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New words:
abandon, allotted, anniversary, announce, announcing, burdensome, criteria, dollar, exclusively, greater, harbor, institute, instruct, Interactive, minimal, mitigate, Page, regulatory, safe, SPAC, test, thereunder, unregistered
Removed:
approximate, August, complex, context, deficiency, detected, effectively, expanded, increase, increasingly, interim, interpretation, IPO, misstatement, NaN, prevented, remediation, update
Financial report summary
?Management Discussion
- Our entire activity since inception up to December 31, 2021, was in preparation for our formation and the Initial Public Offering and 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 year ended December 31, 2021, we had net loss of approximately $1.0 million, which consisted of approximately $1.8 million general and administrative expenses and approximately $322,000 in loss from offering costs associated with derivative warrant liabilities, partially offset by approximately $1.1 million in income from change in fair value of derivative warrant liabilities and approximately $15,000 in income from investments held in Trust Account.