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

EPS: As of FY2025 Q3, the actual value is USD -0.17.

EBIT: As of FY2025 Q3, the actual value is USD -255.62 K.

Segment Revenue

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

Operational Metrics

• Net Loss: For the three months ended September 30, 2025, the net loss was $1,331,230, compared to a net income of $37,699 for the same period in 2024.
• General and Administrative Costs: For the three months ended September 30, 2025, general and administrative costs were $248,326, compared to $244,972 for the same period in 2024.
• Change in Fair Value of Warrant Liabilities: For the three months ended September 30, 2025, the change in fair value of warrant liabilities was - $1,090,196, compared to - $27,649 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $376,495, compared to - $677,875 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the nine months ended September 30, 2025, net cash provided by investing activities was $27,383,399, compared to $23,176,533 for the same period in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used in financing activities was - $27,003,399, compared to - $22,496,533 for the same period in 2024.

Unique Metrics

• Interest Earned on Cash Held in Trust Account: For the three months ended September 30, 2025, interest earned was $7,292, compared to $310,320 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to consummate a Business Combination prior to the mandatory liquidation date. Management acknowledges that if the costs of identifying a target business, undertaking in-depth due diligence, and negotiating a Business Combination are less than the actual amount necessary, the company may have insufficient funds available to operate its business prior to an initial Business Combination.
• Non-Core Business: The company has entered into a non-binding term sheet related to a business combination with HiTech Minerals, Inc., a Nevada corporation and wholly-owned subsidiary of Jindalee Lithium Limited.