40 unchanged sentences
Transaction costs of the Initial Public Offering amounted to $6,771,112, consisting of $2,300,000 of underwriting fees, $4,025,000 of deferred underwriting fees (see Note 6) and $446,112 of other costs.
−Removed: As of June 30, 2021, we had available to us $802,110 of cash on our balance sheet and a working capital of $760,298.
+Added: As of September 30, 2021, we had available to us $533,706 of cash on our balance sheet and a working capital of $661,574.
We intend to use the funds held outside of the Trust Account for identifying and evaluating prospective acquisition candidates, performing business due diligence on prospective target businesses, traveling to and from the offices, plants or similar locations of prospective target businesses, reviewing corporate documents and material agreements of prospective target businesses, selecting the target business to acquire and structuring, negotiating and consummating the Business Combination.
The interest income earned on the investments in the Trust Account are unavailable to fund operating expenses.
−Removed: In order to finance transaction costs in connection with the Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working
−Removed: Capital Loans”).
+Added: In order to finance transaction costs in connection with the Business Combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required (“Working Capital Loans”).
If the Company completes the Business Combination, the Company would repay such loaned amounts.
43 unchanged sentences
Basic loss per share of common stock is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of shares of common stock outstanding during the period.
−Removed: Consistent with FASB 480, shares subject to possible redemption, as well as their pro rata share of undistributed trust earnings consistent with the two-class method, have been excluded from the calculation of loss per share of common stock for the three months June 30, 2021.
+Added: Consistent with FASB 480, shares subject to possible redemption, as well as their pro rata share of undistributed trust earnings consistent with the two-class method, have been excluded from the calculation of loss per share of common stock for the three months September 30, 2021.
Such shares, if redeemed, only participate in their pro rata share of trust earnings.
Diluted loss per share includes the incremental number of shares of common stock to be issued to settle warrants, as calculated using the treasury method.
−Removed: For the period from February 8, 2021 (inception) through June 30, 2021, the Company did not have any dilutive warrants, securities or other contracts that could potentially, be exercised or converted into common stock.
+Added: For the period from February 8, 2021 (inception) through September 30, 2021, the Company did not have any dilutive warrants, securities or other contracts that could potentially, be exercised or converted into common stock.
As a result, diluted loss per share of common stock is the same as basic loss per share of common stock for all periods presented.
9 unchanged sentences
The Company’s common stock features certain redemption rights that are outside of the Company’s control and subject to occurrence of uncertain future events.
−Removed: Accordingly, at June 30, 2021, as there are 1,487,524 shares of Class A Common Stock outstanding, excluding 10,597,751 shares of Class A Common Stock are subject to possible redemption.
+Added: Accordingly, at September 30, 2021, as there are 585,275 shares of Class A Common Stock outstanding, excluding 11,500,000 shares of Class A Common Stock are subject to possible redemption.
Recent Accounting Pronouncements
1 unchanged sentence
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.