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New words:
approximately, Art, Ascense, Clausen, contemplated, Drogue, duly, employ, gain, hereof, Incentive, Pedreiro, penny, Plan, quorum, Sergio, serve, Tom, Tse
Financial report summary
?Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities for the three months ended September 30, 2022, were organizational activities and those necessary to prepare for the initial public offering, described below. We do not expect to generate any operating revenues until after the completion of our business combination. We expect to generate non-operating income in the form of interest income on marketable securities held after the initial public offering. 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 a net loss of $78,402, which consists of operating costs of $1,286,030, realized and unrealized gain from marketable securities held in the Trust Account of $594,522, interest expense of $20,971, and offset by change in fair value of warrant liability of $634,077.
- For the three months ended September 30, 2021, we had a net income of $5,140,218, which consists of operating costs of $130,145, and offset by interest income on marketable securities held in the Trust Account of $10,541 and change in fair value of warrant liability of $5,259,822.