BM3EAC (BACE) investor relations material

Executive summary

• Operates as a listed acquisition vehicle on Euronext Amsterdam, seeking a business combination but has not completed one as of June 2025.

• Redeemed all public shares and warrants in June 2023 after failing to complete a business combination by the deadline; only sponsor shares remain outstanding.

• Sponsor Entity committed additional working capital to support operations through at least April 2026.

• Company continues as a repurposed acquisition vehicle, with ongoing search for a suitable target.

Financial highlights

• Bank account balance as of 30 June 2025: $88,144; accumulated losses: ($966,643).

• Total comprehensive loss for the six months ended 30 June 2025: ($189,168), compared to ($332,444) for the same period in 2024.

• Interest income for the period: $1,287; operational expenses: $156,482; interest expense on promissory notes: $33,973.

• Net cash used in operating activities: ($193,909); net cash generated from financing activities: $150,000.

Outlook and guidance

• Directors intend to continue as an acquisition vehicle, leveraging sponsor support and board expertise to identify a business combination.

• Sponsor Entity has committed to provide sufficient working capital to support operations through at least April 2026.

• Company expects to remain a going concern for at least the next 12 months.