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 totaling $238,827,542, which are intended to be used for completing the Business Combination [126]. - As of September 30, 2025, the company had cash of $323,684, primarily used for identifying and evaluating target businesses [127]. - The company has no long-term debt or capital lease obligations as of the reporting date [130]. 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 generated an additional $30,000,000 from the sale of 3,000,000 Units at $10.00 per Unit [120]. - The company incurred $5,328,515 in offering expenses, which included $4,600,000 in cash underwriting fees and $728,515 in other offering costs [121]. Business Combination and Advisory - 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]. Going Concern - 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].
Roman DBDR Acquisition Corp II-A(DRDB) - 2025 Q3 - Quarterly Report