Initial Public Offering - The company completed its Initial Public Offering on October 1, 2025, raising gross proceeds of $460,000,000 from the sale of 46,000,000 Units at $10.00 per Unit, including an over-allotment option of 6,000,000 Units [103]. - A total of $460,000,000 from the Initial Public Offering was placed in a Trust Account, which will be invested in U.S. government treasury obligations with a maturity of 185 days or less [105]. - The company incurred transaction costs of $23,835,700, which included $7,000,000 in cash underwriting fees and $16,100,000 in deferred underwriting fees [104]. Financial Performance - As of September 30, 2025, the company reported a net loss of $20,600 for the three months ended and a total net loss of $71,168 since inception [111]. - The company held cash of $2,000,000 and a working capital deficit of $7,654,068 as of September 30, 2025 [112]. - The company has not generated any operating revenues to date and does not expect to do so until after completing its initial business combination [110]. Use of Funds - The company intends to use funds held outside the Trust Account primarily for identifying and evaluating target businesses and related due diligence [116]. Debt and Obligations - The company has no long-term debt or significant contractual obligations other than a monthly payment of $20,000 to the Sponsor for administrative services [120]. - The company may need to obtain additional financing to complete its business combination or to cover redemptions of public shares [118]. - The company has not engaged in any off-balance sheet arrangements as of September 30, 2025 [119].
Bain Capital GSS Investment(BCSSU) - 2025 Q3 - Quarterly Report