SORN: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, SORN has $257,251,355 in assets. $297,169 in debts.

Balance Sheets	2026-03-31
Cash	1,982,569
Prepaid expenses	76,321
Short-term prepaid insurance	116,125
Total current assets	2,175,015
Long-term prepaid insurance	88,967
Cash and marketable securities held in trust account	254,987,373
Total assets	257,251,355

Accounts payable and accrued expenses	35,795
Accrued offering costs	75,000
Total current liabilities	110,795
Deferred legal fees	186,374
Total liabilities	297,169
Class a ordinary shares subject to possible redemption, 25,300,000 shares and no shares at a redemption value of 10.08 and 0 per share as of march 31, 2026 and december 31, 2025, respectively	254,987,373
Ordinary shares, value-Common Class A	100
Ordinary shares, value-Common Class B	843
Additional paid-in capital	364,880
Retained earnings (accumulated deficit)	1,600,990
Total shareholders equity (deficit)	1,966,813
Total liabilities, class a ordinary shares subject to possible redemption and shareholders equity (deficit)	257,251,355

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