Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
As
of March 31, 2024, we were not subject to any market or interest rate risk. Following the consummation
of our IPO, the net proceeds of our IPO, including amounts in the trust account, have been invested in U.S. government treasury bills,
notes or bonds with a maturity of 185 days or less or in certain money market funds that invest solely in U.S. treasuries. 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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