Content analysis
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Coll. sophomore Bad
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New words:
anniversary, composition, dollar, duration, EUR, granted, harbor, instruct, IPO, minimal, mitigate, regulation, safe, shell, smaller, SPAC, test, treatment
Removed:
capacity, complex, light, literature, remediation, Update
Financial report summary
?Management Discussion
- Our entire activity has been the preparation for our formation and Initial Public Offering, and since our Initial Public Offering, our activity has been limited to the search for a prospective 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 September 30, 2022, we had net loss of approximately $4.8 million, which consisted of approximately $3.2 million in change in fair value of derivative warrant liabilities, $2.3 million in general and administrative expenses, and $30,000 in administrative expenses-related party, partially offset by approximately $0.7 million in interest income from investments held in trust account.
- For the three months ended September 30, 2021, we had a net income of approximately $1.7 million, which consisted of approximately $2.1 million in change in fair value of derivative warrant liabilities, approximately $2,000 in interest income from investments held in trust account, offset by approximately $339,000 in general and administrative expenses, and $30,000 in administrative expenses-related party.