Thu, May 15, 9:03 PM (65 days ago)
**Unite Acquisition 3 Corp. (UAQ3) Q1 2025 Financial Summary** **Company Overview:** Unite Acquisition 3 Corp. (UAQ3) is a Delaware-based shell company focused on acquiring a target business to achieve long-term growth. It is classified as an "emerging growth company" and a "smaller reporting company." **Financial Performance (Q1 2025 vs. Q1 2024):** - **Revenue:** No revenue generated in either period. - **Net Loss:** Increased from $51,304 in Q1 2024 to $61,662 in Q1 2025. - **Operating Expenses:** Increased from $51,304 to $53,525, primarily due to higher accounting, legal, and administrative costs. - **Cash Flow:** Net cash used in operating activities was $10,960 in Q1 2025, compared to no cash flow in Q1 2024. - **Cash Position:** Decreased from $29,180 to $18,220. - **Liabilities:** Increased from $286,287 to $336,989, primarily due to accrued interest and accounts payable. **Profit Margins:** Not applicable due to the lack of revenue. **Earnings Changes:** The company reported a higher net loss in Q1 2025 compared to Q1 2024, primarily due to increased operating expenses. **Trends and Uncertainties:** - UAQ3 continues to operate as a shell company with no revenue-generating activities. - The company's ability to continue as a going concern is dependent on finding a suitable acquisition target and securing additional financing. - UAQ3 faces substantial doubt about its ability to continue operations due to its working capital deficit and accumulated deficit. - The company's management plans to continue efforts to locate acquisition candidates and secure additional funding. **Future Operations and Impact:** - UAQ3 expects to incur approximately $167,000 in expenses over the next 12 months related to legal, accounting, audit, and other professional service fees, as well as interest expenses. - The company's ability to continue operations is dependent on its success in finding an acquisition target and securing additional financing. - UAQ3 may consider targets in various industries and stages of development, which could present additional risks and uncertainties. **Ticker:** UAQ3 **Note:** Amounts are in thousands (000s) unless otherwise stated.