Insight Digital Partners II-A 2025年季度报告

FORM 10-Q (MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarter ended September 30, 2025 Commission file number: 001-42919 INSIGHT DIGITAL PARTNERS II(Exact Name of Registrant as Specified in Its Charter) N/A(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ 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,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☒No☐ As of December 8, 2025, there were 17,250,000 Class A ordinary shares, par value $0.0001 per share, issued and outstanding, and5,750,000 Class B ordinary shares, par value $0.0001 per share, issued and outstanding. INSIGHT DIGITAL PARTNERS IIFORM 10-Q FOR THE QUARTER ENDED SEPTEMBER 30, 2025 TABLE OF CONTENTS PagePart I. Financial Information1Item 1. Interim Financial Statements1Condensed Balance Sheet as of September 30, 2025 (Unaudited)1Condensed Statement of Operations for the Period from July 11, 2025 (Inception) Through September 30, 2025(Unaudited)2Condensed Statement of Changes in Shareholders’ Deficit for the Period from July 11, 2025 (Inception) ThroughSeptember 30, 2025 (Unaudited)3Condensed Statement of Cash Flows for the Period from July 11, 2025 (Inception) Through September 30, 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations17Item 3. Quantitative and Qualitative Disclosures About Market Risk19Item 4. Controls and Procedures19Part II. Other Information20Item 1. Legal Proceedings20Item 1A. Risk Factors20Item 2. Unregistered Sales of Equity Securities and Use of Proceeds20Item 3. Defaults Upon Senior Securities20Item 4. Mine Safety Disclosures20Item 5. Other Information20Item 6. Exhibits21Part III. Signatures22 PART I - FINANCIAL INFORMATION INSIGHT DIGITAL PARTNERS IICONDENSED BALANCE SHEETSEPTEMBER 30, 2025(UNAUDITED) Liabilities and Shareholders’ DeficitCurrent liabilities Commitments and Contingencies (Note 7) Shareholders’ DeficitPreference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding —Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding—Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 5,750,000 shares issued and outstanding(1)575Additional paid-in capital24,425Accumulated deficit(51,521)Total Shareholders’ Deficit(26,521)Total Liabilities and Shareholders’ Deficit$229,054 (1)Includes an aggregate of up to 750,000 ClassB ordinary shares subject to forfeiture by the holders thereof depending on the extentto which the underwriters’ over-allotment option was exercised (Note7). On October 30, 2025, the Company consummated itsInitial Offering and sold 17,250,000Units, including 2,250,000 Units sold pursuant to the exercise of the underwriters’ option infull to purchase additional units to cover the over-allotment; hence, the 750,000 shares of Class B ordinary shares were no longersubject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. INSIGHT DIGITAL PARTNERS IICONDENSED STATEMENT OF OPERATIONSFOR THE PERIOD FROM JULY 11, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025(UNAUDITED) (1)Excludes an aggregate of up to 750,000 ClassB ordinary shares subject to forfeiture by the holders thereof depending on theextent to which the underwriters’ over-allotment option was exercised (Note7). On October 30, 2025, the Company consummatedits Initial Offering and sold 17,250,000Units, including 2,250,000