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

EBIT: As of FY2025 Q3, the actual value is USD -313 K.

Segment Revenue

• Interest earned on marketable securities held in trust account was $283,000 for the nine months ended September 30, 2025, compared to $840,000 for the same period in 2024.

Operational Metrics

• Operating expenses were - $542,000 for the nine months ended September 30, 2025, compared to - $936,000 for the same period in 2024.
• Financial expenses were - $100,000 for the nine months ended September 30, 2025, compared to - $210,000 for the same period in 2024.
• Net loss was - $359,000 for the nine months ended September 30, 2025, compared to - $306,000 for the same period in 2024.

Cash Flow

• Net cash used in operating activities was - $12,000 for the nine months ended September 30, 2025, compared to - $339,000 for the same period in 2024.
• Net cash provided by financing activities was $295,000 for the nine months ended September 30, 2025, compared to $1,287,000 for the same period in 2024.

Unique Metrics

• Accretion on Class A ordinary shares subject to possible redemption was $571,000 for the nine months ended September 30, 2025, compared to $1,013,000 for the same period in 2024.

Future Outlook and Strategy

Core Business Focus

• The company plans to complete an Initial Business Combination before the mandatory liquidation date of November 2, 2026.
• The closing of the business combination with Tembo e-LV B.V. is pending regulatory approvals, including SEC clearance, financial audits, shareholder approvals, and other customary conditions.

Non-Core Business

• The company is negotiating with Energi Holdings Limited to extend the maturity date of the promissory note beyond November 2, 2025.
• An unsecured promissory note was issued to Hali International Limited with a principal amount of $150,000, repayable by October 14, 2026.