Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item
3. Quantitative and Qualitative Disclosures about Market Risk
As
of April 30, 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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