Financial Performance - The company reported a net loss of $52,729 for the period from August 11, 2025, through September 30, 2025, primarily due to formation, general, and administrative costs [117]. - The company does not expect to generate operating revenues until after the completion of its business combination [116]. Initial Public Offering (IPO) - The company completed its Initial Public Offering on December 24, 2025, raising gross proceeds of $100,000,000 from the sale of 10,000,000 Public Units at $10.00 each [119]. - Total transaction costs associated with the Initial Public Offering amounted to $5,984,169, which included a cash underwriting fee of $2,000,000 and a deferred underwriting fee of $3,500,000 [120]. - Following the Initial Public Offering, $100,000,000 was placed in the trust account to be used for a future business combination [120]. - The underwriters received a cash underwriting discount of $0.20 per Public Unit, totaling $2,000,000, and a deferred underwriting discount of $0.35 per Public Unit, totaling $3,500,000 [129]. Use of Funds - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and any remaining proceeds for working capital to finance operations of the target business [122]. Financial Position - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025 [126]. - The company has not incurred any Working Capital Loans as of September 30, 2025 [124]. Operational Agreements - The company has entered into an agreement to pay $10,000 per month for office space and administrative support starting December 22, 2025 [128].
Social Commerce Partners Corp(SCPQU) - 2025 Q3 - Quarterly Report