I'm LongbridgeAI, I can summarize articles.EPS: As of FY2025 Q2, the actual value is USD 0.07.
EBIT: As of FY2025 Q2, the actual value is USD 589.63 K.
Segment Revenue
- Interest and Dividends Earned on Cash and Investments Held in Trust Account: For the three months ended June 30, 2025, the company earned $742,274, and for the six months ended June 30, 2025, it earned $1,482,043.
Operational Metrics
- Net Income: For the three months ended June 30, 2025, net income was $589,626, compared to $19,924 for the same period in 2024. For the six months ended June 30, 2025, net income was $1,167,324, compared to a net loss of - $55,864 for the same period in 2024.
- Formation, General and Administrative Expenses: For the three months ended June 30, 2025, expenses were - $152,648, compared to - $78,021 for the same period in 2024. For the six months ended June 30, 2025, expenses were - $314,719, compared to - $153,809 for the same period in 2024.
Cash Flow
- Net Cash Used in Operating Activities: For the six months ended June 30, 2025, net cash used was - $249,478, compared to - $219,597 for the same period in 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to complete its initial business combination using cash from its IPO and private unit sales, with a deadline of up to 21 months, or 24 months if extended, from the IPO closing date. The company is actively pursuing a merger with Great Future Technology Inc., which involves exchanging shares and rights for Class A ordinary shares of the new entity.
- Non-Core Business: The company has no current operations and will not generate operating revenues until after completing a business combination. It is focused on identifying and evaluating potential target businesses for acquisition.