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Unaudited Condensed Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q3 FY2026
As of Jun 30, 2026
Q2 FY2026
As of Mar 31, 2026
Q1 FY2026
As of Dec 31, 2025
Q4 FY2025
As of Sep 30, 2025
Q3 FY2025
As of Jun 30, 2025
Q2 FY2025
As of Mar 31, 2025
Q1 FY2025
As of Dec 31, 2024
Q4 FY2024
As of Sep 30, 2024
Q3 FY2024
As of Jun 30, 2024
Current Assets
Cash
Prepaid expenses
Total Current Assets
Deferred offering costs
Investments held in Trust Account
Total Assets
Current Liabilities
Accounts payable and accrued expenses
Due to related party – administrative expenses
Due to related party
Due to third party - Marine Thinking (target company)
Promissory note – Marine Thinking (target company)
Promissory note – related party
Public shareholder redemption payable
Total Current Liabilities
Total Liabilities
Class A ordinary shares subject to possible redemption, $0.0001 par value, 390,000,000 shares authorized, 275,101 shares and 2,930,233 shares issued and outstanding as of June 30, 2026 and September 30, 2025, respectively
Shareholders’ Deficit
Common stock value
Class A Ordinary Shares
Class B Ordinary Shares
Additional paid-in capital
Class B Ordinary Shares
Total additional paid-in capital
Accumulated deficit
Class B Ordinary Shares
Total accumulated deficit
Total Shareholders’ Deficit
Total Liabilities, Shares Subject to Possible Redemption, and Shareholders’ Deficit

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