Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk
As of March 31, 2021, we were not subject to any
market or interest rate risk. Following the consummation of our Initial Public Offering, the net proceeds of our Initial Public Offering,
including amounts in the Trust Account, were invested in U.S. government treasury bills, notes or bonds or in certain money market funds
that invest solely 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.
We have not engaged in any hedging activities since
our inception and we do not expect to engage in any hedging activities with respect to the market risk to which we are exposed.
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