Item 3. Legal Proceedings
Item 3. Legal Proceedings.
In connection with the Business Combination, two
of our purported shareholders have sent demand letters requesting that we provide additional disclosures in an amendment to the registration
statement filed in connection with the Business Combination. We believe that the allegations in the demand letters are meritless and that
no additional disclosure is required in such registration statement. No litigation has been filed in respect of these allegations and
we are currently unable to reasonably determine the outcome or estimate any potential losses should any litigation be filed, and, as such,
has not recorded a loss contingency. There is no material litigation, arbitration or governmental proceeding currently pending against
us or any members of our management team in their capacity as such or against any of our property.
Item 4. Mine Safety Disclosures.
Not applicable.
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PART II
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.