I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2024, the actual value is USD 0.
EPS: As of FY2024, the actual value is USD -0.03.
EBIT: As of FY2024, the actual value is USD -1.622 M.
Segment Revenue
- The company has not generated any operating revenues as of December 31, 2024, and does not expect to generate operating revenues until the consummation of its initial Business Combination.
Operational Metrics
- Net loss for the year ended December 31, 2024, was $215,486, compared to a net income of $2,494,909 for the year ended December 31, 2023.
- Formation, general, and administrative expenses for the year ended December 31, 2024, were $1,622,093, compared to $1,993,129 for the year ended December 31, 2023.
Cash Flow
- Net cash used in operating activities for the year ended December 31, 2024, was $877,915.
- Net cash provided by investing activities for the year ended December 31, 2024, was $42,397,606, primarily driven by cash withdrawn from the Trust Account in connection with redemptions.
- Net cash used in financing activities for the year ended December 31, 2024, was $41,518,959, primarily due to redemption payments.
Unique Metrics
- As of December 31, 2024, the company had $10,208,877 in investments held in the Trust Account, which are invested in an interest-bearing demand deposit account.
Outlook / Guidance
- The company has until November 8, 2025, to complete its initial Business Combination, unless extended by shareholders’ approval.
- If unable to complete the Business Combination within the specified period, the company will cease operations and liquidate.