Mon, Apr 7, 7:39 PM (13 days ago)
**Quetta Acquisition Corporation (QETA) - Ticker: QETA** **Financial Performance:** - **Revenue:** No revenue generated to date. - **Net Income:** $2,094,096 for the year ended December 31, 2024, primarily from interest income. - **Operating Expenses:** $623,356 for the year ended December 31, 2024, including administrative fees and franchise tax. **Strategic Overview:** - **Business Model:** Special purpose acquisition company (SPAC) formed to merge with a target business. - **Target Focus:** Prioritizes businesses in Asia, particularly in the financial technology sector. - **Management Team:** Experienced in cross-border transactions and operating businesses in Asia and North America. **Future Outlook:** - **Initial Business Combination:** Seeking to complete a merger with KM QUAD, a film product design and manufacturer in China. - **Extension Period:** Has extended the deadline to complete the business combination to October 10, 2026. - **Market Position:** Aims to leverage management's network and experience to identify high-quality combination targets. **Risk Factors:** - **Market Risks:** Dependence on completing a business combination within the extended period. - **Operational Risks:** Limited revenue and reliance on interest income from the trust account. - **Financial Condition:** $1,554,737 in cash and a working capital deficit of $28,329 as of December 31, 2024. **Market Position Changes:** - **Stock Performance:** Units began trading on Nasdaq under the symbol "QETA" on October 6, 2023. - **Shareholder Matters:** 3,747,748 shares of common stock issued and outstanding as of April 7, 2025. **Key Financial Metrics:** - **Earnings per Share (EPS):** $0.23 for the year ended December 31, 2024. - **Cash Position:** $1,554,737 as of December 31, 2024. **Summary:** Quetta Acquisition Corporation is a SPAC focused on merging with a target business in Asia, particularly in the financial technology sector. The company has extended its deadline to complete the business combination and faces risks related to market and operational factors. The financial condition shows a reliance on interest income and a working capital deficit. The management team's experience and network are key strengths in identifying potential targets.