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

EPS: As of FY2025 Q3, the actual value is USD 0.07.

EBIT: As of FY2025 Q3, the actual value is USD -1.694 M.

Segment Revenue

• The company has not commenced any operations and does not expect to generate operating revenues until after the completion of its initial Business Combination.

Operational Metrics

• For the three months ended September 30, 2025, net income was $1,335,424, primarily due to interest income of $1,514,706 from marketable securities held in the Trust Account, offset by formation and general administrative costs of $179,282.
• For the nine months ended September 30, 2025, net income was $2,048,349, with interest income of $2,388,170 offset by formation and general administrative costs of $339,821.
• For the period from September 13, 2024 (inception) through September 30, 2024, the company had a net loss of $16,230, consisting solely of formation and general administrative costs.

Cash Flow

• Net cash used in operating activities for the nine months ended September 30, 2025 was - $392,962, affected by interest earned on marketable securities held in the Trust Account of - $2,388,170, offset by payment of operating costs through promissory note of $23,500 and advances from related party of $4,320.
• Net cash used in investing activities was - $144,109,375, primarily due to the investment of cash in the Trust Account.
• Net cash provided by financing activities was $144,890,421, primarily from proceeds from the sale of Units and Private Placement Warrants.

Unique Metrics

• The company had marketable securities held in the Trust Account amounting to $146,497,545 as of September 30, 2025, including approximately $2,388,170 of interest income.

Future Outlook and Strategy

• Core Business Focus: The company plans to use the funds held in the Trust Account to complete its Business Combination, with the intention to use cash, shares, debt, or a combination thereof.
• Non-Core Business: The company may need to raise additional capital through loans or investments from its Sponsor, shareholders, officers, directors, or third parties to meet working capital needs.
• Priority: Management plans to address liquidity concerns through a Business Combination, as the company’s liquidity condition raises substantial doubt about its ability to continue as a going concern.