Financial Performance - The company reported a net loss of $58,024 for the period from August 5, 2025, through September 30, 2025, primarily due to formation, general, and administrative costs [106]. - The company does not expect to generate operating revenues until after the completion of its initial Business Combination [105]. Initial Public Offering - The company completed its Initial Public Offering on January 12, 2026, raising gross proceeds of $287,500,000 from the sale of 28,750,000 Units at $10.00 per Unit [108]. - A total of $287,500,000 was placed in the Trust Account following the Initial Public Offering, with total transaction costs amounting to $16,395,917 [109]. - The underwriters exercised their over-allotment option to purchase an additional 3,750,000 Units at $10.00 per Unit, generating additional capital for the company [117]. Future Financial Obligations - The company expects to incur significant costs related to being a public company and for due diligence expenses in connection with its acquisition plans [104]. - The company intends to use substantially all funds in the Trust Account to complete its Business Combination and for working capital of the target business [111]. - The company may need to obtain additional financing to complete its Business Combination or to address potential redemptions of Public Shares [114]. Administrative Costs - The company agreed to pay the Sponsor up to $20,000 per month for general and administrative services during the 24-month period to complete a Business Combination [116]. - The company has no long-term debt or off-balance sheet arrangements as of September 30, 2025 [115].
Lafayette Digital Acquisition(ZKPU) - 2025 Q3 - Quarterly Report