QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.
−Removed: As a “smaller reporting company,” we are not required to provide the information called for by this Item.
+Added: We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and are not required to provide the information otherwise required under this item.
+Added: As of December 31, 2022, we were not subject to any market or interest rate risk.
+Added: The net proceeds of our initial public offering, including amounts in the Trust Account, were invested in U.S.
+Added: government securities with a maturity of 185 days or less or in amended, that invest only in direct U.S.
+Added: government treasury obligations.
+Added: Due to the short-term nature of these investments, we believe there will be no associated material exposure to interest rate risk.
+Added: 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.
FINANCIAL STATEMENT AND SUPPLEMENTARY DATA.
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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.