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New words:
accretion, approach, assist, assumption, book, charter, deficit, denominator, drawn, exhibit, interpretation, knowledge, maximum, misapplication, misstatement, numerator, paragraph, permanent, pertained, recast, reclassification, reconciliation, submitted, supporting
Removed:
attributable, computed, exist, lease, meet, noncash, reconcile, Supplemental, withdrawn
Financial report summary
?Management Discussion
- Our entire activity since inception up to September 30, 2021 related to our formation, the preparation for the Initial Public Offering, and since the closing of the Initial Public Offering, the search for a prospective initial Business Combination. We will not generate any operating revenues until after the completion of our initial Business Combination. We generate non-operating income in the form of investment income from the Trust Account. We will continue to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
- For the three months ended September 30, 2021, we had net income of approximately $3.0 million, which consisted of a gain of approximately $4.6 million from changes in the fair value of derivative warrant liabilities and approximately $5,000 in investment income from the Trust Account, partially offset by approximately $1.6 million in general and administrative expenses and approximately $1,000 from changes in the fair value of the working capital loan.
- For the three months ended September 30, 2020, we had a net loss of approximately $121,000, which consisted of general and administrative expenses of approximately $126,000, partially offset by investment income from the Trust Account of approximately $5,000.