Risk Factors Update Summary
- Cash held outside of the trust account decreased significantly from $339 million to $56 million.
- The timeframe to complete the initial business combination extended from 18 to 30 months.
- The company's ability to negotiate and complete the initial business combination may be materially affected.
- The company's stockholders may be held liable if the initial business combination is not completed within 30 months.
- The company's internal control over financial reporting identified material weaknesses related to expenses and trust assets.
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=1837929&owner=exclude
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