Financial Performance - The company reported a net income of $1,601,840 for the three months ended March 31, 2025, consisting of $1,792,415 in investment income and a loss from operations of $190,575 [102]. - Cash used in operating activities for the three months ended March 31, 2025, was $391,993, with net income affected by interest earned on investments and operational costs [105]. Initial Public Offering (IPO) - The Initial Public Offering (IPO) generated gross proceeds of $287,500,000 from the sale of 28,750,000 Units at $10.00 per Unit, along with an additional $9,227,270 from the sale of 922,727 Private Placement Units [103]. - The company incurred $16,427,868 in IPO-related costs, including $15,812,500 in underwriting fees [104]. Investments and Financial Position - As of March 31, 2025, the company had investments held in the Trust Account totaling $290,729,915, compared to $0 as of December 31, 2024 [106]. - The company has no long-term debt or off-balance sheet arrangements as of March 31, 2025 [110]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business [106]. Obligations and Financing Needs - The company has a contractual obligation to pay an affiliate of an executive officer a monthly fee of $25,000 for office space and administrative support [111]. - The company may need additional financing to complete its Business Combination or if a significant number of Public Shares are redeemed [109]. Accounting Standards - The company has adopted new accounting standards effective July 2, 2024, which may impact segment reporting disclosures [118].
K&F Growth Acquisition Corp II-A(KFII) - 2025 Q1 - Quarterly Report