Translation Development Acquisition Company-A 2025 Quarter Report

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit suchfiles).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ TRANSLATIONAL DEVELOPMENT ACQUISITION CORP. Part I. Financial Information Item 1. Interim Financial StatementsCondensed 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 March 31,2025 and 2024 (Unaudited)Condensed Statements of Cash Flows for the three months ended March 31, 2025 and 2024(Unaudited)Notes to Condensed Financial Statements (Unaudited)Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPart II. Other InformationItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of ProceedsItem 3. Defaults Upon Senior SecuritiesItem 4. Mine Safety DisclosuresItem 5. Other InformationItem 6. ExhibitsPart III. Signatures PART I - FINANCIAL INFORMATION TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED BALANCE SHEETS TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF OPERATIONS TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT THREE MONTHS ENDED MARCH 31, 2025 TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF CASH FLOWS TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2025 NOTE1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS, RISKS AND LIQUIDITY Translational Development Acquisition Corp. (the “Company”) was incorporated in the Cayman Islandson April19, 2022. The Company was incorporated for the purpose of effecting a merger, amalgamation, shareexchange, asset acquisition, share purchase, reorganization or similar business combination with one or morebusinesses (the “Business Combination”). The Company has not selected any specific Business Combination As of March 31, 2025, the Company had not commenced any operations. All activity for the period fromApril 19, 2022 (inception) through March 31, 2025, relates to the Company’s formation and the initial publicoffering (the “Initial Public Offering”), as described below, and subsequent to the Initial Public Offering,identifying a target company for a Business Combination. The Company will not generate any operating revenues Theregistration statement for the Company’s Initial Public Offering was declared effective onDecember20, 2024. On December 24, 2024, the Company consummated the Initial Public Offering of17,250,000units (each, a “Unit” and collectively, the “Units”, and each share included in the Unit noted as the“Public Shares”), which includes the full exercise by the underwriters of their over-allotment option in theamount of2,250,000Units, at $10.00per Unit, generating gross proceeds of $172,500,000, which is described in Transactioncosts amounted to$10,243,554,consisting of$3,450,000 of cash underwriting fee, The Company’s management has broad discretion with respect to the specific application of the netproceeds of the Initial Public Offering and the sale of Private Placement Warrants, although substantially all of The Company must complete one or more initial Business Combinations having an aggregate fairmarket value of at least 80% of the assets held in the Trust Account (as defined below) (excluding income taxespayable on income earned on the Trust Account, if any) at the time of the agreement to enter into the initialBusiness Combination. However, the Company will only complete a Business Combination if the post- Following the closing of the Initial Public Offering, on December24, 2024, an amount of $174,225,000($10.10per Unit) from the net proceeds of the sale of the Units and the sale of the Private Placement Warrantswas placed in the trust account (the “Trust Account”) will be invested only in U.S. government securities, withinthe meaning set forth in Section2(a)(16) of the Investment Company Act, with a maturity of 185days or less or