Content analysis
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H.S. senior Bad
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New words:
facilitating, lead, notional, partner, publicly, Rule
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 initial Business Combination, and results of operations.
Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities 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 incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for expenses in connection with searching for a prospective initial Business Combination.
- For the three months ended September 30, 2022, we had a net loss of $83,318, which consists of operating costs of $259,796, interest expense related to the amortization of the debt discount of $403,363, and a gain on the change in the fair value of the warrant liability of $579,841.
- For the nine months ended September 30, 2022, we had a net income of $4,268,194, which consists of operating costs of $992,964, and interest expense related to the amortization of the debt discount of $1,196,934, offset by a gain on the change in the fair value of the warrant liability of $6,458,092.