SPKL: the balance sheet

MyFinsight

For the year ending 2025-12-31, SPKL has $25,357,804 in assets. $7,347,552 in debts. $112,295 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash	112,295
Prepaid expenses	81,072
Total current assets	193,367
Investments held in trust	25,164,437
Total assets	25,357,804

Accrued expenses and offering costs	604,052
Related party payable	3,500
Note payable - sponsor	1,700,000
Convertible note payable - sponsor	1,540,000
Total current liabilities	3,847,552
Deferred underwriting fee payable	3,500,000
Total liabilities	7,347,552
Class a ordinary shares subject to possible redemption 2,236,713 and 10,000,000 shares at redemption value of 11.25 and 10.69 as of december 31, 2025 and 2024, respectively	25,164,437
Ordinary shares-Common Class A	400
Ordinary shares-Common Class B	242
Accumulated deficit	-7,154,827
Total shareholders' deficit	-7,154,185
Total liabilities and shareholders' deficit	25,357,804

Unit: Dollar.