EGHAULOW SIGNALOPERATIONAL10-Q

EGHAU updated its quarterly reporting period and provided more detailed disclosure about its private placement structure and ongoing business combination search process.

The changes reflect routine quarterly reporting updates for this SPAC, with slightly more granular disclosure about the private placement participants and ongoing target identification activities. The company remains in its pre-business combination phase with no material operational developments.

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

The company's financial position remains stable for a SPAC in the target identification phase. Net income grew meaningfully, while current assets declined modestly. The overall financial picture reflects normal SPAC operations with trust account earnings and minimal operating expenses as the company continues searching for acquisition targets.

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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