IPO and Financial Proceeds - The company completed its Initial Public Offering (IPO) on June 20, 2025, raising gross proceeds of $200 million from the sale of 20 million Public Units at $10.00 each[110]. - The company incurred total fees of $12,624,206 related to the IPO, which included a cash underwriting fee of $4 million and a deferred underwriting fee of $8 million[116]. Financial Performance - As of September 30, 2025, the company reported net income of $1,898,982 for the three months ended September 30, 2025, primarily from interest earned on investments held in the Trust Account[115]. - The company has not generated any operating revenues to date and will not do so until after the completion of its initial Business Combination[114]. - The company incurred general and administrative expenses of $185,417 for the three months ended September 30, 2025[115]. - Net income per Ordinary Share is calculated by dividing net income applicable to shareholders by the weighted average number of Ordinary Shares outstanding, applying the two-class method[134]. Trust Account and Investments - The Trust Account held investments totaling $202,265,853 as of September 30, 2025, including approximately $2,265,853 of interest earned and accrued[118]. - The company has no long-term debt or capital lease obligations as of September 30, 2025[126]. Business Combination and Liquidation - The company has until June 20, 2027, to complete its Business Combination, or it will liquidate and redeem Public Shares at a price equal to the amount in the Trust Account[112]. - The company may seek to extend the Combination Period by amending its Articles, which would require approval from Public Shareholders[113]. - 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[130]. Working Capital - As of September 30, 2025, the company had working capital of $948,419, which is used for identifying and evaluating target businesses[120]. Equity Classification - Class A Ordinary Shares subject to possible redemption are classified as temporary equity and presented at redemption value outside of shareholders' equity[133].
Axiom Intelligence Acquisition Corp 1-A(AXIN) - 2025 Q3 - Quarterly Report