Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll. sophomore Bad
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New words:
aeronautical, broadcast, carrier, culture, deny, Department, extremely, forward, heritage, implicated, Justice, licensee, low, percentage, power, radio, station
Removed:
deficiency, detected, effectively, expanded, increasingly, interpretation, maintained, misstatement, prevented, remediation, Specifically
Financial report summary
?Management Discussion
- Our entire activity from August 26, 2020 (inception) through January 6, 2021, was in preparation for an initial public offering, and since the consummation of our initial public offering on January 6, 2021 through September 30, 2022, our activity has been limited to the search for a prospective initial business combination. We will not generate any operating revenues until the closing and completion of our initial business combination, at the earliest.
- For the three months ended September 30, 2022, we had net income of approximately $1.5 million, which consisted of approximately $1.2 million in interest income from investments held in trust account, and approximately $518,000 in change in fair value of Working Capital Loan - related party, partially offset by approximately $260,000 of general and administrative expenses inclusive of administrative expenses with related party of $60,000 and approximately $23,000 of interest expense on the Working Capital Loan - related party.
- For the three months ended September 30, 2021, we had net income of approximately $3.5 million, which consisted of $4.4 million in change in fair value of derivative warrant liabilities, and approximately $4,000 in interest income from investments held in trust account, partially offset by approximately $865,000 of general and administrative expenses inclusive of administrative expenses with related party.