Tue, May 20, 10:04 AM (24 days ago)
**ESH Acquisition Corp. (ESHA) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Cash Position:** $923,433 (unrestricted) + $356,657 (restricted) = $1,280,090 total cash. - **Investments:** $8,251,810 held in Trust Account. - **Total Assets:** $9,737,055. - **Total Liabilities:** $1,642,124. - **Stockholders' Equity:** ($185,366) deficit. **Revenue & Profit Margins:** - **Q1 2025:** Net loss of $227,688. - Operating costs: $273,943. - Interest income: $86,251. - Effective tax rate: (6.06)%. - **Q1 2024:** Net income of $1,139,101. - Interest income: $1,565,317. - Effective tax rate: 12.5%. **Cash Flow:** - **Q1 2025:** Net cash used in operating activities: $383,406. - **Q1 2024:** Net cash provided by operating activities: $20,103. **Earnings Changes & Trends:** - **Q1 2025 vs. Q1 2024:** Significant decrease in net income due to lower interest income and higher operating costs. - **Future Operations:** Dependent on completing an Initial Business Combination (IBC) by December 16, 2025. **Uncertainties & Risks:** - **Going Concern:** Substantial doubt about the ability to continue as a going concern if IBC is not completed by December 16, 2025. - **Market Risks:** Global economic uncertainty, rising interest rates, high inflation, and geopolitical conflicts may negatively impact financial position and IBC search. - **Listing Risk:** Nasdaq listing may be delisted if the market value of listed securities does not meet the minimum requirement. **Future Operations Impact:** - **IBC:** Must be completed by December 16, 2025, to avoid liquidation and dissolution. - **Funding:** May require additional financing if the costs of identifying a target business and negotiating the IBC are higher than expected. - **Extension Loans:** Sponsor has agreed to fund up to $360,000 in extension loans to extend the IBC deadline. **Ticker:** ESHA (Class A shares), ESHAR (Rights), ESHAU (Units) on the Nasdaq Global Market.