EPS: As of FY2025 Q1, the actual value is USD -0.24.

Segment Revenue

• The company has not commenced any operations and has not generated any operating revenues as of March 31, 2025. The company generates non-operating income in the form of interest income from the proceeds derived from the Public Offering.

Operational Metrics

• Net Loss: The net loss for the three months ended March 31, 2025, was $3,532,000, compared to a net loss of $4,268,000 for the same period in 2024.
• General and Administrative Expenses: For the three months ended March 31, 2025, general and administrative expenses were $1,369,000, compared to $822,000 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the three months ended March 31, 2025, net cash used in operating activities was $172,000, compared to $1,036,000 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the three months ended March 31, 2025, net cash provided by investing activities was $40,000, compared to $215,920,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: For the three months ended March 31, 2025, net cash provided by financing activities was $134,000, compared to net cash used in financing activities of $215,340,000 for the same period in 2024.

Unique Metrics

• Derivative Warrant Liabilities: The fair value of the derivative warrant liabilities was $2,787,000 as of March 31, 2025, compared to $2,229,000 as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company intends to complete a Business Combination prior to the Extended Date of May 31, 2025, or such later date as may be resolved by the board of directors, or if stockholders approve an extension of such date.
• Non-Core Business: The company has entered into a Business Combination Agreement with Greenstone Corporation, a gold producer, developer, and explorer with operations focused in Zimbabwe. The closing of the Business Combination is subject to various conditions, including shareholder approval and regulatory approvals.
• Priority: The company is focused on completing the Business Combination with Greenstone Corporation and has extended the completion window to May 31, 2025, as permitted by the Charter.