Risk Factors Update Summary
- Failure to invest proceeds as outlined may lead to being subject to the Investment Company Act.
- The time to complete the initial business combination increased from 18 to 30 months.
- The company aims to avoid being classified as an "investment company" under the Investment Company Act.
- The number of remaining shares decreased from 501 to 478, a reduction of 23 shares.
- Compliance with laws and regulations, including SEC requirements, may be costly and time-consuming.
- The initial stockholders' ownership decreased from 20% to 20.0%.
- The private placement warrants increased from 11,500,000 to 12,000,000 warrants.
- The sponsor's ownership decreased from 5,750,000 to 5,500,000 founder shares.
- The potential redemption amount decreased from approximately $10.20 to $10.20 per share.
- The deadline extension for business combination completion increased from May 2, 2024, to November 2, 2024.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1852016&owner=exclude
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