Fri, May 23, 9:15 PM (31 days ago)
**Titan Acquisition Corp (TACHU) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No revenue generated as Titan Acquisition Corp has not commenced operations. - **Profit Margins:** Reported a net loss of $78,292 for Q1 2025, primarily due to general and administrative expenses. - **Cash Flow:** Positive cash flow from financing activities due to the issuance of Class B ordinary shares to the sponsor, generating $25,000. - **Earnings Changes:** No significant changes in earnings as the company is in the pre-operational phase. **Key Financial Metrics:** - **Cash Balance:** $24,983 as of March 31, 2025. - **Working Capital Deficit:** $790,790 as of March 31, 2025. - **Total Assets:** $509,241 as of March 31, 2025. - **Total Liabilities:** $815,773 as of March 31, 2025. **Quarterly Performance Discussion:** - **Operational Status:** Titan Acquisition Corp is a blank check company incorporated to effect a merger, share exchange, asset acquisition, or similar business combination. - **Initial Public Offering (IPO):** On April 10, 2025, the company consummated its IPO, selling 27,600,000 units, including 3,600,000 units issued pursuant to the exercise of the underwriters’ over-allotment option, at $10.00 per unit, generating gross proceeds of $276,000,000. - **Private Placement:** Simultaneously with the IPO, the company completed the private sale of 8,110,056 warrants, generating gross proceeds of $8,110,056. **Trends and Uncertainties:** - **Business Combination:** The company has not yet identified a target business for its initial business combination. - **Liquidity and Capital Resources:** The company has sufficient funds for working capital needs until at least one year from the date of issuance of these condensed financial statements. - **Future Operations Impact:** The company's ability to complete a business combination within the prescribed time frame is uncertain and may impact its future operations. **Future Outlook:** - **Business Combination:** The company will use substantially all of the funds held in the trust account to complete its initial business combination. - **Risk Factors:** The company faces risks related to its ability to complete a business combination, market conditions, and regulatory requirements.