Content analysis
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New words:
assistance, identification
Removed:
approximate, complex, consult, literature, remediation
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.
- 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.
Management Discussion
- Our entire activity since inception up to September 30, 2022 was in preparation for our formation and our initial public offering, and, subsequent to our 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.
- For the three months ended September 30, 2022, we had net income of approximately $1.4 million, which is largely due to a non-cash gain resulting from changes in fair value of warrant liabilities of approximately $660,000 and a gain from investments held in the Trust Account of approximately $1.0 million, offset by operating expenses of approximately $215,000. Operating expenses consisted of approximately $170,000 in general and administrative expenses, and approximately $45,000 in general and administrative expenses with related parties.
- For the three months ended September 30, 2021, we had net income of approximately $2.2 million, which is largely due to a non-cash gain resulting from changes in fair value of warrant liabilities of approximately $2.5 million, partially offset by operating expenses of approximately $274,000. Operating expenses consisted of approximately $229,000 in general and administrative expenses, and approximately $45,000 in general and administrative expenses with related parties.