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

EPS: As of FY2025 Q3, the actual value is USD -0.01.

EBIT: As of FY2025 Q3, the actual value is USD -194.13 K.

Financial Metrics by Segment

Segment Revenue

• The company has not generated any operating revenues as of September 30, 2025, and does not expect to generate any until after the completion of a Business Combination.

Operational Metrics

• Net Income (Loss):
  • Three months ended September 30, 2025: - $34,853
  • Nine months ended September 30, 2025: - $836,474
  • Three months ended September 30, 2024: $603,904
  • Nine months ended September 30, 2024: $1,760,025
• Formation and Operation Costs:
  • Three months ended September 30, 2025: $144,254
  • Nine months ended September 30, 2025: $1,245,355
  • Three months ended September 30, 2024: $99,012
  • Nine months ended September 30, 2024: $326,266
• Related Party Administrative Fees:
  • Three months ended September 30, 2025: $30,000
  • Nine months ended September 30, 2025: $90,000
  • Three months ended September 30, 2024: $30,000
  • Nine months ended September 30, 2024: $90,000
• Franchise Tax Expense:
  • Three months ended September 30, 2025: $19,880
  • Nine months ended September 30, 2025: $40,080
  • Three months ended September 30, 2024: $16,500
  • Nine months ended September 30, 2024: $50,177
• Income Tax Expense:
  • Three months ended September 30, 2025: $37,056
  • Nine months ended September 30, 2025: $131,298
  • Three months ended September 30, 2024: $194,826
  • Nine months ended September 30, 2024: $578,508
• Interest Income:
  • Three months ended September 30, 2025: $196,337
  • Nine months ended September 30, 2025: $670,259
  • Three months ended September 30, 2024: $944,242
  • Nine months ended September 30, 2024: $2,804,976

Cash Flow

• Operating Cash Flow:
  • Nine months ended September 30, 2025: - $1,877,354
  • Nine months ended September 30, 2024: - $280,826
• Investing Cash Flow:
  • Nine months ended September 30, 2025: $54,843,909
  • Nine months ended September 30, 2024: $0
• Financing Cash Flow:
  • Nine months ended September 30, 2025: - $54,512,224
  • Nine months ended September 30, 2024: $0
• Cash at End of Period:
  • September 30, 2025: $9,068
  • September 30, 2024: $329,359

Unique Metrics

• Investments Held in Trust Account:
  • September 30, 2025: $18,933,453
  • December 31, 2024: $73,115,355

Future Outlook and Strategy

Core Business Focus

• The company intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, and reorganization or similar business combination with one or more businesses or entities in the financial technology industry in Asia.
• The company has entered into an Agreement and Plan of Merger with KM QUAD, a Cayman Islands company, and its parent company Jiujiang Lida Technology Co., Ltd., a film product design and manufacturer in China. The aggregate consideration to be paid to KM QUAD shareholders for the Acquisition Merger is $300 million, payable in newly issued purchaser ordinary shares valued at $10.00 per share.

Non-Core Business

• The company has not commenced any operations as of September 30, 2025, and all activities are related to the company’s formation and the initial public offering (IPO) and subsequent to the IPO, identifying a target company for a Business Combination.

Priority

• The company has extended the date by which it has to consummate a business combination to October 10, 2026, on a month-by-month basis, up to a total of 21 times, by depositing $60,000 into the company’s trust account for each such one-month extension.
• The company has incurred and expects to continue to incur significant professional costs to remain as a publicly traded company and to incur significant transaction costs in pursuit of the consummation of a Business Combination.
• The company has substantial doubt about its ability to continue as a going concern within one year after the date that the financial statements are issued.