Quantitative and Qualitative Disclosures About Market Risk
−Removed: As of September 30, 2021, we were not subject to any market or interest rate risk.
−Removed: Following the consummation of the Initial Public Offering, the net proceeds of the Initial Public Offering, including amounts in the Trust Account, have been invested in United States government treasury bills with a maturity of 185 days or less or in money market funds investing solely in U.S.
−Removed: Treasuries and meeting certain conditions under Rule 2a-7
−Removed: under the Investment Company Act of 1940, as amended.
−Removed: Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.
+Added: We are exposed to a variety of market and other risks, including the effects of changes in interest rates, and inflation, as well as risks to the availability of funding sources, hazard events, and specific asset risks.
+Added: Interest Rate Risk
+Added: Our results of operations are directly exposed to changes in interest rates, among other macroeconomic conditions.
+Added: Interest rate risk is highly sensitive to many factors, including governmental monetary and tax policies, domestic and international economic and political considerations, and other factors beyond our control.
+Added: We do not believe that an increase or decrease in interest rates of 100-basis points would have a material effect on our business, financial condition or results of operations.
+Added: Inflation Risk
+Added: We do not believe that inflation has had a material effect on our business, financial condition or results of operations, other than its impact on the general economy.
+Added: Nonetheless, if our costs were to become subject to inflationary pressures, we may not be able to fully offset such higher costs through price increases.
+Added: Our inability or failure to do so could harm our business, financial condition and results of operations.
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.