Financial Performance - As of March 31, 2025, the company reported a net income of $407,876, primarily from interest income of $594,603, offset by general and administrative expenses of $186,727[99]. - For the six months ended March 31, 2025, the company achieved a net income of $949,894, with interest income totaling $1,288,659 and general and administrative expenses of $338,765[100]. Working Capital and Financial Position - The company had cash of $354,762 available for working capital needs as of March 31, 2025, with a working capital of $345,709[106]. - The company has no long-term debt or significant contractual obligations as of March 31, 2025[109]. Business Strategy and Operations - The company intends to use substantially all net proceeds from the IPO to acquire a target business and cover related expenses[103]. - The company has not identified any target business for its initial business combination and is focusing on identifying suitable acquisition candidates[94]. - The company has entered into agreements with financial advisors for potential acquisition targets, with fees contingent on the successful completion of a business combination[107]. Risks and Future Outlook - The company has incurred losses since inception and has no revenue, relying on funds from the IPO and loans from the sponsor to cover operational costs[95]. - The company expects to incur increased expenses as a public company, particularly for legal and compliance costs[98]. - The company has until July 3, 2025, to complete its initial business combination, failing which it will trigger an automatic winding up and liquidation[106].
Eureka Acquisition Corp(EURKU) - 2025 Q2 - Quarterly Report