LAFA: the balance sheet

MyFinsight

For the year ending 2025-12-31, LAFA has $116,744,813 in assets. $4,124,850 in debts.

Balance Sheets	2025-12-31
Cash	813,817
Prepaid expenses	15,435
Prepaid insurance	75,000
Total current assets	904,252
Long-term prepaid insurance	60,685
Marketable securities held in trust account	115,779,876
Total assets	116,744,813

Accounts payable and accrued expenses	24,850
Accrued offering costs	75,000
Total current liabilities	99,850
Deferred underwriting fee	4,025,000
Total liabilities	4,124,850
Ordinary shares subject to possible redemption, 0.0001 par value 11,500,000 and no shares at redemption value of 10.07 and 0 per share at december 31, 2025 and 2024, respectively	115,779,876
Ordinary shares, 0.0001 par value 200,000,000 shares authorized 4,213,333 and 3,833,333 shares issued and outstanding (excluding 11,500,000 and 0 shares subject to possible redemption) at december 31, 2025 and 2024, respectively	421
Accumulated deficit	-3,160,334
Total shareholders deficit	-3,159,913
Total liabilities, ordinary shares subject to possible redemption, and shareholders deficit	116,744,813

Unit: Dollar.