Wed, Jun 25, 8:50 PM (19 days ago)
**Summary of Renatus Tactical Acquisition Corp I (RTAC) Q1 2025 Financial Health and Performance** **Overview:** Renatus Tactical Acquisition Corp I (RTAC) is a blank check company incorporated in the Cayman Islands, formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company completed its Initial Public Offering (IPO) on May 16, 2025, raising $241,500,000 from the sale of 24,150,000 units, including the exercise of the underwriters' over-allotment option. Additionally, the company sold 3,821,951 Private Placement Warrants, generating $3,821,591 in gross proceeds. **Financial Performance:** - **Revenue and Profit Margins:** RTAC reported no revenue or net loss for the quarter ended March 31, 2025, as it had not commenced any operations. - **Cash Flow:** The company had no cash or cash equivalents as of March 31, 2025. However, subsequent to the quarter, it placed $242,103,750 in a trust account following the IPO and private placement. - **Earnings Changes:** RTAC incurred $12,213,743 in transaction costs, including underwriting fees and other offering costs. **Quarterly Performance Discussion:** - **Operational Activities:** RTAC's activities during the quarter were limited to organizational tasks and preparations for the IPO. - **Trends and Uncertainties:** The company faces risks related to completing a business combination within the specified timeframe and market volatility due to geopolitical tensions and economic uncertainties. **Future Operations Impact:** - **Liquidity and Capital Resources:** RTAC intends to use the proceeds from the IPO and private placement to identify and evaluate target businesses, perform due diligence, and complete a business combination. - **Contractual Obligations:** The company has contractual obligations related to the underwriting agreement, including deferred fees payable upon the completion of a business combination. **Conclusion:** RTAC is in the early stages of its operational lifecycle, with its financial health and performance heavily dependent on the successful completion of a business combination. The company's ability to generate revenue and achieve profitability will be contingent on its future acquisitions and operational activities post-combination. **Ticker:** RTAC