Risk Factors Update Summary
- Adoption of 2024 SPAC Rules on July 1, 2024, will impact initial Business Combination disclosures.
- Public shareholders' investment per Class A ordinary share decreased from $8.06 to $7.17.
- Compliance with 2024 SPAC Rules may increase costs and time for completing business combinations.
- The number of Class A ordinary shares decreased from 37,412,182 to 23,229,500 shares.
- Additional disclosures required under 2024 SPAC Rules may constrain completion circumstances.
- The total funds at the Business Combination decreased from $301,166,493 to $243,000,906.76.
- The number of public shareholders required for listing increased from 300 to 400 shareholders.
- The interest rate on the deposit account decreased from approximately 4.5% to 5.25% per annum.
- The potential liability of certain participants in proposed business combination transactions increased.
- The potential market value of unrestricted publicly held shares increased from $300 to $20 million.
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.
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