MBAV: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, MBAV has $310,595,407 in assets. $21,397,317 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Other	-	-	-	0
Cash	876,078	1,175,051	1,683,134	799,996
Prepaid expenses, current	139,510	124,844	235,781	242,230
Due from related party	527	527	527	527
Total current assets	1,016,115	1,300,422	1,919,442	1,042,753
Long-term prepaid expense	-	-	3,839	20,291
Investments held in trust account	309,579,292	306,880,908	303,948,781	300,806,115
Total assets	310,595,407	308,181,330	305,872,062	301,869,159

Advances from related party-Related Party	-	-	24,440	0
Accrued expenses	4,397,317	4,796,309	4,159,623	939,767
Convertible promissory note related party	2,500,000	2,500,000	2,000,000	500,000
Accrued offering costs	-	-	-	250,000
Promissory note related party	1,100,000	-	-	-
Total current liabilities	7,997,317	7,296,309	6,184,063	1,689,767
Deferred underwriting fee payable	13,400,000	13,400,000	13,400,000	13,400,000
Total liabilities	21,397,317	20,696,309	19,584,063	15,089,767
Class a ordinary shares subject to possible redemption, 28,750,000 shares at redemption value of approximately 10.77 and 10.67 per share as of march 31, 2026 and december 31, 2025, respectively	309,579,292	306,880,908	303,948,781	300,806,115
Ordinary shares, value	719	719	719	719
Ordinary shares value-Common Class A	-	-	-	0
Additional paid-in capital	-	-	-	0
Accumulated deficit	-20,381,921	-19,396,606	-17,661,501	-14,027,442
Total shareholders deficit	-20,381,202	-19,395,887	-17,660,782	-14,026,723
Total liabilities, ordinary shares subject to possible redemption and shareholders deficit	310,595,407	308,181,330	305,872,062	301,869,159

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