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Financial report summary
?Management Discussion
- For the year ended December 31, 2022, we had net income of $11,966,686, which included income from the change in fair value of the warrant liability of $8,846,817, and Interest earned on investments held in Trust Account of $3,913,657, partially offset by loss from operations of $793,791.
- For the period from January 27, 2021 (inception) through December 31, 2021, we had a net operating income of approximately $7.15 million, which included a gain from the change in fair value of the warrant liability of approximately $8.4 million and interest income on cash and investments held in Trust Account of $13,476 partially offset by loss from operations of $667,282 and offering cost expense allocated to warrants of $561,706.
- Our business activities from inception to December 31, 2022 consisted primarily of our formation and completing our initial public offering (“Initial Public Offering” or “IPO”), and since the offering, our activity has been limited to identifying and evaluating prospective acquisition targets for an initial business combination.