TLGWF: the balance sheet

MyFinsight

For the year ending 2025-12-31, TLGWF has $6,447,220 in assets. $21,752,370 in debts.

Balance Sheets	2025-12-31
Cash	77,415
Prepaid expenses	25,000
Total current assets	102,415
Cash and investments held in trust account	6,344,805
Total assets	6,447,220

Accounts payable and accrued expenses	199,370
Accrued offering costs	5,000
Convertible promissory note payable former sponsor	2,912,000
Convertible promissory note payable current sponsors	2,977,325
Total current liabilities	6,093,695
Derivative warrant liabilities	14,793,675
Deferred underwriting commission	865,000
Total liabilities	21,752,370
Class a ordinary shares subject to possible redemption 489,887 and 3,717,207 shares (at redemption value of 12.95 and 11.92) at december 31, 2025 and 2024, respectively	6,344,916
Ordinary shares-Common Class A	534
Ordinary shares-Common Class B	11
Accumulated deficit	-21,650,611
Total shareholders' deficit	-21,650,066
Liabilities, ordinary shares subject to possible redemption and shareholders' deficit	6,447,220

Unit: Dollar.