Name | Value |
---|---|
Revenues | 0.0K |
Cost of Revenue | 30.0K |
Gross Profit | -30.0K |
Operating Expense | 1,015.7K |
Operating I/L | -1,015.7K |
Other Income/Expense | 198.0K |
Interest Income | 198.0K |
Pretax | -817.7K |
Income Tax Expense | 41.0K |
Net Income/Loss | -858.7K |
ExcelFin Acquisition Corp. is a blank check company that focuses on acquiring or merging with one or more businesses. As a blank check company, ExcelFin does not have any specific business operations or revenue-generating activities of its own. Instead, it raises funds through an initial public offering (IPO) and then seeks out potential acquisition targets. Once a suitable target is identified, ExcelFin uses the raised capital to acquire or merge with the target company, allowing it to enter into new business sectors and generate revenue through the acquired company's operations.