What changed in this filing

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Item 4. Controls and Procedures

2022-11-07 compared with 2022-08-12 · 26 added, 25 removed, 25 unchanged (67% of the section changed)

3 unchanged sentences

of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness

of our disclosure controls and procedures as of the end of the fiscal quarter ended June 30, 2022, as such term is defined in Rules 13a-15(e)

and 15d-15(e) under the Exchange Act.

Based on this evaluation, our principal executive officer and principal financial officer has concluded

that during the period covered by this report, our disclosure controls and procedures were not effective as of June 30, 2022, because

of a material weakness in our internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies,

in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s

annual or interim financial statements will not be prevented or detected on a timely basis.

Specifically, the Company’s management

has concluded that our control around the interpretation and accounting for certain complex financial instruments was not effectively

designed or maintained.

This material weakness resulted in the restatement of the Company’s balance sheet as of March 23, 2021 and

its interim financial statements for the quarters ended March 31, 2021 and June 30, 2021.

Additionally, this material weakness could result

in a misstatement of the warrant liability, Class A ordinary shares and related accounts and disclosures that would result in a material

misstatement of the financial statements that would not be prevented or detected on a timely basis.

of our disclosure controls and procedures as of the end of the fiscal quarter ended September 30, 2022, as such term is defined in Rules

13a-15(e) and 15d-15(e) under the Exchange Act.

Based on this evaluation, our principal executive officer and principal financial officer

has concluded that during the period covered by this report, our disclosure controls and procedures were not effective as of September

30, 2022, because of a material weakness in our internal control over financial reporting.

A material weakness is a deficiency, or a

combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material

misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Specifically,

the Company’s management has concluded that our control around the interpretation and accounting for certain complex financial

instruments was not effectively designed or maintained.

This material weakness resulted in the restatement of the Company’s balance

sheet as of March 23, 2021 and its interim financial statements for the quarters ended March 31, 2021 and June 30, 2021.

Additionally,

this material weakness could result in a misstatement of the warrant liability, Class A ordinary shares and related accounts and disclosures

that would result in a material misstatement of the financial statements that would not be prevented or detected on a timely basis.

Disclosure controls and procedures are designed

16 unchanged sentences

There was no change in our internal control over

financial reporting that occurred during the fiscal quarter ended June 30, 2022 covered by this Quarterly Report on Form 10-Q that has

materially affected, or is reasonably likely to materially affect, our internal control over financial reporting except for the below:

financial reporting that occurred during the fiscal quarter ended September 30, 2022 covered by this Quarterly Report on Form 10-Q that

has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting except for the below:

Our principal executive officer and principal

financial officer performed additional accounting and financial analyses and other post-closing procedures including consulting with subject

matter experts related to the accounting for certain complex financial instruments.

The Company’s management has expended, and will

continue to expend, a substantial amount of effort and resources for the remediation and improvement of our internal control over financial

While we have processes to properly identify and evaluate the appropriate accounting technical pronouncements and other literature

for all significant or unusual transactions, we have expanded and will continue to improve these processes to ensure that the nuances

of such transactions are effectively evaluated in the context of the increasingly complex accounting standards.

financial officer performed additional accounting and financial analyses and other post-closing procedures including consulting with

subject matter experts related to the accounting for certain complex financial instruments.

The Company’s management has expended,

and will continue to expend, a substantial amount of effort and resources for the remediation and improvement of our internal control

over financial reporting.

While we have processes to properly identify and evaluate the appropriate accounting technical pronouncements

and other literature for all significant or unusual transactions, we have expanded and will continue to improve these processes to ensure

that the nuances of such transactions are effectively evaluated in the context of the increasingly complex accounting standards.

PART II - OTHER INFORMATION

1 unchanged sentence

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 4. Controls and Procedures