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Balance sheets

In millions of USD, except per-share amounts
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
Assets:
Current assets:
Cash
Prepaid expenses
Total current assets
Cash and Investments held in Trust Account
Total Assets
Liabilities and Shareholders’ Deficit:
Current liabilities:
Accounts payable
Accrued expenses
Convertible note - related parties
Other liabilities
Excise tax payable
Corporate tax payable
Income tax payable
Total current liabilities
Overfunding loans
Overfunding loans
Derivative warrant liabilities
Deferred underwriting commissions
Total Liabilities
Class A common stock, $0.0001 par value; 35,000,000 shares authorized; 2,325,987 and 2,338,586 shares subject to possible redemption at approximately $11.70 and $10.90 per share as of December 31, 2025 and 2024, respectively
Common Class A
Total class A common stock, $0.0001 par value; 35,000,000 shares authorized; 2,325,987 and 2,338,586 shares subject to possible redemption at approximately $11.70 and $10.90 per share as of December 31, 2025 and 2024, respectively
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024
Common stock, value
Common Class A
Common Class B
Common Stock Class B
Additional paid-in capital
Accumulated deficit
Total shareholders’ deficit
Total Liabilities, Class A Common Stock Subject to Possible Redemption and Shareholders’ Deficit

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