EGHALOW SIGNALMANAGEMENT10-Q

EGHA updated its quarterly filing to reflect the September 30, 2025 period with routine SPAC operational disclosures and modest financial improvements.

This appears to be a standard quarterly update for a Special Purpose Acquisition Company (SPAC) that launched in early 2025. The company continues its search for a business combination target and has not yet commenced operations beyond fundraising and target evaluation activities.

Comparing 2025-11-12 vs 2025-08-08View on EDGAR →
FINANCIAL ANALYSIS

The company's financial position remains relatively stable for a recently-launched SPAC. Net income grew substantially to $1.4M, likely reflecting investment returns on trust account funds, while current assets declined modestly to $1.1M. The overall picture shows a typical SPAC in its target-hunting phase with adequate liquidity and positive returns on invested IPO proceeds.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+68.1%
$808K→$1.4M

Net income grew 68.1% — bottom-line growth signals improving overall business health.

Current Assets
Balance Sheet
-14.1%
$1.3M→$1.1M

Current assets declined 14.1% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2025-11-12
PRIOR — 2025-08-08
ADDED
As of September 30, 2025, the Company had not yet selected any specific Business Combination target with respect to an initial Business Combination with the Company.
As of September 30, 2025, the Company had not commenced any operations.
All activity for the period from January 9, 2025 (inception) through September 30, 2025, relates to the Company s formation, its Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying and evaluating prospective acquisition candidates and activities in connection with the Business Combination.
Financial Group, LLC ( CCM ), a representative of the several underwriters of the Initial Public Offering (the Underwriters ) and Seaport Global Securities LLC ( Seaport , and together with CCM, the Representatives ), a representative of the Underwriters, at a price of $ 10.00 per Private Placement Unit, or $ 5,000,000 in the aggregate (the Private Placement ), as discussed in Note 4.
Of the 500,000 Private Placement Units, the Sponsor purchased 350,000 Private Placement Units and the Representatives purchased 150,000 Private Placement Units.
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REMOVED
1 Unaudited Condensed Balance Sheet as of June 30, 2025 1 Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2025 and the Period from January 9, 2025 (Inception) Through June 30, 2025 2 Unaudited Condensed Statements of Changes in Shareholders Deficit for the Three Months Ended June 30, 2025 and the Period from January 9, 2025 (Inception) Through June 30, 2025 3 Unaudited Condensed Statement of Cash Flows for the Period from January 9, 2025 (Inception) Through June 30, 2025 4 Notes to Unaudited Condensed Financial Statements 5 Item 2.
The Company has not yet selected any specific Business Combination target with respect to an initial Business Combination with the Company.
As of June 30, 2025, the Company had not commenced any operations.
All activity for the period from January 9, 2025 (inception) through June 30, 2025, relates to the Company s formation, its Initial Public Offering (as defined below), and subsequent to the Initial Public Offering, identifying a target company for a Business Combination.
Financial Group, LLC, a representative of the underwriters ( CCM ) and Seaport Global Securities LLC ( Seaport ), a representative of the underwriters, at a price of $ 10.00 per Private Placement Unit, or $ 5,000,000 in the aggregate (the Private Placement ), as discussed in Note 4.
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