ESH Acquisition Corp.
Business
ESH Acquisition Corp. is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more unidentified businesses. The company offers IPO units, public shares, private placement warrants and related transaction structures and provides capital and governance to complete an Initial Business Combination. Its activities are organized around pre‑combination operations, trust account and offering arrangements, sponsor and underwriter relationships, and target sourcing and diligence. Target sourcing and capital markets activities occur through investment bankers, advisors, sponsor networks, trade shows and Nasdaq‑listed public offerings.
Summary from filing dated 2025-04-04
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| General and administrative expenses | 882,103 | 393,732 | 18,418 | |
| Franchise tax expense | 114,218 | 115,282 | 1,050 | |
| Loss from operations | −996,321 | −509,014 | −19,468 | |
| Interest earned on investments held in Trust Account | 6 | 3 | — | |
| Total other income | 6 | 3 | — | |
| Income before provision for income taxes | 5 | 3 | −19,468 | |
| Provision for income taxes | −1 | −819,453 | — | |
| Net income | 4 | 2 | −19,468 |
Consolidated Balance Sheet
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|
| Cash | 1 | 2 | — | — | |
| Prepaid expenses | 5,000 | 18,082 | — | — | |
| Prepaid insurance current portion | 127,539 | 281,681 | — | — | |
| Total Current Assets | 1 | 2 | 44,963 | — | |
| Long-term prepaid insurance | — | 127,539 | — | — | |
| Investments held in Trust Account | 8 | 120 | — | — | |
| TOTAL ASSETS | 10 | 122 | 458,993 | — | |
| Accounts payable and accrued expenses | 165,645 | 107,954 | 203,265 | — | |
| Excise taxes payable | 1 | — | — | — | |
| Franchise tax payable | 47,691 | 112,343 | 1,500 | — | |
| Income taxes payable | 285,459 | 819,453 | — | — | |
| Total Current Liabilities | 2 | 1 | 454,325 | — | |
| TOTAL LIABILITIES | 2 | 1 | — | — | |
| Commitments and Contingencies | — | — | — | — | |
| Class A common stock subject to possible redemption, 739,881 and 11,500,000 shares at redemption value of $11.01 and $10.35 per share at December 31, 2024 and 2023, respectively | 8 | 119 | — | — | |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding at December 31, 2024 and 2023 | — | — | — | — | |
| Additional paid-in capital | — | 297,488 | 24,712 | — | |
| Retained earnings | 175,013 | 2 | −20,332 | — | |
| TOTAL STOCKHOLDERS EQUITY | 175,329 | 2 | 4,668 | −864 | |
| TOTAL LIABILITIES, COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION, AND STOCKHOLDERS EQUITY | 10 | 122 | 458,993 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|
| Prepaid expenses | 13,082 | 6,918 | — | |
| Prepaid insurance current portion | 154,142 | −281,681 | — | |
| Long-term prepaid insurance | 127,539 | −127,539 | — | |
| Due from Sponsor | 12,060 | −25,796 | — | |
| Accounts payable and accrued expenses | 136,574 | 29,689 | −25,000 | |
| Franchise tax payable | −64,652 | 110,843 | — | |
| Income taxes payable | −533,994 | 819,453 | — | |
| Net cash used in operating activities | −2 | −796,580 | −43,418 | |
| Investment of cash into Trust Account | −30,000 | −117 | — | |
| Cash withdrawn from Trust Account in connection with redemption | 116 | — | — | |
| Cash withdrawn from Trust Account to pay franchise and income taxes | 2 | — | — | |
| Net cash provided by (used in) investing activities | 117 | −117 | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | 113 | — | |
| Proceeds from sale of Private Placements Warrants | — | 7 | — | |
| Repayment of promissory note - related party | — | −249,560 | — | |
| Redemption of common stock | −116 | — | — | |
| Payment of offering costs | −78,883 | −564,596 | −158,619 | |
| Net cash (used in) provided by financing activities | −116 | 119 | 88,381 | |
| Net Change in Cash | −532,384 | 2 | 44,963 | |
| Income taxes | 2 | — | — | |
| Franchise taxes | 181,585 | 4,439 | — | |
| Excise tax payable attributable to redemption of common stock | 1 | — | — | |
| Offering costs included in accrued expenses | — | 75,000 | — |