EPS: As of FY2025 Q1, the actual value is USD -0.38.

Segment Revenue

• Class A Ordinary Shares Subject to Possible Redemption: $16,311,760 as of March 31, 2025, compared to $16,053,202 as of December 31, 2024.

Operational Metrics

• Net Loss: The company reported a net loss of $2,061,897 for the three months ended March 31, 2025, compared to a net income of $148,092 for the same period in 2024.
• Operating Expenses: Total operating expenses were $407,611 for the three months ended March 31, 2025, compared to $566,250 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $70,664 for the three months ended March 31, 2025, compared to $9,799 for the same period in 2024.
• Net Cash Used in Investing Activities: -$260,678 for the three months ended March 31, 2025, compared to -$656,943 for the same period in 2024.
• Net Cash Provided by Financing Activities: $110,000 for the three months ended March 31, 2025, compared to $600,000 for the same period in 2024.

Unique Metrics

• Loss on Extinguishment of Debt: $1,822,844 for the three months ended March 31, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to complete its initial business combination by the extended termination date of July 18, 2025, with a focus on using funds from the trust account to finance operations and pursue growth strategies.
• Non-Core Business: The company has entered into a merger agreement with Fusemachines Inc., with plans to merge and re-domicile as a Delaware corporation, and has secured financing to support this transaction.