For the year ending 2025-12-31, EMAT has $6,610,223 in assets. $12,216,774 in debts. $4,022 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash | 4,022 | |||
| Prepaid taxes | 141,227 | |||
| Total current assets | 145,249 | |||
| Restricted cash held in trust account | 6,464,974 | |||
| Total assets | 6,610,223 | |||
| Accounts payable and accrued expenses | 3,627,213 | |||
| Due to affiliates-Due To Affiliates | 533,663 | |||
| Income taxes payable | 186,609 | |||
| Convertible promissory notes related party-Related Party | 2,296,371 | |||
| Working capital loans related party | 2,868,228 | |||
| Total current liabilities | 9,512,084 | |||
| Deferred underwriting fee payable | 2,704,690 | |||
| Total liabilities | 12,216,774 | |||
| Common stock subject to possible redemption, 0.0001 par value, 564,337 shares at redemption value of 11.34 per share at december 31, 2025 and 1,082,789 shares at redemption value of 11.22 per share at december 31, 2024, respectively | 6,402,319 | |||
| Common stock 0.0001 par value 100,000,000 shares authorized 2,283,976 shares issued and outstanding at december 31, 2025 and 2024 (excluding 564,337 shares at december 31, 2025 and 1,082,789 shares at december 31, 2024 subject to redemption) | 228 | |||
| Accumulated deficit | -12,009,098 | |||
| Total stockholders deficit | -12,008,870 | |||
| Total liabilities, redeemable common stock, and stockholders deficit | 6,610,223 | |||
Evolution Metals & Technologies Corp. (EMAT)
Evolution Metals & Technologies Corp. (EMAT)