Risk Factors Update Summary
- Officers and/or members of the board of directors of another SPAC may present conflicts.
- Doubt exists about the company's ability to continue as a going concern with $224,394 cash.
- Sponsor now holds approximately 77% of outstanding shares post-redemptions, impacting voting power.
- Need 37.5% of public shares voted in favor for business combination approval.
- Potential impact of major public health crises on business combination and target business.
- Proposed SEC rules may affect the company's ability to negotiate and complete business combinations.
- Identified material weakness in internal controls over financial reporting, affecting accurate financial reporting.
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=1854480&owner=exclude
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