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New words:
clarify, environment, foundation, importance, introduce, personnel, Remeasurement, research, tone, understand
Removed:
Chief, deducting, expanded, final, improve, performed, planned, principally, remain, restatement, Specifically
Financial report summary
?Management Discussion
- Our entire activity since inception through November 19, 2020, was in preparation for an Initial Public Offering, and since our Initial Public Offering, our activity has been limited to the search for a prospective initial Business Combination. We will not generate any operating revenues until the closing and completion of our initial Business Combination.
- For the three months ended June 30, 2022, we had net income of approximately $2.2 million, which consisted of approximately $2.1 million in change in the fair value of derivative warrant liabilities and approximately $313,000 of income on investments held in the Trust Account, offset by approximately $151,000 of general and administrative expenses and approximately $50,000 of franchise tax expense.
- For the three months ended June 30, 2021, we had a net income of approximately $2.1 million, which consisted of approximately $2.8 million in change in the fair value of derivative warrant liabilities and approximately $5,000 of income on investments held in the Trust Account offset by approximately $596,000 of general and administrative expenses and approximately $50,000 of franchise tax expense.