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assumed, consolidated
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offset
Financial report summary
?Management Discussion
- Our entire activity since inception up to September 30, 2020 relates to our formation, the Initial Public Offering and, since the closing of the Initial Public Offering, a search for a business combination candidate. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.
- For the three and nine months ended September 30, 2020, we had net loss of approximately $0.5 million and net income of approximately $0.8 million, respectively. For the three months ended September 30, 2020, this consisted of approximately $0.3 million in interest income, approximately $0.2 million in unrealized loss on marketable securities held in Trust Account and approximately $0.5 million in general and administrative expenses. For the nine months ended September 30, 2020, this consisted of approximately $2.2 million in interest income and approximately $1.3 million in general and administrative expenses.
- For the three months ended September 30, 2019 and for the period from April 24, 2019 (inception) through September 30, 2019, we had net income of approximately $0.7 million in both periods, respectively. For the three months ended September 30, 2019, this consisted of approximately $0.7 million in interest income, approximately $0.1 million in unrealized gain on marketable securities held in Trust Account and approximately $0.1 million in general and administrative expenses. For period from April 24, 2019 (inception) through September 30, 2019, this consisted of approximately $0.7 million in interest income, approximately $0.1 million in unrealized gain on marketable securities held in Trust Account and approximately $0.1 million in general and administrative expenses.