Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
The
net proceeds of our IPO and a portion of the proceeds of our concurrent sale of private placement warrants are held in a trust account
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 of 1940, as amended, and which invest only in direct U.S. Government Treasury obligations.
Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.
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