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Coll. sophomore V bad
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New words:
announced, announcing, inability, July, lawfully, quotient
Removed:
evaluated, occurred
Financial report summary
?Management Discussion
- Our entire activity since inception through June 30, 2023 related to our formation, the preparation for the Initial Public Offering, and since the closing of the Initial Public Offering, the search for a prospective initial Business Combination. We have neither engaged in any operations nor generated any revenues to date. We will not generate any operating revenues until after completion of our initial Business Combination.
- For the three months ended June 30, 2023, we had net income of $2,269,375, which consisted of $4,196,902 of income from interest in operating account and marketable securities held in Trust Account and $946,400 of non-operating gain resulting from the change in fair value of warrant liability, offset by $1,772,895 in general and administrative costs and $1,051,032 in income tax expense.
- For the three months ended June 30, 2022, we had net income of $1,933,459, which consisted of $274,098 of income from interest in operating account and marketable securities held in Trust Account and $1,892,800 of non-operating gain resulting from the change in fair value of warrant liability, offset by $165,146 in general and administrative costs and $ 18,293 in income tax expense.