Item 2. Properties
ITEM
2. PROPERTIES
We do not own any real estate
or other physical properties materially important to our operations. The Company entered into short-term agreements for temporary
office space expiring through June 30, 2021. We entered an agreement to pay our Sponsor a monthly
fee of $10,000 for general and administrative services, including office space, utilities and administrative services to the Company.
We began incurring these fees on June 24, 2021 and will continue to incur these fees monthly until the earlier of the completion of the
business combination and the Company’s liquidation. For the years ended December 31, 2021 and 2020, the Company incurred
rent expense of $11,936 and $14,405, respectively.
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