TLNC: the balance sheet

MyFinsight

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash	2,653,957	2,872,627	3,096,635	48,000
Other receivable	-	-	185,111	-
Prepaid expenses	71,794	3,443	-	-
Prepaid insurance	77,500	77,500	77,500	-
Total current assets	2,803,251	2,953,570	3,359,246	48,000
Long-term prepaid insurance	32,292	51,667	71,042	-
Deferred offering costs	-	-	-	259,810
Cash held in trust account	254,327,006	252,095,639	249,431,925	-
Total assets	257,162,549	255,100,876	252,862,213	307,810

Accounts payable and accrued expenses	144,158	53,702	70,627	-
Accrued offering costs	75,000	75,000	75,000	259,810
Accrued expenses	-	-	-	26,837
Advances from related party-Related Party	-	-	22,905	10,420
Promissory note related party-Related Party	-	-	-	23,000
Total current liabilities	219,158	128,702	168,532	320,067
Deferred underwriting fee	10,200,000	10,200,000	10,200,000	-
Total liabilities	10,419,158	10,328,702	10,368,532	-
Class a ordinary shares subject to possible redemption, 0.0001 par value 24,900,000 and 24,900,000 shares at redemption value of 10.21 and 10.12 per share as of march 31, 2026 and december 31, 2025, respectively	254,293,961	252,012,982	249,586,184	-
Ordinary shares value-Common Class A	78	78	78	-
Ordinary shares value-Common Class B	830	830	830	863
Additional paid-in capital	-	-	-	24,137
Accumulated deficit	-7,551,478	-7,241,716	-7,093,411	-37,257
Total shareholders deficit	-7,550,570	-7,240,808	-7,092,503	-12,257
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders deficit	257,162,549	255,100,876	252,862,213	307,810

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