−Removed: In addition to the
−Removed: other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risks discussed in Part I,
−Removed: Item 1A “Risk Factors”
−Removed: in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the SEC on
−Removed: March 30, 2020 (“2019 Annual Report”).
−Removed: Additional risks and uncertainties not currently known to us or that we currently
−Removed: deem to be immaterial also may materially adversely affect our business, financial condition or future results.
−Removed: Except as noted
−Removed: below, as of the date of this Quarterly Report on Form 10-Q, there have been no material changes in the risk factors discussed
+Added: addition to the other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the risks discussed
in Part I, Item 1A “Risk Factors”
+Added: in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with
+Added: the SEC on March 30, 2020 (“2019 Annual Report”).
+Added: Additional risks and uncertainties not currently known to us or
+Added: that we currently deem to be immaterial also may materially adversely affect our business, financial condition or future results.
+Added: Except as noted below, as of the date of this Quarterly Report on Form 10-Q, there have been no material changes in the risk factors
+Added: discussed in Part I, Item 1A “Risk Factors”
in our 2019 Annual Report.
−Removed: The securities in which we invest
−Removed: the funds held in the Trust Account could bear a negative rate of interest, which could reduce the interest income available for
−Removed: payment of taxes or reduce the value of the assets held in trust such that the per-share redemption amount received by public stockholders
−Removed: may be less than $10.00 per share.
−Removed: The proceeds held in the Trust Account are invested only in
−Removed: Treasury securities with an original maturity of 185 days or less, or in money market funds which invest only in direct U.S.
+Added: securities in which we invest the funds held in the Trust Account could bear a negative rate of interest, which could reduce the
+Added: interest income available for payment of taxes or reduce the value of the assets held in trust such that the per-share redemption
+Added: amount received by public stockholders may be less than $10.00 per share.
+Added: proceeds held in the Trust Account are invested only in U.S.
+Added: Treasury securities with an original maturity of 185 days or less,
+Added: or in money market funds which invest only in direct U.S.
government treasury obligations.
While short-term U.S.
−Removed: government treasury obligations currently yield a positive rate of interest,
−Removed: they have briefly yielded negative interest rates in recent years.
−Removed: Central banks in Europe and Japan pursued interest rates below
−Removed: zero in recent years, and the Open Market Committee of the Federal Reserve has not ruled out the possibility that it may in the
−Removed: future adopt similar policies in the United States.
−Removed: In the event of very low or negative yields, the amount of interest income
−Removed: (which we are permitted to use for payment of our franchise and income tax obligations and up to $100,000 of dissolution expenses)
−Removed: would be reduced.
−Removed: In the event that we are unable to complete our initial business combination or make certain amendments to our
−Removed: amended and restated certificate of incorporation, our public stockholders will be entitled to receive their pro rata share of
−Removed: the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and
−Removed: not previously released to us to pay our franchise and income taxes (less up to $100,000 of interest to pay dissolution expenses).
−Removed: Negative interest rates could impact the per-share redemption amount that may be received by public stockholders.
+Added: government treasury
+Added: obligations currently yield a positive rate of interest, they have briefly yielded negative interest rates in recent years.
+Added: banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market Committee of the Federal Reserve
+Added: has not ruled out the possibility that it may in the future adopt similar policies in the United States.
+Added: In the event of very
+Added: low or negative yields, the amount of interest income (which we are permitted to use for payment of our franchise and income tax
+Added: obligations and up to $100,000 of dissolution expenses) would be reduced.
+Added: In the event that we are unable to complete our initial
+Added: business combination or make certain amendments to our amended and restated certificate of incorporation, our public stockholders
+Added: will be entitled to receive their pro rata share of the aggregate amount then on deposit in the Trust Account, including interest
+Added: earned on the funds held in the Trust Account and not previously released to us to pay our franchise and income taxes (less up
+Added: to $100,000 of interest to pay dissolution expenses).
+Added: Negative interest rates could impact the per-share redemption amount that
+Added: may be received by public stockholders.
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.