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 held in the Trust Account[117]. - As of June 30, 2025, the company had cash and investments held in the Trust Account totaling $200,181,454, including approximately $181,454 of interest earned[122]. - The company had a working capital deficit of $892,615 as of June 30, 2025[123]. - The company has not generated any operating revenues to date and will not do so until after the completion of its initial Business Combination[116]. 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]. Future Expectations - The company expects to incur increased expenses as a result of being a public company, including legal and compliance costs[116]. - The company plans to use substantially all funds held in the Trust Account to complete its Business Combination and for working capital of the target business[122]. Agreements and Arrangements - The company has an Administrative Services Agreement with the Sponsor, incurring fees of $10,000 per month, totaling $497 accrued as of June 30, 2025[129]. - The company has no off-balance sheet arrangements as of June 30, 2025[128].
Axiom Intelligence Acquisition Corp 1-A(AXIN) - 2025 Q2 - Quarterly Report