Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,137,767, consisting of interest earned on investments held in the Trust Account of $2,651,071, offset by formation and operating costs of $513,304[115]. - For the nine months ended September 30, 2025, the company had a net income of $6,379,642, which included interest earned on investments of $7,360,268 and a change in fair value of over-allotment liability of $268,783, offset by formation and operating costs of $1,249,409[116]. Investments and Cash Position - As of September 30, 2025, the company had investments held in the Trust Account amounting to $238,827,542, which will be used to complete the Business Combination[126]. - As of September 30, 2025, the company had cash of $323,684 available for operational activities and evaluating target businesses[127]. 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[119]. - Following the full exercise of the over-allotment option, the company received an additional gross proceeds of $30,000,000 from the sale of 3,000,000 Units[120]. - The company incurred total offering expenses of $5,328,515, which included $4,600,000 in cash underwriting fees[121]. Business Combination and Future Plans - The company expects to continue incurring significant costs in pursuit of its acquisition plans, raising substantial doubt about its ability to continue as a going concern[129]. - The company has engaged B. Riley as an advisor for the Business Combination, agreeing to pay a cash fee of 4.5% of the gross proceeds of the Initial Public Offering upon consummation of the initial Business Combination[133]. - The company may seek to extend the combination period, which is currently set to end on December 16, 2026, requiring approval from public shareholders[113].
Roman DBDR Acquisition Corp II(DRDBU) - 2025 Q3 - Quarterly Report