IRAB-UN: the balance sheet

MyFinsight

Balance Sheets	2026-06-30	2026-03-31	2025-12-31
Cash	699,573	854,833	-
Prepaid expense and insurance	73,105	76,410	-
Total current assets	772,678	931,243	-
Deferred offering costs	0	0	-
Long-term prepaid insurance	39,601	56,629	-
Deferred offering costs-non-current asset	-	-	139,598
Cash held in trust account	170,942,950	169,419,562	-
Total assets	171,755,229	170,407,434	139,598

Accounts payable and accrued expenses	183,305	97,863	-
Accrued expenses	-	-	23,592
Offering costs payable	132,274	134,029	-
Accrued offering costs	-	-	83,223
Short-term loan	63,207	84,634	-
Promissory note related party	-	-	75,806
Promissory note - related party	0	0	-
Total current liabilities	378,786	316,526	182,621
Deferred underwriting fee payable	7,115,000	7,115,000	-
Total liabilities	7,493,786	7,431,526	182,621
Class a ordinary shares subject to possible redemption, 0.0001 par value 16,850,000 and no shares at a redemption value of 10.14 and 0 per share as of june 30, 2026 and december 31, 2025, respectively	170,942,950	169,419,562	-
Common stock value-Common Class A	44	44	0
Common stock value-Common Class B	562	562	575
Stock subscription receivable from sponsor	-	-21,960	-
Additional paid-in capital	0	0	24,425
Accumulated deficit	-6,682,113	-6,422,300	-68,023
Total shareholders deficit	-6,681,507	-6,443,654	-43,023
Total liabilities, class a ordinary shares subject to possible redemption and shareholders deficit	171,755,229	170,407,434	139,598

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