Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
In connection with the preparation of the financial statements of
The restatement does not have an impact on the Company's cash position and cash held in the trust account established in connection with the IPO (the "Trust Account").
The Company's management has concluded that, in light of the errors described
above, a material weakness existed in the Company's internal control over
financial reporting during the Affected Periods and that the Company's
disclosure controls and procedures were not effective during the Affected
Periods. The Company's remediation plan with respect to such material weakness
will be described in more detail in Item 9A of Part II to the Company's Annual
Report on Form 10-K to be filed for the year ended
The Company's management have discussed the matters disclosed in this Current
Report on Form 8-K pursuant to this Item 4.02 with
Forward-Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as "believes," "expects," "intends," "plans," "estimates," "assumes," "may," "should," "will," "seeks," or other similar expressions. Such statements may include, but are not limited to, statements regarding the impact of the Company's restatement of certain historical financial statements, the Company's cash position and cash held in the Trust Account and any proposed remediation measures with respect to identified material weaknesses. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.
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