Quarterly report pursuant to Section 13 or 15(d)

Notes Payable

Notes Payable
6 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Notes payable

8. Notes Payable

On March 6, 2019, the Company issued four unsecured promissory notes in the aggregate principal amount of $1,437,500, representing $0.10 per public share. The funds have been deposited into the Trust Account as described in the prospectus filed by the Company in connection with the Company’s IPO. As a result, the period of time the Company has to consummate its previously announced business combination has been extended by three months to June 12, 2019. The promissory notes are recorded in “Notes Payable” on the condensed balance sheet as of March 31, 2019.

The promissory notes bear no interest and are repayable in full upon the consummation of the Company’s previously announced business combination.