87 unchanged sentences
and Capital Resources
−Removed: of February 28, 2022, we had $1,708,642 in cash and a working capital of $1,648,778.
−Removed: liquidity needs up to February 28, 2022 had been satisfied through a capital contribution from our Sponsor of $25,000 for the founder
−Removed: shares and the loan from our Sponsor in addition to our Sponsor paying offering and formation costs on behalf of the Company.
+Added: of May 31, 2022, we had $1,620,011 in cash and a working capital of $1,519,957.
+Added: liquidity needs up to May 31, 2022 had been satisfied through a capital contribution from our Sponsor of $25,000 for the founder shares
+Added: and the loan from our Sponsor in addition to our Sponsor paying offering and formation costs on behalf of the Company.
After consummation
3 unchanged sentences
or an affiliate of the Sponsor or certain of our officers and directors may, but are not obligated to, provide us Working Capital Loans.
−Removed: As of February 28, 2022, there were no amounts outstanding under any Working Capital Loans.
+Added: As of May 31, 2022, there were no amounts outstanding under any Working Capital Loans.
on the foregoing, management believes that we will have sufficient working capital to meet our needs through the earlier of the consummation
11 unchanged sentences
of Operations
−Removed: of February 28, 2022 ,
+Added: of May 31, 2022 ,
we had not commenced any operations.
−Removed: All activity for the period from October 20, 2021 (inception) through February 28, 2022 relates
−Removed: to our formation and the Initial Public Offering.
+Added: All activity for the period from October 20, 2021 (inception) through May 31, 2022 relates to our
+Added: formation and the Initial Public Offering.
We have neither engaged in any operations nor generated any revenues to date.
−Removed: We will not generate any operating revenues until after the completion of our initial Business
−Removed: Combination, at the earliest.
−Removed: We will generate non-operating income in the form of interest income on cash and cash equivalents from
−Removed: the proceeds derived from the Initial Public Offering.
−Removed: We expect to incur increased expenses as a result of being a public company
−Removed: (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.
−Removed: the three months ended February 28, 2022 , we had a net loss of $45,510 consisting of operating
+Added: not generate any operating revenues until after the completion of our initial Business Combination, at the earliest.
+Added: We will generate
+Added: non-operating income in the form of interest income on cash and cash equivalents from the proceeds derived from the Initial Public Offering.
+Added: We expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing
+Added: compliance), as well as for due diligence expenses.
+Added: the three and six months ended May 31, 2022 , we had a net loss of $61,972 and $107,482,
+Added: respectively, consisting of operating expenses partially offset by interest income.
do not have any long-term debt obligations, capital lease obligations, operating lease obligations, purchase obligations or long-term
9 unchanged sentences
as part of the working capital loans and Class A common stock issuable upon conversion of the founder shares, are entitled to registration
−Removed: rights pursuant to a registration rights agreement signed on the effective date of this offering, requiring us to register such securities
+Added: rights pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering, requiring us to register such securities
for resale (in the case of the founder shares, only after conversion to our Class A common stock).
27 unchanged sentences
Sheet Arrangements
−Removed: of February 28, 2022, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.
+Added: of May 31, 2022, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.
do not believe that inflation had a material impact on our business, revenues or operating results during the period presented.
22 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.