Velos Acquisition I Corp.
For the period ended Dec 31, 2024. Filed Mar 28, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 28, 2025
VLOS$10.71+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Statement of Cash Flows
| Cash Flows from Operating Activities: | |
|---|---|
| Net income | $5,226,327 |
| Adjustments to reconcile net income to net cash used in operating activities: | |
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | 5,454 |
| Payment of operation costs through advance from related party | 142,233 |
| Interest earned on investments held in Trust Account | (5,679,743) |
| Changes in operating assets and liabilities: | |
| Other | (41,250) |
| Prepaid expenses | (254,856) |
| Accrued expenses | 98,948 |
| Net cash used in operating activities | (502,887) |
| Cash Flows from Investing Activities: | |
| Investment of cash into Trust Account | (288,937,500) |
| Net cash used in investing activities | (288,937,500) |
| Cash Flows from Financing Activities: | |
| Proceeds from sale of Units, net of underwriting discounts paid | 282,500,000 |
| Proceeds from sale of Private Placements Warrants | 8,337,500 |
| Payment of offering costs | (575,925) |
| Net cash provided by financing activities | 290,261,575 |
| Net Change in Cash | 821,188 |
| Cash – Beginning of period | — |
| Cash – End of period | $821,188 |
| Noncash investing and financing activities: | |
| Offering costs included in accrued offering costs | $250,000 |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | $19,546 |
| Deferred offering cost paid through advance from related party | $161,525 |
| Prepaid expenses paid by advance from related party | $75,000 |
| Deferred underwriting fee payable | $13,400,000 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.