Initial Public Offering - The Company completed its Initial Public Offering on October 27, 2025, raising gross proceeds of $115,000,000 from the sale of 11,500,000 Units at $10.00 per Unit[101] - An additional $3,800,000 was generated from the sale of 380,000 Private Placement Units at the same price[101] - A total of $115,000,000 from the Initial Public Offering proceeds is held in a Trust Account for future Business Combination[102] - The Company incurred transaction costs of $6,731,306 related to the Initial Public Offering, including $2,300,000 in cash underwriting fees[110] - The underwriters received a total of $4,025,000 as a deferred underwriting discount from the Initial Public Offering[118] Financial Performance - As of September 30, 2025, the Company reported a net loss of $53,897 for the nine months ended, primarily due to formation and administrative costs[106] - For the three months ended September 30, 2025, the Company had a net loss of $43,476[105] - The Company has not generated any revenues to date and does not expect to do so until after completing a Business Combination[104] Use of Funds - The Company intends to use funds in the Trust Account primarily to complete its Business Combination and for working capital of the target business[112] Liabilities - The Company has no off-balance sheet arrangements or long-term liabilities as of September 30, 2025[116]
LaFayette Acquisition(LAFAU) - 2025 Q3 - Quarterly Report