What changed in this filing

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Item 1A. Risk Factors

2023-08-14 compared with 2023-05-11 · 28 added, 1 removed, 5 unchanged (85% of the section changed)

4 unchanged sentences

risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations.

of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our Annual Report.

of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our Annual Report other than

the following:

Company has identified a material weakness in its internal control over financial reporting as of March 31, 2023.

If the Company is unable

to develop and maintain an effective system of internal control over financial reporting, it may not be able to accurately report its

financial results in a timely manner, which may adversely affect investor confidence in the company and materially and adversely affect

its business and operating results.

Company has identified a material weakness in its internal controls over financial reporting related to the disclosure of the cash flow

financing activities, and investing activities in relation to the redemption of Series A ordinary shares, as further described in the

Company’s Current Report on Form 8-K filed with the SEC on August 7, 2023.

A material weakness is a deficiency, or a combination

of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement

of the company’s annual or interim financial statements will not be prevented or, detected and corrected on a timely basis.

such a case, we may be unable to maintain compliance with securities law requirements regarding timely filing of periodic reports in

addition to applicable stock exchange listing requirements, investors may lose confidence in the Company’s financial reporting,

our securities price may decline and we may face litigation as a result.

Further, effective internal controls are necessary for the Company

to provide reliable financial reports and prevent fraud.

light of the material weakness identified, although the Company has to identify and appropriately apply applicable accounting requirements,

it plans to enhance its processes to identify and appropriately apply applicable accounting requirements to better evaluate and understand

the nuances of the complex accounting standards that apply to the company’s financial statements.

The plans at this time include

providing enhanced access to accounting literature, research materials and documents and increased communication among the Company’s

personnel and third-party professionals with whom the Company consults regarding complex accounting applications.

These remediation measures

may be time consuming and costly and there is no assurance that these initiatives will ultimately have the intended effects.

be no assurance that the measures taken to date, or any measures the Company may take in the future, will be sufficient to avoid potential

future material weaknesses.

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.

What changed 10-Q

Item 1A. Risk Factors