Risk Factors Update Summary
- Instructed trustee to liquidate investments in Trust Account and hold funds in cash, totaling $86 million.
- Added disclosure regarding SPAC Rule Proposals, potentially leading to liquidation if compliance causes early liquidation, expiring warrants, and shareholder loss.
- Failure to timely file Annual Report may lead to delisting, affecting liquidity and trading price.
- Added potential inability to select an appropriate target due to lack of operating history.
- Non-compliance with NYSE regulations may result in over-the-counter market listing, impacting securities negatively.
- Added risks related to completing initial Business Combinations, including potential delays, increased costs, and negative impact on operations.
- Added disclosure on the impact of cyber incidents or attacks on financial loss and operational disruption.
- Added risks related to changes in laws or regulations affecting business operations and compliance costs.
- Added disclosure on potential adverse consequences of being classified as a Passive Foreign Investment Company (PFIC) on U.S. investors.
- Added risks related to potential restrictions and compliance requirements if deemed an investment company under the Investment Company Act.
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=1852736&owner=exclude
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