Item 2. Properties
Item
2. Properties
We
currently sub-lease our executive offices at 1615 South Congress Ave., Suite 103, Delray Beach, Florida 33445 from
our
sponsor. We consider our current office space adequate for our current operations. We pay our Sponsor for office space and administrative
services provided to members of our management team in an amount equal to $20,000 per month (which payments will be accelerated if we
consummate our initial business combination prior to the end of our 24-month term, or $480,000 in the aggregate).
Item
3. Legal Proceedings
We
are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against
us or any of our officers or directors in their corporate capacity.
Item
4. Safety Disclosures
Not
applicable.
50
Table of Contents
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.