Financial Performance - The company reported a net income of $1,820,558 for the three months ended September 30, 2025, primarily from investment income of $2,068,698, offset by operating expenses of $248,140[109]. - Cash used in operating activities from inception through September 30, 2025, was $631,817, with net income impacted by interest earned on Trust Account investments[114]. Initial Public Offering (IPO) - The initial public offering (IPO) generated gross proceeds of $200,000,000 from the sale of 20,000,000 units at $10.00 per unit[111]. - Following the IPO, a total of $200,000,000 was placed in the Trust Account, with transaction costs amounting to $2,105,782[113]. - Cash provided by financing activities during the same period was $201,031,588, reflecting proceeds from the IPO and Private Placement, net of offering costs[115]. Trust Account and Investments - As of September 30, 2025, the company held investments in the Trust Account totaling $202,068,698, intended for the initial business combination[116]. - The company intends to use funds held outside the Trust Account primarily for identifying and evaluating target businesses[117]. Debt and Financing - The company has no long-term debt or capital lease obligations as of September 30, 2025[121]. - The Working Capital Convertible Note issued to the Sponsor has a principal amount of up to $840,000, convertible into Class A ordinary shares at a specified price[123]. - The company does not anticipate needing to raise additional funds for operating expenditures prior to the initial business combination[119].
Vendome Acquisition Corp I Unit(VNMEU) - 2025 Q3 - Quarterly Report