Item 7A. Quantitative and Qualitative Disclosures About Market Risk
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES
ABOUT MARKET RISK
As of December 31, 2021,
we were not subject to any material market or interest rate risk. Following the consummation of our Public Offering, the net proceeds
of the Public Offering and the Private Placement, including amounts in the Trust Account, were invested in U.S. government treasury obligations
with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act
which invest only in direct U.S. government treasury obligations. Due to the short-term nature of these investments, we believe there
was no associated material exposure to interest rate risk.
We have not engaged in any
hedging activities since our inception. We do not expect to engage in any hedging activities with respect to the market risk to which
we are exposed.
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