Titan Acquisition Corp-A(TACH)
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Titan Acquisition Corp-A(TACH) - 2025 Q3 - Quarterly Report
2025-11-13 21:06
☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 or (State or other jurisdiction of incorporation or organization) 131 Concord Street (Address of principal executive offices) (Zip C ...
Titan Acquisition Corp-A(TACH) - 2025 Q2 - Quarterly Report
2025-08-18 20:10
IPO and Fundraising - The company completed its IPO on April 10, 2025, raising gross proceeds of $276 million from the sale of 27,600,000 Units at $10.00 per Unit, including 3,600,000 Units from the underwriters' over-allotment option [122]. - The company also raised an additional $8.11 million from the private placement of 8,110,056 warrants at $1.00 per warrant, bringing total offering proceeds to approximately $284.11 million [122][129]. - The company has placed $277.38 million of the net proceeds from the IPO and private placement into a Trust Account, which will be used to complete its initial business combination [123][131]. Financial Performance - As of June 30, 2025, the company reported a net income of $2.63 million for the three months ended June 30, 2025, compared to a net loss of $45,049 for the same period in 2024 [125]. - For the six months ended June 30, 2025, the company had a net income of $2.55 million, compared to a net loss of $123,266 for the same period in 2024 [126]. - The company has not engaged in any operations or generated revenues to date, with future income expected to come from interest on cash and cash equivalents held in the Trust Account [124]. Operational Expenses and Liquidity - The company expects to incur increased expenses as a public company, including legal, financial reporting, and due diligence costs, following the IPO [124]. - The company anticipates primary liquidity requirements of approximately $300,000 for legal and accounting expenses, $36,000 for regulatory reporting, and $1.425 million for general working capital [137]. - The company has approximately $1.03 million of proceeds held outside the Trust Account available for operational expenses and due diligence related to potential business combinations [134]. - The company does not anticipate needing to raise additional funds after the current offering to meet operational expenditures [139]. Business Combination and Risks - The company has not selected any business combination target and has not initiated substantive discussions with any potential targets [115]. - There is a risk that actual costs for identifying a target business and conducting due diligence may exceed estimates, potentially leading to insufficient funds for operations [139]. Accounting and Reporting - As of June 30, 2025, the company did not have any off-balance sheet arrangements or commitments [140]. - The company has no long-term debt or capital lease obligations, with a monthly payment of $30,000 for office space and administrative support starting from April 10, 2025 [141]. - The company has not conducted any operations to date, resulting in no unaudited quarterly operating data being included in the financial statements [140]. - Management is required to make estimates and assumptions that could materially affect reported amounts, but as of June 30, 2025, there are no critical accounting estimates to disclose [142]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures [143].
Titan Acquisition Corp-A(TACH) - 2025 Q1 - Quarterly Report
2025-05-23 21:13
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-42590 Titan Acquisition Corp (Exact name of registrant as specified in its charter) Cayman Islands N/A (S ...