PACHULOW SIGNALFINANCIAL10-Q

PACHU reported a modest decline in cash position from $945K to $821K while maintaining its pre-operational status as a SPAC with $255.9M held in trust.

The 13% decrease in operating cash reflects typical pre-merger expenses for a special purpose acquisition company that has not yet commenced business operations. The substantial trust account balance of nearly $256M remains the key asset supporting the company's acquisition strategy and provides adequate liquidity for pursuing merger opportunities.

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

The company's financial position remains largely stable with operating cash declining modestly to $821K from $945K in the prior quarter. The trust account assets grew slightly to $255.9M from $253.2M, likely due to money market fund income. Overall, the balance sheet reflects a typical SPAC in the pre-merger phase with adequate capital resources and minimal operating expenses.

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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