HCM II ACQUISITION CORP C/WTS (TO PUR COM) | 10-Q: FY2025 Q2 EPS: USD 0.02

EPS: As of FY2025 Q2, the actual value is USD 0.02.

Interest Earned on Marketable Securities Held in Trust Account: $2,477,726 for the three months ended June 30, 2025, and $4,940,590 for the six months ended June 30, 2025.

Net Income (Loss): $601,027 for the three months ended June 30, 2025, and $1,291,026 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, the net loss was - $52,663.
General and Administrative Costs: $1,489,307 for the three months ended June 30, 2025, and $2,592,440 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, the general and administrative costs were $52,663.
Change in Fair Value of Forward Purchase Agreement Liability: - $387,392 for the three months ended June 30, 2025, and - $163,699 for the six months ended June 30, 2025.

Cash Used in Operating Activities: - $544,006 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, cash used in operating activities was $0.
Cash Held Outside of Trust Account: $124,083 as of June 30, 2025.
Marketable Securities Held in Trust Account: $240,134,175 as of June 30, 2025.

Initial Loss on Forward Purchase Agreement Liability: - $893,425 for the six months ended June 30, 2025.

Core Business Focus: The company plans to complete its initial Business Combination by August 19, 2026. Management has determined that the liquidity condition raises substantial doubt about the company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the company be required to liquidate after the Combination Period.
Non-Core Business: The company has entered into a Business Combination Agreement with Terrestrial Energy Inc., which is expected to close in the fourth quarter of 2025, subject to the receipt of the required approvals by the company’s shareholders and the fulfillment of other customary closing conditions.

EPS: As of FY2025 Q2, the actual value is USD 0.02.

Interest Earned on Marketable Securities Held in Trust Account: $2,477,726 for the three months ended June 30, 2025, and $4,940,590 for the six months ended June 30, 2025.

Net Income (Loss): $601,027 for the three months ended June 30, 2025, and $1,291,026 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, the net loss was - $52,663.
General and Administrative Costs: $1,489,307 for the three months ended June 30, 2025, and $2,592,440 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, the general and administrative costs were $52,663.
Change in Fair Value of Forward Purchase Agreement Liability: - $387,392 for the three months ended June 30, 2025, and - $163,699 for the six months ended June 30, 2025.

Cash Used in Operating Activities: - $544,006 for the six months ended June 30, 2025. For the period from April 4, 2024 (inception) through June 30, 2024, cash used in operating activities was $0.
Cash Held Outside of Trust Account: $124,083 as of June 30, 2025.
Marketable Securities Held in Trust Account: $240,134,175 as of June 30, 2025.

Initial Loss on Forward Purchase Agreement Liability: - $893,425 for the six months ended June 30, 2025.

Core Business Focus: The company plans to complete its initial Business Combination by August 19, 2026. Management has determined that the liquidity condition raises substantial doubt about the company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the company be required to liquidate after the Combination Period.
Non-Core Business: The company has entered into a Business Combination Agreement with Terrestrial Energy Inc., which is expected to close in the fourth quarter of 2025, subject to the receipt of the required approvals by the company’s shareholders and the fulfillment of other customary closing conditions.