TVAIR: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, TVAIR has $208,469,579 in assets. $9,302,574 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Due from sponsor	-	-	461,395	603,901
Cash	131,087	257,966	-	-
Prepaid expenses	159,831	178,897	186,525	175,375
Total current assets	290,918	436,863	647,920	779,276
Deferred offering costs	-	0	0	0
Long-term prepaid insurance	0	23,832	67,684	111,535
Investments held in trust account	208,178,661	206,357,012	204,376,740	202,248,578
Total assets	208,469,579	206,817,707	205,092,344	203,139,389

Accounts payable and accrued expenses	94,853	26,100	52,214	61,293
Accrued offering costs	128,100	128,100	71,448	79,448
Due to related party	1,300	1,300	1,300	1,300
California franchise taxes payable	498,282	-	-	-
Promissory note - related party	10	10	10	10
Total current liabilities	722,545	155,510	124,972	142,051
Deferred legal fees	1,011,279	920,140	811,445	811,445
Deferred underwriting fee payable	7,568,750	7,568,750	7,568,750	7,568,750
Total liabilities	9,302,574	8,644,400	8,505,167	8,522,246
Class a ordinary shares subject to possible redemption, 20,125,000 shares at redemption value of 10.32 and 10.25 per share as of march 31, 2026 and december 31, 2025, respectively	207,680,379	206,357,012	204,376,740	202,248,578
Ordinary shares-Common Class A	36	36	36	36
Ordinary shares-Common Class B	671	671	671	671
Additional paid-in capital	0	0	0	0
Accumulated deficit	-8,514,081	-8,184,412	-7,790,270	-7,632,142
Total shareholders' deficit	-8,513,374	-8,183,705	-7,789,563	-7,631,435
Total liabilities, ordinary shares subject to possible redemption and shareholders' deficit	208,469,579	206,817,707	205,092,344	203,139,389

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