Titan Acquisition Corp. Reports Q1 2025 Financial Results with Net Loss of $78,292

Titan Acquisition Corp. has reported its financial results for the first quarter of 2025, revealing a net loss of $78,292, which is slightly higher than the net loss of $78,217 recorded during the same period in 2024. The company, which was incorporated as a blank check company in January 2024, has not yet commenced operations and has not generated any revenue. The losses primarily stem from general and administrative expenses associated with its initial public offering (IPO) preparations.

As of March 31, 2025, Titan Acquisition Corp. reported total assets of $509,241, an increase from $345,330 at the end of 2024. This growth is attributed to deferred offering costs associated with the proposed public offering, which rose to $484,258 from $320,330. The company’s liabilities also increased significantly, totaling $815,773, compared to $573,570 at the end of the previous fiscal year. This rise in liabilities includes accrued offering expenses and amounts due to related parties, reflecting the ongoing costs associated with the IPO process.

On April 10, 2025, Titan Acquisition Corp. successfully completed its IPO, selling 27,600,000 units at a price of $10.00 per unit, generating gross proceeds of $276 million. This offering included the full exercise of the underwriters' over-allotment option, which accounted for 3,600,000 units. Additionally, the company completed a private placement of 8,110,056 warrants, raising an additional $8.1 million. The proceeds from these offerings have been placed in a trust account, which will be utilized for the company’s initial business combination.

The company has maintained a consistent number of Class B ordinary shares, with 6,900,000 shares outstanding as of March 31, 2025. The management has indicated that they do not anticipate needing to raise additional funds to meet operational expenditures prior to completing a business combination. However, they acknowledge the potential for increased expenses related to being a public company and the costs associated with identifying and negotiating a business combination.

Looking ahead, Titan Acquisition Corp. is focused on identifying suitable business combination targets. The management has expressed confidence in their ability to utilize the funds raised through the IPO and private placement to facilitate this process. However, they also recognize the inherent risks and uncertainties associated with the competitive landscape and the challenges of executing a successful business combination within the stipulated timeframe.