Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll. senior V bad
|
Financial report summary
?Management Discussion
- Our entire activity from inception up to September 11, 2020 was related to our formation and the IPO. Since the IPO, our activity has been limited to the evaluation of business combination candidates, and we will not be generating any operating revenues until the closing and completion of our initial business combination. We expect to generate small amounts of non-operating income in the form of interest income on cash and investments. 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. We expect our expenses to increase substantially after this period.
- For the three months ended June 30, 2021, we had a net income of $1,664,466 which was comprised of operating costs of $287,860, interest income of $2,794 from marketable securities held in our Trust Account, interest income of $28 from our bank account, and unrealized gain on change in fair value of warrants of $1,949,504.