MAYWOOD ACQUISITION CORP COM USD0.0001 CL A (SUB/RIGHST) | 10-Q: FY2025 Q3 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 0.
EPS: As of FY2025 Q3, the actual value is USD 0.01.
EBIT: As of FY2025 Q3, the actual value is USD -1.776 M.
Segment Revenue
- The company has not commenced any operations and will not generate operating revenue until after the completion of its initial business combination.
Operational Metrics
- For the three months ended September 30, 2025, the company reported net income of $70,891, primarily due to interest earned on marketable securities held in the Trust Account ($914,894) and forgiveness of debt ($12,502), offset by formation and operating costs ($859,045).
- For the nine months ended September 30, 2025, net income was $1,312,339, with interest earned on marketable securities held in the Trust Account totaling $2,235,688, and formation and operating costs amounting to $946,410.
Cash Flow
- Net cash used in operating activities for the nine months ended September 30, 2025 was - $437,444.
- Net cash used in investing activities was - $86,250,000, primarily due to cash deposited in the Trust Account.
- Net cash provided by financing activities was $86,977,024, driven by proceeds from the IPO, private placement, and Sponsor Loan.
Unique Metrics
- The company had $88,485,688 in marketable securities held in the Trust Account as of September 30, 2025.
Future Outlook and Strategy
- The company has until August 14, 2026, to consummate a business combination, with plans to complete the proposed GOWell Business Combination prior to this date.
- Management has determined that the liquidity condition and mandatory liquidation, should a business combination not occur, raises substantial doubt about the company’s ability to continue as a going concern.
- The company entered into a Business Combination Agreement with GOWell Technology Limited on October 13, 2025, which involves merging with and into PubCo, with PubCo continuing as the surviving entity.
