3 unchanged sentences
Our units commenced public trading on December 18, 2020, and our public shares and public warrants commenced separate public trading on February 8, 2021.
−Removed: On March 2, 2022, there was one holder of record of our units, one holder of record of our shares of Class A common stock and two holders of record of our warrants.
+Added: On March 22, 2023, there was one holder of record of our units, one holder of record of our shares of Class A common stock, one holder of record of our shares of Class B common stock, and two holders of record of our warrants.
(c) Dividends
6 unchanged sentences
(e) Recent Sales of Unregistered Securities
−Removed: (f) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
−Removed: (g) Use of Proceeds from the Initial Public Offering
−Removed: On December 22, 2020, the Company consummated its initial public offering of 25,000,000 units, including 3,000,000 units issued pursuant to the partial exercise of the underwriters’ over-allotment option.
−Removed: Each unit consists of one public share and one-third of one public warrant, with each whole public warrant entitling the holder thereof to purchase one public share for $11.50 per share.
−Removed: The units were sold at a price of $10.00 per unit, generating gross proceeds to the Company of $250,000,000.
−Removed: A total of $250,000,000 of the proceeds from the initial public offering (which amount includes $8,750,000 of the underwriters’ deferred discount) and the sale of the private placement warrants, was placed in a U.S.-based trust account at J.P.
−Removed: Morgan Chase Bank, N.A., maintained by Continental, acting as trustee.
−Removed: The proceeds held in the trust account may be invested by the trustee only in U.S.
−Removed: government securities with a maturity of 185 days or less or in money market funds investing solely in U.S.
−Removed: government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act.
−Removed: We paid a total of $5,000,000 in underwriting discounts and commissions, excluding a deferred underwriting discount of $8,750,000 and $411,525 for other costs and expenses related to the initial public offering.
−Removed: Raymond James & Associates, Inc.
−Removed: agreed to defer $8,750,000 in underwriting commission (the “deferred commission”) until the completion of the Company’s initial business
−Removed: combination, if any, which deferred commission would be paid out of the trust account.
−Removed: Such funds will be released only upon consummation of an initial business combination.
−Removed: If the business combination is not consummated, such deferred commission will be forfeited.
−Removed: None of the underwriters will be entitled to any interest accrued on the deferred commission.
−Removed: For a description of the use of the proceeds generated in our initial public offering, see Part II, Item 7 of this Report.
+Added: (f) Use of Proceeds from the Initial Public Offering
+Added: For a description of the use of the proceeds generated in our initial public offering, see Part II, Item 7 of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 as filed with the SEC on March 31, 2021, as amended on June 28, 2021.
+Added: There has been no material change in the planned use of proceeds from our initial public offering and private placement as described in the IPO Registration Statement.
+Added: (g) Purchases of Equity Securities by the Issuer and Affiliated Purchasers
+Added: In connection with the Extension Special Meeting, stockholders holding 23,046,578 public shares exercised their right to redeem their shares for a pro rata portion of the funds in the trust account.
+Added: As a result, approximately $232.37 million (approximately $10.08 per public share) was removed from the trust account and paid to such holders and approximately $19.70 million remained in the trust account.
+Added: Following the redemptions, we had 1,953,422 public shares outstanding.
+Added: The following table contains monthly information about the repurchases of our equity securities for the three months ended December 31, 2022:
+Added: (c) Total number
+Added: approximate dollar
+Added: of shares (or
+Added: value) of shares (or
+Added: units) purchased
+Added: units) that may yet
+Added: (b) Average price
+Added: as part of publicly
+Added: be purchased under
+Added: paid per share (or
+Added: announced plans
+Added: October 1 – October 31, 2022
+Added: November 1 – November 30, 2022
+Added: December 1 – December 31, 2022
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.