Inability to Complete Initial Business Combination: Failure to identify and complete a suitable business combination within the required timeframe could lead to the company's liquidation, returning only a pro rata portion of the trust account to shareholders and potentially losing the value of their warrants.

Risk of Shareholder Redemptions: A significant number of public shareholders may redeem their shares in connection with a business combination, which could deplete the funds available to complete the transaction and cause the post-combination company to have fewer assets.

Dilution from Future Financings and Founder Shares: Public shareholders may experience significant dilution from the issuance of additional shares to complete a business combination, including shares issued to the target company's owners, PIPE investors, or existing founder shares.