Content analysis
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New words:
abuse, Charter, collectively, content, Department, depend, domestic, excise, hand, IR, iv, October, payment, PIPE, preliminary, reduction, Schedule, sooner, Termination
Removed:
complex, consult, enhance, enhanced, franchise, interpretation, light, personnel, remediation
Financial report summary
?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, 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 generate non-operating income in the form of interest income on marketable securities held in the Trust Account, located in the United States. We incur 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 $1,786,241, which consists of the change in fair value of warrant liabilities of $1,022,250 and interest earned on marketable securities held in the Trust Account of $1,299,948, offset by general and administrative expenses of $273,468 and provision for income tax of $262,489.
- For the nine months ended September 30, 2022, we had net income of $8,938,002, which consists of the change in fair value of warrant liabilities of $8,885,041 and interest earned on marketable securities held in the Trust Account of $1,731,763, offset by general and administrative expenses of $1,385,488 and provision for income tax of $293,314.