EPS: As of FY2025 Q1, the actual value is USD 0.07.

Segment Revenue

• Trust Account: As of March 31, 2025, the Trust Account held $238,782,364, which includes $8,782,364 of interest income.

Operational Metrics

• Net Income: For the three months ended March 31, 2025, net income was $2,198,698, primarily due to dividend income on marketable securities held in the Trust Account amounting to $2,447,259, offset by general and administrative and formation costs of $248,561.
• General and Administrative Costs: For the three months ended March 31, 2025, these costs were $248,561, compared to $22,260 for the period from February 21, 2024, through March 31, 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was - $193,339.

Unique Metrics

• Class A Ordinary Shares Subject to Redemption: As of March 31, 2025, 23,000,000 Class A Ordinary Shares were subject to possible redemption at a value of $238,782,364.

Future Outlook and Strategy

• Core Business Focus: The company intends to use the funds held in the Trust Account to complete a Business Combination, with the possibility of using share capital or debt as consideration. The company may also extend the Combination Period, subject to shareholder approval, to ensure the completion of a Business Combination.
• Non-Core Business: The company may explore transactions where the Sponsor sells its interest to another entity, potentially resulting in a change in the Management Team.