Revenue: As of FY2025 Q3, the actual value is USD 0.

EBIT: As of FY2025 Q3, the actual value is USD -1.013 M.

Segment Revenue

• The company has not generated any operating revenue as of September 30, 2025, since it is a blank check company focused on identifying a target for a business combination.

Operational Metrics

• Net Income: For the three months ended September 30, 2025, net income was $240,364, and for the nine months ended September 30, 2025, net income was $193,905.
• General and Administrative Expenses: These were $423,606 for the three months ended September 30, 2025, and $557,829 for the nine months ended September 30, 2025.
• Loss from Operations: The company reported a loss from operations of $423,606 for the three months and $557,829 for the nine months ended September 30, 2025.

Cash Flow

• Net Cash Used in Operating Activities: - $514,134 for the nine months ended September 30, 2025.
• Net Cash Used in Investing Activities: - $55,000,000, primarily due to the purchase of investments held in the Trust Account.
• Net Cash Provided by Financing Activities: $56,893,226, mainly from the proceeds of the IPO and private placement.

Unique Metrics

• Investments Held in Trust Account: As of September 30, 2025, the company had $55,663,293 in investments held in the Trust Account.

Future Outlook and Strategy

• Core Business Focus: The company aims to complete a business combination within 12 months from the IPO closing date, with a possible extension to 18 months. The target is in the consumer goods sector, and the company has entered into a merger agreement with HDEducation Group Limited, with an aggregate consideration of $300,000,000 to be paid entirely in stock.
• Non-Core Business: The company has not commenced any operations and will not generate operating revenue until after the completion of its initial business combination.
• Priority: The company is focused on completing the business combination within the specified timeframe to avoid liquidation and ensure the continuation of operations.