Cantor Equity Partners I Inc-A(CEPO) - 2025 Q1 - Quarterly Report

IPO and Fundraising - The company completed its Initial Public Offering (IPO) on January 8, 2025, raising $200 million by issuing 20 million Class A ordinary shares at $10.00 per share[101]. - The company also raised an additional $5 million through a private placement of 500,000 Class A ordinary shares at the same price[102]. Financial Position - As of March 31, 2025, the company had approximately $200.5 million in cash equivalents and $650,000 in cash held in the Trust Account[120]. - The company has a working capital deficit of approximately $299,000 as of December 31, 2024, which improved to a working capital of approximately $196,000 by March 31, 2025[108]. - As of March 31, 2025, there are 20,000,000 Class A ordinary shares subject to possible redemption, classified as temporary equity[123]. - There are no off-balance sheet arrangements or contractual obligations as of March 31, 2025[126]. Business Operations - For the three months ended March 31, 2025, the company reported a net income of approximately $993,000, primarily from $1.186 million in interest income[113]. - The company has not generated any operating revenues to date and will not do so until after the completion of the Business Combination[112]. Business Combination Plans - The company has until January 8, 2027, to complete a Business Combination, or it will liquidate and redeem public shares at a price equal to the amount in the Trust Account[104]. - The company has engaged Cantor Fitzgerald & Co. for advisory services related to the Business Combination, with a fee of $7 million payable upon consummation[116]. - The Sponsor has committed to provide up to $1.75 million in loans to cover transaction costs related to the Business Combination[109]. - The company is focusing its search for target businesses in the financial services, healthcare, real estate services, technology, and software industries[100]. Accounting and Reporting - The company has elected not to opt out of the extended transition period under the JOBS Act, allowing it to adopt new or revised financial accounting standards at the same time as private companies[122]. - The company applies the two-class method for calculating earnings per share, allocating net income pro rata to different classes of shares[124]. - The company is classified as a smaller reporting company and is not required to provide additional market risk disclosures[127].