QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: The net proceeds of our IPO and the sale of the private placement warrants held in the trust account are invested in U.S.
−Removed: government treasury bills with a maturity of 180 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.
−Removed: government treasury obligations.
−Removed: Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.
+Added: Market risk includes risks that arise from changes in interest rates, foreign currency exchange rates, commodity prices, equity prices, and other market changes that affect market sensitive instruments.
+Added: In pursuing our business and investment objectives, we expect that the primary market risk to which we will be exposed is interest rate risk.
+Added: Following the issuance of the Series 2021 PABs, all of our indebtedness is now fixed rate debt.
+Added: However, we may enter into variable rate debt agreements in the future, in which case we intend to hedge against rising benchmark interest rates by entering into hedging strategies with high quality counterparties.
+Added: Our investments and restricted investments are invested in U.S.
+Added: government treasury bills with maturity dates ranging between less than 180 days to 5 years.
+Added: Due to the nature of these investments, as well as our intent and ability to hold these instruments to maturity, we believe there will be no associated material exposure to interest rate risk.
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.