Company Summary - Ribbon Acquisition Corporation

Overview:

• Ribbon Acquisition Corporation is a blank check company incorporated in the Cayman Islands on July 17, 2024.
• Its primary purpose is to effectuate a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses.
• The company has not yet identified any specific target or engaged in substantive discussions with potential targets.

Business Model & Strategy:

• Focuses on acquiring a target company that has:
  • Established business with long-term financial visibility.
  • Defensible market position with strong industry presence or disruptive technological advantages.
  • Growth opportunities requiring capital investment.
  • A talented, well-incentivized management team with a proven track record of revenue growth and profitability.
  • Potential benefits from being a public company, including access to broader capital markets and increased visibility.
  • Structural attributes conducive to attractive risk-adjusted returns.

Targeting & Geographic Focus:

• Efforts to identify targets will not be limited to a specific industry or geographic area.
• Management has expertise in investing and building businesses within the Asia Pacific region, especially Greater China (Hong Kong, Taiwan, Macau).
• Intends to avoid targets based in or predominantly operating in Greater China, due to regulatory and political risks.

Operations & Financials:

• As of December 31, 2024:
  • No revenue generated.
  • Incurred a net loss of approximately $10,305, primarily from formation costs.
  • Has no physical properties or real estate.
  • Has $508,662 in deferred offering costs recorded as an asset.
  • Has no current employees beyond a management team of two officers and independent directors.
• The company is still in the acquisition search phase and has not yet undertaken any operational activities beyond formation and capital raising.

Financial Position:

• Raised $50 million gross through an initial public offering (IPO) of 5 million units at $10 per unit, with proceeds placed in a trust account for future business combination purposes.
• An additional $2.2 million was raised through private placement of additional units to the sponsor.
• The company has a working capital deficit of approximately $493,967 as of December 31, 2024, and has relied on loans and advances from the sponsor to fund initial activities.

Employees:

• Currently employs two officers with no other staff mentioned.
• Officers are not obligated to devote full time; their level of involvement varies.

Customers & Revenue:

• The company has no customers and has not generated revenue to date.

Income & Profit:

• The company incurred a net loss of approximately $10,305 in the period from inception on July 17, 2024, through December 31, 2024.

Other Notes:

• The company expects to continue incurring costs related to acquisition activities, legal, regulatory, and due diligence expenses.
• No revenue, profit, or customer data has been reported yet, as operations are still in the development and capital-raising phase.