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

EPS: As of FY2025, the actual value is USD -0.06.

EBIT: As of FY2025, the actual value is USD -470.02 K.

The company operates as a single segment, therefore, no segmented financial metrics are reported.

Operational Metrics

• Net Income (Loss):
  • For the year ended December 31, 2025, the company reported a net loss of - $224,482.
  • For the year ended December 31, 2024, the company reported a net income of $155,060.
• Loss from Operations:
  • For the year ended December 31, 2025, the loss from operations was - $347,251.
  • For the year ended December 31, 2024, the loss from operations was - $610,857.
• General and Administrative Expenses:
  • For the year ended December 31, 2025, general and administrative expenses amounted to $347,251.
  • For the year ended December 31, 2024, general and administrative expenses amounted to $610,857.
• Interest Earned on Investments Held in Trust Account:
  • For the year ended December 31, 2025, interest earned was $120,460.
  • For the year ended December 31, 2024, interest earned was $754,753.
• Interest Earned in Bank Account:
  • For the year ended December 31, 2025, interest earned was $2,309.
  • For the year ended December 31, 2024, interest earned was $11,164.

Cash Flow

• Net Cash Used in Operating Activities:
  • For the year ended December 31, 2025, net cash used was - $363,076.
  • For the year ended December 31, 2024, net cash used was - $459,004.
• Net Cash Provided by Investing Activities:
  • For the year ended December 31, 2025, net cash provided was $4,078,486, primarily from cash withdrawn from the Trust Account to pay public shareholder redemptions.
  • For the year ended December 31, 2024, net cash provided was $18,165,082, primarily from cash withdrawn from the Trust Account to pay public shareholder redemptions.
• Net Cash Used in Financing Activities:
  • For the year ended December 31, 2025, net cash used was - $3,856,256, which included - $4,078,486 in public shareholder redemptions, offset by $134,230 from promissory notes to the Sponsor and $88,000 from related party advances.
  • For the year ended December 31, 2024, net cash used was - $18,007,244, which included - $18,165,082 in public shareholder redemptions, offset by $157,838 from promissory notes to the Sponsor.

Unique Metrics

• Marketable Securities Held in Trust Account: As of December 31, 2025, the company held $527,330 in marketable securities.
• Cash Outside Trust Account: As of December 31, 2025, the company had $135 in cash outside the Trust Account.
• Working Capital Deficit: As of December 31, 2025, the company had a working capital deficit of - $645,353.
• Promissory Note – Related Party: As of December 31, 2025, an aggregate of $292,068 was outstanding under promissory notes to the Sponsor, compared to $157,838 as of December 31, 2024.

Outlook / Guidance

The company is a blank check company with no operations, aiming to complete a business combination by August 5, 2027. Management faces substantial doubt about the company’s ability to continue as a going concern due to recurring losses, a working capital deficit, and the need for additional financing. The company plans to address this uncertainty through the completion of a business combination and securing financing via Working Capital Loans, though there is no assurance of success.