Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll freshman Bad
|
New words:
drawdown, ispresently, Rule, smaller
Removed:
drawn
Financial report summary
?Management Discussion
- Our entire activity since inception up to January 12, 2021 was in preparation for our formation and the 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 be generating any operating revenues until the closing and completion of our initial Business Combination. We generate non-operating income in the form of investment income from our investments held in the Trust Account. We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
- For the three months ended September 30, 2022, we had net income of approximately $4.0 million, which consisted of a net gain from change in fair value of derivative liabilities of approximately $1.4 million, change in fair value of derivative assets of approximately $131,000, change in fair value of working capital loan of approximately $119,000 and income from investments held in the Trust Account of approximately $2.7 million, partially offset by general and administrative expenses of approximately $408,000, general and administrative expenses to related party of $30,000.
- For the three months ended September 30, 2021, we had net income of approximately $14.9 million, which consisted of change in fair value of derivative liabilities of approximately $14.3 million, change in fair value of working capital loan of approximately $974,000 and income from investments held in the Trust Account of approximately $9,000, partially offset by general and administrative expenses of approximately $416,000 and general and administrative expenses to related party of $30,000.