Translational Development Acquisition Corp-A 2026年季度报告

FORM10-Q Not applicable.(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant (1)filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject tosuch filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant wasrequired 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 smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section13(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 May 15, 2026, 17,250,000 Class A ordinary shares and 4,657,500 Class B ordinary shares were issued and outstanding. TRANSLATIONAL DEVELOPMENT ACQUISITION CORP. FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026TABLE OF CONTENTS Part I. Financial InformationItem 1. Financial StatementsCondensed Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 20251Condensed Statements of Operations for the Three Months Ended March 31, 2026 and 2025(Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit for the Three Months Ended March 31,2026 and 2025 (Unaudited)3Condensed Statements of Cash Flows for the Three Months Ended March 31, 2026 and 2025(Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations19Item 3. Quantitative and Qualitative Disclosures About Market Risk22Item 4. Controls and Procedures22Part II. Other InformationItem 1. Legal Proceedings23Item 1A. Risk Factors23Item 2. Unregistered Sales of Equity Securities and Use of Proceeds23Item 3. Defaults Upon Senior Securities23Item 4. Mine Safety Disclosures23Item 5. Other Information23Item 6. Exhibits24 PART I - FINANCIAL INFORMATION TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED BALANCE SHEETS LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLEREDEMPTION, AND SHAREHOLDERS’ DEFICITCurrent liabilities Class A ordinary shares subject to possible redemption, $0.0001 par value;17,250,000 shares issued and outstanding at redemption value of $10.62 and$10.53 per share as of March 31, 2026 and December 31, 2025, respectively183,271,269181,657,311 TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT(UNAUDITED) FOR THE THREE MONTHS ENDED MARCH 31, 2026 The accompanying notes are an integral part of these unaudited condensed financial statements. TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.CONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) TRANSLATIONAL DEVELOPMENT ACQUISITION CORP.NOTES TO CONDENSED FINANCIAL STATEMENTSMARCH 31, 2026(Unaudited) NOTE1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS, RISKS AND LIQUIDITY Translational Development Acquisition Corp. (the “Company”) was incorporated in the Cayman Islands onApril 19, 2022. The Company was incorporated for the purpose of effecting a merger, amalgamation, stock exchange,asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the“Business Combination”). The Company is an emerging growth company and, as such, the Company is subject to allof the risks associated with emerging growth companies. As of March 31, 2026, the Company had not commenced any operations. All activity for the period fromApril 19, 2022 (inception) through March 31, 2026, relates to the Company’s formation and the initial public offering(the “Initial Public Offering”), as described below, and subsequent to the Initial Public Offering, identifying a targetcompany for a Business Combination. The Company will not generate any operating revenues until after thecompletion of its initial Business Combination, at the earliest. The Company will generate non-operating income in theform of divid