Aspire-Lakewood Holdings, Inc.
For the period ended Dec 31, 2024. Filed Apr 7, 2025.
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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 Apr 7, 2025
ASBP$8.52+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Year Ended | Year Ended | |
|---|---|---|
| December 31, 2024 | December 31, 2023 | |
| Cash Flows from Operating Activities: | ||
| Net (loss) income | $(12,537,472) | $4,464,079 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Interest income on investments held in Trust Account | (548,676) | (5,813,213) |
| Change in fair value of subscription loan | 9,105,853 | — |
| Interest expense – debt discount | 891,624 | 8,966 |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses | 71,884 | 599,440 |
| Accounts payable and accrued expenses | 878,610 | (28,629) |
| Due from Sponsor | (36,503) | — |
| Due to affiliate | 120,000 | 116,250 |
| Net cash used in operating activities | (2,054,680) | (653,107) |
| Cash Flows from Investing Activities: | ||
| Cash withdrawn from Trust Account in connection with redemptions | 13,781,323 | 284,916,127 |
| Net cash provided by investing activities | 13,781,323 | 284,916,127 |
| Cash Flows from Financing Activities: | ||
| Proceeds from Subscription agreement loan | 1,711,313 | — |
| Redemption of ordinary shares | (13,781,323) | (284,916,127) |
| Proceeds from Sponsor note | 343,367 | 155,848 |
| Net cash provided by (used in) financing activities | (11,726,643) | (284,760,279) |
| NET CHANGE IN CASH | — | (497,259) |
| CASH, BEGINNING OF THE PERIOD | — | 497,259 |
| CASH, END OF THE PERIOD | $— | $— |
| Non-cash investing and financing activities: | ||
| Deferred underwriting commissions payable charged to additional paid in capital | $— | $(10,812,500) |
| Remeasurement of Class A ordinary shares to redemption value | $548,676 | $5,813,213 |
| Sponsor shares contributed for no redemption of shares | $784,302 | $118,298 |
| Conversion of Class B shares to Class A | $— | $719 |
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