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

EPS: As of FY2025 Q3, the actual value is USD -0.03.

EBIT: As of FY2025 Q3, the actual value is USD -528.25 K.

Segment Revenue

• Interest and Dividend Income on Investments Held in Trust Account: For the three months ended September 30, 2025, the income was $6,868, compared to $285,500 for the same period in 2024. For the nine months ended September 30, 2025, the income was $88,236, compared to $1,660,800 for the same period in 2024.

Operational Metrics

• Operating and Formation Costs: For the three months ended September 30, 2025, the costs were $521,377, compared to $1,285,296 for the same period in 2024. For the nine months ended September 30, 2025, the costs were $1,713,139, compared to $2,281,181 for the same period in 2024.
• Net Loss: For the three months ended September 30, 2025, the net loss was - $275,968, compared to - $1,120,388 for the same period in 2024. For the nine months ended September 30, 2025, the net loss was - $1,525,451, compared to - $861,565 for the same period in 2024.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used was - $740,853, compared to - $789,823 for the same period in 2024.
• Net Cash Provided by Investing Activities: For the nine months ended September 30, 2025, net cash provided was $25,228,678, compared to $133,609,215 for the same period in 2024.
• Net Cash Used in Financing Activities: For the nine months ended September 30, 2025, net cash used was - $24,407,898, compared to - $132,704,348 for the same period in 2024.

Unique Metrics

• Warrant Liabilities: As of September 30, 2025, the warrant liabilities were valued at $2,071,199, compared to $2,170,651 as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to complete an Initial Business Combination by July 30, 2026, using funds from the Trust Account and potential additional financing. The company is focused on identifying a target company for a business combination and completing the necessary steps to finalize the transaction.
• Non-Core Business: The company has entered into various agreements to secure funding for working capital and extension payments, including a subscription agreement with an investor to raise up to $1,500,000.