Content analysis
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Coll. sophomore V bad
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New words:
maximum, notifying, predominantly
Removed:
decrease, SPAC
Financial report summary
?Management Discussion
- For the three months ended September 30, 2023, we had a net loss of approximately $1.7 million from approximately $1.5 million in general and administrative costs and changes in the value of derivative warrant liabilities of approximately $356,000, partially offset by interest in from the bank of $1,048 and approximately $63,000 investment income earned on cash and investments held in Trust Account.
- For the nine months ended September 30, 2023, we had a net loss of approximately $7.8 million from approximately $8 million in general and administrative costs and changes in the value of derivative warrant liabilities of approximately $1.8 million, partially offset by interest in from the bank of $1,330, approximately $1.6 million investment income earned on cash and investments held in Trust Account and reduction in deferred underwriter commissions of approximately $441,000. The increase in net loss is primarily due to increase in general and administrative costs related to the Merger Agreement.
- For the three months ended September 30, 2022, we had net income of approximately $1.2 million principally from the change in the value of derivative warrant liabilities of approximately $2.2 million, due to the unrealized gain on investments held in Trust Account. The unrealized gain on investments held in Trust Account was partially offset by the change in the value of derivative warrant liabilities of approximately $697,000 and approximately $294,000 in general and administrative costs.