Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item
3. Quantitative and Qualitative Disclosures about Market Risk
As
of January 31, 2022 and July 31, 2021, we were not subject to any market or interest rate risk. Following the consummation of the IPO,
the net proceeds of the IPO, including amounts in the trust account, have been invested in U.S. government treasury bills, notes or bonds
with a maturity of 180 days or less or in certain money market funds that invest solely in US 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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