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New words:
addressing, ant, back, BCA, comment, Compan, Companydrew, consolidatedfi, deepen, dited, entirety, experience, implement, implemented, inability, JP, July, nancial, persist, piggy, preliminary, scheduled, SPAC, unau, warr, worsening
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method, pandemic
Financial report summary
?Management Discussion
- Our entire activity from inception to JuneĀ 30, 2023 was in preparation for our formation and the Initial Public Offering, and since the Initial Public Offering, our search for a prospective target for our Business Combination. We will not generate any operating revenues until after completion of our Business Combination, at the earliest. We may generate non-operating income in the form of interest income on cash and cash equivalents. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. Since the date of the public offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.