EPS: As of FY2025 Q1, the actual value is USD 0.08.

Segment Revenue

• Interest earned on marketable securities held in trust account was $95,000 for the three months ended March 31, 2025, compared to $277,000 for the same period in 2024.

Operational Metrics

• Operating expenses were -$143,000 for the three months ended March 31, 2025, compared to -$240,000 for the same period in 2024.
• Financial expenses were -$30,000 for the three months ended March 31, 2025, with no financial expenses reported for the same period in 2024.
• Net earnings (loss) for the period was -$78,000 for the three months ended March 31, 2025, compared to $37,000 for the same period in 2024.

Cash Flow

• Net cash provided by operating activities was $33,000 for the three months ended March 31, 2025, compared to -$614,000 for the same period in 2024.
• Net cash provided by financing activities was $75,000 for the three months ended March 31, 2025, compared to $890,000 for the same period in 2024.

Unique Metrics

• The balance due to the lender as of March 31, 2025, was $780,000, consisting of $738,000 of advances under the Note plus $42,000 of accrued interest.

Future Outlook and Strategy

• The company is advancing activities towards consummating a Business Combination with Tembo e-LV B.V., with consideration to be paid entirely in the form of newly issued ordinary shares of the new combined company, each valued at $10.00.
• The closing of the business combination remains subject to regulatory approvals, including SEC clearance, shareholder approvals, and other customary conditions.
• The company intends to apply for up-listing on the Nasdaq Stock Market in connection with the completion of the business combination.