Tue, Apr 15, 8:34 PM (5 days ago)
**Bukit Jalil Global Acquisition 1 Ltd. (BUJA) - Ticker: BUJA** **Financial Performance:** - **Revenue:** No revenue generated. - **Net Income:** $1,201,415 for 2024, $1,058,806 for 2023. - **Operating Expenses:** $1,187,423 for 2024, $466,670 for 2023. - **Earnings per Share:** $0.79 for 2024, $1.05 for 2023. **Strategic Overview:** - **Business Model:** Blank check company seeking a merger or acquisition. - **Target Industries:** Not limited to a particular industry or geographic location. - **Funding:** $58,362,500 from IPO and private placement, held in a trust account. **Future Outlook:** - **Business Combination:** Proposed merger with GIBO Holdings Limited. - **Timeline:** Extended to April 30, 2025, with monthly extensions. - **Market Position:** Awaiting completion of the business combination. **Risk Factors:** - **Financial Condition:** Substantial doubt about continuing as a going concern. - **Market Risks:** No significant market or interest rate risk. - **Operational Risks:** Dependence on completing a business combination. **Financial Condition:** - **Cash:** $15,265 available for working capital. - **Trust Account:** $32,819,527 held in trust, restricted for business combination or share redemption. - **Liabilities:** $2,818,229 in current liabilities, including deferred underwriters' discount. **Market Position Changes:** - **Shareholders:** 4,941,322 ordinary shares issued and outstanding. - **Trading:** Units, shares, warrants, and rights traded on Nasdaq under symbols BUJAU, BUJA, BUJAW, and BUJAR. **Amendments:** - **Extensions:** Multiple monthly extensions granted, with corresponding notes issued. - **Underwriting Agreement:** Deferred underwriting commission reduced from 2% to 1.6%. - **Trust Agreement:** Amended to reflect extensions and redemption conditions.