Highview Merger Corp.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
HVMC$10.300.0%Stored close · as of Nov 5, 2026
Contents
Condensed Balance Sheet as of September 30, 2025 (Unaudited)
CONDENSED BALANCE SHEET
| Assets | |
|---|---|
| Current assets | |
| Cash | $1,029,296 |
| Due from Sponsor | 25,000 |
| Prepaid expenses | 136,704 |
| Total current assets | 1,191,000 |
| Long-term prepaid insurance | 82,325 |
| Marketable securities held in Trust Account | 231,311,175 |
| Total Assets | $232,584,500 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | |
| Current liabilities | |
| Accounts payable and accrued expenses | $28,290 |
| Accrued offering costs | 75,000 |
| Total current liabilities | 103,290 |
| Deferred underwriting fee | 9,200,000 |
| Total Liabilities | 9,303,290 |
| Commitments and Contingencies (Note 6) | |
| Class A ordinary shares subject to possible redemption, $0.0001 par value; 23,000,000 shares at redemption value of $10.06 per share | 231,311,175 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding | — |
| Class A ordinary shares, $0.0001 par value; 400,000,000 shares authorized; 660,000 shares issued and outstanding (excluding 23,000,000 shares subject to possible redemption) | 66 |
| Class B ordinary shares, $0.0001 par value; 80,000,000 shares authorized; 5,750,000 shares issued and outstanding | 575 |
| Additional paid-in capital | — |
| Accumulated deficit | (8,030,606) |
| Total Shareholders’ Deficit | (8,029,965) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | $232,584,500 |
CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended September 30, | For the Period from April 16, 2025 (Inception) Through September 30, | |
|---|---|---|
| 2025 | 2025 | |
| General and administrative costs | $168,303 | $215,071 |
| Loss from operations | (168,303) | (215,071) |
| Other income (expense): | ||
| Compensation expense | (154,700) | (154,700) |
| Interest earned on marketable securities held in Trust Account | 1,311,175 | 1,311,175 |
| Other income, net | 1,156,475 | 1,156,475 |
| Net income | $988,172 | $941,404 |
| Weighted average shares outstanding, Class A ordinary shares | 12,480,000 | 6,800,479 |
| Basic net income per share, Class A ordinary shares | $0.06 | $0.08 |
| Weighted average shares outstanding, Class A ordinary shares | 12,480,000 | 6,800,479 |
| Diluted net income per share, Class A ordinary shares | $0.05 | $0.08 |
| Weighted average shares outstanding, Class B ordinary shares | 5,395,604 | 5,215,569 |
| Basic net income per share, Class B ordinary shares | $0.06 | $0.08 |
| Weighted average shares outstanding, Class B ordinary shares | 5,750,000 | 5,408,683 |
| Diluted net income per share, Class B ordinary shares | $0.05 | $0.08 |
CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ DEFICIT
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 AND
FOR THE PERIOD FROM APRIL 16, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Deficit | |
| Balance — April 16, 2025 (inception) | — | $— | — | $— | $— | $— | $— |
| Class B ordinary shares issued to Sponsor | — | — | 5,750,000 | 575 | 24,425 | — | 25,000 |
| Net loss | — | — | — | — | — | (46,768) | (46,768) |
| Balance – June 30, 2025 | — | — | 5,750,000 | 575 | 24,425 | (46,768) | (21,768) |
| Sale of 660,000 Private Placement Units | 660,000 | 66 | — | — | 6,599,934 | — | 6,600,000 |
| Fair value of Public Warrants at issuance | — | — | — | — | 2,725,500 | — | 2,725,500 |
| Allocated value of transaction costs to Class A shares | — | — | — | — | (188,765) | — | (188,765) |
| Fair value of founder Shares assigned to directors | — | — | — | — | 155,040 | — | 155,040 |
| Accretion for common stock to redemption amount | — | — | — | — | (9,316,134) | (8,972,010) | (18,288,144) |
| Net income | — | — | — | — | — | 988,172 | 988,172 |
| Balance – September 30, 2025 | 660,000 | $66 | 5,750,000 | $575 | $— | $(8,030,606) | $(8,029,965) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.