10-Q Filing

Target Hospitality Corp. CIK: 1712189 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144204-18-057328`
Period End Date	20180930
Filing Date	20181105
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	eagl-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 17 Cash Flow Statement 49 Stockholders Equity 16

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$476.55K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	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
Prepaid expenses	`PrepaidExpenseCurrent`	$97.97K	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`	$574.53K	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`	-	USD	Point-in-time
Deferred offering costs	`DeferredOfferingCosts`	$242.09K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$328.85M	USD	Point-in-time
Cash and investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Total assets	`Assets`	$329.43M	USD	Point-in-time
Total assets	`Assets`	$242.09K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$225.89K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$167.77K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$225.89K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$167.77K	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`	$11.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$225.89K	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,288,226 shares at approximately $10.00 per share at September 30, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	$312.88M	USD	Point-in-time
Class A ordinary shares subject to possible redemption; 31,288,226 shares at approximately $10.00 per share at September 30, 2018	`TemporaryEquityCarryingAmountAttributableToParent`	-	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`	$1.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.14K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-8.81K	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$3.37M	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`	$242.09K	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$329.43M	USD	Point-in-time

Income Statement 17 line items

Line Item	Tag	Value	Unit	Period
Number of Ordinary Shares Subject to Surrender	`NumberOfOrdinarySharesSubjectToSurrender`	500,000.00	shares	Point-in-time
Number of Shares Retroactively Restated to Reflect Surrender	`NumberOfSharesRetroactivelyRestatedToReflectSurrender`	2.88M	shares	Annual
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$5.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$299.18K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$475.64K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-299.18K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-475.64K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-5.00K	USD	1 Quarter
Other income - interest on Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Other income - interest on Trust Account	`InvestmentIncomeInterest`	$2.50M	USD	1 Quarter
Other income - interest on Trust Account	`InvestmentIncomeInterest`	$3.85M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.37M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.00K	USD	1 Quarter

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$3.37M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-5.00K	USD	1 Quarter
Formation expense paid by sponsor	`FormationExpensePaidBySponsor`	$5.00K	USD	1 Quarter
Formation expense paid by sponsor	`FormationExpensePaidBySponsor`	-	USD	3 Qtrs
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	$2.50M	USD	1 Quarter
Trust income reinvested in Trust Account	`InvestmentIncomeInterest`	$3.85M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$97.97K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$163.96K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-409.65K	USD	3 Qtrs
Principal deposited in Trust Account	`PaymentsToInvestInDecommissioningFund`	$325.00M	USD	3 Qtrs
Principal deposited in Trust Account	`PaymentsToInvestInDecommissioningFund`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-325.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	1 Quarter
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	Point-in-time
Proceeds from private placement of warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	3 Qtrs
Proceeds from sale of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from sale of Class A ordinary shares	`ProceedsFromIssuanceOfCommonStock`	$325.00M	USD	3 Qtrs
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	-	USD	1 Quarter
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	Point-in-time
Payment of underwriters' discount	`PaymentOfUnderwritersDiscount`	$6.50M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	1 Quarter
Payment of offering costs	`PaymentsOfStockIssuanceCosts`	$613.79K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$325.89M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	1 Quarter
Net change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$476.55K	USD	3 Qtrs
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$476.55K	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$476.55K	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$11.38M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$11.38M	USD	3 Qtrs
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	-	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	-	USD	1 Quarter
Class A ordinary shares subject to possible redemption	`StockIssued1`	$312.88M	USD	3 Qtrs
Deferred offering costs charged to additional paid-in-capital upon completion of the Public Offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	1 Quarter
Deferred offering costs charged to additional paid-in-capital upon completion of the Public Offering	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$242.09K	USD	3 Qtrs
Formation and offering costs paid by sponsor in exchange for founder shares	`FormationAndOfferingCostsPaidBySponsor`	$-20.00K	USD	1 Quarter
Formation and offering costs paid by sponsor in exchange for founder shares	`FormationAndOfferingCostsPaidBySponsor`	-	USD	3 Qtrs

Stockholders Equity 16 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	3 Qtrs
Underwriters' discount and offering expenses	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$18.51M	USD	3 Qtrs
Sale of 5,333,334 Private Placement Warrants on January 17, 2018 at $1.50 per warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.00M	USD	Point-in-time
Sale of 5,333,334 Private Placement Warrants on January 17, 2018 at $1.50 per warrant	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$8.00M	USD	3 Qtrs
Forfeiture of Class B shares by Initial Shareholders	`StockRepurchasedAndRetiredDuringPeriodValue`	-	USD	3 Qtrs
Class A ordinary shares subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$312.88M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-5.00K	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.