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, with total formation and operating costs of $736,105[129]. Investments and Assets - 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]. - As of June 30, 2025, the company had cash of $618,822 available for operational activities and due diligence on prospective target businesses[140]. Initial Public Offering - 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, the company generated an additional $30,000,000 from the sale of 3,000,000 Units at $10.00 per Unit on January 27, 2025[133]. - The company incurred total offering expenses of $5,328,515, which included $4,600,000 in cash underwriting fees[134]. Business Combination Plans - The company expects to continue incurring significant costs in pursuit of its acquisition plans, raising concerns about its ability to sustain operations for a reasonable period[142]. - The company has engaged B. Riley as an advisor for the Business Combination, agreeing to pay a fee of 4.5% of the gross proceeds of the Initial Public Offering upon completion of the Business Combination[146]. - The company may seek to extend the combination period, which is currently set to expire on December 16, 2026, requiring approval from public shareholders[127].
Roman DBDR Acquisition Corp II-A(DRDB) - 2025 Q2 - Quarterly Report