Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $3,011,127, with investment income of $3,189,092 and an operational loss of $177,965[98]. - For the nine months ended September 30, 2025, the company achieved a net income of $7,527,658, driven by investment income of $8,073,457, offset by an operational loss of $545,799[98]. - Cash used in operating activities for the nine months ended September 30, 2025, was $715,102, influenced by interest earned and operational costs[102]. - The company has not generated any operating revenues to date and will not do so until after completing its initial Business Combination[97]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on February 6, 2025, raising gross proceeds of $287,500,000 from the sale of 28,750,000 Units at $10.00 per Unit[100]. - Following the IPO and the sale of Private Placement Units, a total of $288,937,500 was placed in the Trust Account, with IPO-related costs amounting to $16,427,868[101]. - The underwriters received a cash underwriting discount of 2.00% of the gross proceeds from the IPO, totaling $5,750,000, with an additional deferred discount of 3.5% payable upon the closing of an initial Business Combination[108]. Investments and Assets - As of September 30, 2025, the company held investments in the Trust Account valued at $297,010,957, compared to $0 as of December 31, 2024[104]. Debt and Obligations - The company has no long-term debt or capital lease obligations, but incurs a monthly fee of $25,000 for office space and administrative support[107]. - The company may utilize up to $1,500,000 of Working Capital Loans, which can be converted into private placement units at the lender's option[106].
K&F Growth Acquisition Corp II-A(KFII) - 2025 Q3 - Quarterly Report