XRPNW: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, XRPNW has $239,306,727 in assets. $14,295,577 in debts.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30
Cash	88,640	287,074	361,105
Prepaid expenses	91,398	32,517	50,067
Prepaid insurance	91,573	125,913	137,360
Total current assets	271,611	445,504	548,532
Prepaid insurance long-term	0	0	22,893
Cash and marketable securities held in trust account	239,035,116	236,930,055	234,628,166
Total assets	239,306,727	237,375,559	235,199,591

Accrued offering costs	75,000	75,000	75,000
Accrued expenses	-	-	1,403,430
Accounts payable and accrued expenses	4,982,190	4,183,158	-
Total current liabilities	5,057,190	4,258,158	1,478,430
Deferred professional fees	38,387	37,564	37,564
Deferred underwriting fee payable	9,200,000	9,200,000	9,200,000
Total liabilities	14,295,577	13,495,722	10,715,994
Classa ordinary shares subject to possible redemption, 23,000,000 shares at a redemption value of 10.39 and 10.20 per share as of march31, 2026 and september30, 2025, respectively	239,035,116	236,930,055	234,628,166
Common shares-Common Class A	71	71	71
Common shares-Common Class B	788	788	788
Additional paid-in capital	0	0	0
Accumulated deficit	-14,024,825	-13,051,077	-10,145,428
Total shareholders' deficit	-14,023,966	-13,050,218	-10,144,569
Total liabilities, class a ordinary shares subject to possible redemption and shareholders' deficit	239,306,727	237,375,559	235,199,591

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