ISRAEL ACQUISITIONS CORP C/WTS (TO PUR ORD) | 10-Q: FY2025 Q2 EPS: USD -0.11

EPS: As of FY2025 Q2, the actual value is USD -0.11.

Segment Revenue

• Class A Ordinary Shares Subject to Possible Redemption: 797,932 shares at a redemption value of $9,570,875 as of June 30, 2025, compared to 7,259,615 shares at $82,604,083 as of December 31, 2024.

Operational Metrics

• Net Loss: For the three months ended June 30, 2025, the net loss was $238,126, compared to a net income of $738,891 for the same period in 2024. For the six months ended June 30, 2025, the net loss was $171,473, compared to a net income of $1,314,747 for the same period in 2024.
• Loss from Operations: For the three months ended June 30, 2025, the loss from operations was $349,125, compared to $293,681 for the same period in 2024. For the six months ended June 30, 2025, the loss from operations was $630,397, compared to $925,456 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 in operating activities was $192,894, compared to net cash provided by operating activities of $1,628,221 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the six months ended June 30, 2025, net cash provided by investing activities was $73,033,208, compared to $73,388,235 for the same period in 2024.
• Net Cash Used in Financing Activities: For the six months ended June 30, 2025, net cash used in financing activities was $72,804,315, compared to $75,621,158 for the same period in 2024.

Unique Metrics

• Gain on Extinguishment of Liability: The company recorded a gain of $12,533 for the three months ended June 30, 2025, and $125,669 for the six months ended June 30, 2025, due to renegotiated amounts due to a vendor.

Future Outlook and Strategy

• Core Business Focus: The company is focused on completing its initial business combination with Gadfin Ltd., a technology company specializing in hydrogen-powered drones for logistics and cargo delivery. The business combination agreement includes a revised company equity value of $180,000,000.
• Non-Core Business: The company received a deficiency letter from Nasdaq regarding non-compliance with the minimum market value of listed securities requirement. The company has until November 24, 2025, to regain compliance, and is considering actions to address this issue.