Item 1B. Unresolved Staff Comments
ITEM
1B. UNRESOLVED STAFF COMMENTS.
None.
ITEM
1C. CYBERSECURITY
We
maintain a risk management program designed to identify, assess and manage cybersecurity risks, including risks associated with third-party
service providers and technology platforms we rely upon. Our cybersecurity risk management processes are considered as part of our broader
risk management and financial reporting processes, as applicable to our current operating profile. Management and the Board of Directors
provide oversight of cybersecurity risk management. As of the date of this report, we have not identified any cybersecurity incidents
that have materially affected, or are reasonably likely to materially affect, the Company, including our business strategy, results of
operations, or financial condition.
We
recognize the importance of assessing, identifying, and managing material risks associated with cybersecurity threats. These risks include,
among other things: operational risks, unauthorized access to systems or information, intellectual property theft, fraud and extortion.
As we are a developing company, we currently do not have any employees and we operate with a limited internal information technology
footprint. Accordingly, our cybersecurity risk management efforts currently focus primarily on safeguarding access to key business systems
and information, managing third-party and vendor-related cybersecurity risks, and maintaining policies and procedures that we expect
to formalize and expand as our operations grow. In anticipation of growth, we are formulating a cybersecurity program built on operations
and compliance foundations. Operations focus on detection, prevention, measurement, analysis, and response to cybersecurity alerts and
incidents and on emerging threats. Compliance establishes oversight of our cybersecurity program by creating risk-based controls designed
to protect the integrity , confidentiality, accessibility, and availability of company data stored, processed, or transferred.
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Our
corporate cybersecurity program is being designed with the assistance of our IT consultant, who is responsible for supporting our information
security strategy, policy development, and incident preparedness, including cybersecurity threat detection and response planning. Our
consultant has information technology and program management experience. Our IT consultant reports to our Chief Executive Officer.
Our
cybersecurity risk management program is intended to:
●
Help
identify material cybersecurity risks to our critical systems, information, products, services, and our broader enterprise IT environment;
●
Manage
our (1) cybersecurity risk assessment processes, (2) our security controls, and (3) our response to cybersecurity incidents ;
●
Utilize
external service providers , where appropriate, to assess, test or otherwise assist with aspects of our security controls;
●
Create cybersecurity awareness training of our future employees, incident response personnel, and senior management;
●
Formulate a cybersecurity incident response plan that includes procedures for responding to cybersecurity incidents.
Our
Board considers cybersecurity risk as part of its risk oversight function and has delegated to the Audit Committee oversight of cybersecurity
and other information technology risks. The Audit Committee oversees management’s implementation of our cybersecurity risk management
program and may receive periodic updates from management regarding cybersecurity risks and preparedness .
ITEM
2. PROPERTIES
The
Company maintains virtual offices in New York, New York, Raleigh, North Carolina, and Los Angeles, California. We believe our office
arrangements are adequate for our current operations.