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New words:
absent, accelerate, adjournment, advance, appealing, Biden, calendar, charter, Continental, decrease, Department, Eastern, excise, extension, forfeit, free, Friday, Inflation, IPO, lack, mail, Nasdaq, November, October, President, request, requested, thereof, trustee, upcoming, virtual, withdrew, York
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Financial report summary
?Risks
- Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our Business Combination and results of operations.
- If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our Business Combination.
Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities from August 25, 2020 (inception) through September 30, 2022 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account and changes in fair value of the warrant liabilities. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.