A SPAC II ACQUISITION CORP C/WTS 15/10/2026 (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q1, the actual value is USD 0.
EPS: As of FY2025 Q1, the actual value is USD -0.02.
EBIT: As of FY2025 Q1, the actual value is USD -156.81 K.
Segment Revenue
- General and Administrative Expenses: $108,778 for the three months ended March 31, 2025, compared to $148,651 for the same period in 2024.
Operational Metrics
- Net (Loss) Income: Net loss of $60,743 for the three months ended March 31, 2025, compared to net income of $142,345 for the same period in 2024.
- Interest Income: $48,035 for the three months ended March 31, 2025, compared to $290,996 for the same period in 2024.
Cash Flow
- Net Cash Used in Operating Activities: - $128,383 for the three months ended March 31, 2025, compared to - $189,709 for the same period in 2024.
- Cash at End of Period: $12,598 as of March 31, 2025, compared to $252,438 as of March 31, 2024.
Unique Metrics
- Investments Held in Trust Account: $4,532,325 as of March 31, 2025, compared to $4,485,356 as of December 31, 2024.
Future Outlook and Strategy
- Core Business Focus: The company plans to continue incurring significant costs in pursuit of its acquisition plans and expects to generate non-operating income in the form of interest income on marketable securities held after the IPO.
- Non-Core Business: The company has extended the time to complete a Business Combination to August 5, 2027, and has secured additional loans from the Sponsor to cover various expenses and for working capital purposes.
- Priority: The company aims to complete a Business Combination within the extended period and manage its working capital effectively to ensure operational continuity.
