West Enclave Merger Corp 2026年季度报告

(MARK ONE)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the quarter ended March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF1934 For the transition period fromto Commission file number: 001-43259 West Enclave Merger Corp.(Exact Name of Registrant as Specified in Its Charter) N/A(I.R.S. EmployerIdentification No.) Cayman Islands(State or other jurisdiction ofincorporation or organization) (305) 354-0128(Issuer’s telephone number) 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 Securities Exchange Act of 1934during 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 filingrequirements for the past 90 days.Yes☐No☒ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (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 Rule 12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒ Acceleratedfiler☐Smallerreportingcompany☒Emerging growthcompany☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew 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 June9, 2026 there were 16,049,583 ordinary shares, $0.0001 par value, issued and outstanding. Table of Contents WEST ENCLAVE MERGER CORP.FORM 10-Q FOR THE QUARTER ENDED MARCH31, 2026 TABLE OF CONTENTS Part I. Financial InformationItem 1. Interim Financial StatementsCondensed Balance Sheets as of March31, 2026 (Unaudited) and December31, 2025Condensed Statements of Operations (Unaudited) for the three months ended March31, 2026Condensed Statements of Changes in Shareholders’ Equity for the three months ended March31, 2026Condensed Statements of Cash Flows (Unaudited) for the three months ended March31, 2026Notes 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 Table of Contents PART I - FINANCIAL INFORMATION (1)Includes an aggregate of up to 500,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by theunderwriters (See Notes 5 and 7). On May6, 2026 the underwriters fully exercised their over-allotment option at which point 500,000 ordinaryshares are no longer subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. WEST ENCLAVE MERGER CORP.CONDENSED STATEMENT OF OPERATIONSFOR THE THREE MONTHS ENDED MARCH31, 2026(UNAUDITED) (1)Excludes an aggregate of up to 500,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by theunderwriters (See Notes 5 and 7). On May6, 2026 the underwriters fully exercised their over-allotment option at which point 500,000 ordinaryshares are no longer subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. WEST ENCLAVE MERGER CORP.CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY(UNAUDITED) (1)Includes an aggregate of up to 500,000 ordinary shares subject to forfeiture if the over-allotment is not exercised in full or in part by theunderwriters (See Notes 5 and 7). On May6, 2026 the underwriters fully exercised their over-allotment option at which point 500,000 ordinaryshares are no longer subject to forfeiture. The accompanying notes are an integral part of the unaudited condensed financial statements. WEST ENCLAVE MERGER CORP.CONDENSED STATEMENT OF CASH FLOWSFOR THE THREE MONTHS ENDED MARCH31, 2026(UNAUDITED)Cash Flows from Operating Activities:Net loss$(40,398)Adjustments to reconcile net loss to net cash used in operating activities:Changes in o