VHCPW: the balance sheet

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Balance Sheets	2026-06-30	2026-03-31	2025-12-31
Cash and cash equivalents	2,038	2,344	2,845
Prepaid expenses	244	278	259
Total current assets	2,282	2,622	3,104
Investment in trust account	234,316	232,262	230,229
Total assets	236,598	234,884	233,333

Accounts payable	87	118	105
Accrued liabilities	64	73	250
Deferred compensation	-	-	15
Deferred compensation - related parties	213	114	-
Total current liabilities	364	305	370
Deferred underwriting payable	8,050	8,050	8,050
Deferred legal payable	61	51	51
Total liabilities	8,475	8,406	8,471
Class a ordinary shares subject to possible redemption, 23,000,000 shares at redemption value at june 30, 2026 and december 31, 2025, respectively of 10.19 and 10.01, per share	234,316	232,262	230,229
Ordinary shares value	1	1	1
Accumulated deficit	-6,194	-5,785	-5,368
Total shareholders deficit	-6,193	-5,784	-5,367
Total liabilities and shareholders deficit	236,598	234,884	233,333

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.