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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
Assets:
Current assets:
Cash
Prepaid expenses
Offering costs
Other receivables
Total current assets
Investment held in Trust Account
Total assets
Liabilities and Shareholders’ Deficit:
Current liabilities:
Accounts payable and accrued expenses
Due to related party
Promissory notes – related party
Due to HCYC
Other liabilities current
Related Party
Total other liabilities current
Total current liabilities
Deferred underwriting commission
Total liabilities
Ordinary shares subject to possible redemption, 6,900,000 shares at redemption value of $10.29 per share as of March 31, 2023
Ordinary shares subject to possible redemption, 1,335,250 shares at redemption value of $12.00 and $11.41 per share as of September 30, 2025 and December 31, 2024 respectively
Shareholders’ Deficit:
Ordinary Shares, $0.0001 par value; 200,000,000 shares authorized; 2,134,200 shares issued and outstanding at September 30, 2025 and December 31, 2024 respectively
Additional paid-in capital
Accumulated deficit
Total Shareholders’ Deficit
Total Liabilities, Temporary Equity and Shareholders’ Deficit

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