Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
The net proceeds of our Public Offering 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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