ESH Acquisition Corp. SEC 10-Q Report

ESH Acquisition Corp., a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, has released its Form 10-Q report for the quarter ended June 30, 2025. The report provides a detailed overview of the company's financial performance and operational activities during this period.

Financial Highlights

• Net Income: $(1.05) million for the three months ended June 30, 2025, compared to $1.02 million for the same period in 2024, reflecting increased operating costs and reduced interest income.
• Net Income: $(1.28) million for the six months ended June 30, 2025, compared to $2.16 million for the same period in 2024, primarily due to higher general and administrative expenses and lower interest income.
• Basic and diluted net (loss) income per share, Class A common stock: $(0.27) for the three months ended June 30, 2025, compared to $0.07 for the same period in 2024.
• Basic and diluted net (loss) income per share, Class A common stock: $(0.33) for the six months ended June 30, 2025, compared to $0.15 for the same period in 2024.

Business Highlights

• Business Overview: ESH Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities.
• Operational Activities: The company has not commenced any operations as of June 30, 2025. All activities to date have been related to the company's formation, the initial public offering (IPO), and identifying a target company for the Initial Business Combination.
• IPO and Trust Account: On June 16, 2023, ESH Acquisition Corp. completed its IPO, raising $115 million, with an additional $7.47 million from the sale of Private Placement Warrants. The proceeds were placed in a Trust Account to be used for the Initial Business Combination.
• Segment Information: The company operates as a single segment, with the Chief Financial Officer reviewing the operating results for the company as a whole to make decisions about resource allocation and financial performance.
• Interest Income: The company generates non-operating income in the form of interest income from the proceeds held in the Trust Account.
• Future Outlook: Management plans to consummate an Initial Business Combination prior to the mandatory liquidation date of December 16, 2025. The company is actively seeking a target for the Initial Business Combination and intends to use the funds held in the Trust Account for this purpose.
• Going Concern Consideration: The company's liquidity condition and the mandatory liquidation date raise substantial doubt about its ability to continue as a going concern. Management is focused on completing an Initial Business Combination to address this concern.
• Extension of Business Combination Period: The company has the right to extend the date by which it must consummate its Initial Business Combination for up to 12 additional one-month periods, with the final extension possible until December 16, 2025.

SEC Filing: ESH Acquisition Corp. [ ESHA ] - 10-Q - Aug. 19, 2025