Risk Factors Update Summary
- The completion deadline for the initial business combination extended from June 7, 2023, to June 7, 2024.
- Identified material weaknesses in internal controls may impact financial reporting reliability and fraud risk.
- Cash in the operating bank account decreased from approximately $172 million to $314 million.
- The Trust Account balance decreased from approximately $28,744,831 to $10.7 million.
- Cash and marketable securities decreased from $244 million to $103 million.
- The market value of listed securities required for continued listing increased from $2,500,000 to $50,000,000.
- Working capital deficit increased from approximately $360,000 to $3,571,000.
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=1862463&owner=exclude
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