Financial Performance - As of March 31, 2025, the company reported a net income of $4,017,775, which included $3,977,942 of interest income from the Trust Account[113]. - The company had a cash balance of $1 and a working capital deficit of $10,259,448 as of March 31, 2025[114]. - The company reported no revenues to date, with all activities focused on preparing for the Public Offering and searching for a target business[112]. - The company incurred $30,000 in administrative fees for both the three months ended March 31, 2025, and 2024, for office and administrative support[121]. - The company has incurred general and administrative expenses of $2,036,401, offset by waived legal fees of $2,076,234, for the three months ended March 31, 2025[113]. Public Offering and Financing - The company completed its Public Offering on November 13, 2023, raising gross proceeds of $345.0 million from the sale of 34,500,000 units at $10.00 per unit, incurring transaction costs of approximately $20.4 million[106]. - The underwriters received an underwriting discount of $6,900,000 and deferred underwriting commissions of approximately $12,075,000, contingent upon the completion of a business combination[119][120]. - The company has placed approximately $345.0 million in a Trust Account, invested in U.S. government securities, until the completion of its initial business combination[108]. - The company issued a Working Capital Note for $1,500,000 to Warrant Holdings Sponsor, which is repayable upon the consummation of an initial business combination[122]. Business Viability and Compliance - The company has until November 13, 2025, to complete a business combination or cease operations, raising substantial doubt about its ability to continue as a going concern if a business combination is not consummated[117]. - The Company complies with ASC 340-10-S99 and SEC Staff Accounting Bulletin Topic 5A regarding offering costs, which primarily consist of professional and registration fees related to the Public Offering[124]. - Offering costs allocated to Class A ordinary shares were charged to temporary equity, while those allocated to Warrants were charged to shareholders' equity[124]. - The Company qualifies as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new or revised accounting standards[127]. - As an "emerging growth company," the Company is exempt from certain reporting requirements for a period of five years following the Public Offering[128]. - The Company did not have any off-balance sheet arrangements as of the date of the Quarterly Report on Form 10-Q[126]. - The Company is classified as a smaller reporting company and is not required to provide certain market risk disclosures[130].

Financial Performance - The Company reported a net income of $8,363,892 for the year ended December 31, 2024, consisting of general and administrative expenses of $10,241,431, offset by $18,605,323 of interest on the Trust Account[308]. - For the year ended December 31, 2024, the company reported a net income of $8,363,892, with cash used in operating activities amounting to $1[310]. - The company incurred $120,000 in administrative fees for the year ended December 31, 2024, compared to $15,000 for the previous year[316]. Public Offering - The Public Offering generated gross proceeds of $345.0 million from the sale of 34,500,000 units at $10.00 per unit, with transaction costs of approximately $20.4 million[288]. - Approximately $345.0 million of the net proceeds from the Public Offering were placed in a Trust Account, invested in U.S. government securities[290]. - An underwriting discount of $0.20 per Unit was paid, totaling $6,900,000 upon closing of the Public Offering[314]. - Deferred underwriting commissions of approximately $12,075,000 will be payable to underwriters upon completion of an initial business combination[315]. Business Operations - The Company has not engaged in any operations or generated revenues to date, with activities focused on preparing for the Public Offering and searching for a target business[307]. - The company has until November 13, 2025, to complete a business combination or cease operations, raising substantial doubt about its ability to continue as a going concern if not completed[312]. - The Company is currently discussing the best path forward for the Business Combination in light of volatile equity market conditions[306]. Financial Position - As of December 31, 2024, the Company had a cash balance of $1 and a working capital deficit of $3,350,028[309]. - As of December 31, 2024, the outstanding balance under the Working Capital Note was $838,405, with a principal amount of $1,500,000 issued for financing[317]. Agreements and Support - The Business Combination Agreement was entered into on August 28, 2024, involving multiple parties and the issuance of NewCo Ordinary Shares[292]. - The Sponsor Support Agreement includes provisions for the Sponsor to vote in favor of the Business Combination and not redeem any public shares[294]. Costs and Expenses - The company incurred expenses related to being a public company and due diligence for the initial business combination[307]. - The company has incurred significant costs related to its financing and acquisition plans, which are expected to continue[312]. Accounting and Compliance - The company is classified as an "emerging growth company" under the JOBS Act, allowing it to delay the adoption of new accounting standards[326]. - The company does not have any off-balance sheet arrangements as of the date of the Annual Report[325]. - The company has identified critical accounting estimates related to the valuation of warrant values and the allocation of proceeds from the Public Offering[320].

th UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-41861 Agriculture & Natural Solutions Acquisition Corporation (Exact name of registrant as specified in its charter) Cay ...

Financial Performance - For the three months ended June 30, 2024, the company reported a net income of $2,242,550, with general and administrative expenses of $2,513,578 and interest income of $4,756,128 from the Trust Account[84]. - The company generated non-operating income in the form of interest income on marketable securities, totaling $9,444,066 for the six months ended June 30, 2024[86]. - The company incurred $60,000 in administrative fees for the six months ended June 30, 2024, under an agreement to pay $10,000 per month for administrative services[92]. - The company has not generated any revenues to date and does not expect to do so until after completing an initial business combination[83]. Public Offering - The company completed its Public Offering on November 13, 2023, raising gross proceeds of $345.0 million from the sale of 34,500,000 units at $10.00 per unit, incurring transaction costs of approximately $20.4 million[78]. - The underwriters received an underwriting discount of $6,900,000 and deferred underwriting commissions of approximately $12,075,000, contingent upon the completion of an initial business combination[90][91]. Liquidity and Capital Resources - As of June 30, 2024, the company had a working capital deficit of $79,964 and no cash on hand, relying on net proceeds from the Public Offering and Private Placement Warrants for liquidity needs[85]. - The company has access to potential Working Capital Loans of up to $1,500,000 from its officers, directors, and initial shareholders if needed[87]. Business Strategy - The company intends to leverage its affiliations with Riverstone and Impact Ag to identify and acquire businesses focused on decarbonizing the agriculture sector[77]. Operational Risks - If the company fails to complete an initial business combination by November 13, 2025, it will cease operations and redeem Public Shares at a price equal to the amount in the Trust Account[82].

Financial Performance - For the three months ended March 31, 2024, the company reported a net income of $4,136,680, primarily from $4,687,938 of interest on the Trust Account, offset by general and administrative expenses of $551,258 [81]. - The company incurred $30,000 in administrative fees for the three months ended March 31, 2024, compared to $0 for the same period in 2023 [90]. - The company has not generated any revenues to date and does not expect to do so until after completing an initial business combination [80]. Public Offering - The company completed its Public Offering on November 13, 2023, raising gross proceeds of $345.0 million from the sale of 34,500,000 units at $10.00 per unit, incurring transaction costs of approximately $20.4 million [76]. - The underwriters received an underwriting discount of $6,900,000 and deferred underwriting commissions of approximately $12,075,000, contingent upon the completion of an initial business combination [88][89]. - The company has placed approximately $345.0 million of net proceeds from the Public Offering into a Trust Account, invested in U.S. government securities [77]. Cash and Working Capital - As of March 31, 2024, the company had a cash balance of $235,739 and working capital of $255,251, with cash used in operating activities amounting to $193,616 [82][83]. - The company has access to potential Working Capital Loans of up to $1,500,000 from its officers, directors, and initial shareholders if needed [84]. Business Strategy - The company intends to leverage the platforms of its sponsors to identify and acquire a business focused on decarbonizing the agriculture sector [75]. - If the company fails to complete an initial business combination by November 13, 2025, it will cease operations and redeem Public Shares at a price equal to the amount in the Trust Account [79].

Financial Performance - For the year ended December 31, 2023, the company reported a net income of $1,305,390, which included general and administrative expenses of $1,151,448 and interest income of $2,456,838 [318]. - As of December 31, 2023, the company had a cash balance of $284,783 and working capital of $526,117, with cash used in operating activities amounting to $1,181,777 [319][320]. - The company has not generated any operating revenues to date and does not expect to do so until after completing an initial business combination [317]. Public Offering - The company completed its Public Offering on November 13, 2023, raising gross proceeds of $345.0 million from the sale of 34,500,000 units at $10.00 per unit, with transaction costs of approximately $20.4 million [313]. - The underwriters received an underwriting discount of $6,900,000 and deferred underwriting commissions of approximately $12,075,000, contingent upon the completion of an initial business combination [324][325]. - The company has placed approximately $345.0 million of net proceeds from the Public Offering into a Trust Account, invested in U.S. government securities [315]. Business Operations and Future Outlook - If the company fails to complete an initial business combination by November 13, 2025, it will cease operations and redeem public shares at a price equal to the amount in the Trust Account [316][322]. - The company may need to obtain additional financing to complete an initial business combination or to cover redemptions of public shares [321]. - The company has access to funds from the Sponsor, which are sufficient to meet working capital needs until the completion of a business combination or one year from the issuance of the financial statements [322]. Administrative and Internal Controls - The company incurred $15,000 in administrative fees for the year ended December 31, 2023, under an agreement to pay $10,000 per month for administrative support [325]. - The company's disclosure controls and procedures were evaluated as effective as of December 31, 2023, by the Certifying Officers [333]. - The company does not expect its disclosure controls and procedures to prevent all errors and instances of fraud, providing only reasonable assurance of their effectiveness [334]. - There were no changes in internal control over financial reporting during the most recent fiscal quarter that materially affected the company's internal controls [335]. - The management's assessment regarding internal control over financial reporting is not included in the Annual Report due to a transition period for newly public companies [335].

Financial Performance - The company reported a net loss of $698 for the nine months ended September 30, 2023, which consisted of formation costs[83]. - The company has not generated any revenues to date and does not expect to do so until after completing an initial business combination[82]. Public Offering - The company completed its Public Offering on November 13, 2023, raising gross proceeds of $345,000,000 from the sale of 34,500,000 units at $10.00 per unit, incurring transaction costs of approximately $20.0 million[77]. - The underwriters received an underwriting discount of $6,900,000 upon closing of the Public Offering, with an additional deferred fee of approximately $12,075,000 payable upon completion of an initial business combination[87][88]. - The company sold 9,400,000 private placement warrants at $1.00 each, generating gross proceeds of $9,400,000[78]. Liquidity and Financial Position - As of September 30, 2023, the company had a cash balance of $0, but liquidity needs are satisfied through net proceeds from the Public Offering and private placement[84]. - The company has agreed to pay $10,000 per month for administrative services until the completion of an initial business combination or liquidation[90]. - The company has no off-balance sheet arrangements as of the date of the report[95]. Business Strategy - The company is focused on identifying and acquiring businesses that decarbonize the traditional agriculture sector and enhance natural capital[76]. Redemption Terms - If the company fails to complete an initial business combination by November 13, 2025, it will redeem public shares at a per-share price equal to the amount in the Trust Account[80].