Security Brokers, Dealers & Flotation CompaniesIFRS · EUR

Odysseus (Cayman) Ltd

Odysseus (Cayman) Ltd is a Cayman Islands exempted blank check company formed to complete a merger, share exchange, asset acquisition, or similar business combination. It does not operate a commercial business of its own and is structured as a special purpose acquisition company (SPAC) with cash held in trust for a future transaction.

Liikevoitto (EBIT)−3,9milj. EUR
−265,8 %v/v
Nettotulos5,5milj. EUR
+142,8 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2024–2025

−4−3−2−10milj. EUR2024: EBIT −1,1 milj. EUR20242025: EBIT −3,9 milj. EUR2025−3,9
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
SPAC vehicle100 %

Blank-check company structure used to pursue an initial business combination.

Asiakkaat

The company does not sell products or services to end customers in the ordinary course. Its economic counterparties are investors in the SPAC, potential merger targets, and financing partners involved in a future business combination. The business model is therefore centered on capital markets execution rather than recurring commercial demand.

Public investors

Buy SPAC shares and warrants for exposure to a future acquisition transaction.

Target businesses

Potential merger or acquisition targets that may combine with the SPAC.

Capital providers

Backstop, forward purchase, or debt/equity providers that may finance a deal.

Strategia

The company’s core strategy is to identify and complete an initial business combination using IPO proceeds, trust account funds, and additional financing if needed. Its success depends on sourcing an attractive target, negotiating terms, and closing a transaction within the SPAC lifecycle.

Source and close a business combinationLyhyt aikaväli

The company has no operating business until it completes a transaction.

Preserve financing flexibilityLyhyt aikaväli

Additional capital may be needed for transaction costs and working capital.

Maantiede

Odysseus (Cayman) Ltd is organized in the Cayman Islands and its business activities are tied to U.S. capital markets through its public listing and transaction process. The company’s future operating geography will depend on the target it acquires, but at present its footprint is primarily legal and financial rather than operational.

Riskit

The main risks are deal-execution risk, capital-raising risk, and the possibility that the company fails to complete a business combination. As a SPAC, it also faces dilution, regulatory, and market-risk exposure tied to public-market sentiment and the terms of any future transaction.

Järjestetty vakavuuden mukaan
Failure to complete an initial business combinationKriittinen

The company has no operating revenues until a transaction closes.

Kohdistuu: SPAC lifecycle and target sourcing

Capital constraints and financing uncertaintyKorkea

Transaction costs and working capital needs may exceed available cash.

KohdistuuTrust accountSponsor supportExternal financing
Dilution from additional equity issuanceKorkea

A business combination may require new shares or equity-linked securities.

Kohdistuu: Public shareholders and warrant holders

Regulatory and market riskKeskitaso

SPAC transactions depend on securities regulation, listing rules, and market appetite.

Kohdistuu: U.S. capital markets

Kirjanpito

Harkinnanvaraiset erät
Trust account and interest income

Interest earned on trust funds affects non-operating income and available transaction capital.

Vaikutus: Can change reported earnings and funds available for a deal

Deferred compensation payable at closing

A portion of executive and sponsor-related compensation is contingent on completing a business combination.

Vaikutus: Creates contingent liabilities and affects future cash outflows

Transaction and public-company costs

Legal, audit, insurance, and due diligence costs are incurred before any operating business exists.

Vaikutus: Drives operating losses and period-to-period volatility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026