Crane Harbor Acquisition Corp-A(CHAC) - 2025 Q2 - Quarterly Report

Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $1,219,449, primarily from interest earned on cash and investments held in the Trust Account of $1,417,961, offset by formation and administrative costs of $198,512 [106]. - Cash used in operating activities from January 2, 2025, through June 30, 2025, amounted to $468,864, with net income of $1,159,136 affected by interest earned on investments [109]. Initial Public Offering - The company completed its Initial Public Offering on April 28, 2025, raising gross proceeds of $220,000,000 from the sale of 22,000,000 Units at $10.00 per Unit [107]. - The company incurred $13,786,773 in costs related to the Initial Public Offering, which included a cash underwriting fee of $4,400,000 and a deferred underwriting fee of $8,800,000 [108]. Trust Account and Investments - As of June 30, 2025, the company had cash and investments held in the Trust Account totaling $221,417,961, which includes approximately $1,417,961 of interest earnings [110]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination, with remaining proceeds used for working capital and growth strategies [110]. Debt and Financing - The company does not have any long-term debt or capital lease obligations, but incurs a monthly fee of $20,000 for office space and administrative support [115]. - The company does not anticipate needing to raise additional funds for operating expenditures but may require additional financing to complete its Business Combination [113]. - Up to $2,500,000 of loans from the Sponsor or affiliates may be convertible into units at a price of $10.00 per unit, should the lender choose to do so [112]. - The company has not entered into any off-balance sheet financing arrangements or established special purpose entities as of June 30, 2025 [114].