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Financial report summary
?Management Discussion
- All activity up to March 31, 2020 was in preparation for our formation, the Initial Public Offering and, since the closing of our Initial Public Offering, a search for business combination candidates. We will not be generating any operating revenues until the closing and completion of our Business Combination.
- For the three months ended March 31, 2020, we had net loss of approximately $3.3 million, which consisted of approximately $857,000 in investment income, offset by approximately $4.1 million in general and administrative costs, including approximately $3.7 million of merger expenses.
- For the three months ended March 31, 2019, we had net income of approximately $719,000, which consisted of approximately $872,000 in investment income, offset by approximately $153,000 in general and administrative costs.