This Annual Report includes, and oral statements made from time to time by representatives of the Company may include, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 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,” “intends,” “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.
| ● | risks associated with our proposed business combination with Precision Aerospace & Defense Group, Inc.; |
| ● | our ability to complete our initial business combination, which is impacted by various factors; |
| ● | our expectations around the performance of a prospective target business or businesses or of markets or industries; |
| ● | our directors and officers allocating their time to other businesses and potentially having conflicts of interest with or otherwise conflicting contractual obligations in connection with our business or in approving or consummating our initial business combination; |
| ● | our pool of prospective target businesses; |
| ● | the potential liquidity and trading of our public securities; |
| ● | global geopolitical conditions resulting from political and economic instability, including wars, terrorism and political unrest, including the outbreak of hostilities in Ukraine and the Middle East and potential instability in Venezuela, outbreak of disease, boycotts, curtailment of trade and other business restrictions; |
| ● | our financial performance following our initial public offering; and |
ii
