Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
Coll. sophomore Bad
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New words:
Regulation, smaller, standardsused
Financial report summary
?Management Discussion
- We have neither engaged in any operations nor generated any revenues to date. Our only activities since inception have been organizational activities, those necessary to prepare for our Initial Public Offering and identifying a target company for our initial Business Combination. We do not expect to generate any operating revenues until after completion of our initial Business Combination. We generate non-operating income in the form of interest income on cash and cash equivalents 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 three months ended September 30, 2022, we had a net income of $1,189,866. We recorded a gain on the change in fair value of warrants of $703,333, interest income of $902,784 and a change in fair value of working capital loan—related party of $7,000, offset by formation and operating costs of $382,123, consisting mostly of general and administrative expenses, and stock compensation of $41,128.
- For the nine months ended September 30, 2022, we had a net income of $4,145,943. We recorded a gain on the change in fair value of warrants of $5,060,000, interest income of $1,192,929 and a change in fair value of working capital loan—related party of $14,000, offset by formation and operating costs of $1,634,485, consisting mostly of general and administrative expenses, and stock compensation of $486,501.