Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk
As of June 30, 2021,
we were not subject to any market or interest rate risk. The net proceeds of the Initial Public Offering, including amounts in the Trust
Account, have been invested in U.S. government securities with a maturity of 185 days or less or in money market funds that meet certain
conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended, that invest only in direct U.S. government treasury
obligations. Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest
rate risk.
We
have not engaged in any hedging activities since our inception and we do not expect to engage in any hedging activities with respect
to the market risk to which we are exposed.
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