I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 0.
EBIT: As of FY2025 Q3, the actual value is USD -3.444 M.
Financial Metrics by Segment
Segment Revenue
- No revenue was reported for the three and nine months ended September 30, 2025, and September 30, 2024.
Operational Metrics
- Net Income (Loss): For the three months ended September 30, 2025, the net loss was - $212,080, compared to a net income of $610,950 for the same period in 2024. For the nine months ended September 30, 2025, net income was $2,950,220, compared to $546,549 for the same period in 2024.
- General and Administrative Expenses: For the three months ended September 30, 2025, expenses were $1,270,192, compared to $213,755 for the same period in 2024. For the nine months ended September 30, 2025, expenses were $2,026,618, compared to $278,157 for the same period in 2024.
Cash Flow
- Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used was - $938,824, compared to - $528,479 for the same period in 2024.
Unique Metrics
- Change in Fair Value of Warrants: For the three months ended September 30, 2025, the change was - $1,115,700, compared to - $165,080 for the same period in 2024. For the nine months ended September 30, 2025, the change was - $1,431,815, compared to - $165,080 for the same period in 2024.
Future Outlook and Strategy
Core Business Focus
- The company is focused on completing its initial business combination with Hadron Energy, Inc., a company specializing in micro reactor technology. The business combination is expected to result in the company being renamed Hadron Energy, Inc.
Non-Core Business
- The company has not commenced any operations and will not generate operating revenues until after the completion of the business combination. The company generates non-operating income in the form of interest and dividend income on cash, cash equivalents, and marketable securities from the proceeds derived from the offering.
Priority
- The company has entered into a Business Combination Agreement with Hadron Energy, Inc., and plans to complete the merger, which will result in the company being renamed and focusing on the development and commercialization of micro reactor technology.