EPS: As of FY2025 Q1, the actual value is USD 0.01.

Segment Revenue

• The company has not generated any operating revenues to date, as its activities have been focused on organizational tasks and identifying a target company for a business combination.

Operational Metrics

• Net Income: For the three months ended March 31, 2025, the company reported a net income of $83,760, compared to $473,415 for the same period in 2024.
• Formation and Operational Costs: These costs were $519,958 for the three months ended March 31, 2025, compared to $479,858 for the same period in 2024.

Cash Flow

• Operating Cash Flow: Cash used in operating activities was - $409,287 for the three months ended March 31, 2025, compared to - $374,077 for the same period in 2024.
• Cash Held in Trust Account: As of March 31, 2025, the company had $73,567,534 of cash held in the Trust Account.

Unique Metrics

• Interest Earned on Marketable Securities: Interest earned on marketable securities held in the Trust Account was $752,929 for the three months ended March 31, 2025, compared to $858,253 for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to complete a business combination before the mandatory liquidation date of June 29, 2025. However, there is substantial doubt about the company’s ability to continue as a going concern through this date due to liquidity issues.
• Non-Core Business: The company has entered into a business combination agreement with Rosey Sea Holdings Limited, which involves purchasing shares of Zhong Guo Liang Tou Group Limited in exchange for shares of Iron Horse Acquisitions Corp. common stock.

Priority

• The company is focused on completing the business combination and has issued promissory notes to fund extensions for the completion period.