Risk Factors Update Summary
- The reporting date for the initial business combination was extended to December 31, 2024.
- The company may issue additional Class A ordinary shares, increasing from 4,485,927 to 4,927,561.
- The company received a notification from Nasdaq regarding the minimum public holders requirement.
- The company's ability to continue as a "going concern" is in doubt due to adverse financial trends.
- The company's disclosure controls and procedures were found to have a material weakness.
- The company's warrants are accounted for as liabilities, which could result in material gains or losses.
- The company may be classified as a "controlled company" by Nasdaq due to voting power structure.
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=1847513&owner=exclude
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