Thu, May 15, 12:56 PM (34 days ago)
**Agriculture & Natural Solutions Acquisition Corporation (ANSC) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** ANSC reported no operational revenue, as it has not commenced operations. - **Profit Margins:** ANSC reported net income of $4.02 million for Q1 2025, primarily due to interest on cash held in the Trust Account ($3.98 million) and a waiver of legal fees ($2.08 million). - **Cash Flow:** ANSC had a cash balance of $1 as of March 31, 2025. Cash used in operating activities was $0 for Q1 2025. - **Earnings Changes:** Net income decreased by $118,905 from Q1 2024 to Q1 2025, primarily due to a decrease in interest income and an increase in general and administrative expenses. **Quarterly Performance Discussion:** - ANSC's financial performance is primarily driven by non-operating income from interest on the Trust Account. - The company incurred general and administrative expenses of $39,833 in Q1 2025, compared to $551,258 in Q1 2024. - ANSC recognized a waiver of legal fees totaling $2,076,234 in Q1 2025, which is non-recurring in nature. **Trends and Uncertainties:** - ANSC is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, or similar business combination. - The company has until November 13, 2025, to complete a business combination or cease all operations except for liquidation. - ANSC's search for an initial business combination is subject to market volatility, geopolitical risks, and uncertainties related to trade policies. **Future Operations Impact:** - ANSC's ability to complete a business combination within the required timeframe is crucial for its future operations and financial health. - The company may need to obtain additional financing to complete a business combination or redeem public shares. - ANSC's management has determined that the company has access to funds from the Sponsor to meet its working capital needs if a business combination is not consummated. **Ticker:** ANSCU (Units), ANSC (Class A ordinary shares), ANSCW (Warrants)