QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
−Removed: The net proceeds of our Public Offering and a
−Removed: portion of the proceeds of our concurrent sale of Private Placement Warrants are held in a trust account invested in U.S.
−Removed: Government treasury
−Removed: obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment
−Removed: Company Act of 1940, as amended, and which invest only in direct U.S.
+Added: The net proceeds of our IPO and a portion of the proceeds of our concurrent
+Added: sale of Private Placement Warrants are held in a Trust Account invested in U.S.
+Added: Government Treasury obligations with a maturity of 185
+Added: days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act of 1940, as amended,
+Added: and which invest only in direct U.S.
Government Treasury obligations.
−Removed: Due to the short-term nature of
−Removed: these investments, we believe there will be no associated material exposure to interest rate risk.
+Added: On January 11, 2023, we liquidated the U.S.
+Added: government treasury
+Added: obligations or money market funds held in the Trust Account.
+Added: The funds in the Trust Account will be maintained in cash in an interest-bearing
+Added: demand deposit account at a bank until the earlier of our initial Business Combination and our liquidation.
+Added: Interest on such deposit account
+Added: is currently approximately 2.5% - 3.0% per anum, but such deposit account carries a variable rate, and we cannot assure you that such
+Added: rate will not decrease or increase significantly.
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.