Risk Factors Update Summary
- The company extended the Business Combination deadline to September 28, 2024, adding up to 9 months.
- The company exercised all six one-month extensions by depositing $100,000 monthly into the Trust Account.
- The company may not proceed with redemption if it causes net tangible assets to be less than $5,000,001.
- The number of outstanding Class A Common Stock increased from 4,308,027 to 4,819,649 shares.
- The Initial Stockholders' ownership increased from 40% to 49.04% of outstanding common stock.
- The total amount in the Trust Account decreased from $43,015,718 to $29,266,430.
- The company may not hold an annual meeting of stockholders if it fails to complete the Business Combination.
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=1847607&owner=exclude
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