Financial Performance - As of September 30, 2025, the company reported a net income of $1,359,135 for the three months ended September 30, 2025, primarily from interest earned on marketable securities[109]. - Total cash used in operating activities from inception through September 30, 2025, was $534,547, with net income of $2,117,299 impacted by interest income of $2,394,399[112]. - The company has approximately $152,394,399 in marketable securities held in the Trust Account as of September 30, 2025, including $2,394,399 of interest income[113]. - The company incurred total fees of $9,567,513 related to the IPO, including a cash underwriting fee of $3,000,000 and a deferred fee of $6,000,000[111]. - The company has no long-term debt or capital lease obligations as of September 30, 2025[124]. - Net income (loss) per Ordinary Share is calculated by dividing net income (loss) applicable to shareholders by the weighted average number of Ordinary Shares outstanding[132]. IPO and Business Combination - The company completed its Initial Public Offering (IPO) on May 12, 2025, raising gross proceeds of $150,000,000 from the sale of 15,000,000 Public Units at $10.00 each[103]. - The company has until May 12, 2027, to complete its Business Combination, or it will cease operations and redeem Public Shares[106]. - The Sponsor, directors, and officers have waived their rights to liquidating distributions from the Trust Account for Founder Shares if the initial Business Combination is not completed within the Combination Period[127]. Liquidity and Capital Needs - The company may need to raise additional capital to meet liquidity needs, which raises substantial doubt about its ability to continue as a going concern[118]. - As of September 30, 2025, the company had cash held outside the Trust Account amounting to $961,041, primarily for evaluating target businesses[114]. - The company incurred $125,000 in fees for administrative services from the Sponsor from inception through September 30, 2025[124]. Accounting and Reporting - The FASB issued ASU 2023-07, effective for fiscal years beginning after December 15, 2023, requiring disclosures of significant segment expenses and other segment items[133]. - Management does not anticipate any recently issued accounting standards to materially affect the financial statements[134]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[135]. Equity and Shareholder Information - Class A Ordinary Shares subject to possible redemption are classified as temporary equity and presented at redemption value outside of shareholders' equity[131].
EGH Acquisition Corp Unit(EGHAU) - 2025 Q3 - Quarterly Report