1 unchanged sentence
that could cause our actual results to differ materially from those in this Quarterly Report are any of the risks described in the Annual
−Removed: Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 22, 2023 (the “Annual Report”).
−Removed: of these factors could result in a significant or material adverse effect on our results of operations or financial condition.
−Removed: risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations.
−Removed: of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our Annual Report other than
−Removed: the following:
−Removed: Company has identified a material weakness in its internal control over financial reporting as of March 31, 2023.
−Removed: If the Company is unable
−Removed: to develop and maintain an effective system of internal control over financial reporting, it may not be able to accurately report its
−Removed: financial results in a timely manner, which may adversely affect investor confidence in the company and materially and adversely affect
−Removed: its business and operating results.
−Removed: Company has identified a material weakness in its internal controls over financial reporting related to the disclosure of the cash flow
−Removed: financing activities, and investing activities in relation to the redemption of Series A ordinary shares, as further described in the
−Removed: Company’s Current Report on Form 8-K filed with the SEC on August 7, 2023.
−Removed: A material weakness is a deficiency, or a combination
−Removed: of deficiencies, in internal control over financial reporting such that there is a reasonable possibility that a material misstatement
−Removed: of the company’s annual or interim financial statements will not be prevented or, detected and corrected on a timely basis.
−Removed: such a case, we may be unable to maintain compliance with securities law requirements regarding timely filing of periodic reports in
−Removed: addition to applicable stock exchange listing requirements, investors may lose confidence in the Company’s financial reporting,
−Removed: our securities price may decline and we may face litigation as a result.
−Removed: Further, effective internal controls are necessary for the Company
−Removed: to provide reliable financial reports and prevent fraud.
−Removed: light of the material weakness identified, although the Company has to identify and appropriately apply applicable accounting requirements,
−Removed: it plans to enhance its processes to identify and appropriately apply applicable accounting requirements to better evaluate and understand
−Removed: the nuances of the complex accounting standards that apply to the company’s financial statements.
−Removed: The plans at this time include
−Removed: providing enhanced access to accounting literature, research materials and documents and increased communication among the Company’s
−Removed: personnel and third-party professionals with whom the Company consults regarding complex accounting applications.
−Removed: These remediation measures
−Removed: may be time consuming and costly and there is no assurance that these initiatives will ultimately have the intended effects.
−Removed: 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
−Removed: future material weaknesses.
+Added: Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 22, 2023 (the “Annual Report”), and
+Added: any of the risks described in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2023, filed with the SEC on August 14,
+Added: 2023 (the “Q2 Report”).
+Added: Any of these factors could result in a significant or material adverse effect on our results of operations
+Added: or financial condition.
+Added: Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business
+Added: or results of operations.
+Added: As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed
+Added: in our Annual Report and the Q2 Report.
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.