Risk Factors Update Summary
- The deadline for completing the initial business combination extended from January 19, 2023, to January 19, 2025.
- The sponsor's ownership of outstanding shares increased from 23.0% to 90%.
- The company may face increased competition in finding attractive targets due to the rise in special purpose acquisition companies.
- The company received a notification from Nasdaq regarding its common stock trading below the minimum requirement.
- The company's ability to redeem public shares was clarified, impacting net tangible assets and potential dilution.
- The company's available funds outside the trust account decreased significantly from approximately $2,067,013 to $320,000.
- The company's ability to complete multiple business combinations was highlighted, affecting its post-combination operations.
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=1894057&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.