For the quarter ending 2026-03-31, EMAT had -$6,296,000 decrease in cash & cash equivalents over the period. -$5,593,000 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Changes in provision for losses on valuation of inventories | 115,000 | - |
| Depreciation and amortization | 252,000 | - |
| Interest expense | 768,000 | - |
| Pension benefits provision | 65,000 | - |
| Gain on settlement of preexisting relationship | 1,152,000 | - |
| Interest income | 63,000 | - |
| Gain on foreign exchange translation | 115,000 | - |
| Loss on foreign exchange translation | 137,000 | - |
| Change in fair value of cpu share allocation obligations | 190,488,000 | - |
| Change in fair value of july investment agreement derivative | 234,739,000 | - |
| Investor expenses incurred on behalf of company | 1,586,000 | - |
| Interest income on restricted cash held in trust account | - | 276,616 |
| Non-cash others | 75,000 | - |
| Interest and penalties on excise tax payable | - | -13,509 |
| Trade accounts receivable | 725,000 | - |
| Prepaid expenses | - | 16,500 |
| Non-trade accounts receivable | 211,000 | - |
| Prepaid expenses and other assets | 197,000 | 110,650 |
| Inventories | 385,000 | - |
| Deferred transaction costs | 9,265,000 | - |
| Trade accounts payable | -1,225,000 | - |
| Non-trade accounts payable | 1,195,000 | - |
| Other liabilities | 109,000 | - |
| Accrued expenses and other current liabilities | 174,000 | - |
| Net loss | -440,314,000 | -1,789,441 |
| Due to affiliates | - | 120,000 |
| Allowance for credit losses | 0 | - |
| Accounts payable and accrued expenses | - | 697,770 |
| Day one loss on cpu share allocation obligations | 0 | - |
| Income taxes payable | - | 60,659 |
| Paid in kind interest | 0 | - |
| Net cash used in operating activities | -5,569,000 | -1,328,287 |
| Purchases of property, plant and equipment | 24,000 | - |
| Payments for leasehold deposits | -2,000 | - |
| Proceeds from notes receivable | -2,000 | - |
| Payment for acquisition of business | 350,000 | - |
| Cash withdrawn from trust account in connection with redemption | - | 5,865,713 |
| Net cash acquired in business combination | -1,379,000 | - |
| Cash withdrawn from trust account to pay franchise and income taxes | - | 203,862 |
| Issuance of notes receivable | 0 | - |
| Net cash (used in) provided by investing activities | 1,005,000 | 6,069,575 |
| Proceeds from short-term debt | 945,000 | - |
| Repayment of short-term debt | 545,000 | - |
| Repayment of current portion of long-term debt | 65,000 | - |
| Repayment of long-term debt | 44,000 | - |
| Payment of lease liabilities | 32,000 | - |
| Cash assumed in reverse recapitalization | 13,000 | - |
| Constructive disbursements to related party | -475,000 | - |
| Payments to effectuate reverse recapitalization | 1,537,000 | - |
| Redemption of common stock - due to stockholders | - | 5,865,713 |
| Proceeds from issuance of convertible preferred units | 0 | - |
| Proceeds from working capital loans - related party | - | 1,127,262 |
| Payments for deferred transaction costs | 0 | - |
| Net cash (used in) provided by financing activities | -1,741,000 | -4,738,451 |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash | 8,000 | - |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -6,296,000 | - |
| Cash and cash equivalents, and restricted cash, as of beginning of period | 11,685,000 | - |
| Net change in cash and restricted cash | - | 2,837 |
| Cash and cash equivalents, and restricted cash, as of end of period | 5,389,000 | - |
Evolution Metals & Technologies Corp. (EMAT)
Evolution Metals & Technologies Corp. (EMAT)