Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
Coll. sophomore V bad
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New words:
acknowledge, add, allocated, backstop, capable, clause, commercially, concurrently, conflict, consent, Craig, delete, entry, escrow, Gould, Israel, LCC, owed, partially, PPD, reissuance, rendered, replacing, SAP, subscription, supplementing, VWAP, writing
Removed:
bearing, country, economy, instituted, operation, organizational, world
Financial report summary
?Management Discussion
- For the three months ended September 30, 2023, we incurred a loss from operations of $722,094. In addition to the loss from operations, we realized other income of $156,823 consisting of interest income of $57,389 from the Trust and operating bank accounts and a $151,846 gain from a decrease in the fair value of the Company’s warrant liability partially offset by a loss on the change in fair value of the convertible promissory note of $52,412.
- For the nine months ended September 30, 2023, we incurred a loss from operations of $1,952,127. In addition to the loss from operations, we realized other income of $558,283 consisting of interest income of $161,026 from the Trust and operating bank accounts and a $455,537 gain from a decrease in the fair value of the Company’s warrant liability, partially offset by a loss on the change in fair value of the convertible promissory note of $58,280. For the three and nine months ended September 30, 2023, our efforts have been limited to activities relating to consummating the proposed Business Combination and activities relating to general corporate matters. We have not generated any income, other than interest income earned on the proceeds held in the Trust and operating bank accounts. Additionally, we recognize non-cash gains and losses within other income (expense) related to changes in recurring fair value measurement of our warrant liabilities and convertible promissory note at each reporting period.
- For the three months ended September 30, 2022, we incurred a loss from operations of $736,011. Net income for the Company of $229,989 included the changes in fair value of warrant liability of $759,227, changes in fair value of convertible promissory note of $140,888 and interest income from the Trust Account of $67,094, offset by loss from operations and tax expense of $1,209.