Mon, May 12, 9:16 PM (68 days ago)
**Charlton Aria Acquisition Corporation (CHARU, CHAR, CHARR) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated as the company has not commenced operations. - **Net Income:** $731,257 for Q1 2025, primarily from interest and dividends on trust account investments. - **Profit Margins:** Not applicable due to lack of revenue. - **Cash Flow:** Net cash used in operating activities was $261,187 for Q1 2025. - **Earnings Changes:** Net income increased from a loss of $20 in Q1 2024 to a gain of $731,257 in Q1 2025. **Key Financial Metrics:** - **Cash and Investments:** $186,232 in cash and $86,769,326 in investments held in trust account as of March 31, 2025. - **Working Capital:** $239,205 as of March 31, 2025. - **Total Assets:** $87,060,843 as of March 31, 2025. - **Total Liabilities and Shareholders' Deficit:** $87,060,843 as of March 31, 2025. **Quarterly Performance Discussion:** - The company's activities for Q1 2025 were limited to organizational activities and searching for a target business for an initial combination. - The company has not generated any operating revenues and relies on non-operating income from trust account investments. - The company expects to incur significant costs in pursuing its acquisition plans. **Trends and Uncertainties:** - The company's ability to complete an initial business combination is uncertain. - The company's liquidity needs are satisfied through proceeds from the public offering and private placements. - The company may need to raise additional funds if its estimates of acquisition costs are inaccurate. **Future Operations Impact:** - The company plans to use funds held outside the trust account to identify and evaluate target businesses. - If the company completes a business combination, it will repay any loans made by insiders or their affiliates. - If the company does not complete a business combination by the combination deadline, it will liquidate and dissolve. **Going Concern Consideration:** - The company's management has substantial doubt about its ability to continue as a going concern within one year after the date of the financial statements. - The company's plans to consummate a business combination may not be successful, raising further doubts about its going concern status.