Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll freshman Bad
|
New words:
appeal, beginning, Bid, criteria, deficiency, delisted, delisting, dispersed, imminent, Issuer, July, lesser, Nasdaq, notification, panel, regain, Unregistered, withdrawn
Removed:
effected, expectation, forward, reclassified, reflecting
Financial report summary
?Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities through December 31, 2022 were organizational activities, those necessary to prepare for the IPO, described below, and, after our IPO, identifying a target company for an initial business combination. We do not expect to generate any operating revenues until after the completion of our initial business combination. We generate non-operating income in the form of interest income on marketable securities held in the trust account. 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 year ended December 31, 2022, we had a net income of $1,984,300, which consisted of a change in fair value of Convertible Note of $425,296, interest earned on marketable securities held in the trust account of $3,856,720 and dividend income of $2,868, offset by operating costs of $1,543,593 and income tax expense of $756,991.
- For the period from February 19, 2021 (inception) through December 31, 2021, we had net loss of $223,233, which consisted of operating costs of $255,131 and provision for income taxes of $19,287, offset by interest earned on marketable securities held in the trust account of $12,611.