KTWO: the balance sheet

MyFinsight

Balance Sheets	2026-06-30	2026-03-31	2025-12-31
Cash	823,123	990,067	550,000
Prepaid expenses	-	-	70,000
Prepaid expenses and insurance	174,568	190,408	-
Total current assets	997,691	1,180,475	620,000
Long term prepaid insurance	25,469	43,587	-
Deferred offering costs	-	-	134,679
Investments held in trust account	140,007,993	138,779,596	-
Total assets	141,031,153	140,003,658	754,679

Accrued offering costs	-	-	52,480
Accrued expenses	-	-	40,400
Advances from related party	-	-	550,000
Accounts payable and accrued expenses	239,340	196,997	-
Promissory note related party	-	-	183,856
Accrued offering costs	75,000	75,000	-
Total current liabilities	314,340	271,997	826,736
Total liabilities	314,340	271,997	826,736
Class a ordinary shares subject to possible redemption, 0.0001 par value 13,800,000 and no shares at redemption value of 10.15 and 0 per share at june 30, 2026 and december 31, 2025, respectively	140,007,993	138,779,596	-
Ordinary shares, value-Common Class A	33	33	-
Ordinary shares, value-Common Class B	591	591	591
Additional paid-in capital	-	747,686	24,409
Retained earnings (accumulated deficit)	708,196	203,755	-97,057
Total shareholders equity (deficit)	708,820	952,065	-72,057
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders equity (deficit)	141,031,153	140,003,658	754,679

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