Spark I Acquisition - Unit | 10-Q: FY2025 Q2 EPS: USD 0.06

EPS: As of FY2025 Q2, the actual value is USD 0.06.

Segment Revenue

• The company has not generated any operating revenues as of June 30, 2025, and will not do so until after the completion of an initial Business Combination.

Operational Metrics

• Net income for the three months ended June 30, 2025, was $362,583, compared to $870,843 for the same period in 2024.
• Net income for the six months ended June 30, 2025, was $904,912, compared to $1,641,221 for the same period in 2024.
• Total expenses for the three months ended June 30, 2025, were $763,867, compared to $470,191 for the same period in 2024.
• Total expenses for the six months ended June 30, 2025, were $1,341,232, compared to $1,026,123 for the same period in 2024.

Cash Flow

• Net cash used in operating activities for the six months ended June 30, 2025, was - $973,575, compared to - $932,964 for the same period in 2024.
• Net cash provided by financing activities for the six months ended June 30, 2025, was $1,700,000.

Unique Metrics

• The company had $109,172,314 in investments held in the Trust Account as of June 30, 2025.

Future Outlook and Strategy

• Core Business Focus: The company is actively negotiating the terms of a binding business combination agreement with Kneron, a leading provider of full stack edge AI solutions.
• Non-Core Business: The company has not commenced any operations and is focused on completing a Business Combination by September 29, 2026, as extended at the extraordinary general meeting of shareholders held on July 8, 2025.