Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,656,637, primarily from interest income of $2,809,784 on investments held in the Trust Account, offset by operating costs of $153,147[112]. - For the nine months ended September 30, 2025, the company achieved a net income of $3,474,890, with interest income of $3,779,851 and operating costs totaling $304,961[112]. - Cash used in operating activities for the nine months ended September 30, 2025, was $497,761, with net income impacted by interest earned on marketable securities[117]. Initial Public Offering - The company completed its Initial Public Offering on May 23, 2025, raising gross proceeds of $253,000,000 from the sale of 25,300,000 Units, including an Over-Allotment Option[115]. - The company incurred total expenses of $14,529,940 related to the Initial Public Offering, including $5,060,000 in cash underwriting fees and $8,855,000 in deferred underwriting fees[116]. Trust Account and Securities - As of September 30, 2025, the company held marketable securities in the Trust Account amounting to $256,779,851, which includes approximately $3,779,851 of interest income[118]. - The company intends to use funds in the Trust Account primarily to complete its Business Combination and may withdraw interest to pay taxes[118]. Financing and Obligations - The company may need additional financing to complete its Business Combination or if a significant number of Public Shares are redeemed[122]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the Business Combination[122]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025, and has a monthly obligation of $10,000 for office-related expenses[123][124].
Oyster Enterprises II Acquisition Corp Unit(OYSEU) - 2025 Q3 - Quarterly Report