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

EPS: As of FY2025 Q3, the actual value is USD 0.08.

EBIT: As of FY2025 Q3, the actual value is USD -2.724 M.

Segment Revenue

• Units Sold: 23,000,000 Units, including 3,000,000 Option Units issued pursuant to the full exercise of the Over-Allotment Option, generating gross proceeds of $230,000,000.

Operational Metrics

• Net Income: For the three months ended September 30, 2025, net income was $2,332,213. For the nine months ended September 30, 2025, net income was $6,778,619. For the three months ended September 30, 2024, net income was $3,220,747. For the period from February 21, 2024 (inception) through September 30, 2024, net income was $3,327,965.
• Operating Costs: For the three months ended September 30, 2025, operating costs were $196,049. For the nine months ended September 30, 2025, operating costs were $674,775. For the three months ended September 30, 2024, operating costs were $177,250. For the period from February 21, 2024 (inception) through September 30, 2024, operating costs were $310,862.

Cash Flow

• Operating Cash Flow: For the nine months ended September 30, 2025, cash used in operating activities was - $479,562. For the period from February 21, 2024 (inception) through September 30, 2024, cash used in operating activities was - $531,599.
• Cash and Marketable Securities: As of September 30, 2025, cash held outside of the Trust Account was $336,455. Marketable securities held in the Trust Account were $243,788,499.

Unique Metrics

• Interest Income: For the three months ended September 30, 2025, interest income on marketable securities held in the Trust Account was $2,528,262. For the nine months ended September 30, 2025, interest income was $7,453,394. For the three months ended September 30, 2024, interest income was $3,397,997. For the period from February 21, 2024 (inception) through September 30, 2024, interest income was $3,638,827.

Future Outlook and Strategy

• Core Business Focus: The company aims to complete a Business Combination by June 20, 2026. If unable to do so, it will cease operations and liquidate the Trust Account.
• Non-Core Business: The company may seek to extend the Combination Period by amending its Amended and Restated Articles, which would require shareholder approval and could affect its Nasdaq listing.
• Priority: The company plans to use the funds held in the Trust Account to complete a Business Combination and finance the operations of the target business or businesses.