Kartika Acquisition Company - A 2025年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☒No☐ As of May 14, 2025, there were6,098,096ClassA ordinary shares, par value $0.0001 per share, and1,000,000ClassBordinary shares, par value $0.0001 per share, of the registrant issued and outstanding. CARTICA ACQUISITION CORP FORM 10-Q FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 TABLE OF CONTENTS PartI.Financial InformationItem1.Financial Statements.Condensed Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 2024Condensed Statements of Operations for the Three Months Ended March 31, 2025 and 2024(Unaudited)Condensed Statements of Changes in Shareholders’ Deficit for the Three Months Ended March31, 2025 and 2024 (Unaudited)Condensed Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024(Unaudited)Notesto Condensed Financial Statements (Unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.Item3.Quantitative and Qualitative Disclosures Regarding Market Risk.Item4.Controls and Procedures.PartII.Other InformationItem1.Legal Proceedings.Item1A.Risk Factors.Item2.Unregistered Sales of Equity Securities and Use of Proceeds.Item3.Defaults Upon Senior Securities.Item4.Mine Safety Disclosures.Item5.Other Information.Item6.Exhibits.Signatures CARTICA ACQUISITION CORPCONDENSED BALANCE SHEETS CARTICA ACQUISITION CORPCONDENSED STATEMENTS OF OPERATIONS CARTICA ACQUISITION CORPCONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT CARTICA ACQUISITION CORPNOTES TO CONDENSED FINANCIAL STATEMENTS NOTE1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Cartica Acquisition Corp (the “Company”) was incorporated in the Cayman Islands on February 3, 2021. TheCompany was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, The Company is not limited to a particular industry or geographic region for purposes of consummating aBusiness Combination. The Company is an early stage and emerging growth company and, as such, the Company On January 7, 2022, the Company closed its initial public offering (the “IPO”) and completed the sale of23,000,000units (the “Units”), including3,000,000Units sold pursuant to the full exercise of the underwriter’soption to purchase additional units to cover over-allotments, each Unit consisting of (i)oneClass A ordinaryshare of the Company, par value $0.0001per share (collectively, the “Class A ordinary shares”), and (ii)one-halfof one redeemable warrant of the Company (collectively, the “Warrants”). Each whole Warrant entitles the holder Simultaneously with the closing of the IPO, the Company completed the private sale of an aggregate of15,900,000warrants (the “Private Placement Warrants”) to Cartica Acquisition Partners, LLC (the “Sponsor”) ata purchase price of $1.00 per Private Placement Warrant, generating gross proceeds to the Company of$15,900,000. The Private Placement Warrants are identical to the Warrants sold as part of the Units in the IPO,except that the Private Placement Warrants, so long as they are held by the Sponsor or its permitted transferees,(i) will not be redeemable by the Company (except as described in the registration statement for the Company’sIPO (the “Registration Statement”)); (ii) may not (and the Class A ordinary shares issuable upon exercise of such Transaction costs amounted to $13,295,086consisting of $12,650,000of underwriting discount and $645,086of The Company’s management has broad discretion with respect to the specific application of the net proceeds ofthe IPO and the sale of Private Placement Warrants, although substantially all of the net proceeds are intended tobe applied generally toward consummating a Business Combination. The Company will only complete aBusiness Combination if the post-transaction company owns or acquires50% or more of the issued andoutstanding voting securities of the target or otherwise acquires a controlling interest in the target businesssufficient for it not to be required to register as an investment company under the Investment Company Act of1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able tocomplete a Business Combination successfully. At the closing of the IPO, an amount equal to at least $10.30perUnit sold in the IPO, including proceeds from the sale of the Private Placement Warrants, were deposited in atrust account (the “Trust Accou