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Balance Sheets

In millions of USD, except per-share amounts
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
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
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
Q2 FY2021
As of Jun 30, 2021
Current assets:
Cash
Prepaid expenses
Receivable related to potential business combination
Extension contribution due from related parties
Due from Tactical
Due from Merger Co
Total current assets
Cash held in Trust Account
Total Assets
Current liabilities:
Accounts payable
Related Party
Nonrelated Party
Total accounts payable
Accrued expenses - related party
Accounts payable - related party
Related Party
Accrued expenses and other current liabilities
Promissory note - related party
Related Party
Total promissory note - related party
Total current liabilities
Warrant liabilities
Deferred underwriting fee payable
Total Liabilities
Class A ordinary shares subject to possible redemption, 42,486 shares at redemption value of approximately $11.72 and $11.64 per share at March 31, 2026 and December 31, 2025, respectively
Class A Ordinary Shares
Total class A ordinary shares subject to possible redemption, 42,486 shares at redemption value of approximately $11.72 and $11.64 per share at March 31, 2026 and December 31, 2025, respectively
Shareholders’ Deficit
Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Ordinary shares, value
Class A Ordinary Shares
Class B Ordinary Shares
Additional paid-in capital
Accumulated deficit
Shareholders’ Deficit
Total Shareholders’ Deficit
Total Liabilities and Shareholders’ Deficit

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