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 units held in the trust account are held as cash (including in
interest bearing demand deposits) or invested only in U.S. government treasury obligations with a maturity of 185 days or less or 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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