Oyster Enterprises II Acquisition reported no operating revenue for the period and recorded net income of $5.78437 million, driven primarily by $6.241061 million of interest income on its trust account offset by $0.456691 million of operating costs. For the shorter period from October 9, 2024 through December 31, 2024, the company reported a net loss of $0.047444 million attributable to formation and general administrative expenses. As a SPAC, interest income is classified as non-operating and per-share EPS is determined using the two-class method with interest attributable to redeemable Class A shares considered in that computation.
Financial Highlights
- Revenue: $0 (no operating revenues to date; interest income is classified as non-operating)
- Net Income: $5.78437 million (comprised of $6.241061 million interest income on Trust Account less $0.456691 million operating costs)
- Net Income (Oct 9, 2024–Dec 31, 2024): -$0.047444 million (formation, general and administrative costs)
- Gross Profit: Not reported (no operating revenues or COGS)
- Net Income Per Share: Reported via two-class method; interest income attributable to redeemable Class A used in EPS calculation (per‑share amount not separately stated)
Business Highlights
- Capital Raise & Trust Funding: Completed an initial public offering with $253 million placed in trust alongside a $7.08 million private placement to fund a future business combination.
- Target Focus & Strategy: Actively pursuing business combination targets in artificial intelligence and digital asset/blockchain sectors to complement or disrupt targeted industries.
- Operational Activity: Operating as an early-stage SPAC; costs consist primarily of general and administrative expenses and due diligence while building a deal pipeline.
- Liquidity & Use of Proceeds: Trust funds are invested in short-term U.S. Treasuries; interest earned may be used for taxes and to support post-combination operations.
Original SEC Filing:
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