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Unaudited Condensed Balance Sheets

In millions of USD, except per-share amounts
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
Cash
Current Assets
Cash
Prepaid income tax
Prepaid expenses
Deferred income tax asset
Investments held in Trust Account
Total Current Assets
Noncurrent Assets
Deferred income tax asset
Investments held in Trust Account
Total Noncurrent Assets
Total Assets
Current Liabilities
Other payable – related party
Other payable – Huture
Accounts payable and accrued expenses
Franchise tax payable
Income tax payable
Excise tax payable
Promissory note – related party
Deferred underwriting fee payable
Redeemed common stock payable to public stockholders
Promissory note
Huture
Bestpath
Total promissory note
Promissory note – Huture
Promissory note – Bestpath
Total Current Liabilities
Deferred underwriting fee payable
Total Liabilities
Common stock subject to possible redemption, $0.0001 par value; 10,000,000 shares authorized; 107,987 shares and 805,352 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively
Stockholders’ Deficit
Common stock, $0.0001 par value; 10,000,000 shares authorized; 1,623,060 shares issued and outstanding (excluding 107,987 shares and 805,352 shares subject to possible redemption at September 30, 2025 and December 31, 2024, respectively)
Additional paid-in capital
Accumulated deficit
Total Stockholders’ Deficit
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit

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