Quetta Acquisition | 10-Q: FY2025 Q1 EPS: USD -0.04

EPS: As of FY2025 Q1, the actual value is USD -0.04.

The company has not generated any operating revenues as of March 31, 2025, and expects to generate non-operating income in the form of interest income from the proceeds derived from the IPO.

Net Income (Loss): For the three months ended March 31, 2025, the company reported a net loss of - $193,671, compared to a net income of $611,704 for the same period in 2024.
Formation and Operational Costs: Increased to $377,102 for the three months ended March 31, 2025, from $77,029 for the same period in 2024.
Related Party Administrative Fees: Remained constant at $30,000 for both periods.
Franchise Tax Expense: Decreased to $10,000 in 2025 from $16,200 in 2024.

Operating Cash Flow: Net cash used in operating activities was - $1,380,816 for the three months ended March 31, 2025, compared to - $44,372 for the same period in 2024.
Investing Cash Flow: Net cash provided by investing activities was $54,972,224 for the three months ended March 31, 2025.
Financing Cash Flow: Net cash used in financing activities was - $54,902,224 for the three months ended March 31, 2025.

Investments Held in Trust Account: As of March 31, 2025, the company had $18,417,128 in investments held in the Trust Account, down from $73,115,355 as of December 31, 2024.

Core Business Focus: The company plans to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities, focusing on target businesses in Asia.
Non-Core Business: The company has entered into a Merger Agreement with KM QUAD, a Cayman Islands company, to acquire Jiujiang Lida Technology Co., Ltd., a film product design and manufacturer in China. The aggregate consideration for the Acquisition Merger is $300 million, payable in newly issued purchaser ordinary shares valued at $10.00 per share.
Priority: The company has extended the deadline to complete its initial business combination to October 10, 2026, with the possibility of monthly extensions by depositing $60,000 into the trust account for each extension.