Content analysis
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Coll. junior V bad
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New words:
instrument
Removed:
approximate, Depository, matter, represented, sheet
Financial report summary
?Management Discussion
- Our entire activity from September 8, 2020 (inception) through June 30, 2022, 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 $9.3 million, which consisted of approximately $9.4 million in change of fair value of derivative warrant liabilities and approximately $291,000 of gain on investments held in a Trust Account, partially offset by approximately $333,000 of general and administrative expenses, approximately $50,000 of franchise tax expense, and approximately $51,000 of income tax expense.
- For the three months ended June 30, 2021, we had net income of approximately $24.4 million, which consisted of approximately $25.7 million in change of fair value of derivative warrant liabilities, approximately $8,000 in income tax benefit, and approximately $11,000 of gain on investments held in a Trust Account, partially offset approximately $1.2 million of general and administrative expenses, and approximately $50,000 of franchise tax expense.