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

EPS: As of FY2025 Q3, the actual value is USD 0.07.

EBIT: As of FY2025 Q3, the actual value is USD -2.922 M.

Segment Revenue

• The company has not commenced any operations and has not generated any operating revenues as of September 30, 2025. The company generates non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering.

Operational Metrics

• Net Income: For the three months ended September 30, 2025, net income was $2,133,281, primarily due to interest income of $2,527,476, offset by general and administrative expenses of $394,195.
• Net Income: For the nine months ended September 30, 2025, net income was $6,348,172, primarily due to interest income of $7,258,722, offset by general and administrative expenses of $910,550.
• Net Loss: For the three months ended September 30, 2024, net loss was $25,805, primarily consisting of general and administrative expenses.
• Net Loss: For the period from June 14, 2024 (inception) through September 30, 2024, net loss was $44,758, primarily consisting of general and administrative expenses.

Cash Flow

• Net Cash Used in Operating Activities: For the nine months ended September 30, 2025, net cash used in operating activities was - $537,562.
• Net Cash Used in Operating Activities: For the period from June 14, 2024 (inception) through September 30, 2024, net cash used in operating activities was $0.

Unique Metrics

• Cash and Marketable Securities Held in Trust Account: As of September 30, 2025, the company had $238,902,575 in cash and marketable securities held in the Trust Account.

Future Outlook and Strategy

• Core Business Focus: The company plans to consummate an initial Business Combination prior to the mandatory liquidation date of June 16, 2026. Management has determined that if the company is unable to complete an initial Business Combination within the Combination Period, then the company will cease all operations except for the purpose of liquidating.
• Non-Core Business: The company entered into a Business Combination Agreement on October 1, 2025, with Avalanche Treasury Corporation and other entities, which includes a Sponsor Support Agreement and Company Unit Subscription Agreements. The company plans to issue and sell approximately $274 million worth of Company Class A units at a price of $10.00 per Subscribed Unit in a private placement.

Priority

• The company intends to use substantially all of the funds held in the Trust Account to complete its Business Combination, including any amounts representing interest earned on the Trust Account, which interest shall be net of taxes payable and excluding deferred underwriting commissions.