Item 1A. Risk Factors
Item 1A. Risk Factors
Factors that could cause our actual results to differ materially
from those in this Quarterly Report are any of the risks described in the Risk Factors section of the final prospectus for our
Public Offering filed with the SEC on October 13, 2020 (the “Prospectus”). Any of these factors could result in
a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently
known to us or that we currently deem immaterial may also impair our business or results of operations.
As of the date of this Quarterly Report, there have been no
material changes to the risk factors disclosed in the Prospectus, except as discussed below. We may disclose changes to such risk
factors or disclose additional risk factors from time to time in our future filings with the SEC.
The securities in which we invest the funds held in the
Trust Account could bear a negative rate of interest, which could reduce the value of the assets held in trust such that the per-share
redemption amount received by public stockholders may be less than $10.00 per share.
The proceeds held in the Trust Account are invested only in
U.S. government treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under
Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations. While short-term
U.S. government treasury obligations currently yield a positive rate of interest, they have briefly yielded negative interest rates
in recent years. Central banks in Europe and Japan pursued interest rates below zero in recent years, and the Open Market Committee
of the Federal Reserve has not ruled out the possibility that it may in the future adopt similar policies in the United States.
In the event that we are unable to complete our initial business combination or make certain amendments to our Amended and Restated
Certificate of Incorporation, our public stockholders are entitled to receive their pro-rata share of the proceeds held in the
Trust Account, plus any interest income not released to us, net of taxes payable. Negative interest rates could have an impact
on the per-share redemption amount that may be received by public stockholders.
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.