10-Q Filing

Target Hospitality Corp. CIK: 1712189 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-044073`
Period End Date	20180630
Filing Date	20180813
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	eagl-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 10 Cash Flow Statement 25 Stockholders Equity 14

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$639.82K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$122.43K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$762.25K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$242.09K	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	-	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$327.25M	USD	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$242.09K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$328.01M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$225.89K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$206.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$206.58K	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$11.38M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$225.89K	USD	Point-in-time
Total liabilities	`Liabilities`	$11.58M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,142,678 shares at approximately $10.00 per share at June 30, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,142,678 shares at approximately $10.00 per share at June 30, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$311.43M	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.14K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.09M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.81K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.91M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$16.19K	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$328.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$242.09K	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$176.47K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$326.73K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-326.73K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-176.47K	USD	1 Quarter
Other income - interest on Trust Account	`InvestmentIncomeInterest`	$2.25M	USD	2 Qtrs
Other income - interest on Trust Account	`InvestmentIncomeInterest`	$1.35M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	$2.25M	USD	2 Qtrs
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	$1.35M	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$122.43K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$202.78K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.39K	USD	2 Qtrs
Principal deposited in Trust Account	`PaymentsToInvestInDecommissioningFund`	$325.00M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-325.00M	USD	2 Qtrs
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	Point-in-time
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	2 Qtrs
Proceeds from sale of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$325.00M	USD	2 Qtrs
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	2 Qtrs
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	Point-in-time
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$613.79K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.89M	USD	2 Qtrs
Increase in cash during period	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$639.82K	USD	2 Qtrs
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$639.82K	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$639.82K	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$11.38M	USD	2 Qtrs
Class A ordinary shares subject to possible redemption	`StockIssued1`	$311.43M	USD	2 Qtrs
Deferred offering costs included in accounts payable and accrued expenses	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$222.09K	USD	2 Qtrs
Formation and offering costs paid by Sponsor in exchange for Founders Shares	`FormationAndOfferingCostsPaidBySponsor`	$-20.00K	USD	2 Qtrs

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Shares Issued, Price Per Share	`SharesIssuedPricePerShare`	$10.00	USD	Point-in-time
Private Placement Warrants Issued	`PrivatePlacementWarrantsIssued`	5.33M	shares	Point-in-time
Class of Warrant or Right, Exercise Price of Warrants or Rights	`ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1`	$1.50	USD	Point-in-time
Begining Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Begining Balances	`StockholdersEquity`	$16.19K	USD	Point-in-time
Sale of Units to the public on January 17, 2018 at $10.00 per unit	`StockIssuedDuringPeriodValueNewIssues`	$325.00M	USD	2 Qtrs
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.51M	USD	2 Qtrs
Sale of 5,333,334 Private Placement Warrants on January 17, 2018 at $1.50 per warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.00M	USD	2 Qtrs
Forfeiture of Class B shares by Initial Shareholders	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	2 Qtrs
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$311.43M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.92M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.17M	USD	1 Quarter
Ending Balances	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending Balances	`StockholdersEquity`	$16.19K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.