Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosure About Market Risk
As of June 30, 2024 Ambac was party to a US dollar / British pound sterling foreign exchange forward contract to protect against currency fluctuations related to the purchase of Beat. This position was closed on July 26, 2024 resulting in a net gain to Ambac. As of June 30, 2024, there were no other material changes in the market risks that the Company is exposed to since December 31, 2023.
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