EPS: As of FY2025 Q2, the actual value is USD 0.02.

Segment Revenue

• No revenue reported: The company has not generated any operating revenues as of June 30, 2025.

Operational Metrics

• Net Income: For the three months ended June 30, 2025, net income was $601,027. For the six months ended June 30, 2025, net income was $1,291,026. For the period from April 4, 2024 (inception) through June 30, 2024, net loss was - $52,663.
• General and Administrative Costs: For the three months ended June 30, 2025, general and administrative costs were $1,489,307. For the six months ended June 30, 2025, general and administrative costs were $2,592,440. For the period from April 4, 2024 (inception) through June 30, 2024, general and administrative costs were $52,663.

Cash Flow

• Operating Cash Flow: For the six months ended June 30, 2025, net cash used in operating activities was - $544,006. For the period from April 4, 2024 (inception) through June 30, 2024, net cash used in operating activities was $0.
• Marketable Securities Held in Trust Account: As of June 30, 2025, the balance was $240,134,175. As of December 31, 2024, the balance was $235,193,585.
• Cash: As of June 30, 2025, the cash balance was $124,083. As of December 31, 2024, the cash balance was $668,089.

Unique Metrics

• Interest Earned on Marketable Securities Held in Trust Account: For the three months ended June 30, 2025, interest earned was $2,477,726. For the six months ended June 30, 2025, interest earned was $4,940,590.
• Forward Purchase Agreement Liability: As of June 30, 2025, the fair value of the forward purchase agreement liability was $1,057,124.

Future Outlook and Strategy

• Core Business Focus: The company is focused on completing its initial Business Combination with Terrestrial Energy Inc. The Business Combination is expected to close in the fourth quarter of 2025, subject to shareholder approvals and other customary closing conditions.
• Non-Core Business: The company has entered into PIPE Subscription Agreements to issue and sell 5,000,000 shares of Domesticated Common Stock for $10.00 per share, to close immediately prior to or substantially concurrently with the Business Combination.
• Priority: The company intends to complete the initial Business Combination before the end of the Combination Period, currently August 19, 2026. However, there is substantial doubt about the company’s ability to continue as a going concern if the Business Combination is not consummated by the end of the Combination Period.