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New words:
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add, annually, ASU, August, billion, Bloom, borrowing, Bright, Cancelled, Chairman, classify, combined, common, concurrent, consecutive, consideration, contemplated, continuing, converted, corporation, Dissenting, duly, entered, enterprise, Financing, frequency, fulfillment, governing, guidance, hereinafter, list, maximize, merge, minimize, Nasdaq, nonassessable, obtained, occurred, ongoing, participation, PIPE, pricing, Redomicile, removing, restructure, scope, settlement, subscribe, subscription, Subtopic, supplemented, surviving, validly, wholly
Financial report summary
?Management Discussion
- Our entire activity since inception up to March 31, 2022 relates to our formation, the Initial Public Offering and, since the closing of the Initial Public Offering, a search for and efforts toward completing an initial Business Combination. We will not be generating any operating revenues until the closing and completion of our initial Business Combination, at the earliest.
- For the three months ended March 31, 2022, we had net income of approximately $2.1 million, which consisted of an $2.6 million gain from changes in fair value of warrant liabilities and approximately $2,000 in interest earned from investments held in the Trust Account, partially offset by approximately $478,000 general and administrative expenses and $30,000 of related party administrative fees.
- For the three months ended March 31, 2021, we had net income of approximately $12.5 million, which consisted of an approximately $13.1 million gain from changes in fair value of warrant liabilities and approximately $3,000 in interest earned from investments held in the Trust Account, partially offset by approximately $589,000 in general and administrative expenses and $20,000 of related party administrative fees.