1Net income declined to -$553.6K in FY2025, representing a 160.0% decrease from the prior year's profit of $923.1K, reflecting the financial impact of ongoing operational activities.
2The company's ability to find an attractive target business could be materially affected by decreased demand for spending in certain industries, creating headwinds for its business combination strategy.
3Management acknowledges the need to raise additional capital through loans or investments from its Sponsor, shareholders, officers, directors, or third parties to complete a business combination.
4The company expects to continue incurring significant costs in pursuit of its acquisition plans, which may require additional measures to conserve liquidity if capital cannot be raised.
5Financial statements were prepared assuming the company will continue as a going concern, though management recognizes potential liquidity challenges that could impact operations.