Tue, May 20, 10:01 AM (29 days ago)
**Yotta Acquisition Corporation (YOTA) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** No operating revenue generated; non-operating income from interest on investments. - **Profit Margins:** Negative; net loss of $307,319 for Q1 2025, compared to $41,580 in Q1 2024. - **Cash Flow:** Net cash used in operating activities was $83,977 for Q1 2025, compared to $782,895 in Q1 2024. - **Earnings Changes:** Increased loss due to higher general and administrative expenses and franchise tax expenses, partially offset by interest income. **Key Metrics and Trends:** - **General and Administrative Expenses:** $346,266 for Q1 2025, up from $114,435 in Q1 2024. - **Interest Income:** $57,000 for Q1 2025, down from $102,594 in Q1 2024. - **Income Tax Provision:** $10,353 for Q1 2025, down from $19,367 in Q1 2024. - **Cash Position:** $73,434 in cash as of March 31, 2025, down from $194,779 at the end of 2024. - **Trust Account:** $5,585,178 in investments held in trust account as of March 31, 2025. **Uncertainties and Future Operations:** - **Business Combination:** Delisting from Nasdaq due to failure to complete a business combination by April 19, 2025. Securities now quoted on OTC Pink Tier. - **Liquidity Concerns:** Uncertainty in completing a business combination by the extended deadline (October 22, 2025). - **Going Concern:** Substantial doubt about the ability to continue as a going concern if a business combination is not completed. - **Inflation Reduction Act:** Potential impact of the 1% excise tax on stock redemptions. **Quarterly Performance Discussion:** - **Operational Activities:** No operational activities; focus on identifying a target business. - **Financial Condition:** Negative cash flow and increasing expenses; reliance on trust account for liquidity. - **Future Outlook:** Uncertainty in completing a business combination; potential need for additional financing. **Ticker:** YOTA (Nasdaq, now OTC Pink Tier)