Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll freshman V bad
|
New words:
abuse, avoidance, content, Department, depend, domestic, excise, hand, imposed, Inflation, IR, nature, PIPE, preliminary, publicly, reduction, repurchase, repurchased, repurchasing, Rule, smaller, Termination
Removed:
agent, approximate, Baack, Brad, Certification, chief, Codification, complex, Continental, dated, document, duly, exhibit, Feld, formatted, Furnished, hereunto, herewith, Inline, instance, Interactive, Jason, Jewel, June, Label, Lejeal, Linkbase, literature, Lynch, Margaret, Page, Porfido, registrant, remediation, Sara, Schema, sheet, Taxonomy, trustee, undersigned, XBRL
Financial report summary
?Management Discussion
- Our entire activity since inception up to September 30, 2022 was in preparation for our formation and the Initial Public Offering, and, subsequent to the Initial Public Offering, identifying a target company for a Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination at the earliest.
- For the three months ended September 30, 2022, we had net income of approximately $2.1 million, which consisted of approximately a $1.3 million non-operating gain resulting from the change in fair value of derivative warrant liabilities, approximately $1.3 million gain from investments held in the Trust Account partially offset by, approximately $264,000 in income tax expenses, approximately $86,000 in general and administrative expenses, $106,000 in general and administrative expenses-related party, and approximately $65,000 in franchise tax expense.
- For the three months ended September 30, 2021, we had net income of approximately $2.7 million, which consisted of approximately a $3.0 million non-operating gain resulting from the change in fair value of derivative warrant liabilities, a $26,000 non-operating gain resulting from the change in fair value of the working capital loan, and approximately $23,000 of income from investments held in the Trust Account, offset by approximately $294,000 in general and administrative expenses, $60,000 in general and administrative expenses-related party, and approximately $50,000 in franchise tax expense.