Item 4.02. Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review.
In light of recent comment letters issued by the
Therefore, on
(i) audited balance sheet as of
Company's Annual Report on Form 10-K/A for the year endedDecember 31, 2020 , filed with theSEC onJuly 28, 2021 (the "2020 10-K/A");
(ii) audited balance sheet, statement of operations, statement of changes in
shareholders' equity (deficit) and statement of cash flows for the year endedDecember 31, 2020 , as previously restated in the 2020 10-K/A;
(iii) unaudited balance sheet, statement of operations, statement of changes in
shareholders' equity (deficit) and statement of cash flows for the three months endedMarch 31, 2021 , previously included in the Company's Quarterly Report on Form 10-Q for the quarterly period endedMarch 31, 2021 , filed with theSEC onJuly 30, 2021 ; and
(iv) unaudited balance sheet, statement of operations, statement of changes in
shareholders' equity (deficit) and statement of cash flows for the three and sixth months endedJune 30, 2021 , previously included in the Company's Quarterly Report on Form 10-Q for the quarterly period endedJune 30, 2021 , filed with theSEC onSeptember 14, 2021 (collectively, the "Affected Periods")
should be restated to report all Public Shares as temporary equity and should no
longer be relied upon. As such, the Company has restated its financial
statements for the Affected Periods in the Company's Quarterly Report on Form
10-Q for the quarterly period ended
The Company does not expect any of the above changes will have any impact on its cash position and cash held in the trust account established in connection with the IPO.
The Company's management has concluded that in light of the classification error described above, a material weakness exists in the Company's internal control over financial reporting and that the Company's disclosure controls and procedures were not effective. The Company's remediation plan with respect to such material weakness is described in more detail in the Q3 Form 10-Q.
The Company's management and the Audit Committee have discussed the matters disclosed in this Current Report on Form 8-K pursuant to this Item 4.02 with Marcum.
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