Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK
The net proceeds of our initial public
offering and the sale of the private placement warrants held in the trust account are invested in money market funds meeting certain
conditions under Rule 2a-7 under the Investment Company Act which 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.
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