Content analysis
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Coll. senior V bad
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New words:
abroad, adequate, anniversary, arise, Compliance, composition, constrain, costly, create, debt, decrease, demand, difficulty, downturn, duration, face, failure, falling, harbor, inflation, instruct, interpretation, interpreted, IPO, lead, leading, local, low, lower, minimal, mitigate, monitoring, mutual, profitability, regional, regulatory, safe, satisfactory, shell, suffer, superior, termination, test, therewith, treatment, unregistered, worldwide
Removed:
deem, immaterial, impair, light, presently
Financial report summary
?Management Discussion
- Our entire activity since inception up to September 30, 2022 was in preparation for our formation and the Initial Public Offering and since the Initial Public Offering, searching for a business combination target company. We will not be generating any operating revenues until the closing and completion of our initial Business Combination.
- For the three months ended September 30, 2022, we had net income of approximately $2.3 million, which consisted of approximately $1.0 million in non-operating gain resulting from the change in fair value of derivative liabilities, and approximately $1.7 million of income from investments held in trust account, offset by approximately $329,000 in general and administrative expenses, and $30,000 in general and administrative expenses - related party.
- For the three months ended September 30, 2021, we had net income of approximately $2.2 million, which consisted of approximately a $2.8 million in non-operating gain resulting from the change in fair value of derivative warrant liabilities and approximately $5,000 of income from investments held in trust account, offset by approximately $547,000 in general and administrative expenses, and $30,000 in general and administrative expenses - related party.