EPS: As of FY2025 Q2, the actual value is USD -0.03.

Segment Revenue

• The company has not commenced any operations and will not generate operating revenues until after the completion of a Business Combination.

Operational Metrics

• Net Loss: For the three months ended June 30, 2025, the net loss was $221,000, compared to a net income of $205,000 for the same period in 2024.
• General and Administrative Costs: For the three months ended June 30, 2025, these costs were $265,079, compared to $225,860 for the same period in 2024.
• Interest Earned: Interest earned on cash held in the Trust Account was $7,091 for the three months ended June 30, 2025, compared to $305,998 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 was - $290,398, compared to - $451,408 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the six months ended June 30, 2025, net cash provided was $27,398,399, compared to $23,341,533 for the same period in 2024.
• Net Cash Used in Financing Activities: For the six months ended June 30, 2025, net cash used was - $27,108,399, compared to - $22,886,533 for the same period in 2024.

Unique Metrics

• Warrant Liabilities: As of June 30, 2025, the Public Warrant Liability was $216,999, and the Private Placement Warrant Liability was $114,800.

Future Outlook and Strategy

• Core Business Focus: The company plans to consummate a Business Combination prior to the mandatory liquidation date. If the company’s estimates of the costs of identifying a target business, undertaking in-depth due diligence, and negotiating a Business Combination are less than the actual amount necessary to do so, the company may have insufficient funds available to operate its business prior to an initial Business Combination.
• Non-Core Business: The company may need to obtain additional financing either to complete an initial Business Combination or because it becomes obligated to redeem a significant number of its Public Shares upon completion of an initial Business Combination.