Thu, May 15, 10:05 AM (29 days ago)
**Vine Hill Capital Investment Corp. (VCICU) Q1 2025 Financial Summary** **Company Overview:** Vine Hill Capital Investment Corp. (VCICU) is a Cayman Islands exempted company incorporated on May 24, 2024, aiming to complete an initial business combination. The company has not yet commenced operations and is classified as an emerging growth company. **Financial Performance (Q1 2025):** - **Revenue:** $0 (no operating revenue generated). - **Net Income:** $1,854,000, primarily from interest income on investments held in the trust account. - **Earnings per Share (EPS):** $0.06 for both Class A and Class B ordinary shares. - **Cash Flow:** Net cash used in operating activities was $270,000, resulting in a decrease in cash from $1,088,000 to $818,000. - **Expenses:** General and administrative costs were $521,000. **Financial Position:** - **Assets:** Total assets were $227,765,000, with $226,660,000 held in the trust account. - **Liabilities:** Total liabilities were $8,873,000, including deferred underwriting fees and other liabilities. - **Shareholders' Deficit:** The shareholders' deficit increased to $7,768,000 due to accumulated losses. **Key Metrics and Trends:** - **Liquidity:** The company had $818,000 in cash and cash equivalents, with working capital of $534,000. - **Going Concern:** The company faces substantial doubt about its ability to continue as a going concern within one year due to significant costs and uncertainties related to completing an initial business combination. - **Uncertainties:** Geopolitical instability and market volatility pose risks to the company's search for an initial business combination. **Future Operations and Impact:** - **Business Combination:** The company plans to use proceeds from the trust account to complete an initial business combination, with a target enterprise value of at least 80% of the trust account assets. - **Redemption:** If the company does not complete a business combination within 21 months, it will redeem public shares and liquidate. - **Financing:** The company may seek additional working capital from its sponsor or external financing sources if necessary. **Ticker:** VCICU **Conclusion:** Vine Hill Capital Investment Corp. is in the process of identifying and completing an initial business combination. The company's financial health is dependent on successfully executing this strategy within the specified timeframe. The current quarter's performance is primarily driven by non-operating income, with significant expenses and uncertainties impacting the company's going concern status.