Vine Hill Capital Investment Corp. Files Q2 2024 10-Q

TL;DR

Vine Hill Capital (VHCC) filed its Q2 10-Q. Business as usual for this blank check company.

AI Summary

Vine Hill Capital Investment Corp. filed its quarterly report on Form 10-Q for the period ended June 30, 2024. The company, incorporated in the Cayman Islands, is involved in blank checks and real estate & construction. Its principal executive offices are located in Fort Lauderdale, Florida.

Why It Matters

This filing provides investors with an update on Vine Hill Capital Investment Corp.'s financial performance and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing for a company that appears to be in its early stages or operational setup phase, with no immediate red flags.

Key Numbers

• 001-42267 — Commission File Number (Identifies the company's filing history with the SEC.)
• June 30, 2024 — Quarterly Period End (Specifies the reporting period for this 10-Q filing.)

Key Players & Entities

• Vine Hill Capital Investment Corp. (company) — Registrant
• June 30, 2024 (date) — Quarterly period end date
• 001-42267 (company) — Commission File Number
• 500 E. Broward Blvd., Suite 1710 Fort Lauderdale, FL 33394 (company) — Principal executive offices address
• (954) 848-2859 (company) — Business phone number

FAQ

Key Financial Figures

• $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
• $11.50 — ordinary share at an exercise price of $11.50 VCICW Nasdaq Global Market Indicate b

Filing Documents

• ea0215640-10q_vinehill.htm (10-Q) — 258KB
• ea021564001ex31-1_vinehill.htm (EX-31.1) — 9KB
• ea021564001ex31-2_vinehill.htm (EX-31.2) — 9KB
• ea021564001ex32-1_vinehill.htm (EX-32.1) — 4KB
• ea021564001ex32-2_vinehill.htm (EX-32.2) — 4KB
• 0001213900-24-082720.txt ( ) — 2234KB
• vcicu-20240630.xsd (EX-101.SCH) — 25KB
• vcicu-20240630_cal.xml (EX-101.CAL) — 8KB
• vcicu-20240630_def.xml (EX-101.DEF) — 130KB
• vcicu-20240630_lab.xml (EX-101.LAB) — 176KB
• vcicu-20240630_pre.xml (EX-101.PRE) — 124KB
• ea0215640-10q_vinehill_htm.xml (XML) — 150KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Balance Sheet as of June 30, 2024 (Unaudited) 1 Condensed Statement of Operations for the period from May 24, 2024 (inception) to June 30, 2024 (Unaudited) 2 Condensed (Unaudited) 3 Condensed Statement of Cash Flows for the period from May 24, 2024 (inception) to June 30, 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 15 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 20 Item 4.

Controls and Procedures

Controls and Procedures 20

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 21 Item 1A.

Risk Factors

Risk Factors 21 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 21 Item 3. Defaults Upon Senior Securities 21 Item 4. Mine Safety Disclosures 21 Item 5. Other Information 21 Item 6. Exhibits 22

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. VINE HILL CAPITAL INVESTMENT CORP. CONDENSED BALANCE SHEET June 30, 2024 (UNAUDITED) ASSETS Deferred offering costs $ 192,000 Total assets $ 192,000 LIABILITIES AND SHAREHOLDER'S EQUITY Current liabilities: Accrued expenses $ 25,000 Accrued offering costs 182,000 Sponsor loan 1,000 Total current liabilities 208,000 Shareholder's Equity Preference shares, $ 0.0001 par value; 1,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 200,000,000 shares authorized; none issued or outstanding — Class B ordinary shares, $ 0.0001 par value; 20,000,000 shares authorized; 7,666,667 shares issued and outstanding (1) 1,000 Additional paid-in capital 24,000 Accumulated deficit ( 41,000 ) Total shareholder's equity ( 16,000 ) Total Liabilities and Shareholder's Equity $ 192,000 (1) Includes an aggregate of up to 1,000,000 Class B ordinary shares, $0.0001 par value subject to forfeiture if the over-allotment option is not exercised in full by the underwriters. As a result of the underwriters' partial exercise their over-allotment option on September 12, 2024, 333,333 Class B ordinary shares were forfeited (see Note 5). The accompanying notes are an integral part of these unaudited condensed financial statements. 1 VINE HILL CAPITAL INVESTMENT CORP. CONDENSED STATEMENT OF OPERATIONS For the period from May 24, 2024 (inception) through June 30, 2024 (UNAUDITED) General and administrative costs $ ( 41,000 ) Net loss $ ( 41,000 ) Weighted average shares outstanding, basic and diluted (1) 6,666,667 Basic and diluted net loss per share $ ( 0.01 ) (1) Excludes an aggregate of up to 1,000,000 Class B ordinary shares, $0.0001 par value subject to forfeiture if the over-allotment option is not exercised in full by the underwriters. As a result of the underwriters' partial exercise their over-allotment option on September 12, 2024, 333,333 Clas

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View this 10-Q filing on SEC EDGAR