$GFUZ
General Fusion Group Ltd.
CIK:0002074850|SEC Filings
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS |
3 Months Ended |
|---|---|
|
Mar. 31, 2026
USD ($)
$ / shares
shares
| |
| General and administrative expenses | $ 182,183 |
| Loss from operations | (182,183) |
| Other income (expense): | |
| Change in fair value of subscription agreement liability | (13,854,870) |
| Interest earned on investments held in Trust Account | 2,046,520 |
| Other expense | (11,808,350) |
| Net loss | $ (11,990,533) |
| Class A ordinary shares subject to possible redemption | |
| Other income (expense): | |
| Basic weighted average shares outstanding | shares | 23,000,000 |
| Diluted weighted average shares outstanding | shares | 23,000,000 |
| Basic net loss | $ / shares | $ (0.39) |
| Diluted net loss | $ / shares | $ (0.39) |
| Class B ordinary shares | |
| Other income (expense): | |
| Basic weighted average shares outstanding | shares | 7,666,667 |
| Diluted weighted average shares outstanding | shares | 7,666,667 |
| Basic net loss | $ / shares | $ (0.39) |
| Diluted net loss | $ / shares | $ (0.39) |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
3 Months Ended |
|---|---|
|
Mar. 31, 2026
USD ($)
| |
| Cash Flows from Operating Activities: | |
| Net loss | $ (11,990,533) |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Change in fair value of subscription agreement liability | 13,854,870 |
| Interest earned on investments held in Trust Account | (2,046,520) |
| Changes in operating assets and liabilities: | |
| Prepaid expenses and other current assets | (57,079) |
| Long-term prepaid insurance | 20,217 |
| Accrued expenses | (1,066) |
| Net cash used in operating activities | (220,111) |
| Cash Flows from Investing Activities: | |
| Investment of cash in Trust Account | 140,482 |
| Net cash provided by investing activities | 140,482 |
| Cash Flows from Financing Activities: | |
| Due from Sponsor | (4,800) |
| Net cash used in financing activities | (4,800) |
| Net Change in Cash and Cash Equivalents | (84,429) |
| Cash and Cash Equivalents - Beginning of period | 749,812 |
| Cash and Cash Equivalents - End of period | $ 665,383 |