Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. senior V bad
|
New words:
apublicly, arrangement, ation, Chase, conflict, director, FDIC, geopolitical, instability, JPMorgan, July, likelihood, lingering, magnitude, million, mitigat, nnot, ofJune, predict, small, terminated, Ukraine, vendor, weca
Removed:
determinable, interpretation, outcome, pending, readily, regulatory
Financial report summary
?Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities through June 30, 2023 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target for our Business Combination. We do not expect to generate any operating revenues until after the completion of our 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 June 30, 2023, we had net income of $981,398, which consists of a interest earned on marketable securities held in the Trust Account of $1,812,894 and change in the fair value of warrant liabilities of $235,000, offset by provision for income taxes of $463,211 and operating costs of $603,285.
- For the six months ended June 30, 2023, we had net loss of $2,020,420, which consists of a change in the fair value of warrant liabilities of $2,350,000, provision for income taxes of $858,066 and operating costs of $2,177,201, offset by interest earned on marketable securities held in the Trust Account of $3,364,847.