Thu, Nov 14, 11:08 AM (59 days ago)
For the quarter ending September 30, 2024, ESH Acquisition Corp. (ESHA) reported a net income of $1,059,413, marking an increase from $898,220 in the same quarter of 2023. The income primarily stems from interest earned on investments in the Trust Account, totaling $1,588,812, despite general and administrative expenses of $156,771. As of September 30, 2024, total assets reached $125,582,059, with $123,794,068 held in the Trust Account, reflecting a slight increase from $120,000,366 at year-end 2023. The company faces uncertainty regarding its ability to complete a business combination by the deadline of December 16, 2024. If not completed, it may liquidate, impacting its financial viability. Additionally, the company is evaluating risks from economic uncertainties, including inflation and geopolitical tensions. ESH Acquisition Corp. continues to rely on interest income for cash flow and has no operating revenues until a business combination is realized. The firm has sufficient liquidity, with cash reserves of $1,460,218, to support ongoing operational expenses as it seeks a target for acquisition.