Financial Performance - For the three months ended June 30, 2025, the company reported a net income of $2,027,870, consisting of interest earned on investments held in the Trust Account of $2,422,595, offset by formation and operating costs of $394,725 [129]. - For the six months ended June 30, 2025, the company had a net income of $4,241,875, which included interest earned on investments of $4,709,197 and a change in fair value of over-allotment liability of $268,783, against formation and operating costs of $736,105 [129]. Investments and Proceeds - As of June 30, 2025, the company had investments held in the Trust Account amounting to $236,176,471, which are intended to be used for the Business Combination [137]. - The company generated gross proceeds of $200,000,000 from the Initial Public Offering of 20,000,000 Units at $10.00 per Unit on December 16, 2024 [132]. - Following the full exercise of the over-allotment option, an additional $30,000,000 was generated, bringing total gross proceeds to $231,150,000 placed in the Trust Account [134]. - The company incurred $5,328,515 in offering expenses, which included $4,600,000 in cash underwriting fees [134]. Operational Resources - As of June 30, 2025, the company had cash of $618,822 available for operational activities and due diligence on prospective target businesses [140]. - The company expects to incur significant costs in pursuit of its acquisition plans and lacks sufficient financial resources to sustain operations for a reasonable period [142]. Advisory and Strategic Plans - The company has engaged B. Riley as an advisor for the Business Combination, with a fee of 4.5% of the gross proceeds of the Initial Public Offering payable upon consummation [146]. - The company may seek to extend the combination period beyond the initial 24 months, which requires approval from public shareholders [127].
Roman DBDR Acquisition Corp II(DRDBU) - 2025 Q2 - Quarterly Report