−Removed: Quantitative and Qualitative Disclosure About Market Risk.
−Removed: of December 31, 2020, we were not subject to any market or interest rate risk.
−Removed: The net proceeds received into the Trust Account,
−Removed: have been invested in U.S.
−Removed: government treasury bills, notes or bonds with a maturity of 185 days or less or in certain money market
−Removed: funds that invest solely in US treasuries.
−Removed: Due to the short-term nature of these investments, we believe there will be no associated
−Removed: material exposure to interest rate risk.
−Removed: Financial Statements and Supplementary Data
−Removed: information appears following Item 15 of this Report and is included herein by reference.
−Removed: Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.
+Added: Quantitative and Qualitative Disclosures About Market Risk
+Added: We are exposed to market risks in the ordinary course of our business.
+Added: These risks primarily relate to interest rates.
+Added: Our cash, cash equivalents, and restricted cash consists of bank deposits and money market funds, which totaled $401.5 million and $118.9 million at December 31, 2021 and 2020, respectively.
+Added: Such interest-bearing instruments carry a degree of risk; however, because our investments are primarily high-quality credit instruments with short-term durations with high-quality institutions, we have not been exposed to, nor do we anticipate being exposed to, material risks due to changes in interest rates.
+Added: A 100 basis point change in interest rates would not have a material effect on the fair market value of our cash, cash equivalents and restricted cash.
+Added: Our loans and financing obligations are recorded at amortized cost and are set at fixed interest rates.
+Added: As a result, fluctuations in interest rates would not impact our financial statements.
+Added: However, the fair value of our debt will generally fluctuate with movements of interest rates.
+Added: Additional information on our long-term debt can be found in Sema4’s consolidated financial statements in Note 8, “Long-Term Debt.”
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.