Jaws Mustang Acquisition Corp
For the period ended Dec 31, 2025. Filed Mar 31, 2026.
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FY2025 · Filed Mar 31, 2026
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Balance Sheets as of December 31, 2025 and 2024
BALANCE SHEETS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| ASSETS | | | | | | |
| Current assets: | | | | | | |
| Cash | | $60,829 | | $319,207 | ||
| Prepaid expenses | | 15,396 | | 18,910 | ||
| Total Current Assets | | | 76,225 | | | 338,117 |
| | | | | | ||
| Cash held in Trust Account | | | 1,061,576 | | | 1,035,353 |
| TOTAL ASSETS | | $1,137,801 | | $1,373,470 | ||
| | | | | | | |
| LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | | | | ||
| Current liabilities: | | | | | | |
| Accrued expenses | | $1,169,888 | | $1,391,149 | ||
| Advance from related party | | | 1,485,000 | | | 1,485,000 |
| Total Current Liabilities | | 2,654,888 | | 2,876,149 | ||
| | | | | | | |
| Promissory notes - related parties | | | 1,822,000 | | | 1,400,000 |
| Working capital loan - related party | | | 500,000 | | | 500,000 |
| Warrant liabilities | | | 2,233,500 | | | 1,116,750 |
| Total Liabilities | | 7,210,388 | | 5,892,899 | ||
| | | | | | ||
| Commitments and Contingencies | | | | | ||
| Class A ordinary shares subject to possible redemption, 89,480 shares at approximately $11.86 and $11.57 per share redemption value as of December 31, 2025 and 2024, respectively | | | 1,061,576 | | | 1,035,353 |
| | | | | | ||
| Shareholders’ Deficit | | | | | ||
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024 | | — | | — | ||
| Class A non-redeemable ordinary shares, $0.0001 par value; 600,000,000 shares authorized; 25,500,000 and 25,500,000 issued and outstanding as of December 31, 2025 and 2024, respectively | | | 2,550 | | | 2,550 |
| Class B ordinary shares, $0.0001 par value; 60,000,000 shares authorized; 375,000 and 375,000 shares issued and outstanding as of December 31, 2025 and 2024, respectively | | 38 | | 38 | ||
| Additional paid-in capital | | — | | — | ||
| Accumulated deficit | | (7,136,751) | | (5,557,370) | ||
| Total Shareholders’ Deficit | | (7,134,163) | | (5,554,782) | ||
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’ DEFICIT | | $1,137,801 | | $1,373,470 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.