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Helix Acquisition Corp. II (HLXB0.00%) has submitted its 10-Q filing for the quarterly period ended September 30, 2024.
The filing includes financial statements for the quarter, showing net income of $2,333,358 for the three months ended September 30, 2024. This income is primarily attributed to interest earned on marketable securities held in the Trust Account.
For the nine months ended September 30, 2024, the company reported net income of $5,646,336. The income is largely due to interest earned on marketable securities held in the Trust Account.
As of September 30, 2024, Helix Acquisition Corp. II held $190,203,404 in marketable securities in the Trust Account. The company also reported cash of $1,785,636.
The company completed its Initial Public Offering on February 13, 2024, raising gross proceeds of $184,000,000. The offering included the full exercise of the underwriter's over-allotment option.
Simultaneously with the closing of the Initial Public Offering, Helix Acquisition Corp. II sold 509,000 Private Placement Shares to its Sponsor, generating gross proceeds of $5,090,000.
The company incurred $8,180,834 in costs related to the Initial Public Offering, including underwriting fees and other offering costs.
Helix Acquisition Corp. II is a blank check company, incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Helix Acquisition Corp. II has not commenced any operations and does not expect to generate operating revenues until after the completion of a Business Combination.
The company intends to use the proceeds from the Initial Public Offering and Private Placement Shares to complete a Business Combination, focusing on the healthcare and healthcare-related industries.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Helix Acquisition Corp. II quarterly 10-Q report dated November 14, 2024. To report an error, please email earnings@qz.com.