Vendome Acquisition Corporation I Class A Ordinary Shares (VNME)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a Graham-and-Buffett-style investor, I start with what is knowable. Vendome Acquisition Corporation I is a shell company incorporated in 2025; it has no significant operations and no revenue in any filed period. The filed figures show net income of $1.8 million in fiscal Q3 2025 (period ended 2025-09-30), $2.0 million in fiscal Q4 2025 (period ended 2025-12-31), $1.6 million in fiscal Q1 2026 (period ended 2026-03-31), and $1.6 million in fiscal Q2 2026 (period ended 2026-06-30). Those profits are not from an operating business, so I cannot infer a durable competitive moat or growth trajectory. On financial health, debt-to-equity is 0.50, but there is no revenue and no EPS; FairStock's calculated P/B is 1,034 at the 2026-10-16 close of $10.34, and its Piotroski F-Score is 1/9. The Altman Z-Score of 543.78 is arithmetically huge but not meaningful for a shell. The stock sits at the top of its $9.94-$10.34 52-week range, with a $253.3 million market cap and no dividend. FairStock assigns no Lynch category because only 0 years of filed results are available and three are needed. Valuation therefore depends almost entirely on a future merger or acquisition, not on present earnings or assets. I would require a specific deal, transparent terms, and a demonstrated operating record before calling this a business with a margin of safety.

In plain English: Vendome Acquisition Corporation I is a shell company with no significant operations; it plans to merge with or buy another business. Its filed results show no revenue and small positive net income in recent quarters, so it does not look like an operating business with a strong record. At $10.34, near the top of its 52-week range, the price does not look cheap compared with its accounting net assets, and the company's real value will depend on a future deal.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer