Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. senior Avg
|
Financial report summary
?Management Discussion
- Our only activities from January 20, 2021 (inception) through December 31, 2023 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and identifying a target company for a Business Combination. We do not expect to generate any operating revenues until after the completion of our Business Combination. We generate non-operating income in the form of interest income on marketable securities held in the Trust Account. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
- For the year ended December 31, 2023, we had a net loss of $862,919, which consists of operating costs of $8,349,476, change in fair value of convertible promissory note – related party of $599,222 and interest expense - convertible promissory note of $70,918 offset by interest earned on marketable securities held in the Trust Account of $8,156,697.
- For the year ended December 31, 2022, we had a net income of $1,890,290, which consists of interest earned on marketable securities held in the Trust Account of $3,399,736 offset by operating costs of $1,509,446.