Item 1A. Risk Factors
ITEM 1A. RISK FACTORS.
The outbreak of the coronavirus (“COVID-19”)
has negatively impacted and could continue to negatively impact the global economy. In addition, the COVID-19 pandemic could disrupt
or otherwise negatively impact global credit markets, our operations and our efforts to identify, review and explore alternatives
for the Company, including a merger, acquisition, or a business combination.
The significant outbreak of COVID-19 has
resulted in a widespread health crisis, which has negatively impacted and could continue to negatively impact the global economy.
In addition, the global and regional impact of the outbreak, including official or unofficial quarantines and governmental restrictions
on activities taken in response to such event, could have a negative impact on our operations and our ability to identify, review
and explore alternatives for the Company. More broadly, the outbreak could potentially lead to an economic downturn that could
limit the potential opportunities available to us via merger, acquisition or business combination.
The COVID-19 outbreak could disrupt or
otherwise negatively impact credit and equity markets, which could adversely affect the availability and cost of capital. Such
impacts could limit our ability to obtain additional funding through various financing transactions or arrangements, including
joint venturing of projects, equity or debt financing or other means.
A pandemic typically results in social
distancing, travel bans and quarantines, and this may limit access to our management, support staff, professional advisors and
our independent auditors. These factors, in turn, may not only impact our operations, financial condition and our overall ability
to react timely to mitigate the impact of this event. Also, it may hamper our efforts to comply with our filing obligations with
the Securities and Exchange Commission.
The extent and potential short and long
term impact of the COVID-19 outbreak on our business will depend on future developments, including the duration, severity and spread
of the virus, actions that may be taken by governmental authorities and the impact on the financial markets, all of which are highly
uncertain and cannot be predicted. These and other potential impacts of an epidemic, pandemic or other health crisis, such as COVID-19,
could therefore materially and adversely affect our business, financial condition and results of operations.
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