ITHA: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30
Cash	653,598	753,828	NaN
Prepaid expenses	138,686	205,037	NaN
Total current assets	792,284	958,865	NaN
Long-term prepaid expenses	87,551	118,331	NaN
Deferred offering costs	NaN	NaN	30,900
Cash and marketable securities held in trust account	232,255,318	230,296,082	NaN
Total assets	233,135,153	231,373,278	30,900

Accounts payable and accrued expenses	619	2,500	NaN
Accrued offering costs	NaN	86,500	5,000
Due to sponsor	NaN	8,468	NaN
Accrued offering costs	75,000	NaN	NaN
Accrued expenses	NaN	NaN	27,218
Total current liabilities	75,619	97,468	NaN
Promissory note - related party	NaN	NaN	11,320
Deferred underwriting fee	9,800,000	9,800,000	NaN
Total liabilities	9,875,619	9,897,468	43,538
Class a ordinary shares subject to possible redemption, 0.0001 par value 23,000,000 shares at redemption value of 10.10 and 10.01 per share as of march 31, 2026 or december 31, 2025, respectively	232,255,318	230,296,082	NaN
Common shares value issued	767	767	767
Additional paid-in capital	NaN	NaN	24,233
Accumulated deficit	-8,996,551	-8,821,039	-37,638
Total shareholders' deficit	-8,995,784	-8,820,272	-12,638
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders' deficit	233,135,153	231,373,278	30,900

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