Ridgefield Acquisition Corp. Reports Increased Net Losses and Strategic Reverse Stock Split

Ridgefield Acquisition Corp. reported a net loss of $25,616 for the three months ended September 30, 2025, compared to a net loss of $12,902 for the same period in 2024. For the nine-month period, the company recorded a net loss of $72,083, up from $59,974 in the prior year. The increase in losses is attributed to higher general and administrative expenses, which rose to $19,883 in the third quarter of 2025 from $7,741 in the same quarter of 2024. The year-to-date general and administrative expenses also increased to $55,225 from $44,513, primarily due to legal and professional fees associated with a planned reverse stock split.

As of September 30, 2025, Ridgefield's total assets amounted to $18,041, an increase from $17,449 at the end of 2024. However, total liabilities surged to $242,679 from $170,004, largely due to an increase in accounts payable and accrued expenses, which rose to $11,681 from $3,515. The company's accumulated deficit also widened to $2,192,318 from $2,120,235, reflecting ongoing operational losses. The company continues to operate without revenue-generating activities, focusing instead on maintaining compliance with public company regulations and exploring potential business opportunities.

In a significant strategic move, Ridgefield's Board of Directors approved a 1-for-10,000 reverse stock split followed by a 10,000-for-1 forward stock split, aimed at reducing the number of record holders of its common stock. This transaction is intended to facilitate the company's deregistration under the Securities Exchange Act, thereby lowering administrative and accounting costs. The company expects to complete this transaction in the fourth quarter of 2025.

Ridgefield's cash and cash equivalents stood at $18,041 as of September 30, 2025, with a working capital deficit of $224,638 when accounting for related party debt. The company has historically relied on loans from related parties, particularly from Steven N. Bronson, its Chairman and CEO, to meet its financial obligations. The company is actively evaluating financing options to ensure liquidity and support its operational needs, although it acknowledges that additional capital will be necessary to pursue any merger or acquisition opportunities.

Looking ahead, Ridgefield anticipates that general and administrative expenses will remain elevated due to ongoing compliance requirements. The company is focused on prudent cost management while exploring strategic alternatives that could enhance shareholder value. However, there is no assurance that any viable business opportunities will be identified or successfully executed. The management remains committed to maintaining a strong administrative foundation to respond effectively to potential strategic opportunities as they arise.