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New words:
figure, IR, monitor, repaid
Removed:
determination, file, grant
Financial report summary
?Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities from inception through September 30, 2023 were organizational activities and those necessary to prepare for our initial public offering and identifying a target 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 three months ended September 30, 2023, we had a net loss of $443,146, which consisted of interest earned on marketable securities held in the trust account of $393,358 offset by general and administrative expenses of $678,504, franchise tax expense of $50,000, and provision for income taxes of $108,000.
- For the three months ended September 30, 2022, we had a net loss of $13,478, which consisted of general and administrative expenses of $6,978 and franchise tax expense of $6,500.