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Balance sheets

In millions of USD, except per-share amounts
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
ASSETS
Current assets
Cash
Other receivable
Due from Sponsor
Prepaid expenses
Total current assets
Deferred offering costs
Investments held in Trust Account
TOTAL ASSETS
LIABILITIES AND SHAREHOLDERS' DEFICIT
Current liabilities
Accounts payable and accrued expenses
Accrued offering costs
Chinese taxes payable
Chinese income taxes payable
Chinese VAT and surcharges payable
Advances from Sponsor
Promissory note - Sponsor
Extension Note
Unsecured Promissory Note 2024
Total promissory note - Sponsor
Extension Note - Sponsor
Extension Note
Total extension Note - Sponsor
TOTAL LIABILITIES
Ordinary shares subject to possible redemption, 652,170 shares at $11.57 and $11.36 per share redemption value as of March 31, 2025 and December 31, 2024, respectively
SHAREHOLDERS' DEFICIT
Ordinary shares, $0.0001 par value; 220,000,000 shares authorized; 2,548,000 issued and outstanding (excluding 652,170 shares subject to possible redemption) as of March 31, 2025 and December 31, 2024
Additional paid-in capital
Accumulated deficit
TOTAL SHAREHOLDERS' DEFICIT
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT

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