Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $1,437,118, primarily from interest earned on marketable securities held in the Trust Account amounting to $1,589,800[124]. - For the six months ended June 30, 2025, the company had a net income of $2,418,144, which included interest earned of $2,553,825 and a change on overallotment liability of $221,454[124]. - Cash used in operating activities for the six months ended June 30, 2025, was $448,021, with net income impacted by interest earned and operational costs[127]. Marketable Securities - As of June 30, 2025, the company had marketable securities in the Trust Account totaling $153,603,825, including $2,553,825 of interest income[129]. - The company plans to use substantially all funds in the Trust Account to complete its Business Combination, with the remaining proceeds allocated for working capital[129]. Initial Public Offering Costs - The company incurred total costs of $8,782,919 related to the Initial Public Offering, which included a cash underwriting fee of $3,000,000 and a deferred underwriting fee of $5,250,000[128]. - The underwriters were entitled to an aggregate underwriting discount of $3,000,000, paid upon the closing of the Initial Public Offering[135]. Financial Resources and Concerns - The company lacks sufficient financial resources to sustain operations for a reasonable period, raising substantial doubt about its ability to continue as a going concern[132]. - The company has no off-balance sheet financing arrangements or long-term liabilities other than a monthly agreement for office space and administrative support[133]. Cash Position - The company had cash of $484,043 as of June 30, 2025, intended for identifying and evaluating target businesses and related due diligence[130].
Stellar V Capital Corp-A(SVCC) - 2025 Q2 - Quarterly Report