JWSMF
Jaws Mustang Acquisition Corp.10.00
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
259.64MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
Jaws Mustang Acquisition swung to a $240,199 net income for Q2 FY2025 ended June 30, 2025, driven by a $372,250 gain from fair-value changes in warrant liabilities that outpaced $139K in general and administrative expenses, a sharp turnaround from Q2 2024's $4.3M profit fueled by larger warrant gains. Yet the six-month YTD net loss widened to $268K from $2.8M last year, as expenses held steady while trust interest dipped to $14K from $322K (derived). Cash outside the trust dwindled to $38K amid $281K operating outflows, offset by $2.9M in related-party debt including promissory notes due at business combination. Extensions pushed the combination deadline to September 4, 2025, or up to December 2026. Sponsors control 99.6% of shares. Delisting from NYSE American adds trading friction.
10-Q
Q1 FY2025 results
Jaws Mustang Acquisition Corporation narrowed its Q1 net loss to $508K from $7.2M a year earlier, thanks to a milder $372K hit from warrant liability fair-value changes while general expenses dropped to $143K. Interest on the Trust Account ticked up slightly to $7K year-over-year. Cash outside the Trust dipped to $153K amid $166K used in operations, but the $1.0M Trust holds steady at $11.65 per share for the 89K remaining public shares. Related-party debt totals $2.9M, non-interest bearing and due post-combination. Extensions push the deal deadline to June 2025, with potential to December 2026. Sponsor owns nearly all non-redeemable shares. Delisting from NYSE American adds trading friction.
10-K
FY2024 results
JAWS Mustang Acquisition Corporation, a blank check company, reported no operating revenues for FY2024 ended December 31, 2024, with all activity focused on seeking a business combination amid ongoing extensions of its deadline. The trust account balance dwindled to $1.0 million after heavy redemptions totaling $15.1 million in Q4 from 1.3 million shares during the November extension vote, leaving sponsor ownership at 99.9% of outstanding shares. Net income reached $1.7 million, driven by $0.6 million in trust interest and $0.4 million in warrant fair value gains, offset by $1.4 million in administrative costs; no Q4-specific breakdowns were disclosed, but sequential trust erosion highlights decelerating liquidity momentum. With $319,000 in cash outside the trust and $1.4 million in sponsor notes, the company extended its termination date to December 2026, yet faces going concern doubts without a deal. Delisting from NYSE American to OTC Pink in November further constrains capital access.
8-K
SPAC deadline extended amid redemptions
Jaws Mustang Acquisition Corporation extended its deadline to complete a business combination from December 4, 2024, to January 4, 2025, with options for up to 23 additional monthly extensions until December 4, 2026, approved by shareholders on November 26, 2024. This charter amendment buys time for a deal, but triggered redemptions of 1,405,293 shares at $11.48 each, draining the trust account to $1,027,603. Fewer shares outstanding sharpens focus on remaining investors.
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