INACU: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, INACU has $118,951,944 in assets. $4,103,418 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	458,473	666,920	717,051	-
Prepaid expense	156,346	93,208	47,554	0
Cash	-	-	-	5,771
Prepaid insurance, current portion	-	-	90,758	-
Total current assets	614,819	760,128	855,363	5,771
Prepaid insurance, net of current portion	2,773	25,463	48,152	-
Deferred offering costs	-	-	-	311,169
Marketable securities held in trust account	118,334,352	117,298,371	116,165,212	-
Total assets	118,951,944	118,083,962	117,068,727	316,940

Advances from related party-Related Party	-	-	-	0
Promissory note related party-Related Party	-	-	-	175,000
Accrued expenses	-	-	330	35,750
Accounts payable	-	9,042	-	-
Accounts payable and accrued expenses	3,418	-	-	-
Accrued offering cost	75,000	75,000	75,000	208,631
Total current liabilities	78,418	84,042	75,330	419,381
Deferred underwriting fee payable	4,025,000	4,025,000	4,025,000	-
Total liabilities	4,103,418	4,109,042	4,100,330	419,381
Ordinary shares subject to possible redemption, 11,500,000 shares at a redemption value of 10.29 and 10.20 per share at march 31, 2026 and december 31, 2025, respectively	118,334,352	117,298,371	116,165,212	-
Ordinary shares, 0.0001 par value 200,000,000 shares authorized 3,255,000 shares issued and outstanding at march 31, 2026 and december 31, 2025, respectively	326	326	326	288
Additional paid-in capital	-	-	-	113,462
Accumulated deficit	-3,486,152	-3,323,777	-3,197,141	-216,191
Total shareholders deficit	-3,485,826	-3,323,451	-3,196,815	-102,441
Total liabilities and shareholders deficit	118,951,944	118,083,962	117,068,727	316,940

Unit: Dollar. Numbers labeled with * are estimated quarterly values.