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$OCEA
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Consolidated 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
Q3 FY2021
As of Sep 30, 2021
ASSETS
CURRENT ASSETS:
Cash
Restricted cash
Prepaid expenses
Receivable from Related Party
Deferred offering costs
Total current assets
Deferred acquisition costs
Cash and marketable securities held in Trust Account
Backstop Forward ‌Purchase Agreement asset
Backstop Forward Purchase Agreement Asset
Investment in Virion
TOTAL ASSETS
LIABILITIES AND STOCKHOLDERS’ DEFICIT
CURRENT LIABILITIES:
Accounts payable and accrued expenses
Accrued liabilities - related party
Related Party
Total accrued liabilities - related party
Short term loan-related party
Short term loans, net of issuance costs
Short-term loans, net of issuance costs
Ayrton Note Purchase Option
SPA Warrant
Total current liabilities
Deferred Underwriting Commissions
Deferred Underwriting Commissions
SPA Warrant
Ayrton Note Purchase Option
NONCURRENT LIABILITIES
Fixed maturity consideration
Backstop put option liability
Total Noncurrent Liabilities
Virion contribution liability
Total liabilities
Class A common Stock subject to possible redemption, 10,500,000 shares (at redemption value of approximately $10.52 and $10.20 per share) at December 31, 2022 and 2021, respectively
STOCKHOLDERS’ DEFICIT:
Common stock, $0.0001 par value; 300,000,000 shares authorized as of March 31, 2025, and December 31, 2024, respectively,166,010,805 and 34,868,628 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.
Common Class A
Common Class B
Additional paid-in capital
Accumulated deficit
Total stockholders’ deficit
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT

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