SPEG: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, SPEG has $118,533,882 in assets. $8,367,206 in debts. $237,393 in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	237,393	378,794	452,101	-
Prepaid expenses	157,954	147,763	176,396	282
Total current assets	395,347	526,557	628,497	282
Marketable securities held in trust account	118,138,535	117,108,805	115,989,876	-
Deferred offering costs	-	-	-	278,689
Long-term prepaid insurance	-	4,013	28,088	-
Total assets	118,533,882	117,639,375	116,646,461	278,971

Promissory note - related party-Related Party	-	-	-	179,649
Accounts payable and accrued expenses	77,481	59,771	31,569	79
Accrued offering costs	-	75,000	75,000	170,683
Advance from related party-Related Party	-	-	79	-
Accrued offering costs	75,000	-	-	-
Total current liabilities	152,481	134,771	106,648	-
Derivative liability-Public Rights	2,875,000	2,760,000	2,875,000	-
Derivative liability-Private Warranty	1,314,725	1,557,475	1,494,075	-
Deferred underwriting fee	4,025,000	4,025,000	4,025,000	-
Total liabilities	8,367,206	8,477,246	8,500,723	350,411
Class a ordinary shares subject to possible redemption, 11,500,000 shares at redemption value of approximately 10.27 per share and 10.18 per share as of march 31, 2026 and december 31, 2025 respectively	118,138,535	117,108,805	115,989,876	-
Ordinary shares, value	383	383	383	383
Ordinary shares, value-Common Class A	-	-	-	0
Additional paid-in capital	-	-	-	24,617
Accumulated deficit	-7,972,242	-7,947,059	-7,844,521	-96,440
Total shareholders deficit	-7,971,859	-7,946,676	-7,844,138	-71,440
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders deficit	118,533,882	117,639,375	116,646,461	278,971

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