| Page |
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| PART I | | 2 |
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| Item 1. | Business | 2 |
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| Item 1A. | Risk Factors | 9 |
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| Item 1B. | Unresolved Staff Comments | 28 |
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| Item 1C. | Cybersecurity | 28 |
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| Item 2. | Properties | 28 |
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| Item 3. | Legal Proceedings | 28 |
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| Item 4. | Mine Safety Disclosures | 29 |
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| PART II | | 29 |
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| Item 5. | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 29 |
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| Item 6. | Selected Financial Data | 29 |
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| Item 7. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 29 |
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| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk | 34 |
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| Item 8. | Financial Statements and Supplementary Data | F-1 |
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| Item 9. | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure | F-24 |
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| Item 9A. | Controls and Procedures | F-24 |
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| Item 9B. | Other Information | F-25 |
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| PART III | | II-1 |
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| Item 10. | Directors, Executive Officers and Corporate Governance | II-1 |
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| Item 11. | Executive Compensation | II-7 |
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| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | II-8 |
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| Item 13. | Certain Relationships and Related Transactions, and Director Independence | II-9 |
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| Item 14. | Principal Accounting Fees and Services | II-10 |
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| PART IV | | II-11 |
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| Item 15. | Exhibits, Financial Statement Schedules | II-11 |
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND RISK FACTOR SUMMARY
Certain statements in this annual report on Form 10-K (this “Form 10-K”) may constitute “forward-looking statements” for purposes of the federal securities laws. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this Form 10-K may include, for example, statements about:
| • | our ability to select an appropriate target business or businesses; |
| • | our ability to complete our initial business combination; |
| • | our expectations around the performance of the prospective target business or businesses; |
| • | our success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business combination; |
| • | our officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business or in approving our initial business combination, as a result of which they would then receive expense reimbursements; |
| • | our potential ability to obtain additional financing to complete our initial business combination; |
| • | our pool of prospective target businesses; |
| • | the ability of our officers and directors to generate a number of potential acquisition opportunities; |
| • | our public securities’ potential liquidity and trading; |
| • | the lack of a market for our securities; |
| • | the use of proceeds not held in the trust account (as described below) or available to us from interest income on the trust account balance; |
| • | the trust account not being subject to claims of third parties; or |
| • | our financial performance. |
The forward-looking statements contained in this Form 10-K are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the section of this Form 10-K entitled “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.
