Total Revenue

Increased from $0 in FY2024 to $0.56 million in Q1 2025

Total Revenue changed as the company began reporting non‐operating revenue in Q1 2025 (at $0.56 million) compared to zero revenue in FY2024 when it was solely in its organizational stage. This is attributable to the transition post-IPO and changes in the nature of its income streams, as previously no operating revenues were generated. " "

Net Income

Shifted from a net loss (approximately –$1,297 in Q1 2024) to $315,350 in Q1 2025

Net Income improved dramatically thanks to a significant boost in investment income—$559,755 in Q1 2025—offsetting increased general and administrative expenses and income tax expense. In contrast, the prior period experienced only modest organizational expenses resulting in a net loss, highlighting the impact of IPO-related activities on profitability. " "

Cash Flow Dynamics

Overall net cash increased by $503,771 in Q1 2025

Cash Flow Dynamics shifted from a period with no significant financing activity to a quarter dominated by IPO proceeds: financing inflows of $81,379,884, nearly offset by investing outflows of $81,097,820 and operating cash used of ($221,707). Previously, the company’s cash flows were driven solely by early organizational costs, whereas Q1 2025 reflects major capital-raising events. " "

Balance Sheet Strength

Total assets surged from $169,035 in FY2024 to $81,824,532 in Q1 2025

Balance Sheet Strength was fundamentally altered by the IPO, as cash held in trust jumped from $0 to $81,097,820, lifting total assets to $81,824,532 while liabilities remained modest at $409,745 and stockholders’ equity turned positive at $316,967. Earlier, the balance sheet was weak with minimal assets and negative equity, but the infusion of funds post-IPO provided a solid financial base. " "

Share Metrics

Weighted average redeemable common shares rose to 5,333,333 (basic) and 5,866,667 (diluted) with EPS of $0.153 (basic) and $0.135 (diluted) in Q1 2025

Share Metrics experienced a significant transformation due to the IPO and private placements, which not only increased the number of publicly traded shares but also introduced new share classifications (redeemable versus non-redeemable). This led to the adjustment in earnings per share calculations and a complete reconfiguration from a founder-only structure in previous periods to a mixed capital base post-IPO. " " " "