Vendome Acquisition Corporation I Releases Financial Statements for Period Ending March 31, 2025

Vendome Acquisition Corporation I, a blank check company incorporated in the Cayman Islands, has released its unaudited financial statements for the period ending March 31, 2025. The company reported total assets of $334,099, which includes current assets of $12,902 and deferred offering costs of $321,197. As of the reporting date, Vendome had no revenue or operating expenses, resulting in a net loss of $0. The weighted average number of ordinary shares outstanding was 2,365,079, leading to a basic and diluted net loss per ordinary share of $0.00.

In comparison to the previous fiscal period, Vendome has made significant organizational changes. The company was incorporated on January 28, 2025, and has since focused on preparing for its Initial Public Offering (IPO). As part of its capital structure, Vendome has issued 5,750,000 Class B ordinary shares, with an additional 750,000 shares subject to forfeiture based on the underwriter's over-allotment option. The company has also retroactively restated its shares to reflect the surrender of 5,544,643 Class B shares and the issuance of 1,437,500 shares to its Sponsor.

Operationally, Vendome has not yet commenced any business operations, as its activities have been limited to organizational tasks and preparations for the IPO. The company plans to utilize the proceeds from its IPO to identify and evaluate potential target businesses for a business combination. As of March 31, 2025, Vendome had a working capital deficit of $296,197, but management believes that the funds raised from the IPO will provide sufficient liquidity to meet its operational needs until a business combination is completed.

Looking ahead, Vendome has successfully completed its IPO on July 3, 2025, raising $200 million from the sale of 20 million units at $10 each. Additionally, the company raised $2.648 million from the private placement of warrants. The funds from the IPO and private placement are intended to be held in a trust account and used primarily for the purpose of completing a business combination. The company has indicated that it will continue to incur costs related to its acquisition plans and may seek additional financing if necessary to complete a business combination or to cover redemptions of public shares.

Overall, Vendome Acquisition Corporation I is in the early stages of its operations, with a focus on identifying potential business combinations while managing its financial resources effectively. The company remains optimistic about its future prospects, contingent upon successfully executing its business strategy and navigating the complexities of the current market environment.