Thu, May 15, 10:06 AM (39 days ago)
**Spring Valley Acquisition Corp. II (SVIIU) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No operating revenue generated as the company has not commenced operations. - **Net Income:** $476,300 loss for Q1 2025, compared to a $1.98 million gain in Q1 2024. - **Expenses:** General and administrative expenses were $172,492 for Q1 2025, down from $250,293 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $233,605 for Q1 2025, compared to $300,907 in Q1 2024. - **Cash Position:** $261,747 in cash as of March 31, 2025, down from $495,352 at the end of 2024. - **Trust Account:** $25,821,677 held in the Trust Account as of March 31, 2025. **Key Metrics and Trends:** - **Shareholder Redemptions:** Significant redemptions occurred, with $142,085,423 redeemed in Q1 2025, leaving 9,880,095 Class A ordinary shares outstanding. - **Share Prices:** The redemption price per share increased to $11.43 in Q1 2025 from $10.85 in Q1 2024. - **Extension Promissory Note:** The company received $1,500,000 from the sponsor under the extension promissory note. **Uncertainties and Future Operations:** - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern due to liquidity issues and the mandatory liquidation date. - **Business Combination:** The company must complete a business combination by October 17, 2025, to avoid liquidation. - **Market Risks:** Geopolitical events and changes in trade policies pose risks to the company's ability to complete a business combination. **Management Discussion:** - **Operational Status:** The company is actively seeking a business combination to generate operating revenues. - **Financial Strategy:** Management plans to complete a business combination prior to the mandatory liquidation date and expects to receive financing from the sponsor or its affiliates. - **Risk Management:** The company is monitoring market risks and uncertainties, including geopolitical events and trade policy changes. **Conclusion:** Spring Valley Acquisition Corp. II is focused on completing a business combination to generate operating revenues and avoid mandatory liquidation. The company faces significant financial challenges and uncertainties but is actively working to secure a viable business combination.