OYSELOW SIGNALFINANCIAL10-Q

OYSE's quarterly update shows routine period-end adjustments with modestly declining cash position and net income as this pre-revenue SPAC continues seeking acquisition targets.

The company remains in its pre-operational phase as a special purpose acquisition company, with standard quarterly fluctuations in financial metrics. The decline in cash from $1.1M to $935K and corresponding reduction in working capital reflects normal operating expenses during the target identification period.

Comparing 2025-10-31 vs 2025-08-08View on EDGAR →
FINANCIAL ANALYSIS

Net income declined modestly from $2.7M to $2.1M quarter-over-quarter, while current assets decreased from $1.0M to $888K. Current liabilities increased moderately from $118K to $141K, resulting in the overall reduction in working capital, which represents typical cash burn patterns for a SPAC in the pre-acquisition phase.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
-21.5%
$2.7M$2.1M

Net income declined 21.5% — review whether driven by operations, interest costs, or non-recurring items.

Current Liabilities
Balance Sheet
+20.1%
$118K$141K

Current liabilities rose 20.1% — increased short-term obligations, watch current ratio.

Current Assets
Balance Sheet
-11.2%
$1.0M$888K

Current assets declined 11.2% — monitor working capital adequacy and short-term liquidity.

LANGUAGE CHANGES
NEW — 2025-10-31
PRIOR — 2025-08-08
ADDED
As of September 30, 2025, the Company had not commenced any operations.
The Company generates non-operating income in the form of interest income on investments from the proceeds derived from the Initial Public Offering.
As of September 30, 2025, the Company had cash of $ 934,755 and a working capital of $ 1,002,004 .
As of September 30, 2025 and December 31, 2024, the Company had $ 934,755 and $ 0 in cash, respectively, and no cash equivalents.
Unrealized gains and losses resulting from the change in fair value of investments held in the Trust Account are included in interest earned on investments held in the Trust Account in the Company s statements of operations.
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REMOVED
As of March 31, 2025, the Company had not selected any specific Business Combination target and the Company had not, nor had anyone on its behalf, engaged in any substantive discussions, directly or indirectly, with any 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.
The Company will generate non-operating income in the form of interest income on investments from the proceeds derived from the Initial Public Offering (as defined below).
As of June 30, 2025, the Company had cash of $ 1,075,364 and a working capital of $ 1,122,729 .
As of June 30, 2025 and December 31, 2024, the Company had $ 1,075,364 and $ 0 in cash, respectively, and no cash equivalents.
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