Investcorp AI Acquisition Corp Unit 2026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 quarterly period ended September 30, 2025 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41383 LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)(Exact name of registrant as specified in its charter) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section13 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 Rule405 of Regulation S-T during the preceding 12 months. Yes☐No☒ Large accelerated filer☐Accelerated filer☐Non-accelerated filer☒Smaller reporting company☒Emerging growthcompany☒ 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 Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of May27, 2026, there were 6,482,874 Class A ordinary shares, par value $0.0001, and 1 Class B ordinary share, par value $0.0001per share, issued and outstanding. LIBITY (formerly INVESTCORP AI ACQUISITION CORP.) TABLE OF CONTENTS PART I. FINANCIAL INFORMATIONItem 1. Financial Statements1Condensed Balance Sheets as of September30, 2025 (Unaudited) and December31, 20241Condensed Statements of Operations for the three and nine months ended September30, 2025 (Unaudited) andSeptember30, 2024 (Unaudited)2Condensed Statements of Changes in Shareholders’ Deficit for the three and nine months ended September30, 2025(Unaudited) and September30, 2024 (Unaudited)3Condensed Statements of Cash Flows for the nine months ended September30, 2025 (Unaudited) and September30,2024 (Unaudited)4Notes to Condensed Financial Statements (Unaudited)5Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations20Item 3. Quantitative and Qualitative Disclosures About Market Risk25Item 4. Controls and Procedures25PART II. OTHER INFORMATIONItem 1. Legal Proceedings26Item 1A. Risk Factors26Item 2. Unregistered Sales of Equity Securities and Use of Proceeds from Registered Securities27Item 3. Defaults Upon Senior Securities27Item 4. Mine Safety Disclosures27Item 5. Other Information27Item 6. Exhibits28 LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)CONDENSED BALANCE SHEETS LIABILITIES, REDEEMABLE ORDINARY SHARES AND SHAREHOLDERS’ DEFICITCurrent Liabilities LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)CONDENSED STATEMENTS OF OPERATIONS(UNAUDITED) LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICITFOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025(UNAUDITED) LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)CONDENSED STATEMENTS OF CASH FLOWS(UNAUDITED) LIBITY (formerly INVESTCORP AI ACQUISITION CORP.)NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)September30, 2025 NOTE 1. DESCRIPTION OF ORGANIZATION AND BUSINESS OPERATIONS Libity (formerly Investcorp AI Acquisition Corp.) (the “Company”) is a blank check company incorporated in the Cayman Islands onFebruary 19, 2021. The Company was formed for the purpose of effectuating a merger, capital stock exchange, asset acquisition, stockpurchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”). TheCompany is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with earlystage and emerging growth companies. As of September30, 2025, and for the period from February19, 2021 (inception) through September30, 2025, the Company had notyet commenced any operations. All activities for the period from February19, 2021 (inception) through September30, 2025, relate tothe Company’s formation, the initial public offering (the “Initial Public Offering” or “IPO”), identifying a target for a BusinessCombination, and, effective August28, 2025, the change in sponsorship described below. The Company will not generate anyoperating revenue until after the completion of its initial Business Combination, at the earliest. On May12, 2022, the Company consummated its Initial Public Offering of 22,500,000 units (the “Units”), at $10.00 per Unit,generating gross proceeds of $225,000,000. The underwriter also exercised its over-allotment option in full, resulting in an additional3,375,000 Units issued for an aggregate amount of $33