Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $74,168, primarily from interest earned on investments[117]. - The company had a net loss of $10,270 for the period from January 30, 2025, through June 30, 2025, due to general and administrative expenses[117]. Initial Public Offering - The company generated gross proceeds of $200,000,000 from the Initial Public Offering of 20,000,000 Public Units at $10.00 per unit[119]. - The company incurred transaction costs of $12,624,206 related to the Initial Public Offering, including a cash underwriting fee of $4,000,000 and a deferred fee of $8,000,000[120]. Trust Account and Cash Position - As of June 30, 2025, the company had cash and investments held in the Trust Account totaling $200,181,454, which includes approximately $181,454 of interest earned[122]. - The company has a working capital deficit of $892,615 as of June 30, 2025[123]. - The company plans to use substantially all funds in the Trust Account to complete its Business Combination and may use remaining proceeds for working capital[122]. - The company has no long-term debt or off-balance sheet arrangements as of June 30, 2025[128]. Future Plans and Costs - The company expects to incur significant costs in pursuing acquisition plans and may need additional financing to complete its Business Combination[113][127]. - The company has entered into an Administrative Services Agreement, incurring fees of $10,000 per month, totaling $497 accrued as of June 30, 2025[129].
Axiom Intelligence Acquisition Corp 1 Unit(AXINU) - 2025 Q2 - Quarterly Report