AESP · Aeon Acquisition I Corp.

Liquidity and Capital Resources

Financial Performance

For FY2025, the Company reported a net loss of $43.8K under GAAP. This loss arises entirely from pre-operational activities: legal, accounting, and administrative expenses associated with formation, SEC registration, and preparation for a business combination. There is no revenue, no cost of goods sold, and no operating income — consistent with the Company’s status as a blank check entity in the pre-acquisition phase. Diluted EPS is $0.00, which reflects GAAP treatment where no common shares are issued and outstanding that would bear earnings or losses; the calculation does not allocate loss to founder shares or subscription receivables, as those instruments do not meet the criteria for inclusion in the diluted EPS denominator.

Operational Status

No unaudited quarterly operating data is included in this Report, as we have conducted no operations to date. This is not a temporary pause but the defining condition of the reporting period: the Company exists solely to identify and complete an initial business combination. All management commentary on operational readiness, internal controls assessment, and due diligence planning refers prospectively to target businesses — not to any current operating activity.

Outlook and Forward-Looking Context

The Company expects to continue incurring significant costs in pursuit of its financing and acquisition plans. These include legal, accounting, and advisory fees related to identifying, evaluating, and negotiating a business combination — expenses that will likely increase as the search advances. While sponsor financing has provided sufficient runway to date, the scale and timing of future drawdowns depend on the pace of deal activity and regulatory milestones. Internal control evaluation remains prospective: we will assess and, if necessary, implement controls only after a target business is identified and prior to closing the combination.