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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
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
ASSETS
Current Assets
Cash
Prepaid expenses
Total Current Assets
Cash held in trust account
Total Assets
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accrued expenses
Accounts payable
Other liabilities
Franchise tax payable
Income tax payable
Extension loans
Working capital loan
Excise tax liability
Total Current Liabilities
Deferred underwriter commission
Total Liabilities
Common Stock subject to possible redemption; 101,216 shares (at $5.05 per share) as of March 31, 2025 and 1,717,663 shares (at $11.55 per share) as of December 31, 2024
Stockholders’ Deficit
Common Stock, $0.000001 par value, 100,000,000 shares authorized; 2,990,897 issued and outstanding (excluding 101,216 shares and 1,717,663 shares subject to possible redemption as of March 31, 2025 and December 31, 2024 respectively)
Accumulated deficit
Total Stockholders’ Deficit
Total Liabilities and Stockholders’ Deficit

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