IPCXU: the balance sheet

MyFinsight

For the year ending 2025-12-31, IPCXU has $261,134,426 in assets. $15,020,893 in debts. $1,126,011 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash	1,126,011
Prepaid expenses and other current assets	174,127
Total current assets	1,300,138
Long-term prepaid insurance	53,557
Other receivable dividend income	824,770
Cash and marketable securities held in trust account	258,955,961
Total assets	261,134,426

Accounts payable and accrued expenses	302,149
Accrued offering costs	75,000
Advances from related party	80,638
Promissory note related party	187
Total current liabilities	457,974
Deferred legal fees	2,517,919
Deferred underwriting fee payable	12,045,000
Total liabilities	15,020,893
Class a ordinary shares subject to possible redemption, 25,300,000 and no shares at a redemption value of 10.17 and 0 per share as of september 30, 2025 and december 31, 2024, respectively	259,780,731
Ordinary shares, value-Common Class A	74
Ordinary shares, value-Common Class B	844
Accumulated deficit	-13,668,116
Total shareholders deficit	-13,667,198
Total liabilities and shareholders deficit	261,134,426

Unit: Dollar.