<span item_type="fundamental" item_id="5c50504f4387a92f1ac3ff6b6a8277ef" counter_id="ST/US/CCIRW" env="prod"></span><span item_type="announcement" item_id="515746300356006657" env="prod"></span><p>EPS: As of FY2025 Q1, the actual value is USD 0.01.</p><p></p><h3>Segment Revenue</h3><ul><li>The company has not commenced any operations and does not expect to generate operating revenues until after the completion of its initial Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>For the three months ended March 31, 2025, the company reported net income of $238,844, primarily due to interest earned on marketable securities held in the Trust Account amounting to $2,443,761, offset by general and administrative costs of $2,204,917.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li><li>For the three months ended March 31, 2024, the company reported a net loss of $5,168, which consisted solely of formational, general, and operational costs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities for the three months ended March 31, 2025 was - $619,492, affected by interest earned on marketable securities of - $2,443,761 and changes in operating assets and liabilities of $1,585,425.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li><li>Net cash used in operating activities for the three months ended March 31, 2024 was $0, with net loss affected by payment of operation costs through promissory note of $5,000 and changes in operating assets and liabilities, which used $168 of cash from operating activities.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company had marketable securities held in the Trust Account of $235,813,008 as of March 31, 2025, intended to be used for completing the Business Combination.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The company plans to consummate a Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of Placement Units, shares, debt, or a combination thereof.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li><li>Management plans to address liquidity concerns through the consummation of a Business Combination, with the Sponsor committed to loan the company up to $250,000 to meet additional working capital needs.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The company has entered into a Business Combination Agreement with VEON Amsterdam B.V., VEON Holdings B.V., Kyivstar Group Ltd., and Varna Merger Sub Corp., which will result in VEON Holdings becoming a direct, wholly-owned subsidiary of PubCo, and the company continuing as the surviving company of the merger.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1894176/000121390025042683/ea0240876-10q_cohen1.htm"></span></li></ul>

CCIRW

COHEN CIRCLE ACQUISITION CORP I C/WTS 31/01/2029 (TO PUR COM) | 10-Q: FY2025 Q1 EPS: USD 0.01