , we had net losses of $ 208,698. for the period from december 4 , 2015 ( inception ) through december 31 , 2015 , we had net losses of $ 25,162. our business activities from inception through december 31 , 2016 consisted solely of completing the public offering , and identifying and evaluating prospective acquisition targets for a business combination . we will not generate any operating revenues until after completion of our business combination at the earliest . beginning in january 2017 , we generate non-operating income in the form of interest income on the funds held in the trust account . there has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements . we incur expenses as a result of being a public company ( for legal , financial reporting , accounting and auditing compliance ) , as well as for due diligence expenses . we believe that 54 we have sufficient funds available to complete our efforts to effect a business combination with an operating business by october 14 , 2018 , which is 24 months from the closing of the public offering . story_separator_special_tag public acquis `` , dn= `` 1 `` , chk=261058 , folio='56 ' , file='disk121 : [ 17zaj1.17zaj78001 ] dk78001a . ; 17 ' , user='jtaylora ' , cd='27-mar-2017 ; 12:37 ' > special purpose entities , guaranteed any debt or commitments of other entities , or purchased any non-financial assets . contractual obligations as of december 31 , 2016 , we did not have any long-term debt , capital lease obligations , operating lease obligations or long-term liabilities . on october 10 , 2016 , we entered into an administrative services agreement pursuant to which have agreed to pay an affiliate of our sponsor a total of $ 10,000 per month for office space , administrative and support services . upon completion of a business combination or our liquidation , we will cease paying these monthly fees . the underwriters are entitled to underwriting commissions of 5.5 % , of which 2.0 % ( $ 6,200,000 ) was paid at the closing of the public offering and over-allotment option , and 3.5 % ( $ 10,850,000 ) was deferred . the deferred underwriting commissions held in the trust account will be forfeited in the event we do not complete a business combination , subject to the terms of the underwriting agreement . the underwriters are not entitled to any interest accrued on the deferred underwriting commissions . critical accounting policies the preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the condensed financial statements , and income and expenses during the periods reported . actual results could materially differ from those estimates . the company has identified the following as its significant accounting policies : offering costs the company complies with the requirements of accounting standards codification ( `` the asc `` ) 340-10-s99-1 and sec staff accounting bulletin ( sab ) topic 5a `` expenses of offering `` . we incurred offering costs in connection with the public offering of $ 833,589 , primarily consisting of accounting and legal services , securities registration expenses and exchange listing fees . these costs , along with paid and deferred underwriting commissions totaling $ 17,050,000 , were charged to additional paid-in capital at the close date . redeemable ordinary shares the class a ordinary shares subject to possible redemption will be recorded at redemption value and classified as temporary equity in accordance with financial accounting standards board ( `` fasb `` ) accounting standards update ( `` asu `` ) 480 , distinguishing liabilities from equity . the

liquidity and capital resources as of december 31 , 2016 we had cash of $ 1,040,068 and $ 561,708 available for working capital purposes . at december 31 , 2016 , $ 310,000,000 was held in the trust account and consisted solely of cash . on january 6 , 2017 , the company invested the funds held in the trust account in u.s. treasury bills maturing on april 6 , 2017. on december 14 , 2015 , our sponsor purchased 8,625,000 founder shares for an aggregate purchase price of $ 25,000 , or approximately $ 0.003 per share . in october 2016 , our sponsor transferred 50,000 founder shares to each of our independent directors at their original per share purchase price . in addition , at such time , each of our independent directors purchased an additional 421,250 founder shares from our sponsor at their original purchase price . on october 14 , 2016 , the company consummated its public offering of 30,000,000 units , each unit consisting of one class a ordinary share and one warrant to purchase one-half of one class a ordinary share . the units were sold at an offering price of $ 10.00 per unit , generating gross proceeds of $ 300,000,000. the company granted the underwriters a 45-day option to purchase up to 4,500,000 additional units to cover over-allotments , if any . on november 28 , 2016 , the underwriters partially exercised the over-allotment option , and we sold an additional 1,000,000 units at a price of $ 10.00 per unit , generating an additional $ 10,000,000 of gross proceeds .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources as of december 31 , 2016 we had cash of $ 1,040,068 and $ 561,708 available for working capital purposes . at december 31 , 2016 , $ 310,000,000 was held in the trust account and consisted solely of cash . on january 6 , 2017 , the company invested the funds held in the trust account in u.s. treasury bills maturing on april 6 , 2017. on december 14 , 2015 , our sponsor purchased 8,625,000 founder shares for an aggregate purchase price of $ 25,000 , or approximately $ 0.003 per share . in october 2016 , our sponsor transferred 50,000 founder shares to each of our independent directors at their original per share purchase price . in addition , at such time , each of our independent directors purchased an additional 421,250 founder shares from our sponsor at their original purchase price . on october 14 , 2016 , the company consummated its public offering of 30,000,000 units , each unit consisting of one class a ordinary share and one warrant to purchase one-half of one class a ordinary share . the units were sold at an offering price of $ 10.00 per unit , generating gross proceeds of $ 300,000,000. the company granted the underwriters a 45-day option to purchase up to 4,500,000 additional units to cover over-allotments , if any . on november 28 , 2016 , the underwriters partially exercised the over-allotment option , and we sold an additional 1,000,000 units at a price of $ 10.00 per unit , generating an additional $ 10,000,000 of gross proceeds .
```    
 Suspicious Activity Report : the founder shares may not be transferred , assigned or sold until the earlier of ( i ) one year after the completion of the business combination and ( ii ) the date on which the company completes a liquidation , merger , share exchange , reorganization or story_separator_special_tag the following discussion and analysis of the company 's financial condition and results of operations should be read in conjunction with the audited financial statements and the notes related thereto which are included in `` item 8. financial statements and supplementary data `` of this annual report on form 10-k. certain information contained in the discussion and analysis set forth below includes forward-looking statements . our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors , including those set forth under `` special note regarding forward-looking statements , `` `` item 1a . risk factors `` and elsewhere in this annual report on form 10-k. overview we are a blank check company incorporated as a cayman islands exempted company and formed for the purpose of effecting a business combination in the form of a merger , share exchange , asset acquisition , stock purchase , reorganization or similar business combination with one or more target businesses . we have reviewed , and continue to review , a number of opportunities to enter into a business combination with an operating business , but we are not able to determine at this time whether we will complete a business combination with any of the target businesses that we gave reviewed or with any other target business . we intend to effectuate a business combination using cash from the proceeds from the public offering and the sale of the private placement warrants , and from additional issuances of , if any , our capital stock and debt or a combination of cash , stock and debt . results of operations and known trends or future events for the year ended december 31 , 2016 , we had net losses of $ 208,698. for the period from december 4 , 2015 ( inception ) through december 31 , 2015 , we had net losses of $ 25,162. our business activities from inception through december 31 , 2016 consisted solely of completing the public offering , and identifying and evaluating prospective acquisition targets for a business combination . we will not generate any operating revenues until after completion of our business combination at the earliest . beginning in january 2017 , we generate non-operating income in the form of interest income on the funds held in the trust account . there has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements . we incur expenses as a result of being a public company ( for legal , financial reporting , accounting and auditing compliance ) , as well as for due diligence expenses . we believe that 54 we have sufficient funds available to complete our efforts to effect a business combination with an operating business by october 14 , 2018 , which is 24 months from the closing of the public offering . story_separator_special_tag public acquis `` , dn= `` 1 `` , chk=261058 , folio='56 ' , file='disk121 : [ 17zaj1.17zaj78001 ] dk78001a . ; 17 ' , user='jtaylora ' , cd='27-mar-2017 ; 12:37 ' > special purpose entities , guaranteed any debt or commitments of other entities , or purchased any non-financial assets . contractual obligations as of december 31 , 2016 , we did not have any long-term debt , capital lease obligations , operating lease obligations or long-term liabilities . on october 10 , 2016 , we entered into an administrative services agreement pursuant to which have agreed to pay an affiliate of our sponsor a total of $ 10,000 per month for office space , administrative and support services . upon completion of a business combination or our liquidation , we will cease paying these monthly fees . the underwriters are entitled to underwriting commissions of 5.5 % , of which 2.0 % ( $ 6,200,000 ) was paid at the closing of the public offering and over-allotment option , and 3.5 % ( $ 10,850,000 ) was deferred . the deferred underwriting commissions held in the trust account will be forfeited in the event we do not complete a business combination , subject to the terms of the underwriting agreement . the underwriters are not entitled to any interest accrued on the deferred underwriting commissions . critical accounting policies the preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the condensed financial statements , and income and expenses during the periods reported . actual results could materially differ from those estimates . the company has identified the following as its significant accounting policies : offering costs the company complies with the requirements of accounting standards codification ( `` the asc `` ) 340-10-s99-1 and sec staff accounting bulletin ( sab ) topic 5a `` expenses of offering `` . we incurred offering costs in connection with the public offering of $ 833,589 , primarily consisting of accounting and legal services , securities registration expenses and exchange listing fees . these costs , along with paid and deferred underwriting commissions totaling $ 17,050,000 , were charged to additional paid-in capital at the close date . redeemable ordinary shares the class a ordinary shares subject to possible redemption will be recorded at redemption value and classified as temporary equity in accordance with financial accounting standards board ( `` fasb `` ) accounting standards update ( `` asu `` ) 480 , distinguishing liabilities from equity . the story_separator_special_tag the founder shares may not be transferred , assigned or sold until the earlier of ( i ) one year after the completion of the business combination and ( ii ) the date on which the company completes a liquidation , merger , share exchange , reorganization or story_separator_special_tag the following discussion and analysis of the company 's financial condition and results of operations should be read in conjunction with the audited financial statements and the notes related thereto which are included in `` item 8. financial statements and supplementary data `` of this annual report on form 10-k. certain information contained in the discussion and analysis set forth below includes forward-looking statements . our actual results may differ materially from those anticipated in these forward-looking statements as a result of many factors , including those set forth under `` special note regarding forward-looking statements , `` `` item 1a . risk factors `` and elsewhere in this annual report on form 10-k. overview we are a blank check company incorporated as a cayman islands exempted company and formed for the purpose of effecting a business combination in the form of a merger , share exchange , asset acquisition , stock purchase , reorganization or similar business combination with one or more target businesses . we have reviewed , and continue to review , a number of opportunities to enter into a business combination with an operating business , but we are not able to determine at this time whether we will complete a business combination with any of the target businesses that we gave reviewed or with any other target business . we intend to effectuate a business combination using cash from the proceeds from the public offering and the sale of the private placement warrants , and from additional issuances of , if any , our capital stock and debt or a combination of cash , stock and debt . results of operations and known trends or future events for the year ended december 31 , 2016 , we had net losses of $ 208,698. for the period from december 4 , 2015 ( inception ) through december 31 , 2015 , we had net losses of $ 25,162. our business activities from inception through december 31 , 2016 consisted solely of completing the public offering , and identifying and evaluating prospective acquisition targets for a business combination . we will not generate any operating revenues until after completion of our business combination at the earliest . beginning in january 2017 , we generate non-operating income in the form of interest income on the funds held in the trust account . there has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements . we incur expenses as a result of being a public company ( for legal , financial reporting , accounting and auditing compliance ) , as well as for due diligence expenses . we believe that 54 we have sufficient funds available to complete our efforts to effect a business combination with an operating business by october 14 , 2018 , which is 24 months from the closing of the public offering . story_separator_special_tag public acquis `` , dn= `` 1 `` , chk=261058 , folio='56 ' , file='disk121 : [ 17zaj1.17zaj78001 ] dk78001a . ; 17 ' , user='jtaylora ' , cd='27-mar-2017 ; 12:37 ' > special purpose entities , guaranteed any debt or commitments of other entities , or purchased any non-financial assets . contractual obligations as of december 31 , 2016 , we did not have any long-term debt , capital lease obligations , operating lease obligations or long-term liabilities . on october 10 , 2016 , we entered into an administrative services agreement pursuant to which have agreed to pay an affiliate of our sponsor a total of $ 10,000 per month for office space , administrative and support services . upon completion of a business combination or our liquidation , we will cease paying these monthly fees . the underwriters are entitled to underwriting commissions of 5.5 % , of which 2.0 % ( $ 6,200,000 ) was paid at the closing of the public offering and over-allotment option , and 3.5 % ( $ 10,850,000 ) was deferred . the deferred underwriting commissions held in the trust account will be forfeited in the event we do not complete a business combination , subject to the terms of the underwriting agreement . the underwriters are not entitled to any interest accrued on the deferred underwriting commissions . critical accounting policies the preparation of condensed financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities at the date of the condensed financial statements , and income and expenses during the periods reported . actual results could materially differ from those estimates . the company has identified the following as its significant accounting policies : offering costs the company complies with the requirements of accounting standards codification ( `` the asc `` ) 340-10-s99-1 and sec staff accounting bulletin ( sab ) topic 5a `` expenses of offering `` . we incurred offering costs in connection with the public offering of $ 833,589 , primarily consisting of accounting and legal services , securities registration expenses and exchange listing fees . these costs , along with paid and deferred underwriting commissions totaling $ 17,050,000 , were charged to additional paid-in capital at the close date . redeemable ordinary shares the class a ordinary shares subject to possible redemption will be recorded at redemption value and classified as temporary equity in accordance with financial accounting standards board ( `` fasb `` ) accounting standards update ( `` asu `` ) 480 , distinguishing liabilities from equity . the

