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accomplished, behalf, deficiency, enhancing, franchise, identification, inadequate, inadvertently, light, misstatement, overpaid, owed, pending, properly, remediate, remediation
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Financial report summary
?Management Discussion
- Our only activities from July 23, 2020 (inception) through June 30, 2023 were organizational activities, those necessary to consummate 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 are incurring 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 June 30, 2023, we had net loss of $151,489, which consisted of operating costs of $365,605 and provision for income taxes of $44,275, partially offset by interest income on marketable securities held in the trust account of $258,391.
- For the three months ended June 30, 2022, we had net loss of $188,866, which consisted of operating costs of $342,832 and provision for income taxes of $2,879, offset by interest income on marketable securities held in the trust account of $156,845.