LightWave Acquisition Corp Unit(LWACU) - 2025 Q3 - Quarterly Report

Financial Performance - For the three months ended September 30, 2025, the company reported a net income of $2,109,102, driven by earnings on investments held in the Trust Account of $2,253,765 [112]. - From January 22, 2025, through September 30, 2025, the company generated a net income of $1,701,230, with total earnings on investments of $2,352,074 [113]. Initial Public Offering - The company completed its Initial Public Offering on June 26, 2025, raising gross proceeds of $215,625,000 from the sale of 21,562,500 Units at $10.00 per Unit [114]. - The company incurred $12,386,896 in costs related to the Initial Public Offering, including $4,312,500 in cash underwriting fees [115]. Investments and Cash Position - As of September 30, 2025, the company had investments in the Trust Account totaling $217,977,074, primarily in money market funds [117]. - As of September 30, 2025, the company had cash of $902,429 available for operational activities and due diligence on target businesses [118]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025 [121]. Operational Activities - Cash used in operating activities from January 22, 2025, through September 30, 2025, amounted to $398,341, influenced by compensation expenses of $372,000 [116]. - The company plans to utilize substantially all funds in the Trust Account to complete its Business Combination [117]. - The company does not anticipate needing to raise additional funds to meet its operating expenditures within the next year [120].