PACHLOW SIGNALFINANCIAL10-Q

PACH reported a modest decline in cash reserves from $945K to $821K while maintaining its pre-operational SPAC status.

The 13% decrease in cash and cash equivalents reflects typical operational expenses for a SPAC that has not yet completed a business combination. The company continues to hold substantial assets of approximately $256 million in its trust account, indicating adequate capital for potential acquisition activities.

Comparing 2025-11-14 vs 2025-08-14View on EDGAR →
FINANCIAL ANALYSIS

PACH's financial position shows a routine quarterly decline in operating cash from $945K to $821K, consistent with ongoing operational expenses for a pre-revenue SPAC. The working capital position improved slightly, moving from a $948K surplus to an $803K surplus. Overall, the financial picture reflects normal SPAC operations with substantial trust account assets remaining available for business combination activities.

FINANCIAL STATEMENT CHANGES
Cash & Equivalents
Balance Sheet
-13.1%
$945K→$821K

Cash decreased 13.1% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2025-11-14
PRIOR — 2025-08-14
ADDED
As of September 30, 2025, and December 31, 2024, there were 6,325,000 Class B ordinary shares outstanding (see Notes 6 and 8).
As of September 30, 2025, and December 31, 2024, there were 6,325,000 Class B ordinary shares outstanding (see Notes 6 and 8).
As of September 30, 2025, the Company had not yet commenced operations.
8 Liquidity and Capital Sources As of September 30, 2025 and December 31, 2024, the Company had a cash balance of $ 820,826 and $ 25,092 , respectively, and a working capital surplus of $ 803,426 and a working capital deficit of $ 200,945 , respectively.
As of September 30, 2025, and December 31, 2024, the Company had $ 820,826 and $ 25,092 , respectively, in cash and cash equivalents.
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REMOVED
As of June 30, 2025, the Company had not yet commenced operations.
8 Liquidity and Capital Sources As of June 30, 2025, and December 31, 2024, the Company had a cash balance of $ 944,919 and $ 25,092 respectively, and a working capital surplus of $ 948,020 and a working capital deficit of $ 200,945 respectively.
As of June 30, 2025, and December 31, 2024, the Company had $ 944,919 and $ 25,092 , respectively, in cash and cash equivalents.
At June 30, 2025, the assets held in the Trust Account of $253,187,419 were held in money market funds.
As of June 30, 2025, and December 31, 2024, the Sponsor had an outstanding balance payable to the Company of $ 28,601 and $ 0 respectively.
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