VMCUF: the balance sheet

MyFinsight

For the year ending 2025-12-31, VMCUF has $23,231,673 in assets. $13,080,073 in debts.

Balance Sheets	2025-12-31
Cash	1,481
Prepaid expenses	11,662
Total current assets	13,143
Cash held in trust account	23,218,530
Total assets	23,231,673

Accrued expenses and accounts payable	757,061
Advance from related party	1,653,384
Working capital loans	913,207
Convertible note - related party	1,650,941
Total current liabilities	4,974,593
Deferred underwriting fees	8,105,480
Total liabilities	13,080,073
Class a ordinary shares subject to possible redemption, 0.0001 par value 1,867,402 shares at redemption value of 12.43 and 11.89 per share as of december 31, 2025 and 2024, respectively	23,218,530
Common stock, value	550
Accumulated deficit	-13,067,480
Total shareholders deficit	-13,066,930
Total liabilities, class a ordinary shares subject to possible redemption, and shareholders deficit	23,231,673

Unit: Dollar.