1Operating income was -$1.2M, reflecting pre-business combination costs as the Company pursues an initial acquisition target without operating revenues.
2Net income was -$510.2K, with losses from elevated operating expenses partially offset by trust-related income during the pre-revenue phase.
3Net cash used in operating activities was $258,324, driven by cash requirements for due diligence and administrative functions ahead of a business combination.
4The Company has no long-term debt, capital leases, operating leases, or long-term liabilities, maintaining a clean balance sheet focused on acquisition pursuit.
5Management expects to continue incurring significant costs in pursuit of acquisition plans, with sponsor loans available but not obligated to fund working capital needs.
6No operating revenues were generated, consistent with SPAC structure until completion of an initial business combination at the earliest.