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Financial report summary
?Management Discussion
- Our entire activity since inception up to June 30, 2021 was in preparation for our formation and the Initial Public Offering. We will not be generating any operating revenues until the closing and completion of our Business Combination.
- For the three months ended June 30, 2021, we had a net loss of approximately $26.4 million, which consisted of approximately $21.2 million loss from change in fair value of warrant liabilities, approximately $5.1 million in general and administrative expenses (including $4.8 million related to due diligence), approximately $30,000 in general and administrative expenses for costs incurred with our Sponsor, approximately $36,000 of franchise tax expense, partially offset by an approximately $7,000 gain on investment (net), dividends and interest held in Trust Account,
- For the six months ended June 30, 2021, we had a net loss of approximately $7.4 million, which consisted of approximately $9.0 million in general and administrative expenses (including $8.4 million related to due diligence), approximately $60,000 in general and administrative expenses for costs incurred with our Sponsor, approximately $85,000 of franchise tax expense, approximately $20,000 of income tax expenses, partially offset by approximately $1.7 million gain from change in fair value of warrant liabilities and an approximately $100,000 gain on investment (net), dividends and interest held in Trust Account,