Content analysis
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Legalese | ||
Litigous | ||
Readability |
H.S. senior Bad
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New words:
ongoing, smaller, unrecognizedtax, wereno
Removed:
misstatement, remediation
Financial report summary
?Risks
- 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 initial business combination.
- Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, investments and results of operations.
Management Discussion
- Our entire activity from inception up to September 30, 2022 was in preparation for our formation and the preparation of our Initial Public Offering, and since the closing of our Initial Public Offering, the search for a prospective initial 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 $1.5 million, which consisted of approximately $845,000 in change in fair value of derivative warrant liabilities, and approximately $819,000 in net gain from investments held in Trust Account, partially offset by approximately $211,000 in general and administrative expenses.
- For the three months ended September 30, 2021, we had net income of approximately $3.2 million, which consisted of approximately $3.8 million in change in fair value of derivative warrant liabilities, approximately $15,000 in net gain from investments held in Trust Account, partially offset by approximately $525,000 in general and administrative expenses.