翻译开发收购公司-A 2025年季度报告

March31,2025(Unaudited) Current assetsCash$206,600$438,174Prepaid expenses208,822212,059Total Current Assets415,422650,233Marketable securities held in Trust Account176,180,828174,350,34TOTAL ASSETS$176,596,250$175,000,57LIABILITIES CLASS A ORDINARY SHARES SUBJECT TOPOSSIBLE REDEMPTION, AND SHAREHOLDERS’ DEFICITCurrent liabilitiesAccounts payable and accrued expenses$225,477$16,189Due to Sponsor22,4232,000Accrued offering costs75,000192,114Total Current Liabilities322,900210,303Deferred underwriting fee6,037,5006,037,500TOTAL LIABILITIES6,360,4006,247,803Commitment and Contingencies (Note 6)Class A ordinary shares subject to possible redemption, $0.0001par value;17,250,000shares at redemption value of $10.21and $10.11per share as ofMarch 31, 2025 and December 31, 2024, respectively176,180,828174,350,34 NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025(Unaudited) NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025(Unaudited)In connection with the Company’s assessment of going concern considerations in accordance with NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025 with the requirements that apply to non-emerging growth companies but any such election to opt out isirrevocable. The Company has elected not to opt out of such extended transition period, which means that when astandard is issued or revised and it has different application dates for public or private companies, the Company,as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025(Unaudited) ●Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectlyobservable such as quoted prices for similar instruments in active markets or quoted prices for identicalor similar instruments in markets that are not active; and will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periodsin which the differences are expected to affect taxable income. Valuation allowances are established, whennecessary, to reduce deferred tax assets to the amount expected to be realized.ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits asincome tax expense. As of March 31, 2025 and December 31, 2024, there werenounrecognized tax benefits and noamounts accrued for interest and penalties. The Company is currently not aware of any issues under reviewthat could result in significant payments, accruals or material deviation from its position. other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in theCayman Islands or the United States. As such, the Company’s tax provision waszerofor the periods presented.Net Income per Ordinary Share Share.” Net income per ordinary share is computed by dividing net income by the weighted average number ofordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. March 31, 2024 excludes an aggregate of up to607,500ordinary shares subject to forfeiture if the over-allotment was notexercised in full or in part by the underwriters. At the closing of the Initial Public Offering on December 24,2024, the underwriters exercised their over-allotment option in full. As such, the607,500Founder Shares are no Shares that were subject to forfeiture, the Company did not have any dilutive securities and other contracts thatcould, potentially, be exercised or converted into common shares and then share in the earnings of the Company. The following table reflects the calculation of basic and diluted net income per ordinary share (indollars, except per share amounts):Basic and diluted net income per ordinary shareFor the Three Months Ended March31,20252024RedeemableNon-redeemableRedeemableNon-redeemable Denominator:Basic and diluted weighted average ordinary shares outstanding000—0Basic and diluted net income per ordinary share$0.07$0.07$—$— Financial instruments that potentially subject the Company to concentrations of credit risk consist ofcash accounts in a financial institution, which, at times, may exceed the Federal Deposit Insurance Corporation NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025(Unaudited) The Public Shares contain a redemption feature which allows for the redemption of such Public Sharesin connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with NOTE4. RELATED PARTIES “Founder Shares”) of the Company’s ClassB ordinary shares, par value $0.0001(“ClassB ordinary shares”) foran aggregate price of $25,000. Subsequently, on August29, 2024, the Company amended the terms of thesubscription agreement to issue the Former Sponsor an additional345,000Founder Shares fornoadditionalconsideration, following which the Former Sponsor h