Cash and marketable securities held in trust account
-
-
423,689,503
419,552,466
Other assets
4,617,000
578,000
-
-
Total assets
641,454,000
612,611,000
424,866,229
421,268,662
Accounts payable
3,650,000
3,718,000
-
-
Accrued liabilities
46,306,000
9,803,000
80,223
67,450
Accrued offering costs
-
-
85,000
85,000
Contract liabilities
2,588,000
8,942,000
-
-
Promissory note-related party
-
-
0
0
Current portion of operating lease liabilities
1,002,000
1,088,000
-
-
Subscription agreement liability
-
-
75,630,352
36,544,215
Deferred consideration payable, current
0
0
-
-
Total current liabilities
53,546,000
23,551,000
75,795,575
36,696,665
Deferred underwriting fee payable
-
-
3,000,000
3,000,000
Operating lease liabilities, net of current portion
13,525,000
3,805,000
-
-
Total liabilities
67,071,000
27,356,000
78,795,575
39,696,665
Total convertible redeemable preferred stock-Series Seed Preferred Stock
0
0
-
-
Total convertible redeemable preferred stock-Series Seed Ii Preferred Stock
0
0
-
-
Total convertible redeemable preferred stock-Series APreferred Stock
0
0
-
-
Total convertible redeemable preferred stock-Series BPreferred Stock
0
0
-
-
Total convertible redeemable preferred stock-Series B1Preferred Stock
0
0
-
-
Total convertible redeemable preferred stock-Series CPreferred Stock
0
0
-
-
Classa ordinary shares subject to possible redemption, 41,400,000 and 0 shares at redemption value of 10.23 per share and 0 at december31, 2025 and 2024, respectively
-
-
423,689,503
419,552,466
Total convertible redeemable preferred stock-Series C1Preferred Stock
0
0
-
-
Common stock-Common Class A
-
-
30
30
Total convertible redeemable preferred stock
0
0
-
-
Common stock-Common Class B
-
-
1,036
1,036
Common stock 0.0001 par value per share 1,400,000,000 shares authorized 224,681,185 and 17,449,020 shares issued and outstanding as of june 30, 2026 and december 31, 2025, respectively
23,000
22,000
-
-
Additional paid-in capital
862,681,000
846,657,000
0
0
Accumulated deficit
-287,910,000
-261,349,000
-77,619,915
-37,981,535
Accumulated other comprehensive income (loss)
-411,000
-75,000
-
-
Total stockholders' equity (deficit)
574,383,000
585,255,000
-77,618,849
-37,980,469
Total liabilities, convertible redeemable preferred stock and stockholders equity (deficit)
641,454,000
612,611,000
424,866,229
421,268,662
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
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