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Unaudited Condensed Consolidated 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 Oct 4, 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
Current Assets:
Cash
Other current assets
Investments held in the Trust Account
Total Current Assets
Investments held in the Trust Account
Cash in transit to Trust Account
Total Assets
Current liabilities:
Promissory note – related party
Due to a related party
Promissory notes – a related party
Accrued expenses and other payable
Derivative Warrant Liability – Private Warrant
Deposit from the target company
Class A ordinary shares to be redeemed
Total Current Liabilities
Derivative warrant liability – private warrant
Deferred underwriting commission
Deferred underwriting commission
Total Liabilities
Class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 3,577,425 and 4,257,354 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively
Class A Ordinary Shares
Total class A ordinary shares subject to possible redemption, $0.0001 par value; 500,000,000 shares authorized; 3,577,425 and 4,257,354 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively
Shareholders’ Deficit:
Ordinary shares, value
Class A Ordinary Shares
Class B Ordinary Shares
Total ordinary shares, value
Class B ordinary shares, $0.0001 par value, 50,000,000 shares authorized, 1,437,500 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively
Additional paid-in capital
Accumulated deficit
Total Shareholders’ Deficit
Total Liabilities, Ordinary Shares Subject to Possible Redemption and Shareholders’ Deficit

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